Beijing, China and Tel Aviv, Israel
March 13, 2025

• Strategic transformation plan launched in 2024, with initial success reflected in certain key metrics including improved free cash flow and adjusted financial results

ADAMA Ltd. (the “Company”) (SZSE 000553), today reported its financial results for the fourth quarter and full year ended December 31, 2024.

Fourth Quarter 2024 Highlights:

• Sales down 2% (-2% in RMB; +2% in CER) to $1,113 million, mainly reflecting an increase of 7% in volumes more than offset by a decrease of 4% in prices and negative foreign exchange impacts
• Adjusted gross profit up 14% to $280 million, representing an improvement of gross margin from 21.5% in Q4 2023 to 25.2% in Q4 2024, reflecting lower costs and improved product mix
• Adjusted EBITDA up 45% to $137 million representing an improvement of EBITDA margin from 8.3% in Q4 2023 to 12.3% in Q4 2024 
• Adjusted net loss narrowed 43% to $58 million from $101 million in Q4 2023; Reported net loss of $149 million, including one-time restructuring costs associated with the Company’s transformation plan, compared to $79 million in Q4 2023
• Operating cash flow reached $126 million in Q4 2024 vs. $293 million in Q4 2023
• Free cash flow reached $38 million in Q4 2024 vs. $130 million in Q4 2023

Source: https://investors.adama.com/news-and-filings/quarterly-earnings-reports/Quarterly-Results-Q4-2024/

• Q4 + FY 2024 Press Release English
• Q4 + FY 2024 Press Release Hebrew

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

Published: March 18, 2025