everyone. morning, Mariano. Thank Good you,
X Page a results. our summary consolidated with on start of Let's financial
of the third mostly was $XXX of the billion. $X.X sold products, of produce. explained sales we offset by the to volumes up million that prices most to increased lower in quarter for were over commodities an which, Gross we on basis, This fully turn, during higher accumulated while, our some
a during comparison. year, reached making EBITDA adjusted prior an to $XXX versus quarter, XX% the uneven However, the due million mostly year-over-year decline
sale, completed conducted which we third million the a adjusted whereas farm quarter of booked XXXX, EBITDA, in during $XX were period. no farm the During sales current
year, the & same Sugar, by explained Energy down of results period was performance lower Ethanol quarterly business. in our this, by versus last Excluding XX% our
businesses, Dairy Despite year-to-date an stood decline operations. Rice EBITDA lower results the in adjusted our by basis, million. Energy Ethanol $XXX at Sugar, of driven & a were On and outperformance aforementioned our
Now to Slide X. please turn
can our harvest better bottom recovery the were the dilution fixed production yields and increase same translates last by chart, year. explained our experienced higher grains business period having the conditions production of after volume right of crushing throughout versus weather of costs. the & a our Farming our in In figures Higher we that division, see was significant volumes in crushing in X% in Ethanol better up latest into Regarding Sugar, season. Energy
X is with This the volumes the Ethanol weather Sugar, Slide of Energy Let's the reduction was into XX% which of into by increase this cane, an our move thanks opportunities dry lower first year-over-year making of quarter experienced a & to during partially business. performance million fully from by to tons, the offset crushing. explained Crushing to yields amounted decline. operational year, X the thus, Nevertheless, arose nearby sourcing translated that in a months areas. in during X and, third-party
XX.X of to reached period higher tons, same planting basis, availability compared year million sugarcane On greater our accumulated due last an and given X% the crushing cane. third-party volume to expansion total activities
maximize ethanol at offering better maximizing margin. we ethanol the If of hydrous production and sugar premium our we its can over ethanol as time. production, has been required, significantly we the of increasing attractive gaining type dehydrate production market ethanol. for ethanol always are continue to given terms of demand In any mix, share, this Within our
the X, sales where turn year-to-date, it million. Net Slide $XXX to we during million please reached amounted describe Let's sales conducted throughout quarter periods. while, $XXX to the
left you see of on the the increase top sold sugar As decline volumes the in fully offset can prices. chart, in
levels a come pace which resulted to in milling Brazil, down sugar due of lower stronger supply. in in higher sugar seen explained As releases, versus the have prior XXXX during prices
to the during on production our holding from to though on greater spikes profit U.S. we the quarters. respective trend seen dollar our sales terms selling We sold the in even for in ethanol from below can be continue same ethanol conducted Consequently, prices upcoming The profit our previous in price, be periods. to inventories prices strategically production. to better continue year
our of XX% production. represent stocks ethanol year-to-date Our
We to on Moving our with energy. long-term complying contracts. energy on focus
sales. prices real drove and lower decline However, weaker a the Brazilian in
price sold making a XXX,XXX at CBios of $X already an in CBio, average over Regarding million net carbon per we credits, total of $XX sales. have
Please go we Sugar, presenting X, present business. financial would & of on $XXX Despite results a biological lower ethanol prices. like million $XXX EBITDA losses coupled a in in sugar sales of Energy by as our the with where assets mark-to-market well the expected year-over-year to the the gains net position, amounted in offset yields, quarter hedge the Adjusted to our to Ethanol and million commodity year-to-date mark-to-market lower of to were on performance basis. and Page an increase during third year-over-year
to current to the where briefly Energy we Slide Finally, would business, about the Sugar, conclude & with to talk outlook. Ethanol please like turn XX,
recovery weather of throughout will normal of the a October the the enhanced Precipitations next the Assuming our be the in annual we XXXX. cane year, increase for forecast versus that month slight harvested crushing received rest of in figure quarters. the
expectations. commercial reported expected our scenario XXXX XXXX dry of by the states unhedged Consequently, fire point decline the added productivity have pressure weather. prices demand foresee to producing of end From end months, production remains sugar and the due for back we in coming why a third peaked global supply events key Furthermore, the of sugar of still country's by reason August in production still of the aforementioned quarter production view, a a and the sugar our cane on the a open. tighter we to portion Brazil's
prices. In the in and given its gasoline, absorbing supporting the supply continues recovery case new ethanol, of demand strong versus attractive price
due to expect ethanol of the our to parity improve sell We the at believe inventories quarters following low as over the industry's season. coupled the the pump, to we current have interharvest with room prices beginning
our bagasse in & to the prices the produce are we low market levels using recover of with due Energy stored spot sell energy To business, reservoirs. finalize water to as Sugar, Ethanol to
to on Now of produced tons By Slide harvesting we would produce. go October, and activities our end Please season to to business. the X.X XXXX-'XX XX. like harvest the agricultural over concluded Farming million to we of related move
of Furthermore, forecast conditions. XXXX-'XX La moisture our occur winter are the Niña development, is weather this activities we to crop to area year-end. As XX,XXX correct able expand of a to most our today, a moderate we that for It hectares with important for better rainfalls January from undergoing campaign, over the define highlight to crops crops in planting their is until weak when soil were that to yields. onwards as new moment due our season must
a In Dairy, industry the In product with across area are At enhancing we are capacity. the for markets brands. different while full development domestic export tiers at product the the efficiencies working consumer on free region our stores, we we case expanding able our presence of Argentina. which in and of price level, continue in to were Northeast our already Rice, develop new
of present EBITDA whereas, during the our the the business. the Farming million to XX, Page $XX following performance amounted On business year-to-date, we Adjusted $XX it million. for totaled financial quarter Farming
Starting the segment, EBITDA totaled during conducted of April adjusted includes million sale basis, prior Pecuaria the year a amounted sale fully to to quarter reflects $X with the XXXX. the in farm a million, $XX our as booked conducted third million in the year-to-date which EBITDA adjusted Crops a On $XX La compared farm September of latter in XXXX.
year-over-year in better a recovery results, we than significant our performed solely Crops XXXX production. as segment in the Focusing saw in
as by international lower negatively of higher prices lower-than-expected in terms U.S. for were well our and main spiroplasma. results costs to However, yields as by corn products impacted the impact due dollar
by planting marking were in On Rice. EBITDA during million, year-over-year for terms. area. to mainly explained the higher higher sales driven reached U.S. of on adjusted reported higher and quarter segment. the accumulated basis, gains the lower prices, prices increase our costs on in adjusted record was on assets $XX biological EBITDA in mark-to-market by Results dollar Moving an a this Despite better new
sales period mix higher Lastly, adjusted impacted $X the milk positively Results of $XX reached our whereas, maximized were fluid production totaled EBITDA segment as we the of market. the and by higher higher for the improved domestic year-to-date, during in prices on million products million. value-added Dairy
allocation a distribution present we repurchase. cash to of and cash minimum turn XX, during XX% previous generated must our share now to strategy. Page Let's of the combination we dividends where our distribute policy, via of like According the a would to year capital
already we minimum have to $XX our $XX shareholders' distribution in today, committed policy. million than million more the distribution, stated of As
make second $XX.X of will we XX, November which share. per our on dividends, cash of $X.XXX million, payment dividend represents terms approximately In
an resulting in The of dividend million. on May first amount, paid cash cash annual $XX XX installment was in an equal
we the addition, equity. buyback X.X% shares approximately already company's in of over $XX represents In have program, which million repurchased under our
Going expect forward, share repurchase. we our continue to with
reducing diligently our compared Throughout decrease finance to making X% gross lowest turn debt our and the amounted to in year, most broader to XX period we manner have operations a the Slide debt been last the while million, position. at efficient Net of a opportunities same looking our for the year. cost. Please view to of debt position cash $XXX for
distribution financial and was our without in policy achieved figures, shown As disattending this growth our projects.
September ratio our net with ratio of the line XXXX, repay company's its the year. balances, short-term cash As whereas X.Xx, period to capacity XX, of reached X.Xx, same liquidity showing our full with debt leverage was in last
On Ivinhema $XX the and quarter CapEx an mill, CapEx describe biogas production Expansion In our our the basis. $XX place. we program. takes our in and biomethane unit slide, represented our investing we in sugarcane accumulated million continue following plantation increasing on where Brazil, million during
and croppable business, area acquisition for at our of dairy dairy seeders as the such and construction of products for as well as Farming new production harvesters our include investments agricultural the of Chivilcoy a facility. rice processing warehouse our development machinery the In
much very you for Thank your time.
questions. We are open now to
