Adecoagro S.A.

Adecoagro S.A. is a sustainable agricultural company that operates across Argentina, Uruguay, and Brazil. The company was founded in September 2002 with the acquisition of Adeco Agropecuaria S.A., which included over 74,000 hectares of farmland in Argentina. Between 2004 and 2005, Adecoagro expanded its farmland holdings by over 25,000 hectares in Uruguay and the Western Bahia region of Brazil, alongside additional land in Argentina to strengthen its Crops business. In 2005, Adecoagro diversified into the Brazilian sugar, ethanol, and energy sector by acquiring the Usina Monte Alegre S.A. mill in Minas Gerais. Subsequently, the company built two new mills, Angelica and Ivinhema, establishing a sugarcane cluster in Mato Grosso do Sul, Brazil. During the same period, Adecoagro expanded its Argentine operations through the acquisition of Pilag S.A., adding more than 88,000 hectares of land and two rice processing facilities. The company also constructed two free-stall dairy facilities with a total capacity of 7,000 milking cows. As of December 31, 2025, Adecoagro operates four free-stall facilities with over 14,400 milking cows. Adecoagro has also integrated downstream, constructing a sunflower processing facility in Pehuajó, Province of Buenos Aires, Argentina, in partnership with CHS de Argentina S.A. This facility processes black oil and confectionary sunflower seeds into specialty products like in-shell seeds and oil seeds, primarily for export.