{"id":1966,"date":"2026-05-07T02:33:00","date_gmt":"2026-05-07T00:33:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=c9de253adcc0f099394b0510e712a8f0"},"modified":"2026-05-07T02:33:00","modified_gmt":"2026-05-07T00:33:00","slug":"agi-announces-first-quarter-2026-results-progress-on-brazilian-accounts-receivable-monetization","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=1966","title":{"rendered":"AGI Announces First Quarter 2026 Results &amp; Progress On Brazilian Accounts Receivable Monetization"},"content":{"rendered":"<p>WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) (\u201cAGI\u201d, the \u201cCompany\u201d, \u201cwe\u201d, or \u201cour\u201d) today announced its financial results for the three-month period ending March 31, 2026.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260506729595\/en\/2797245\/4\/AGI_logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260506729595\/en\/2797245\/22\/AGI_logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260506729595\/en\/2797245\/4\/AGI_logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260506729595\/en\/2797245\/21\/AGI_logo.jpg\" \/><\/a><p>\n<b><span class=\"bwuline\">First Quarter 2026 Highlights<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nRevenue of $282 million and Adjusted EBITDA<sup>1<\/sup> of $25 million decreased year-over-year (\u201cYOY\u201d) by 2% and 19%, respectively.<\/li>\n<li>\nAdjusted EBITDA Margin %<sup>2<\/sup> of 8.9% declined by approximately 200 basis points YOY, primarily due to lower Commercial volumes, partially offset by corporate cost reductions.<\/li>\n<li>\nFarm segment revenue up 7% YOY due to higher sales across North America overall with Adjusted EBITDA roughly flat due to the impact of product mix on margins.<\/li>\n<li>\nCommercial segment revenue down 6% due to a soft market in North America and geopolitical and domestic policy impacts in India. Adjusted EBITDA down 44% due to lower overall volume and product mix.<\/li>\n<li>\nSG&amp;A expenses, excluding transaction, transitional and other costs, ERP system transformation costs, and depreciation and amortization, were $9.7 million lower than Q1 2025 and improved as a percentage of revenue, largely due to recent corporate restructuring initiatives.<\/li>\n<li>\nNet debt leverage ratio<sup>2<\/sup> of 5.2x at March 31, 2026 compared to 4.7x at December 31, 2025 and 3.6x at March 31, 2025. An increase in net debt leverage in Q1 is expected and reflects the typical pattern of a first-quarter build in working capital levels.<\/li>\n<\/ul><p>\n<b><span class=\"bwuline\">Outlook<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nOrder book<sup>3<\/sup> down 19% YOY to $589 million as of March 31, 2026, primarily due to the execution of several significant projects in our International Commercial segment, with a partial offset by some improvement in the Farm order book.<\/li>\n<li>\nThe Farm segment order book improved YOY. Although encouraging, it remains below historic levels and market conditions remain challenging.<\/li>\n<li>\nCommercial segment order book was down YOY, driven by cautious customer behavior and fewer project awards in North America and internationally, with a partial offset from momentum in traditional equipment\u2011only project wins in Brazil.<\/li>\n<\/ul><p>\n<b><span class=\"bwuline\">Business Updates<\/span><\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nAfter quarter end, approximately $105 million related to long-term accounts receivable in Brazil was released from escrow. Of this amount, approximately $55 million has been received into AGI-controlled accounts, with the remaining balance in the final stages of administrative transfer, which is expected to be completed in May 2026. These proceeds will be applied towards the outstanding debt on our senior credit facilities. The net debt leverage ratio as at March 31, 2026 proforma the collection of the $105 million receivable would have been 4.7x.<\/li>\n<li>\nThe Company continues to execute broad restructuring and simplification actions, with management now estimating annualized cost savings of at least $30 million compared to the previous target of at least $20 million. These savings are expected to be fully realized by the fourth quarter of 2026 when such actions are fully implemented. Non-recurring restructuring charges of $12 million were incurred in the first quarter.<\/li>\n<\/ul><p>\n\u201cOur first quarter results reflect a continued challenging operating environment, with low Commercial volumes, particularly in North America and India, negatively impacting margins,\u201d commented Paul Brisebois, Interim President and CEO of AGI. \u201cWe are responding with decisive actions to simplify the business, sharpen customer focus, and better align our cost structure to current demand levels, with annualized cost savings now expected to be at least $30 million. Following the quarter, approximately $105 million of long\u2011term receivables in Brazil were released from escrow with approximately $55 million already in AGI\u2011controlled accounts. This action is consistent with our focus on debt repayment and supports our efforts to strengthen AGI\u2019s balance sheet, which remains a top priority.\u201d<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth100\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n____________________<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth100\" colspan=\"1\" rowspan=\"1\"><sup>1<\/sup> Non-IFRS financial measure. See \"Non-IFRS and Other Financial Measures\". First quarter 2026 loss before income taxes of $(43.6) million.<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth100\" colspan=\"1\" rowspan=\"1\"><sup>2<\/sup> Non-IFRS ratio. See \u201cNon-IFRS and Other Financial Measures\u201d.<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth100\" colspan=\"1\" rowspan=\"1\"><sup>3<\/sup> Supplementary financial measure. See \"Non-IFRS and Other Financial Measures\".<\/td>\n<\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwpadl0\" colspan=\"5\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>SUMMARY OF FIRST QUARTER 2026 RESULTS<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Revenue by Operating Segment<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"4\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Three-month ended March 31<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n[thousands of dollars except percentages]<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Revenue <\/b><sup>[1]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"\/>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwwidth40 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFarm<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n102,003<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n95,095<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n6,908<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwwidth40 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCommercial<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n180,164<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n191,651<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(11,487)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(6%)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>282,167<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>286,746<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(4,579)<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(2%)<\/b><\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted EBITDA by Operating Segment<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"4\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Three-month ended March 31<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n[thousands of dollars except percentages]<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted EBITDA <\/b><sup>[2]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"\/>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwwidth40 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFarm<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n18,921<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n19,177<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(256)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(1%)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwwidth40 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCommercial<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n13,606<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n24,486<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(10,880)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(44%)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwwidth40 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOther <sup>[3]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(7,327)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(12,398)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,071<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\nN\/A<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>25,200<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>31,265<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(6,065)<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(19%)<\/b><\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwwidth100 bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwwidth40 bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted EBITDA Margin % by<\/b><\/p><p class=\"bwcellpmargin\">\n<b>Operating Segment<\/b><\/p><\/td><td class=\"bwwidth59 bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"4\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Three-month ended March 31<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth40 bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth15 bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><td class=\"bwwidth15 bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2025<\/b><\/p><\/td><td class=\"bwwidth13 bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><td class=\"bwwidth14 bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth40 bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth15 bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>%<\/b><\/p><\/td><td class=\"bwwidth15 bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>%<\/b><\/p><\/td><td class=\"bwwidth13 bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>basis points\n<br\/>(\"bps\")<\/b><\/p><\/td><td class=\"bwwidth14 bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth40 bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted EBITDA Margin % <\/b><sup>[2]<\/sup><\/p><\/td><td class=\"bwwidth15 bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwwidth15 bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwwidth13 bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwwidth14 bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<\/tr>\n<tr>\n<td class=\"bwwidth40 bwvertalignb bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFarm<\/p><\/td><td class=\"bwwidth15 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n18.5%<\/p><\/td><td class=\"bwwidth15 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n20.2%<\/p><\/td><td class=\"bwwidth13 bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(162) bps<\/p><\/td><td class=\"bwwidth14 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(8%)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth40 bwvertalignb bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCommercial<\/p><\/td><td class=\"bwwidth15 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7.6%<\/p><\/td><td class=\"bwwidth15 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n12.8%<\/p><\/td><td class=\"bwwidth13 bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(522) bps<\/p><\/td><td class=\"bwwidth14 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(41%)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth40 bwvertalignb bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOther <sup>[3]<\/sup><\/p><\/td><td class=\"bwwidth15 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(2.6%)<\/p><\/td><td class=\"bwwidth15 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(4.3%)<\/p><\/td><td class=\"bwwidth13 bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n173 bps<\/p><\/td><td class=\"bwwidth14 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\nN\/A<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth40 bwvertalignb bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Consolidated<\/b><\/p><\/td><td class=\"bwwidth15 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n8.9%<\/p><\/td><td class=\"bwwidth15 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n10.9%<\/p><\/td><td class=\"bwwidth13 bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(197) bps<\/p><\/td><td class=\"bwwidth14 bwvertalignb bwpadl0 bwpadr0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(18%)<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Revenue by Geography <sup>[1]<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"4\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Three-month ended March 31<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n[thousands of dollars except percentages]<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwwidth40 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCanada<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n55,222<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n34,827<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n20,395<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n59%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwwidth40 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nU.S.<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n84,489<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n107,385<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(22,896)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(21%)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwwidth40 bwpadl3\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nInternational<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n142,456<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n144,534<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(2,078)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(1%)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Total Revenue<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>282,167<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>286,746<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(4,579)<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(2%)<\/b><\/p><\/td><\/tr>\n<\/table><p>\n<b>Order Book<\/b><\/p><p>\nThe following table presents YOY changes in the Company\u2019s order book<sup>[1]<\/sup> as at March 31, 2026:<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwrowaltcolor0 bwpadl0\" colspan=\"4\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>As at March 31<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n[thousands of dollars except percentages]<\/p><\/td><td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignt bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><td class=\"bwvertalignt bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Change<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignt bwsinglebottom bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>%<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Order book<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n588,900<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n724,543<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(135,643)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(19%)<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwalignl bwvertalignt bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[1]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSupplementary financial measure. See \"Non-IFRS and Other Financial Measures\".<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwalignl bwvertalignt bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[2]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNon-IFRS financial measure or non-IFRS ratio. See \"Non-IFRS and Other Financial Measures\".<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwalignl bwvertalignt bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[3]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncluded in Other is the corporate office, which is not a reportable segment, and which provides finance, treasury, legal, human resources and other administrative support to the segments and geographical regions, as applicable. The Adjusted EBITDA Margin % for Other is calculated based on total revenue since it does not generate revenue without the segments.<\/p><\/td><\/tr>\n<\/table><p>\n<b>First Quarter Farm Segment Summary\n<br\/><\/b>Farm segment results improved YOY, with revenue up 7% to $102 million, as tariff-driven pre\u2011shipments into the U.S. in the prior-year period created an unusually weak comparable for Canada Farm and an unusually strong comparable for U.S. Farm. Accordingly, first quarter results, particularly in Canada, should not be viewed as evidence of a broad-based recovery in underlying demand. Overall, Farm segment revenue grew 10% across North America as a whole, which we view as an encouraging directional move regardless of the geographic split. Adjusted EBITDA was flat YOY, with margins compressing to 18.5% from 20.2% primarily due to a higher mix of lower\u2011margin storage equipment, partially offset by cost-saving initiatives.<\/p><p>\n<b>First Quarter Commercial Segment Summary\n<br\/><\/b>Commercial segment revenue declined 6% year over year to $180 million, as soft conditions in North America persisted and international results were broadly flat with mixed regional performance. Brazil revenue increased as legacy large\u2011scale projects continued, while EMEA declined on a tough prior\u2011year comparison, and India faced pressure from the Iranian conflict, excess rice inventories, and policy uncertainty. Adjusted EBITDA fell from $24.5 million to $13.6 million, with margins compressing YOY from 12.8% to 7.6%, driven primarily by lower permanent material handling volumes in North America and market\u2011driven volume softness in India.<\/p><p>\n<b>MD&amp;A and Financial Statements\n<br\/><\/b>AGI's unaudited consolidated financial statements for the three-month ended March 31, 2026 (\"consolidated financial statements\") and management\u2019s discussion and analysis (the \u201cMD&amp;A\u201d) can be obtained electronically on SEDAR+ (<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedarplus.ca&amp;esheet=54530518&amp;newsitemid=20260506729595&amp;lan=en-US&amp;anchor=www.sedarplus.ca&amp;index=1&amp;md5=0d63ef7489cc14143c7905115ea56797\" rel=\"nofollow\" shape=\"rect\">www.sedarplus.ca<\/a>) and on AGI's website (<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.aggrowth.com&amp;esheet=54530518&amp;newsitemid=20260506729595&amp;lan=en-US&amp;anchor=www.aggrowth.com&amp;index=2&amp;md5=560151e8a3e481b37caf5014413827be\" rel=\"nofollow\" shape=\"rect\">www.aggrowth.com<\/a>).<\/p><p>\n<b>Conference Call\n<br\/><\/b>AGI will hold a conference call on Thursday, May 7, 2026, at 8:00am ET to discuss its results for the three months ending March 31, 2026. To attend the event, please join using the <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fevent.choruscall.com%2Fmediaframe%2Fwebcast.html%3Fwebcastid%3DtwGPixFA&amp;esheet=54530518&amp;newsitemid=20260506729595&amp;lan=en-US&amp;anchor=AGI+First+Quarter+Results+webcast+link&amp;index=3&amp;md5=9c4eca6042e38cfd528e0335e31b7f09\" rel=\"nofollow\" shape=\"rect\">AGI First Quarter Results webcast link<\/a>. Alternatively, participants can dial-in using +1-833-821-0159 if calling from Canada or the U.S. and +1-647-846-2271 internationally.<\/p><p>\nA replay of the webcast will be made available on AGI\u2019s website. In addition, an audio replay of the call will be available for seven days. To access the audio replay, please dial +1-855-669-9658 if calling from Canada or the U.S. and +1-412-317-0088 internationally. Please enter access code 5277759# for the audio replay.<\/p><p>\n<b>AGI Company Profile\n<br\/><\/b>AGI is a provider of the equipment and solutions required to support the efficient storage, transport, and processing of food globally. AGI has manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy and distributes its product worldwide.<\/p><p>\nFurther information can be found in the disclosure documents filed by AGI with the securities regulatory authorities, available at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedarplus.ca&amp;esheet=54530518&amp;newsitemid=20260506729595&amp;lan=en-US&amp;anchor=www.sedarplus.ca&amp;index=4&amp;md5=17a1b9fb47931db2d8186761b72a73e0\" rel=\"nofollow\" shape=\"rect\">www.sedarplus.ca<\/a> and on AGI's website <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.aggrowth.com&amp;esheet=54530518&amp;newsitemid=20260506729595&amp;lan=en-US&amp;anchor=www.aggrowth.com&amp;index=5&amp;md5=8e14fdbf84ea1c6c78eed524fc7f4da5\" rel=\"nofollow\" shape=\"rect\">www.aggrowth.com<\/a>.<\/p><p>\n<b>NON-IFRS AND OTHER FINANCIAL MEASURES\n<br\/><\/b>This press release makes reference to certain specified financial measures, including non-IFRS financial measures, non-IFRS ratios and supplementary financial measures. Management uses these financial measures for purposes of comparison to prior periods and development of future projections and earnings growth prospects. This information is also used by management to measure the profitability of ongoing operations and in analyzing our business performance and trends. These specified financial measures are not recognized measures under International Financial Reporting Standards (\u201cIFRS\u201d), do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement our financial information reported under IFRS by providing further understanding of our results of operations from management\u2019s perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS.<\/p><p>\nWe use non-IFRS financial measures, non-IFRS ratios and supplementary financial measures to provide supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures. Management also uses non-IFRS financial measures, non-IFRS ratios and supplementary financial measures in order to prepare annual operating budgets and to determine components of management compensation. We strongly encourage investors to review our consolidated financial statements and publicly filed reports in their entirety and not to rely on any single financial measure or ratio.<\/p><p>\nWe use these specified financial measures in addition to, and in conjunction with, results presented in accordance with IFRS. These specified financial measures reflect an additional way of viewing aspects of our operations that, when viewed with our IFRS results and, in the case of non-IFRS financial measures, the accompanying reconciliations to the most directly comparable IFRS financial measures, may provide a more complete understanding of factors and trends affecting our business.<\/p><p>\nIn this press release, we discuss the specified financial measures, including the reasons that we believe that these measures provide useful information regarding our financial condition, results of operations, cash flows and financial position, as applicable, and, to the extent material, the additional purposes, if any, for which these measures are used. Reconciliations of non-IFRS financial measures to the most directly comparable IFRS financial measures are contained in this press release.<\/p><p>\nThe following is a list of non-IFRS financial measures, non-IFRS ratios and supplementary financial measures that are referenced throughout this press release:<\/p><p>\n\u201cAdjusted EBITDA\u201d is defined as profit (loss) before income taxes before finance costs, depreciation and amortization, share of associate\u2019s net income (loss), gain or loss on foreign exchange, non-cash share-based compensation expenses (recovery), net gain or loss on financial instruments, transaction, transitional and other costs (recovery), Enterprise Resource Planning system transformation costs, net gain or loss on sale of long-lived assets, foreign exchange reclassification on disposal of foreign operation, accounts receivable reserve (recovery) for the conflict between Russia and Ukraine, and impairment charge (recovery). Adjusted EBITDA is a non-IFRS financial measure and its most directly comparable financial measure that is disclosed in our consolidated financial statements is profit (loss) before income taxes. Management believes Adjusted EBITDA is a useful measure to assess the performance and cash flow of the Company as it excludes the effects of interest, taxes, depreciation, amortization and expenses that management believes are not reflective of the Company\u2019s underlying business performance. Management cautions investors that Adjusted EBITDA should not replace profit or loss as indicators of performance, or cash flows from operating, investing, and financing activities as a measure of the Company\u2019s liquidity and cash flows. See \u201cProfit (loss) before income taxes and Adjusted EBITDA\u201d and \u201cProfit (loss) before income taxes and Adjusted EBITDA by Operating Segment\u201d below for the reconciliation of Adjusted EBITDA to profit (loss) before income taxes for the relevant periods.<\/p><p>\n\u201cAdjusted EBITDA Margin %\u201d is defined as Adjusted EBITDA divided by revenue. Adjusted EBITDA Margin % is a non-IFRS ratio because one of its components, Adjusted EBITDA, is a non-IFRS financial measure. Management believes Adjusted EBITDA Margin % is a useful measure to assess the performance and cash flow of the Company.<\/p><p>\n\u201cOrder book\u201d is defined as the total value of committed sales orders that have not yet been fulfilled that: (a) have a high certainty of being performed as a result of the existence of a purchase order, an executed contract or work order specifying job scope, value and timing; or (b) has been awarded to the Company or its divisions, as evidenced by an executed binding letter of intent or agreement, describing the general job scope, value and timing of such work, and where the finalization of a formal contract in respect of such work is reasonably assured. Order book is a supplementary financial measure.<\/p><p>\n\u201cRevenue by Operating Segment\u201d and \u201cRevenue by Geography\u201d: The revenue information presented under \u201cRevenue by Operating Segment\u201d and \u201cRevenue by Geography\u201d are supplementary financial measures used to present the Company\u2019s revenue by segment and geography.<\/p><p>\n\u201cNet Debt Leverage Ratio\u201d is a non-IFRS ratio and is defined as net debt divided by Adjusted EBITDA for the last twelve-month (\u201cLTM\u201d) period. Net debt leverage ratio is a non-IFRS ratio because its components, net debt and Adjusted EBITDA, are non-IFRS financial measures. Management believes net debt leverage ratio is a useful measure to assess AGI\u2019s leverage position.<\/p><p>\n\u201cNet Debt\u201d is a non-IFRS financial measure and its most directly comparable financial measure that is disclosed in our consolidated financial statements is long-term debt. Net debt is defined as the sum of long-term debt, convertible unsecured subordinated debentures, senior unsecured subordinated debentures, and lease liabilities less cash and cash equivalents. Management believes that net debt is a useful measure to evaluate AGI\u2019s capital structure and to provide a measurement of AGI\u2019s total indebtedness. See \u201cNet Debt\u201d below for a reconciliation of long-term debt to net debt for the relevant periods.<\/p><p>\n<b>Profit (loss) before income taxes and Adjusted EBITDA<\/b><\/p><p>\nThe following tables reconcile profit (loss) before income taxes to Adjusted EBITDA for the three-month periods ended March 31, 2026 and 2025, the LTM periods ended March 31, 2026 and 2025 and years ended December 31, 2025 and 2024.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"2\"><p class=\"bwalignr bwcellpmargin\">\n<b>Three-month ended March 31<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n[thousands of dollars]<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2025<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Loss before income taxes<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(43,626)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(16,571)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFinance costs<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n18,208<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n16,593<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDepreciation and amortization<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n16,144<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n17,259<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare of associate's net loss <sup>[1]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,272<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n142<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nLoss (gain) on foreign exchange <sup>[2]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3,761<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(1,193)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare-based compensation expense (recovery) <sup>[3]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(4,381)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,002<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet loss on financial instruments <sup>[4]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,775<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n6,607<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTransaction, transitional and other costs <sup>[5]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,752<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3,717<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nERP system transformation costs <sup>[6]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n8,652<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,797<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet loss (gain) on sale of long-lived assets <sup>[7]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,260<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(8)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nImpairment charge (recovery)<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n10,383<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(80)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted EBITDA <sup>[8]<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>25,200<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>31,265<\/b><\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[1]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSee \u201cNote 6 \u2013 Brazil operations\u201d in our consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[2]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSee \u201cNote 12[e] \u2013 Finance expense (income)\u201d in our consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[3]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nThe Company\u2019s share-based compensation expense pertains to our equity incentive award plan (\u201cEIAP\u201d) and directors\u2019 deferred compensation plan (\u201cDDCP\u201d). See \u201cNote 11 \u2013 Share-based compensation plans\u201d in our consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[4]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSee \u201cEquity swap\u201d in our consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[5]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncludes legal and advisory fees, legal provision, transitional costs related to reorganizations, other acquisition related transition costs, and accretion and other movement in amounts due to vendors.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[6]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nExpenses incurred in connection with a global multi-year ERP transformation project, which was terminated in the first quarter of 2026.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[7]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncludes gain\/loss on sale of property, plant, and equipment, assets held for sale, and settlement of lease liabilities.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[8]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nThis is a non-IFRS measure and is used throughout this press release. See \u201cNON-IFRS AND OTHER FINANCIAL MEASURES\u201d for more information on each non-IFRS measure.<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"2\"><p class=\"bwalignr bwcellpmargin\">\n<b>Last Twelve-months ended March 31<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n[thousands of dollars]<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2026<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2025<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Loss before income taxes<\/b><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(28,904)<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(25,746)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFinance costs<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n72,518<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n67,884<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDepreciation and amortization<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n71,696<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n70,912<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare of associate\u2019s net loss <sup>[1]<\/sup><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n11,031<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n33<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nLoss (gain) on foreign exchange <sup>[2]<\/sup><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(4,920)<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n36,201<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare-based compensation <sup>[3]<\/sup><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,035<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n11,344<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet loss on financial instruments <sup>[4]<\/sup><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,757<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n10,611<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTransaction, transitional and other costs <sup>[5]<\/sup><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n31,308<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n55,415<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nERP system transformation costs <sup>[6]<\/sup><\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n21,489<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignb bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n15,943<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet loss on sale of long-lived assets <sup>[7]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n418<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n221<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nForeign exchange reclassification on disposal of foreign operation<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n4,865<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n307<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nImpairment charge <sup>[8]<\/sup><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n10,486<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,864<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted EBITDA <sup>[9]<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>198,779<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>245,989<\/b><\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[1]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSee \u201cBrazil Investments\u201d in our consolidated financial statements and our audited annual financial statements for the years ended December 31, 2025 and 2024 (the \u201c2025 consolidated financial statements\u201d and \u201c2024 consolidated financial statements\u201d).<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[2]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSee \u201cFinance expenses (income)\u201d in our consolidated financial statements, 2025 and 2024 consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[3]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nThe Company\u2019s share-based compensation expense pertains to our EIAP and DDCP. See \u201cShare-based compensation plans\u201d in our consolidated financial statements, 2025 and 2024 consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[4]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSee \u201cEquity swap\u201d in our consolidated financial statements, 2025 and 2024 consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[5]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncludes legal and advisory fees, legal provision, transitional costs related to reorganizations, and other acquisition related transition costs as well as the accretion and other movement in amounts due to vendors.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[6]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nExpenses incurred in connection with a global multi-year ERP transformation project, which was terminated in the first quarter of 2026.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[7]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncludes gain\/loss on sale of property, plant, and equipment, assets held for sale, and settlement of lease liabilities. See \u201cProperty, plant and equipment\u201d and \u201cAssets held for sale\u201d in our consolidated financial statements, 2025 and 2024 consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[8]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSee \u201cImpairment charge\u201d in our consolidated financial statements, 2025 and 2024 consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[9]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nThis is a non-IFRS measure and is used throughout this press release. See \u201cNON-IFRS AND OTHER FINANCIAL MEASURES\u201d for more information on each non-IFRS measure.<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"2\"><p class=\"bwalignr bwcellpmargin\">\n<b>Year-ended December 31<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n[thousands of dollars]<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2025<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2024<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Loss before income taxes<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(1,849)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(5,326)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFinance costs<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n70,903<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n70,242<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDepreciation and amortization<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n72,811<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n70,798<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare of associate's net loss (income) <sup>[1]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,901<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(109)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nLoss (gain) on foreign exchange <sup>[2]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(9,874)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n42,812<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare-based compensation <sup>[3]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,418<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n13,758<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet loss (gain) on financial instruments <sup>[4]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n12,589<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(3,812)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTransaction, transitional and other costs <sup>[5]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n27,273<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n56,148<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nERP system transformation costs <sup>[6]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n15,634<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n17,271<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nLoss on disposal of operation<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n4,865<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n307<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet loss (gain) on sale of long-lived assets <sup>[7]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(850)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n23<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAccounts receivable recovery for RUK<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(268)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nImpairment charge<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n23<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,944<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted EBITDA <sup>[8]<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>204,844<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>264,788<\/b><\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[1]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSee \u201cNote 6 \u2013 Brazil operations\u201d in our 2025 consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[2]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSee \u201cNote 23[e] \u2013 Finance expense (income)\u201d in our 2025 consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[3]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nThe Company\u2019s share-based compensation expense pertains to our equity incentive award plan (\u201cEIAP\u201d) and directors\u2019 deferred compensation plan (\u201cDDCP\u201d). See \u201cNote 22 \u2013 Share-based compensation plans\u201d in our 2025 consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[4]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nSee \u201cEquity swap\u201d in our 2025 consolidated financial statements.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[5]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncludes legal and advisory fees, legal provision, transitional costs related to reorganizations, profit-sharing costs associated with certain existing large-scale comprehensive projects in Brazil, other acquisition related transition costs, and accretion and other movement in amounts due to vendors.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[6]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nExpenses incurred in connection with a global multi-year ERP transformation project, which was terminated in the first quarter of 2026.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[7]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncludes gain\/loss on sale of property, plant, and equipment, assets held for sale, and settlement of lease liabilities.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth2 bwalignl bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n[8]<\/p><\/td><td class=\"bwvertalignt bwpadl0 bwwidth98\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nThis is a non-IFRS measure and is used throughout this press release. See \u201cNON-IFRS AND OTHER FINANCIAL MEASURES\u201d for more information on each non-IFRS measure.<\/p><\/td><\/tr>\n<\/table><p>\n<b>Profit (loss) before income taxes and Adjusted EBITDA by Operating Segment<\/b><\/p><p>\nThe following tables reconcile profit (loss) before income taxes to Adjusted EBITDA by operating segment for the applicable periods.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"4\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Three-month ended March 31, 2026<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n[thousands of dollars]<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Farm<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Commercial<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Other <\/b><sup>[10]<\/sup><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Total<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Profit (loss) before income taxes<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n11,732<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(5,679)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(49,679)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(43,626)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFinance costs<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n18,208<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>18,208<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDepreciation and amortization <sup>[1]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n6,650<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,677<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,817<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>16,144<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare of associate's net loss <sup>[2]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,272<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>5,272<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nLoss on foreign exchange <sup>[3]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3,761<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>3,761<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare-based compensation recovery <sup>[4]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(4,381)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(4,381)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet loss on financial instruments <sup>[5]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,775<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1,775<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTransaction, transitional and other costs <sup>[6]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n354<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,398<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>7,752<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nERP system transformation costs <sup>[7]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n8,652<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>8,652<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet loss (gain) on sale of long-lived assets <sup>[1] [8]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(28)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,293<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(5)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>1,260<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nImpairment charge<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n213<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,043<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,127<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>10,383<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted EBITDA <sup>[9]<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>18,921<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>13,606<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(7,327)<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>25,200<\/b><\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"4\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Three-month ended March 31, 2025<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n[thousands of dollars]<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Farm<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Commercial<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Other <\/b><sup>[10]<\/sup><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>Total<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>$<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Profit (loss) before income taxes<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n10,555<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n16,492<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(43,618)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(16,571)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFinance costs<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n16,593<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>16,593<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDepreciation and amortization <sup>[1]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,506<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,865<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,888<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>17,259<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare of associate's net loss <sup>[2]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n142<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>142<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nGain on foreign exchange <sup>[3]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(1,193)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(1,193)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nShare-based compensation expense <sup>[4]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,002<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2,002<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet loss on financial instruments <sup>[5]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n6,607<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>6,607<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTransaction, transitional and other costs <sup>[6]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,179<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,538<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>3,717<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nERP system transformation costs <sup>[7]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,797<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>2,797<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet loss (gain) on sale of long-lived assets <sup>[1] [8]<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n17<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(13)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(12)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(8)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nImpairment recovery<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(80)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u2014<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(80)<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth40\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Adjusted EBITDA <sup>[9]<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>19,177<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>24,486<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>(12,398)<\/b><\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth15\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n<b>31,265<\/b><\/p><\/td><\/tr>\n<\/table><br\/> <b>Contacts<\/b> <br\/><p>\n<b>For More Information Contact:<\/b><br\/>Andrew Jacklin\n<br\/>Sr. Director, Investor Relations\n<br\/>+1-437-335-1630\n<br\/><a  href=\"mailto:investor-relations@aggrowth.com\" rel=\"nofollow\" shape=\"rect\">investor-relations@aggrowth.com<\/a><\/p><br\/> <a href=\"http:\/\/www.businesswire.com\/news\/home\/20260506729595\/en\/AGI-Announces-First-Quarter-2026-Results-Progress-On-Brazilian-Accounts-Receivable-Monetization\/?feedref=Zd8jjkgYuzBwDixoAdXmJgT1albrG1Eq4mAeVP39212bri8lIe-zl5tWvCOnRHW3evRMp3sIgu8q3wq1OF24lT93qbEzrwa15HGbLqMObxY5fjCLYi_If30KxIsYuhwbuLAuCkn8FS6sh-I3dfDZEg==\"> Read full story here <\/a>","protected":false},"excerpt":{"rendered":"<p>WINNIPEG, Manitoba&#8211;(BUSINESS WIRE)&#8211;Ag Growth International Inc. (TSX: AFN) (\u201cAGI\u201d, the \u201cCompany\u201d, \u201cwe\u201d, or \u201cour\u201d) today announced its financial results for the three-month period ending March 31, 2026.<br \/>\nFirst Quarter 2026 Highlights<\/p>\n<p>Revenue of $282 m&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1966","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/1966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1966"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/1966\/revisions"}],"predecessor-version":[{"id":1967,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/1966\/revisions\/1967"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}