Thank you, Mariano. Good morning, everyone.
on summary start financial a Let's X results. Page consolidated our of with
an accumulated $XXX million. million basis, $XXX it second reached totaled quarter, sales during Gross the on while
produce. products were for year-over-year by of significant sold commodities that increase, some partially our we prices a for most represented of the offset Although lower volumes results
and of driven booked $XXX reached results by the energy in EBITDA adjusted well Pecuaria quarter, stood segment. it whereas said, in results the our farm quarter offset This, million sugar, being Dairy the within during our La turn, of sale as partially the during operations. at our ethanol an Higher $XXX lower Crops year-to-date, as to segment were rice That outperformance million. and
please to Slide X. turn Now
can bottom the were production dilution same translates volume last chart, year. our higher business period fixed the of right of crushing versus and our in figures Higher we that see volumes in crushing XX% Ethanol up and into Regarding Sugar, better costs. Energy
In Farming increase our as development grains the conditions in production a by our of to the as significant weather during area. yields on the well planted was recovery in higher division, of explained normal crops
business. to the expansion to quarter and planting with million Slide by higher dry mainly the greater tons days to year-to-date. availability was activities and X Ethanol during basis. weather million Crushing effective Sugar, The X Energy performance increase X.X tons thanks experienced amounted Let's operational due move crushing of in milling an driven sugarcane accumulated and the volumes our on to
Regarding productivity, despite hectare the versus per remain yields. a line decrease TRS prior in slight year presenting in
attractive In its given we terms of to mix, over sugar continue premium production maximize ethanol.
this Within any of gaining and increasing our margin. offering type maximizing market our [ been dehydrate has production, production time. ethanol we of required, as the better the ] ethanol at for ethanol ethanol If hydrous demand can significantly share, we were
to where periods. million to amounted $XXX sales the please reached $XXX X, describe sales Slide during we turn while million. quarter, Net Let's the conducted year-to-date, throughout
during selling stronger price see the the first year. was driven prices in due pace global sugar the a in to by can Brazil you of milling half in top As the of left on lower decrease chart, mostly the
below this, In in from prices. timely profit previous the the selling year was to greater throughout of case quarter Ethanol, volumes supply. sold spikes done said on Having prices the continued
holding This of Moreover, continue ethanol from year-to-date inventories ethanol we production. the future. XX% to profit in our our to better represents prices
focused our to long-term with on We on complying contracts. energy Energy. Moving
weaker and drove Brazilian prices in a sales. the lower real decline However,
we average sold over price XXX,XXX at of per credits, an already $XX CBio. have carbon CBios Regarding
of the to business. would during year. to Page amounted and the of half Please EBITDA like the second performance $XXX to million Sugar, go and X, for Ethanol million the financial first Energy quarter where Adjusted $XXX we the present
by the mark-to-market assets were with coupled in net in losses yields, biological a our lower in commodity of expected of Despite presenting mark-to-market our year-over-year gains on sales. position, decline year-over-year the hedge the results offset
Ethanol to the would and business, about Energy like where Slide with Sugar, Finally, to briefly current to talk turn please the XX, we outlook. conclude
Assuming normal X annual the year, versus focused months and increase space of and given volume we remaining in harvest availability. good XXXX weather cash the an for cane
reach From on a production commercial as evolution mostly sugar prices total point will expected industrial Brazil's for of depend volume as by flexibility the of the year rest view, annual crushing the of well on to market. the its the
We prices. unhedged, $X.XX average given demand balance at the consequently new an absorbing In was case have our the committed still of pound. versus ethanol, supply strong, XXXX production attractive sugar price the approximately recovery close while to its remained XX% of supporting in per expected gasoline and price
sell pump to parity inventories current max we in as quarters We have as at our as expect scenario increasing ethanol over following well prices low believe room the to the the to to the due Brazil. continue sugar
this to harvested Now hectares July, X and By have month. during of we end remaining would The like the ] we [ to to of tons of Please move XX% the set on Slide produced. agriculture to be are fully over produced expected XX. of business. rest area the million the go Farming total
by normal in as anticipated, productivity last the La As weather conditions presented experienced weather year-over-year our was most significant Nina to year, increase of given opposed affected event. crops a which
our impacted was corn, spiroplasma. case average in per of region tons Consequently, by production X.X our yield the late the negatively hectare, initial In Northern below our expectations. reached
on exposure to and planning other crops. during are season switch We to reducing corn more XXXX, suitable the 'XX area lower our
impacted of outside harvest being this the we during were season, which negatively portion period. to yield Rice, led to of per received hectares planting on the tons end Moving optimal rainfall an obtained planted the by a of the by excessive X.X our hectare. Yields window average
reducing these potential summertime, precipitations ]. yield Moreover, continue throughout [
explained total prices production. However, our production the continue than productivity by the stalls. milk we in in as increase offset enhancing reduction better efficiencies Dairy, cow more free raw In is in
our industry brands. the commodity-sized and development product product and market, continue on value-added we price products tiers with offering export across higher consumer At well level, present as the for being as different products working domestic
soil conclude, window planting planting activities to to we and activities region, optimal to area was next conduct wheat us planting Northern winter began enabled other To starting recovered our moisture, crops. the our the included prior not within our which has campaign with seasons. expand The for and its in
are we Page the $XX mainly million million. results performance an following $XX Farming segments. EBITDA the for whereas present Higher XX, to our Adjusted business year-to-date financial Farming by outperformance all X explained On year-to-date, quarter, amounted business. during of totaled the in the
by was XXXX, this to to in $XX mainly Adjusted campaign. La year-over-year sale April the greater well was year-to-date amounted as basis, was explained growth harvest during for million, million. farm, the adjusted On a XXXX. 'XX our The $XX segment yields sale EBITDA completed which of EBITDA Pecuaria reflecting as farm Crop
a results as as recovery year-over-year Focusing terms. solely main on in prices impacted to negatively our products crops' results, we saw significant costs were our higher production, lower U.S. well dollar for by international in also although
year-over-year was coupled to in lower mainly EBITDA quarter The Rice sales, U.S. explained the Moving terms. the segment. on adjusted in decline dollar by with during costs higher
explained of our adjusted higher basis, prices. assets EBITDA XX%, over biological by an the on by gains However, reported mostly grew accumulated mark-to-market in on year-over-year
the sales ] Results in $XX on the $XX by prices fluid [ period, impacted market. whereas adjusted we milk domestic million the were value-added of improved year-to-date, totaled during maximized and mix for of our products the higher million. Lastly, Dairy segment higher reached as higher EBITDA positively production
are repurchase. a strategy. XX% year minimum Page like to cash generated share According allocation would the our of turn capital combination distribution we where a now and we previous to the distribution during to committed XX, of dividends to cash via our Let's of policy, present
have distribution we this million, policy. were already From As minimum $XX dividends $XX of $XX our in more million approved. today, than amount, committed million
The November the representing be cash amount. paid $X.XX $XX.X shall an was during share, approximately per in in installment equal May, payable second first installment, million whereas
already company's have buyback repurchased addition, which shares program, equity. the in of X.X% $XX approximately we In under represents million our
renewal expect our program additional share up year-end. to approved to do repurchase. Going an so, our repurchase To our forward, to equity of buyback with until we Directors the X% of continue Board company's the of
year. financial Argentina to Page a XX% to which turn operations, to into decrease cash. making the to Please higher same year last strategy better as was in carried translates amounted $XXX previous period of explained Net view debt broader by XX during as of results million, a well out debt position. the our the This from compared for
financial was disattending growth our and debt in the projects. net policy shown decline our As distribution in figures, done without
XXXX, was same whereas XX, lower compared X.Xx our the year. ratio previous reached net debt short-term of X.Xx, to full liquidity the cash ratio repay our its June with the X.Xx to of company's As capacity balances, showing leverage period
cash a in a $XXX offer announced Subsequent we tender date. our XXXX, senior of the for out up of tender accepted notes to by of were to million due the end the quarter, million early which $X.X
disciplined to This constant adding is liability and for value our finance an continuing better operations rates search management of while opportunities at our shareholders. attractive to example
during slide, mill million On on $XX program. we Expansion we place. the In the CapEx in increasing describe accumulated biogas production $XX plantation quarter Ivinhema biomethane CapEx basis. investing Brazil, and following and continue in our where represented our our takes an our sugarcane unit million
X you our Now as time. your operations. industrial improvement our harvesters Thank on rice for well we for dairy new our much as business, in minor processing Farming facilities invested very in
We questions. are now to open
