Ceres Global Ag Corp. (T:CRP)
Business Focus: Fishing & Farming Wholesale
| Sector: Consumer Non-Cyclicals | Industry: Fishing & Farming |
| Company Contact | |
| Address: | 701 Xenia Ave S, Suite 400 GOLDEN VALLEY MN 55416 |
| Tel: | N/A |
| Website: | https://ceresglobalagcorp.com |
| IR: | See website |
| Key People | ||
| James T. Vanasek Chairman of the Board | Carlos Paz President, Chief Executive Officer, Director | Blake Amundson Chief Financial Officer, Vice President |
| Jennifer Henderson Chief Compliance Officer, Vice President, General Counsel, Company Secretary | James Mowbray Vice President, Director of Operations | Holly Dammer Vice President - Human Resources and Corporate Administration |
| Business Overview |
| Ceres Global Ag Corp. is a global agricultural, energy and industrial products merchandising and supply chain company. The Company and its subsidiaries serve agricultural, energy and industrial supply chains through sourcing, storing, transporting and marketing of agricultural commodities, value-added products and raw materials. Its segments include Grain, Supply Chain Services, and Seed and Processing. Its Grain segment is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes its facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed and Processing segment is engaged in soybean crush, and seed distribution in western Canada. It operates approximately 11 locations in Saskatchewan, Manitoba, Ontario, and Minnesota. |
| Financial Overview |
| For the six months ended 31 December 2023, Ceres Global Ag Corp. revenues decreased 8% to $498.2M. Net income totaled $8.9M vs. loss of $4.9M. Revenues reflect Grain segment decrease of 10% to $461.6M. Net Income reflects Grain segment income increase from $6.2M to $16.1M, Seed and Processing segment income totaling $3.1M vs. loss of $1.1M, Supply Chain Services segment income totaling $584K vs. loss of $52K. |
| Employees: | 169 as of Jun 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $171.82M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,355M as of Dec 31, 2023 |
| EBITDA (TTM): | $24.08M as of Dec 31, 2023 |
| Net annual income (TTM): | $7.95M as of Dec 31, 2023 |
| Free cash flow (TTM): | $8.66M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $113.09M as of Dec 31, 2023 |
| Shares outstanding: | 31,094,144 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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