Ag Growth International Inc
TSX:AFN

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Ag Growth International Inc
TSX:AFN
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Price: 22.23 CAD -0.76% Market Closed
Market Cap: 417.9m CAD

Ag Growth International Inc
Investor Relations

Ag Growth International, Inc. engages in the manufacture of agricultural equipment. The company is headquartered in Winnipeg, Manitoba. The company went IPO on 2004-05-18. The firm operates through three segments: Farm, Commercial and Technology. Its Farm segment includes the sale of grain, seed, and fertilizer handling equipment, aeration products, grain and fuel storage solutions, and grain management technologies. Its Commercial segment includes the sale of larger diameter grain storage bins, high-capacity grain handling equipment, seed and fertilizer storage and handling systems, feed handling and storage equipment, aeration products and food processing solutions. Its Technology segment offers monitoring, operation, measurement and blending controls, automation, hazard monitoring, embedded electronics, farm management, grain marketing and tools for agronomy, and enterprise resource planning for agriculture retailers and grain buyers.

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AFN
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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 1, 2025
AI Summary
Q2 2025

Commercial Strength: AGI’s Commercial segment delivered strong results in Q2, with EBITDA up 58% year-over-year and double-digit growth in Brazil, EMEA, and North America.

Stable Revenue: Q2 consolidated revenue was $349 million, flat year-over-year but up sequentially, with Commercial offsetting Farm segment softness.

Order Book Growth: The consolidated order book reached $660 million, up 4% year-over-year, with Commercial making up 85% and showing 15% year-over-year growth.

Farm Segment Weakness: The Farm segment continues to face soft demand due to low commodity prices and high dealer inventories, with only gradual inventory improvement expected.

EBITDA Guidance Unchanged: Full year 2025 adjusted EBITDA guidance is reiterated at at least $225 million, with expectations for a strong Q4 driven by Commercial projects.

Receivables Monetization: AGI plans to monetize $80–100 million in Brazilian receivables by year-end, aiming to reduce net debt leverage to the low 3x range.

CapEx Reduced: 2025 capital expenditure guidance was cut to $40 million from $70 million, with India expansion pushed into 2026.

Margin Outlook: Full-year margin is expected around 17%, reflecting the greater Commercial mix, but long-term margin potential remains 18–20% as Farm recovers.

Key Financials
Revenue
$349 million
Adjusted EBITDA
$54 million
Adjusted EBITDA Margin
15.6%
Commercial Segment Adjusted EBITDA
$37 million
Commercial Segment Adjusted EBITDA Margin
16.6%
Order Book
$660 million
Net Debt Leverage Ratio
3.9x
Free Cash Flow
Approximately breakeven
Capital Expenditures
$40 million (2025 target)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Paul David Householder
CEO, President & Director
No Bio Available
Mr. James D. Rudyk C.A., CPA
Chief Financial Officer
No Bio Available
Ms. Kate Glasser
Executive Vice President of Global Operations
No Bio Available
Mr. David Postill
Senior Vice President of AGI Digital & Global Marketing
No Bio Available
Mr. Scott McKernan
Senior Vice President of USA
No Bio Available
Mr. Andrew Jacklin
Director of Investor Relations
No Bio Available
Mr. Ryan Kipp
Senior VP of Legal, General Counsel & Corporate Secretary
No Bio Available
Mr. Ron Braun
Senior Vice President of Farm
No Bio Available
Ms. Nicolle Parker CMA, CPA
Senior Vice President of Finance & Information Systems
No Bio Available
Mr. Paul Brisebois
Senior Vice President of Canada
No Bio Available

Contacts

Address
MANITOBA
Winnipeg
198 Commerce Dr
Contacts
+12044891855.0
www.aggrowth.com