Defying the input market crisis, Nutriplant increases profit by 193% in 2024

Date:04-24-2025

Nutriplant announced that its net profit for 2024 reached BRL10.3 million (US$1.77 million), representing a 193% increase compared to 2023, when it totaled BRL3.5 million. 

The Brazilian company specializes in the development and production of high-tech micronutrients and raw materials for industrial use in the fertilizer sector.

Last year, Nutriplant's cash generation, measured by EBITDA (earnings before interest, taxes, depreciation, and amortization), was BRL19.1 million. According to the company's balance sheet, this result represented a 79.9% increase from the BRL10.6 million of the previous year.

In the 2024 fiscal year, sales efforts and the development of new dealers in strategic agricultural regions led to the expected increase in sales, resulting in another record annual revenue. Net revenue reached BRL200.3 million in 2024, 11.8% higher than the previous year's BRL179.1 million.

″We continued efforts to establish business relationships with dealers in various regions of the country, investing in the development of several test fields and demonstrating the effectiveness of our products to farmers who are seen as references in their regions,″ said Ricardo Pansa, CEO, CFO, and Investor Relations Director of Nutriplant.

He noted that, in the vast majority of cases, these test fields resulted in increased profitability for producers using the company's products compared to those of competing companies. 

″This investment, along with the expansion of the dealer and sales representative network, has allowed Nutriplant to maintain growth prospects for the coming years. We aim to achieve profitability levels compatible with our sector,″ he added.

In 2024, the company's gross profit reached BRL36.5 million, corresponding to a margin of 18.2% on net revenue and an increase of 24.1% compared to the previous year. In addition to revenue growth, the result is related to cost control, which accounted for 81.8% of net revenue, down from 83.6% the previous year.

At the same time, general, administrative, and commercial expenses remained at 11.5% of net revenue. ″The company is committed to continuously capturing efficiency in our processes, reducing costs and expenses in our production, and demonstrating a journey towards greater efficiency,″ the executive explained.

According to Pansa, Nutriplant will continue to focus on creating differentiated products to maximize the productivity of its clients' activities through the development of agronomic technology. The goal for 2025 is also to improve operational efficiency, adjust its capital structure, and expand its distribution channels while applying stricter credit analysis and granting.

″The Group seeks to increase liquidity and reduce dependence on third-party funding to finance its working capital. We expect that our growth will follow the expansion of production, efficiency, and profitability of Brazilian agribusiness,″ the executive said in conclusion. (BRL1,000 = $0,1722)

(Editing by Leonardo Gottems, reporter for AgroPages)