05:26 PM EDT, 05/05/2025 (MT Newswires) -- Ag Growth International ( AGGZF ) on Monday after hours reported a swing to a first-quarter loss as its farm segment sales took a hit.

The company said it lost of $16.8 million, or $0.90 per share, compared with a profit of $1.94 million, or $0.10, in the prior year period.

Revenue dropped 9% to $287 million. The farm segment recorded a 50% decline in revenue, to $95 million, while the commercial arm jumped 53% to near $192 million.

In its outlook, Ag Growth ( AGGZF ) said it expects a "relatively" minor direct impact from tariffs in 2025.However, the company cautioned that tariff and trade policies could still hamper farmer sentiment and aggregate equipment demand.

"The significant activity in our International Commercial segment was able to offset some of the impact of the ongoing difficult market conditions in the Farm segment," said Chief Executive Paul Householder. "As mentioned previously, the timing of a return to a more normalized demand environment for the North America Farm segment is uncertain. We expect at least the first half of 2025 to remain slow."

Ag Growth ( AGGZF ) shares closed down $1.15 to $32.64 on the Toronto Stock Exchange,