Rice is the poster child for agricultural innovation, argues @JavierBlas (via @opinion) https://t.co/kFIEnwOnzz ...

SINGAPORE, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (Nasdaq: DTCK), a Singapore-based agricultural trading company, today announced ongoing strategic reviews of tokenized yield instruments designed to extend the company’s initiatives in commodity finance digitization. The approach under study expands on Davis Commodities’ earlier assessments of Real Yield Tokenization (RYT), stablecoin settlement layers, and modular CFD structures, all aimed at connecting global agri-trade with programmab ...

SINGAPORE, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (Nasdaq: DTCK), a Singapore-based agricultural trading company, announced today that it is reviewing the potential application of Real Yield Tokenization (RYT) as part of its broader strategy to digitize commodity finance and enhance ESG-aligned capital flows. RYT as a Potential On-Chain Yield Mechanism The RYT model, currently under preliminary assessment, could provide qualified market participants with a mechanism to potentially engag ...

Financial Highlights - Adecoagro's gross revenues for Q2 2025 were $392 million, a decrease of 1% compared to the same period last year[17] - Gross revenues for 6M25 reached $716 million, an increase of 10% compared to the same period last year[17] - Adjusted EBITDA for Q2 2025 was $55 million, a decrease of 60% compared to the same period last year[17] - Adjusted EBITDA for 6M25 was $91 million, a decrease of 60% compared to the same period last year[17] Segment Performance - Sugar, Ethanol & Energy - Sugar, Ethanol & Energy accounted for 77% of gross revenues in Q2 2025[17] - Sugar production decreased by 15% from 233,881 tons in Q2 2024 to 199,175 tons in Q2 2025[30] - Ethanol production decreased by 21% from 143,401 m3 in Q2 2024 to 98,756 m3 in Q2 2025[31] - Adjusted EBITDA for Sugar, Ethanol & Energy business decreased by 36% from $68,100 thousand in Q2 2024 to $106,886 thousand in Q2 2025[42] Farming Business - 296,057 hectares of Crops + Rice were harvested[52] - Soybean harvested area is 91,802 ha[52] - Raw milk production reached 93 million liters[52] - Farming segment experienced a significant decrease in financial performance, with profits dropping by 97% from $37,792 thousand in Q2 2024 to $1,081 thousand in Q2 2025[55] Capital Allocation - Net debt stood at $699 million[62] - 75% of debt is long term debt[63] - 70% of debt is in USD and 30% in BRL[65] - $45.2 million has been committed to shareholder distribution[71]

Financial Performance - Adecoagro S.A. reported an Adjusted EBITDA of $68.1 million for the Sugar, Ethanol & Energy business in 2Q25, which is a decrease of 36.3% year-over-year [3] - The Farming business saw an Adjusted EBITDA of $1.1 million in 2Q25, down $36.7 million year-over-year [6] - Overall, Adjusted EBITDA for the company was down 60.5% in 2Q25 compared to the previous year, primarily due to losses in biological assets and higher costs [9] Sales and Production - Gross sales decreased by 1.4% year-over-year in 2Q25, attributed to lower prices for most products, while accumulated sales increased by 9.9% due to higher volumes sold, especially in ethanol [9] - The company achieved record production in its Rice operations, contributing positively to the Farming business [6] Cost and Pricing - The cost of production for the year-to-date was reported at 9.0 cents per pound, an increase from 7.9 cents per pound in the same period last year [5] - There were year-over-year losses in the mark-to-market of biological assets and agricultural produce due to lower prices [7] Debt Management - Adecoagro issued $500 million in Senior Notes due 2032 with a 7.50% coupon, using proceeds to fund a cash tender offer for its Senior Notes due 2027 [8][10] - The company improved its debt maturity profile and financial flexibility through this transaction [10] Shareholder Distribution - As of the report date, Adecoagro committed $45.2 million to shareholder distributions, including $10.2 million for share repurchases and $35.0 million for cash dividends [11]

Financial Data and Key Metrics Changes - Net revenue increased by 4.1% year over year to $314.9 million, and gross profit increased by 5.1% to $55.1 million [5][12] - Adjusted EBITDA rose by 31.1% year over year to $13.8 million, while net income surged by 117% to $500,000 [5][14] - Gross profit margin increased by 13 basis points to 17.5% [13] Business Line Data and Key Metrics Changes - The increase in net revenue was primarily driven by volume increases and improved pricing in the meat and seafood categories [12] - Distribution, selling, and administrative expenses increased by $1.2 million to $51 million, but as a percentage of net revenue, these expenses decreased from 16.5% to 16.2% [13] Market Data and Key Metrics Changes - The company observed lower exit velocity and foot traffic towards the end of Q2 and into Q3, impacting consumer spending [6][21] - The company noted that 99% of its customers are independently run restaurants, with a mix of takeout, dine-in, and buffet types [21] Company Strategy and Development Direction - The company is committed to capital investment and growing capacity, with a focus on digital transformation and infrastructure improvements [6][16] - M&A remains a core pillar of the growth strategy, with a focus on expanding geographic footprint and capturing operational synergies [10][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth strategy despite short-term uncertainties, emphasizing the importance of strategic investments [6][16] - The company anticipates a lower single-digit growth rate for 2025, around 2% to 2.5%, in line with industry averages [29] Other Important Information - The company successfully deployed a new ERP application across its network, which is expected to enhance efficiency and control [7][8] - The strategic facility enhancements are expected to create organic growth opportunities through expanded cross-selling capabilities [9] Q&A Session Summary Question: How is the Asian Specialty market faring in the current environment? - Management noted that foot traffic has been impacted by recent immigration policy changes, particularly affecting buffet restaurants [20][21] Question: How to prioritize strategic investment projects? - The company is focusing on organic growth through capacity investments and is also evaluating M&A opportunities, with most projects expected to be funded through cash flow [22][25] Question: What are the growth expectations for 2025? - Management expects a growth rate of around 2% to 2.5% for 2025, with significant organic growth opportunities identified over the next three to five years [29][30] Question: What are the tariff impacts on customers? - Management indicated that while tariffs are a concern, foot traffic and consumer spending are more significant factors affecting business volume [36][39] Question: What is the expected margin benefit from the ERP implementation? - Management stated that while it is difficult to quantify exact margin expansion, the goal is to achieve a 5% EBITDA margin over the next three to five years [47]

Today's Green Daily newsletter looks at how Japan’s rice crops are at risk as farms face record-breaking heat https://t.co/tZkYc3bmSF ...

Record high temperatures in Japan could curb the country’s rice production, threatening to create shortages of the staple grain and fresh price spikes as public resentment mounts over costs of living https://t.co/N1wsxF0qUw ...

The Philippines will suspend rice imports for 60 days from Sept. 1 to help local farmers, a move that could further pressure global prices as the top buyer of the grain pulls back from the market. https://t.co/B4zTZSijR1 ...

In a break from a decades-old policy, the Japanese government will encourage farmers to disregard a de facto cap on rice production and boost cultivation of the food staple https://t.co/oaoqEvAtut ...