Lavoro Ltd
LVROF, LVRWF · Retail-Miscellaneous Retail · EDGAR filings ↗
Grade
D47Latin American ag-inputs retailer in active extrajudicial restructuring with deep losses and negative EBITDA.
Strengths
- Strong cash position $165.7M (94th pct) and modestly positive FCF
- Net income growth (90.5th pct) off a low base; leading Brazilian agribusiness distribution footprint
Risks
- Loss for year R$2.88bn with negative Adjusted EBITDA (-7.3%), Net Debt/EBITDA -3.5x, ROE -57.8%, revenue -11%
- Extrajudicial reorganization plan in Brazil, impairment charges, FX/commodity cyclicality, 86% insider control
Notable findings
- No interest coverageInterest coverage 0.01 (cannot cover interest)
- Net lossNet loss (net margin -8.4%)
- Weak liquidityCurrent ratio 0.98 (<1)
- Strong balance sheetStrong balance sheet — $166M cash & investments
- Revenue declineRevenue -11.2% YoY
Key metrics
Gross margin
14.2%
Operating margin
0.1%
Net margin
-8.4%
Return on equity
-57.8%
Return on assets
-9.4%
ROIC
0.4%
Revenue growth (QoQ)
-11.2%
Debt / equity
0.9×
Interest coverage
0.0×
Current ratio
1.0×
Free cash flow
$9M
Tangible book value
$247M
Cash & investments
$166M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-12-30 | 2025-06-30 | 0001554855-25-002351 ↗ |
| 20-F | 2024-10-31 | 2024-06-30 | 0001945711-24-000044 ↗ |
| 20-F | 2023-11-01 | 2023-06-30 | 0001945711-23-000004 ↗ |
| 20-F | 2023-03-06 | 2023-02-28 | 0001104659-23-029074 ↗ |