Beijing, China and Tel Aviv, Israel
October 30, 2023

Third Quarter 2023 Highlights:

• Sales down 24% to $1,033 million (-20% in RMB terms; -25% in CER terms), mainly reflecting 12% decrease in volume and 13% decrease in prices
• Adjusted EBITDA amounted to $35 million vs. $171 million in Q3 2022
• Adjusted net loss of $115 million; Reported net loss of $112 million

First Nine Months 2023 Highlights:

• Sales down 17% to $3,524 million (-12% in RMB terms; -15% in CER terms), mainly reflecting 10% decrease in volume and 5% decrease in prices
• Adjusted EBITDA amounted to $312 million vs. $611 million in the first nine months of 2022
• Adjusted net loss of $135 million; Reported net loss of $146 million

Q3 + 9M 2023 Press Release English (Management Discussion & Analysis) PDF Format (opens in new window)

Q3 + 9M 2023 Financial Presentation PDF Format (opens in new window)

Q3 + 9M 2023 Press Release Hebrew

Website: http://www.adama.com/en/

Published: October 30, 2023