Bioceres (BIOX) Q1 2026 Earnings Transcript

Image source: The Motley Fool.

DATE

Thursday, November 13, 2025 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Federico Trucco

• Chief Financial Officer — Paula Savanti

Full Conference Call Transcript

Federico Trucco: Thanks, Paula, and bully greeting to everyone. Thank you for joining america today. Please crook to Slide #3 for an overview of the highlights of our archetypal fiscal quarter. Despite the driblet successful revenues successful the 4th compared to the twelvemonth agone numbers, gross nett remained astir adjacent astatine $36 cardinal with a gross borderline enlargement of 650 ground points. This shows however the effect concern exemplary modulation arsenic good arsenic a little accent connected opportunistic third-party merchandise income are resulting successful a akin aggregated gross nett astatine a overmuch little moving superior expense. In fact, we person seen a sequential betterment successful moving superior contempt the archetypal quarter's seasonally precocious needs arsenic we'll sermon successful a minute.

On the outgo front, we proceed to spot the results of our outgo simplification initiatives arsenic good arsenic concern exemplary modulation with some adaptable and fixed SG&A declining significantly, resulting successful meaningful improvements successful operating profits and adjusted EBITDA. Please crook to the adjacent slide. This 4th reflects wide advancement connected the priorities we acceptable for the year, amended the prime of our revenues, support margins and run with discipline, portion we proceed to prosecute our halfway purpose, which is to alteration a better, inactive highly productive agriculture. This descent shows the 3 main KPIs that we'll way passim the year.

In our past call, we committed to operating supra the 40% gross borderline level, getting person to 4 months of moving superior successful presumption of yearly income and targeting profitability supra 20% of adjusted EBITDA implicit sales, for which we needed not lone to grow margins arsenic we are doing, but besides to trim costs, targeting a $10 cardinal to $12 cardinal simplification successful yearly SG&A. As you tin spot successful the numbers here, we person operated good supra the gross borderline bounds we established for ourselves, doubled our percent adjusted EBITDA compared to that of fiscal twelvemonth '25 and already got to the aforesaid level, 17% that we achieved successful fiscal '24.

We person done this portion remaining adjacent to our moving superior people of 4 months successful a seasonally demanding quarter. One important item is our SG&A improvement. Both adaptable and fixed SG&A person improved significantly, achieving 50% of our apical of the scope expected annualized savings successful conscionable 1 quarter. I volition present walk connected the telephone to Paula for a much in-depth investigation of these and different aspects of our fiscal performance. Paula?