ADAMA(SZ:000553)2025-05-08 07:25Investment Rating - The report indicates a turnaround in net profit for the company in Q1 2025, with an adjusted net income of $44 million compared to a net loss of $10 million in the same period of 2024 [2][4]. Core Insights - The company's sales in Q1 2025 were $1.0 billion, reflecting a year-over-year decrease of approximately 5% in U.S. dollars, primarily due to flat volumes and a 4% decline in prices [2][4]. - Adjusted gross profit increased by 5% year-over-year to $303 million, resulting in a gross margin of 30.3%, up from 27.2% in the previous year [5]. - The North American business showed growth, driven by improved market demand and a recovery in channel inventories, with a significant contribution from the consumer and professional solutions segment [6]. Summary by Sections Financial Performance - Q1 2025 net profit turned from a loss to a profit, with reported net income at $21 million compared to a net loss of $32 million in Q1 2024 [2][4]. - Adjusted operating expenses decreased to $207 million from $216 million year-over-year, attributed to disciplined management and favorable currency movements [5]. Regional Performance - The North American business experienced year-on-year growth, supported by an increase in disposable income among consumers, which boosted demand in the consumer and professional solutions segment [6].