International Market Growth
Significant growth in North America and Brazil, with the Syngenta collaboration expanding 2.5 times as a percent of total gross profit. Early signs of strategy paying off in the U.S., Brazil, and new markets like Mexico and Uruguay.
EPA's Green Chemistry Award
Recognition of Bioceres' bio-insecticidal platform with the EPA's Green Chemistry Award during Climate Week in New York.
Regulatory Approvals for HB4 Soy
Granted regulatory approvals for HB4 soy cultivation in Uruguay and Bolivia, making it the second most broadly approved soybean GMO event.
Gross Margin Expansion
Overall gross margin expanded from 38% to almost 40% this quarter, with a significant margin expansion in Crop Protection from 35% to almost 40%.
Improved Cash Management
Strong focus on working capital management and cash generation, with stable cash position at almost $40 million and a leverage ratio below target.