Lavoro Ltd (LVROF)
Lavoro Limited operates as a prominent provider of essential agricultural supplies. The company organizes its business across three primary divisions: Brazil Ag Retail, Latam Ag Retail, and Crop Care. It offers a comprehensive array of farm inputs, encompassing plant protection products, seeds, various fertilizers (including foliar, biological, adjuvant, and organomineral formulations), among other solutions vital for the agricultural industry. In addition to its distribution activities, Lavoro also manufactures specific proprietary items, such as specialty fertilizers and select crop protection products. The company maintains a significant operational footprint throughout South America, serving clients in Brazil, Colombia, Ecuador, Peru, Chile, Paraguay, and Uruguay. Customers can acquire its products via an extensive network of physical retail stores and through its online digital platform. Founded in 2017, Lavoro Limited is headquartered in São Paulo, Brazil.
Sector: Retail-Miscellaneous Retail
Industry: Agricultural Inputs
Lavoro Limited
OTC:LVROFBasic Materials · Agricultural Inputs
Mkt Cap-
Float4.62M
O/S-
Inst Own-
SI1.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.12B
Net Income-$456.86M
Total Assets$772.17M
Free Cash Flow-$161.89M
Debt & Equity
Debt 392%
Total Debt$372.79M
Total Equity-$277.68M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LVROF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$772.17M
Liabilities$1.04B
Accounts Receivable$266.61M
Accounts Payable$519.34M
Inventory$213.37M
PP&E (Net)$58.1M
Goodwill$7.32M
Intangible Assets$14.32M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Revenue | $1.12B | $1.68B | $1.67B | $1.39B | $912.34M | $484.27M |
| YoY Growth | -33.6% | 0.5% | 20.7% | 51.9% | 88.4% | - |
| Cost of Revenue | $960.97M | $1.44B | $1.36B | $1.15B | $780.66M | $426.61M |
| Gross Profit | $155.24M | $239.33M | $309.71M | $237.19M | $131.68M | $57.66M |
| Gross Margin | 13.9% | 14.2% | 18.5% | 17.1% | 14.4% | 11.9% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $416.7M | $244.18M | $219.76M | $182.95M | $110.86M | $70.62M |
| Other | -$1.88M | -$6.99M | $49.35M | -$10.16M | -$2.79M | -$1.93M |
| Total Operating Expenses | $416.7M | $237.2M | $269.12M | $172.79M | $108.06M | $68.69M |
| Operating Income (EBIT) | -$261.46M | $2.13M | $40.6M | $64.4M | $23.62M | -$11.03M |
| Operating Margin | -23.4% | 0.1% | 2.4% | 4.6% | 2.6% | -2.3% |
| Interest Expense | $78.99M | $186.69M | $151.19M | $106.31M | $52.82M | $12.54M |
| Interest Income | $54.8M | $57.66M | $46.14M | $74.47M | $37.08M | $9.04M |
| Other Income (Expense) | -$175.93M | -$147.19M | -$110.55M | -$39.27M | -$15.35M | -$20.26M |
| Income Before Tax (EBT) | -$437.4M | -$145.05M | -$69.96M | $25.13M | $8.27M | -$31.29M |
| Income Tax Expense | $56.53M | -$4.58M | -$30.82M | $5.84M | $4.42M | -$9.55M |
| Net Income | -$456.86M | -$136.44M | -$46.65M | $13.99M | $6.87M | -$19.45M |
| Net Income Margin | -40.9% | -8.1% | -2.8% | 1.0% | 0.8% | -4.0% |
| Supplementary Data | ||||||
| EPS | -22.62 | -6.71 | -2.29 | 0.59 | 0.29 | 0.00 |
| Diluted EPS | -22.62 | -6.71 | -2.29 | 0.59 | 0.29 | 0.00 |
| Weighted Average OS | 112.99M | 113.60M | 113.60M | 132.29M | 132.29M | 0 |
| EBITDA | -$331.19M | $73.67M | $106.38M | $152.64M | $33.18M | -$4.47M |
| EBITDA Margin | -29.7% | 4.4% | 6.4% | 11.0% | 3.6% | -0.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $92.42M | $163.08M | $100.98M | $45.53M | $82.22M | $28.36M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $92.42M | $163.08M | $100.98M | $45.53M | $82.22M | $28.36M |
| Accounts Receivable | $266.61M | $514.2M | $477.25M | $321.13M | $262.54M | $193.33M |
| Inventory | $213.37M | $318.56M | $334.3M | $312.98M | $151.95M | $77.21M |
| Other Current Assets | $32.66M | $72.17M | $78.21M | $103.36M | $123.53M | $76.83M |
| Total Current Assets | $605.06M | $1.11B | $990.74M | $782.99M | $620.24M | $375.73M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $58.1M | $78.56M | $66.26M | $51.25M | $28.19M | $16.76M |
| Goodwill | $7.32M | $125.29M | $97.82M | $80.88M | $70.99M | $46.44M |
| Intangible Assets | $14.32M | $48.53M | $46.62M | $48.73M | $46.54M | $22M |
| Long-Term Investments | $15.9M | $803K | $58.05M | $240K | $163K | $0 |
| Deferred Tax Assets | $9.68M | $61M | $58.89M | $35.96M | $20.53M | $0 |
| Other Long-Term Assets | $61.79M | $67.61M | $27.99M | $17.37M | $1.13M | $15.51M |
| Total Long-Term Assets | $167.11M | $381.79M | $355.62M | $234.43M | $167.39M | $100.71M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $772.17M | $1.49B | $1.35B | $1.02B | $787.63M | $476.44M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $519.34M | $687.95M | $460.9M | $411.87M | $279.81M | $181.86M |
| Short-Term Debt | $357.84M | $213.28M | $165.1M | $121.9M | $39.68M | $28.68M |
| Current Income Tax Payable | $0 | $7.45M | $6.64M | $6.12M | $5.87M | $0 |
| Current Unearned Revenue | $15.08M | $42.06M | $0 | $57.36M | $91.15M | $0 |
| Other Current Liabilities | $76.7M | $108M | $223.12M | $49.45M | $80.58M | $96.26M |
| Total Current Liabilities | $1.02B | $1.14B | $904.46M | $686.48M | $513.22M | $315.61M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $3.57M | $78.6M | $7.67M | $5.25M | $3.69M | $1.48M |
| Long-Term Unearned Revenue | $0 | $0 | $11.82M | $9.97M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.73M | $2.22M | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $5.21M | $7.93M | $27.15M | $1.54M | $731K | $189K |
| Total Long-Term Liabilities | $21.89M | $110.32M | $64.27M | $32.15M | $11.69M | $7.54M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.04B | $1.25B | $968.73M | $718.64M | $524.91M | $323.15M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $106K | $106K | $106K | $259.76M | $240.7M | $140.95M |
| Retained Earnings | -$662.82M | -$183.09M | -$46.65M | $0 | $0 | $0 |
| Comprehensive Income & Other | $8.08M | $6.37M | -$2.52M | $0 | $0 | $0 |
| Other Stockholders' Equity | $385.03M | $383.86M | $379.4M | $0 | $0 | $0 |
| Total Equity | -$277.68M | $200.88M | $332.85M | $259.76M | $240.7M | $140.95M |
| Minority Interest | $5.49M | $42.3M | $44.78M | $39.02M | $22.02M | $12.33M |
| Total Liabilities and Equity | $766.68M | $1.45B | $1.3B | $978.4M | $765.61M | $464.1M |
| Supplementary Data | ||||||
| Total Debt | $372.79M | $330.66M | $205.76M | $154.93M | $56.82M | $37.61M |
| Net Debt | $280.37M | $167.59M | $104.79M | $109.4M | -$25.39M | $9.25M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Operating Activities | ||||||
| Net Income | -$456.86M | -$145.05M | -$46.65M | $25.13M | -$8.3M | -$19.45M |
| Depreciation & Amortization | $27.44M | $32.03M | $25.15M | $21.21M | $9.56M | $6.56M |
| Deferred Income Tax | $0 | $0 | -$4.86M | $5.84M | $4.42M | -$9.55M |
| Stock-Based Compensation | $0 | $2.8M | $2.6M | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $201.19M | -$76.12M | -$108.9M | $3.5M | $47M | -$15.85M |
| Inventory | $126.43M | $24.22M | $8.9M | -$129.13M | $1.03M | -$3.56M |
| Accounts Payable | -$302.08M | $181.64M | -$21.04M | $48.96M | -$56.65M | -$8.38M |
| Other Working Capital | -$12.31M | -$41.21M | $66.03M | -$29.26M | $8.85M | $23.67M |
| Total Working Capital Change | $13.23M | $88.52M | -$55.01M | -$105.92M | $237K | -$4.13M |
| Other Non-Cash Items | $259.06M | $51.37M | $98.1M | $7.31M | $3.72M | $24.53M |
| Net Cash from Operating | -$157.13M | $29.66M | $19.34M | -$46.43M | $9.63M | -$2.05M |
| Investing Activities | ||||||
| Capital Expenditures | -$4.76M | -$20.48M | -$11.7M | -$8.54M | -$6.25M | -$6.06M |
| Acquisitions | -$5.86M | -$39.9M | -$28.17M | -$35.49M | -$64.9M | -$44.22M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $22.96M | $3.42M | $373K | $234K | $759K | $99K |
| Net Cash from Investing | $12.34M | -$56.95M | -$39.5M | -$43.79M | -$70.39M | -$50.18M |
| Financing Activities | ||||||
| Debt Repaid | $256.42M | -$19.95M | $12.01M | -$48.41M | $2.61M | $19.86M |
| Common Stock Issuance | $0 | $0 | $10.89M | $36.22M | $117.22M | $88.04M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$729K | -$407K | -$24.96M | $0 | $0 |
| Other Financing Activities | $328.13M | $68.38M | $81.83M | -$6.15M | -$14.22M | $0 |
| Net Cash from Financing | $71.7M | $87.6M | $80.3M | $53.52M | $114.61M | $68.18M |
| Forex Effect | -$25.12M | $1.8M | -$4.69M | -$684K | $0 | $0 |
| Net Change in Cash | -$98.2M | $62.1M | $55.45M | -$36.69M | $53.85M | $15.95M |
| Supplementary Data | ||||||
| Operating Cash Flow | -$157.13M | $29.66M | $19.34M | -$46.43M | $9.63M | -$2.05M |
| Capital Expenditure | -$4.76M | -$20.48M | -$11.7M | -$8.54M | -$6.25M | -$6.06M |
| Free Cash Flow | -$161.89M | $9.18M | $7.64M | -$54.97M | $3.38M | -$8.1M |
| Cash at Beginning | $190.62M | $100.98M | $45.53M | $82.22M | $28.36M | $12.41M |
| Cash at End | $92.42M | $163.08M | $100.98M | $45.53M | $82.22M | $28.36M |