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ADAMA ADAMA Reports Results of Third Quarter and First Nine Months of 2021 Strong Q3 and 9M sales growth driven by continued robust volume increase ; profits impacted by continued margin pressure Third Quarter 2021 Highlights ■ ■ Sales up 17 % to a Q3 record - high of $ 1,147 million ( RMB : + 10 % ) , driven by robust 14 % volume growth Adjusted EBITDA lower by 11 % , reaching $ 122 million ( RMB : -17 % ) Reported net income of - $ 57 million ; Adjusted net income of - $ 30 million First Nine Months 2021 Highlights ■ ■ Sales up 16 % to a 9M record - high of $ 3,476 million ( RMB : + 8 % ) , with volumes up 14 % Adjusted EBITDA up 1 % , reaching $ 464 million ( RMB : -7 % ) Reported net income of - $ 1 million ; Adjusted net income of $ 85 million BEIJING , CHINA and TEL AVIV , ISRAEL , October 27 , 2021 - ADAMA Ltd. ( the " Company " ) ( SZSE 000553 ) , today reported its financial results for the third quarter and nine - month period ended September 30 , 2021 . Ignacio Dominguez , President and CEO of ADAMA , said , " The third quarter was a challenging one for the global crop protection industry , including our company . While our sales continue to grow strongly , supported by continued high crop prices and robust farmer demand for our products , we are facing significant challenges on the cost and supply side . Global logistics and supply lines remain severely constrained , exacerbating the already stretched supply situation in many key products , further driving up raw material and intermediate procurement costs . These market imbalances continue to weigh on our profit margins , as the ever - competitive global market is proving slow to pass on the increased costs through price rises . Despite the challenges , our company is continuing to grow , raise prices , improve our portfolio and the quality of our business , and keep a tight rein on expenses , as we navigate through this volatile and uncertain time . " 1