Adecoagro S.A. Condensed Consolidated Interim Financial Statements as of March 31, 2017 and for the three-month periods ended March 31, 2017 and 2016 Legal information Denomination: Adecoagro S.A. Legal address: Vertigo Naos Building, 6, Rue Eugène Ruppert, L-2453, Luxembourg Company activity: Agricultural and agro-industrial Date of registration: June 11, 2010 Expiration of company charter: No term defined Number of register (RCS Luxembourg): B153.681 Capital stock: 122,381,815 common shares (of which 1,352,397 are treasury shares)

F - 2

Condensed Consolidated Interim Statements of Income for the three-month periods ended March 31, 2017 and 2016

(All amounts in US$ thousands, except shares and per share data and as otherwise indicated)

March 31,

March 31,

Note

2017 2016

(unaudited)

Sales of goods and services rendered...............................

4

166,091

121,484

Cost of goods sold and services rendered ........................

5

(139,362)

(99,023)

Initial recognition and changes in fair value of

biological assets and agricultural produce .......................

14

17,365

25,833

Changes in net realizable value of agricultural

produce after harvest........................................................

(227)

2,659

Margin on Manufacturing and Agricultural

Activities Before Operating Expenses ..........................

43,867

50,953

General and administrative expenses...............................

6

(14,017)

(10,304)

Selling expenses...............................................................

6

(16,014)

(11,036)

Other operating income, net.............................................

8

13,272

58

Profit from Operations Before Financing and

Taxation..........................................................................

27,108

29,671

Finance income................................................................

9

2,112

4,145

Finance costs....................................................................

9

(19,442)

(28,713)

Financial results, net ........................................................

9

(17,330)

(24,568)

Profit Before Income Tax..............................................

9,778

5,103

Income tax expense..........................................................

10

(3,811)

(2,351)

Profit for the Period.......................................................

5,967

2,752

Attributable to:

Equity holders of the parent.............................................

4,991

1,600

Non-controlling interest...................................................

976

1,152

Earnings per share attributable to the equity

holders of the parent during the period:

Basic ................................................................................

0.04

0.01

Diluted .............................................................................

0.04

0.01

Condensed Consolidated Interim Statements of Comprehensive Income for the three-month periods ended March 31, 2017 and 2016

(All amounts in US$ thousands, except shares and per share data and as otherwise indicated)

March 31,

2017

March 31,

2016

(unaudited)

Profit for the period................................................

Other comprehensive income:

5,967

2,752

Exchange differences on translating foreign

operations ..............................................................

14,717

14,556

Cash flow hedge, net of tax (Note 2) .....................

11,392

25,854

Other comprehensive earnings for the

period ....................................................................

26,109

40,410

Total comprehensive earnings for the period ....

32,076

43,162

Attributable to:

Equity holders of the parent ...................................

30,885

42,857

Non-controlling interest .........................................

1,191

305

Adecoagro SA published this content on 03 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 July 2017 17:17:09 UTC.

Original documenthttp://ir.adecoagro.com/download/20170703140123.pdf

Public permalinkhttp://www.publicnow.com/view/D34D5A444950689A8794BD501E5944168D8D98D3