08:36 AM EDT, 03/25/2026 (MT Newswires) -- Ag Growth International ( AGGZF ) after markets closed Tuesday reported revenue which rose in the fourth quarter, while adjusted EBITDA fell.

Fourth quarter revenue was reported at C$395.8 million, compared to $381.2 million in the corresponding year-ago quarter. The consensus estimates compiled by FactSet for revenue was $362.8 million.

Fourth quarter adjusted EBITDA was reported at $48.3 million, compared to $78.1 million in the year-ago quarter.

On outlook the company noted, among others, that farm segment remains exposed to ongoing cyclical market conditions which limits near-term visibility and that commercial segment order intake softened in late 2025 and early 2026 amid longer customer review cycles.

"Following the departure of the CEO and reconstitution of the Board of Directors earlier this year, management, at the direction and under the supervision of our Board of Directors, began a comprehensive and critical review of AGI's business practices, organizational and cost structures, and investment approach with the objective of adjusting business practices and reallocating human and capital resources to improve the operational and financial performance of the Company," said the company.

As part of this exercise, the company added, that management identified "numerous opportunities to streamline and simplify AGI's business, improve operational efficiencies and enhance customer experience while at the same time improving AGI's financial performance and strengthening its balance sheet."

The company stated that the opportunities include restructuring of the top executive leadership team from 17 to 8 members, reorganizing North American leadership and operations into a single unified regional business, consolidation of select corporate and leadership functions into Winnipeg HQ from other locations and suspension of the current quarterly dividend of $0.15 per share effective immediately.

The identified opportunities also include, an update to its corporate compensation structures to better align with shareholder returns, and termination of the enterprise resource planning (ERP) deployment plan.

"Management estimates that during the first half of 2026, up-to $20 million of non-recurring expenses will be incurred as this restructuring is completed," said the company. "Once completed, annualized cost savings are expected to be at least $20 million."

Additionally, the company said that management is reevaluating the way in which AGI approaches major international commercial projects, and added that while Brazil and other emerging markets "continue to represent significant growth opportunities," AGI will approach future opportunities in these markets with a view to "substantially improving" the free cash flow profile of such projects.

"While this may negatively impact the Commercial order book in the near term, it will improve the quality of future commercial projects from a return on invested capital and balance sheet perspective," said the company.

The company added that management is also reviewing its portfolio of assets with the intent of "refocusing" on core business lines and "solidifying" its balance sheet.

No dividend will be declared for the first quarter ending March 31, 2026, added the company.