Agroindustrial Laredo S.A.A.

What it is

Agroindustrial Laredo grows, mills, and sells sugarcane and its derivatives — refined and raw sugar, molasses, bagasse, and industrial alcohol — making it one of Peru’s vertically integrated sugar leaders.

The company farms over 10,000 hectares of cultivable land in the La Libertad region, sending 90% of its production to the Peruvian domestic market and exporting the remaining 10% to the Netherlands, Spain, Germany, the United States, and Belgium.

Who owns it

Manuelita Internacional S.A. — a Colombian holding company — is the controlling shareholder with 64.21% of shares; a related entity, Inversiones Manuelita S.A., holds a further 14.57%, giving the Grupo Manuelita combined control of 78.78%.

Laredo forms part of Colombia’s Manuelita group, which operates across agroindustry and aquaculture in four countries; the group traces its origins to the Ingenio Azucarero Manuelita S.A., founded some 150 years ago and still one of Colombia’s largest agroindustrial companies. The remaining roughly 21% of Laredo’s shares float freely on the Lima exchange.

Who runs it

Carlos Mauricio Arias Peña is the key principal (CEO) of Agroindustrial Laredo. Javier Mauricio Vidales Trochez and Raul Corrales Dextre are among the other named senior executives.

CFO and board chair names are not disclosed in available sources. The company’s accounts are audited by BDO Peru (Córdova, Petrozzi, Coronado S.C.R.L.), a member of BDO International.

The money, in plain words

In 2023, Laredo’s revenue was PEN 426M (~USD 124.5M at the given FX rate), a slight fall of 1.7% from 2022’s PEN 434 (US$127)M, while net profit fell 16% to PEN 39M (~USD 11.4M).

In 2024 the company recovered sharply: operating profit reached PEN 91.3 (US$27)M and, after financing costs and tax of PEN 23.4 (US$7)M, net profit — what actually landed in owners’ pockets — came to PEN 55.5M (~USD 16.2M); that is a 42% jump in bottom-line earnings year on year (our calculation). The stock trades at roughly 7.5 times earnings (price-to-earnings ratio of ~7.5×, our calculation), and the shares paid a dividend yield of approximately 10%, generous by any standard.

What it is doing now

In 2025 Laredo produced 167,496 tonnes of sugar and sold 167,573 tonnes — 156,284 in the domestic market and 11,289 for export — though its US quota shipments were hit by Washington’s new 10% tariff.

Total 2025 sugar-and-derivatives revenue was S/ 385.97M (~USD 112.9M), a step down from the 2024 level, while the company pressed ahead with investment in its mill and fields, directing capital mainly to plant improvements and agricultural machinery to raise self-grown cane availability.

What to watch

• US tariff risk: the new 10% American tariff already cut into Laredo’s quota exports in 2025; any escalation would shrink a profitable high-value channel.
• Customer concentration: 70% of revenue in 2024 came from a single domestic customer — an unnamed international leader in the consumer-goods market; losing or renegotiating that contract would reshape the entire income statement.
• Parent group strategy: With Grupo Manuelita holding nearly 79%, minority shareholders follow Colombia’s lead; any strategic shift by the parent — expansion, sale, or refinancing — flows directly to LAREDOC1.
• Revenue confirmation: Exact FY2024 full-year revenue was not available in extracted primary-source pages at the time of writing; the SMV filing confirms net profit only.

This is news, not investment advice.