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GuruFocus News
Thu, May 15, 2025, 12:20 AM 3 min read
Release Date: May 14, 2025
For the implicit transcript of the net call, delight notation to the full net telephone transcript.
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Ceres Global Ag Corp (CERGF) achieved a 24% summation successful volumes handled compared to Q3 of fiscal 2024.
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The institution reported higher nett income compared to Q3 of the erstwhile year, contempt little commodity prices.
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Ceres Global Ag Corp (CERGF) has efficaciously leveraged its cross-border infrastructure to negociate tariff risks and present worth to customers.
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The effect retail processing conception generated important year-to-date volumes astatine the Jordan Crush plant, benefiting from a coagulated section soybean supply.
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Supply concatenation services gross accrued owed to higher atom retention and elevations.
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Tariffs person created important volatility and vulnerability successful the commodity markets, posing a situation for Ceres Global Ag Corp (CERGF).
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Gross nett decreased from $7.8 cardinal successful Q3 of past twelvemonth to $6.2 million, chiefly owed to less borderline opportunities.
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Revenue for the archetypal 3 quarters of fiscal 2025 fell by 10.3% owed to little prices crossed halfway commodities.
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Income from operations decreased importantly from $15.5 cardinal successful the archetypal 9 months of 2024 to $4.9 cardinal successful 2025.
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Propane and butane volumes were little successful Q3 owed to ongoing geopolitical and commercialized disputes.
Q: How did tariffs interaction Ceres Global Ag Corp's operations successful Q3 2025? A: Tom Coyle, Interim President and CEO, explained that tariffs were a important concern, creating marketplace uncertainty and volatility. The institution took proactive measures, specified arsenic leveraging cross-border infrastructure to negociate tariffs connected Canadian products entering the US, which helped mitigate immoderate of the impacts.
Q: What were the fiscal highlights for Ceres Global Ag Corp successful Q3 2025? A: Blake, the fiscal officer, reported that gross accrued by 1.3% to $215 cardinal compared to the aforesaid play past year. Net income was $1.6 million, oregon $0.05 per share, up from $985,000, oregon $0.03 per share, successful the erstwhile year. The institution handled 26.4 cardinal bushels of atom and lipid seeds, a 24.4% summation from Q3 of past year.
Q: How did Ceres Global Ag Corp's effect retail processing conception perform? A: Tom Coyle noted that the Jordan Crush works continued to make important volumes, servicing Canadian marketplace needs for soybean repast and oil. The institution focused connected section request to trim tariff vulnerability connected products moved to US customers and expects to run adjacent capableness done the remainder of the fiscal year.
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