Add as a preferred source on GoogleVerde AgriTech Targets About R$13 Million in Savings by the End of 2027
The 2027 plan calls for a 50.7% cut in selected expenses, while a separate year-end cash-and-receivables objective depends on the agricultural crisis persisting.
Verde AgriTech Ltd. targets about R$13 million in 2027 savings and aims to end 2027 with cash and receivables broadly equivalent to projected December 2026 levels if the agricultural crisis persists.
Verde announced its plan Nov. 5. It set out 2027 spending of R$11.2 million across sales and marketing, general administration, legal, consulting, audit, IT and software, compared with an estimated R$22.7 million for those categories in 2026, a 50.7% cut. The company expects plant cost measures to contribute another R$1.5 million in savings.
Third-quarter revenue fell to C$3.5 million from C$5.9 million a year earlier. Sales volume declined 49.2% to 43,260 metric tons. Earnings before interest, taxes, depreciation and amortization (EBITDA), before noncash events, was a C$700,000 loss, compared with a C$100,000 profit a year earlier.
Verde had C$4.7 million in cash and C$4.1 million in trade and other receivables as of Sept. 30.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.