Total Revenue

2% decline (from USD 2.718 billion in Q1 2024 to USD 2.659 billion in Q1 2025)

A slight revenue decrease reflects a modest downturn in overall sales despite Agribusiness contributing 75% of the revenue at USD 1.993 billion; the change suggests minor shifts in customer demand or market conditions compared to Q1 2024. " "

Gross Profit

19% increase (from USD 128.320 million in Q1 2024 to USD 152.872 million in Q1 2025)

Gross profit improved significantly, indicating better margin performance possibly due to improved cost management or a favorable product mix in key segments, even though total revenue saw a slight decline; this improvement might reflect operational efficiencies gained since Q1 2024. " "

Net Income

Approximately -57% (from USD 12,665 thousand in Q1 2024 to USD 5,331 thousand in Q1 2025)

Net income dropped dramatically despite higher gross profit, primarily due to increased operating expenses and a surge in interest expense, which more than offset margin gains observed in Q1 2024. " "

Interest Expense

Increased by over 100% (from USD 6,522 thousand in Q1 2024 to USD 13,096 thousand in Q1 2025)

Interest expense more than doubled, reflecting potential higher borrowing costs or increased debt levels; this significant rise contrasts sharply with the previous period’s lower costs, contributing directly to the decline in net income. " "

Diluted Earnings Per Share (EPS)

Dropped from USD 0.16 in Q1 2024 to USD 0.01 in Q1 2025

EPS fell sharply, which mirrors the net income decline; the reduced earnings per share is a direct consequence of the lower net income combined with the increased interest expense and possibly higher operating costs compared to Q1 2024. " "