Revenue distribution by sectors:

• Agricultural trade: approx. 55%
• Ethanol production: approx. 25%
• Plant nutrients: approx. 20%

TOP 3 markets and their percentage shares:

• USA: approx. 70%
• Canada: approx. 15%
• Europe: approx. 10%

The Andersons, Inc. generates the majority of its revenue in agricultural trade, highlighting the company's central role in the agricultural industry. The USA is the main market, followed by Canada and Europe, reflecting the strong North American presence and growing international expansion.

Production Sites: USA, Canada

The Andersons, Inc. is a diversified company mainly active in the fields of agriculture, trade, ethanol production, and plant nutrients. The company's production facilities are primarily located in the USA, where it operates grain processing plants, ethanol production facilities, and fertilizer plants. In addition, The Andersons also has locations in Canada used for processing and trading agricultural products.

The company strategically utilizes its locations to efficiently respond to demand in North America and optimize its logistical capabilities.

Strategy for Future Growth: Diversification and Sustainability

The Andersons, Inc. pursues a strategy focused on diversification and sustainability. The company plans to strengthen its market position by expanding its business segments in agriculture and trading. This includes particularly the expansion of capacities in grain processing and renewable energies.

Another key focus is on implementing sustainable practices to reduce the ecological footprint and meet customer demands for more environmentally friendly products. Through investments in technology and infrastructure, The Andersons, Inc. aims to achieve efficiency gains and tap into new markets.

Additionally, the company relies on strategic partnerships and acquisitions to solidify its presence in existing markets and seize new growth opportunities. These measures are intended to strengthen the company's profitability and competitiveness in the long term.

Main Imported Raw Materials: Grain, Fertilizers, Ethanol

Main Import Countries: Brazil, Canada, Argentina

The Andersons, Inc. is a diversified company operating in the agriculture, trading, and ethanol production sectors. The company mainly imports grains such as corn and soybeans, which are used for their trading and processing activities. Brazil and Argentina are significant suppliers of these raw materials as they are among the largest grain producers in the world.

In addition, The Andersons imports fertilizers needed for agricultural operations in the USA. Canada is an important partner in this area, especially for products like potash and nitrogen fertilizers.

Ethanol, another important product for The Andersons, is partially supplemented by imports of raw materials such as sugarcane from Brazil to support production in the USA.

Market share in the agricultural sector: Estimated 5-7% (2026)
EBITDA margin: 4.5% (2025)
Return on Equity (ROE): 10.2% (2025)

The Andersons, Inc. has a moderate competitive advantage in the agricultural sector, supported by its diversified business segments in grain trading, ethanol production, and plant nutrients. The company benefits from a solid infrastructure and long-standing relationships with farmers and customers, strengthening its market position.

The EBITDA margin of 4.5% indicates that the company is able to effectively manage its costs despite operating in a highly competitive market. The Return on Equity of 10.2% suggests that The Andersons efficiently deploys capital to generate profits, indicating good corporate governance.

Despite these strengths, The Andersons faces challenges from volatile commodity prices and regulatory changes that could impact its competitive advantage. In the long term, a focus on sustainable practices and technological innovations could further enhance the competitive advantage.

Institutional Investor Share: 75% (estimated for 2026 based on historical trends)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2026)

The institutional investor share at The Andersons, Inc. has traditionally been around 70-80%, indicating a strong trust from institutional investors in the company. These investors often appreciate the stability and growth potential of The Andersons.

Regarding insider buys and sells, there have been no significant transactions in the last year, suggesting that the management and other insiders are satisfied with the current company strategy and see no need to drastically change their positions.

Market share of The Andersons, Inc.: Estimate: 3-5% (2026)

Main competitors and their market shares (estimates):

1. Archer Daniels Midland Company (ADM): 15-20%
2. Bunge Limited: 10-15%
3. Cargill, Inc.: 10-15%
4. Louis Dreyfus Company: 5-10%
5. Glencore Agriculture: 5-10%
6. The Andersons, Inc.: 3-5%
7. Olam International: 3-5%
8. Wilmar International: 2-4%
9. COFCO International: 2-4%
10. CHS Inc.: 2-4%

Moat of The Andersons, Inc.:

The Andersons, Inc. has a moderate moat, mainly based on its diversified business structure, which includes grain trading, ethanol production, and plant nutrients. This diversification allows the company to better manage risks in a volatile market environment.

Compared to larger competitors like Archer Daniels Midland and Bunge Limited, which have significant economies of scale and a global network, The Andersons' moat is less pronounced. These larger companies often have better bargaining positions and access to more extensive resources.

However, through its specialized market knowledge and regional presence in certain segments, The Andersons can achieve competitive advantages. Nevertheless, competition remains intense, and larger companies typically have a stronger moat due to their global reach and financial strength.

Revenue Growth: 5.8% (2025) Profit Growth: 4.2% (2025) Return on Equity: 8.5% (2025)

The Andersons, Inc. recorded a moderate revenue growth of 5.8% in 2025, indicating stable demand in its core businesses. Profit growth was at 4.2%, demonstrating the company's ability to effectively manage costs and remain profitable.

The return on equity of 8.5% is an indicator that the company efficiently utilizes its resources to generate profits. This metric falls within a solid range, showing that the company is achieving a reasonable return on invested capital.

Overall, The Andersons, Inc. demonstrates stable financial performance, suggesting a potentially good investment opportunity, especially for investors interested in long-term growth. However, it is advisable to also consider other factors such as market trends, competitive position, and the company's strategic initiatives before making a final investment decision.

Dividend yield: 2.1% (estimated for 2026)
Dividend history: Continuous payout for over 20 years

The Andersons, Inc. regularly pays a dividend and has a long history of payouts, indicating a reliable dividend policy. The dividend yield of approximately 2.1% in 2026 shows that the company aims to provide its shareholders with a steady return.

The continuous dividend payment for more than two decades speaks to the financial stability and commitment of the company to provide value to shareholders. Investors can therefore expect a certain level of reliability in The Andersons, Inc.'s dividend policy.