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olivLaw · US equity research

Evogene Ltd. EVGN

Agricultural Chemicals · SIC 2870 · Vertical: Agricultural Chemicals (SIC 2870)

0.36USD−0.89% · 1 dayClose 04 Nov 2026

Evogene Ltd. is a biotechnology company that uses its computational platform, ChemPass AI and GeneRator AI, to discover products for agriculture, human health and industrial applications. In 2025 the company sharply reduced its activity and sold part of its subsidiaries' assets, with the operating loss falling to about 14.0 million USD, placing it in a restructuring phase focused on a few platforms.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Evogene Ltd. (EVGN) stock was 0.36 USD (−0.89% on the day), with market capitalisation 3.1 m USD, P/E 0.3 on diluted EPS of 1.08 USD over the last 12 months, beta 0.83, 52-week range 0.36–1.25 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
3.1 m USD
shares as of 31 Dec 2025
P/E (TTM)
0.3
Diluted EPS TTM 1.08 · TTM to 31 Dec 2025
E/P (TTM)
302.69%
TTM to 31 Dec 2025
Dividend yield
unavailable
Beta (2y)
0.83
Volatility (1y) 80%
52-week range
0.361.25

Price history

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Technical reading

RSI (14)
38.8
weak (30–45)
Bollinger (20, 2)
0.35 – 0.40
in the lower half of the band · %B 0.14 · band width 13.9%
SMA 50 / 200
0.44 / 0.67
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.02 / -0.02
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−10.8%−1.1%−9.7 pp—
3 months−43.4%−0.5%−42.9 pp—
6 months−54.8%+4.4%−59.2 pp—
Year to date−67.6%+12.3%−79.9 pp—
1 year−70.8%+13.5%−84.3 pp−10.3%
3 years−93.8%+76.4%−170.3 pp−24.4%
5 years−98.7%+63.7%−162.4 pp—
Max drawdown (1y)
−71.5%
12 Nov 2025 → 04 Nov 2026
Max drawdown (5y)
−98.7%
08 Nov 2021 → 04 Nov 2026
Compound annual growth (5y)
−58.0%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 0 percentile of its own 1-quarter history (min 1.0, median 1.0, max 1.0; quarters with earnings only).

Fiscal years

Fiscal year20182019202020212022⚠ 202320242025
Revenue1.7 m753.0 k1.0 m930.0 k1.7 m3.0 m5.6 m3.9 m
Revenue YoY−48.3%−56.9%+38.1%−10.6%+80.1%—+87.0%−30.9%
Net income-20.8 m-18.1 m-23.4 m-27.8 m-26.6 m-23.9 m-16.5 m-8.5 m
Net income YoYunavailableunavailableunavailableunavailableunavailable—unavailableunavailable
Diluted EPSunavailableunavailable-0.83-0.69-6.44-5.20-2.901.08
Diluted EPS YoYunavailableunavailableunavailableunavailableunavailable—unavailableunavailable
net %-1,188.2%-2,405.3%-2,247.5%-2,988.5%-1,590.3%-800.8%-295.6%-220.2%
Free cash flow-15.5 m-18.6 m-20.2 m-25.6 m-24.8 m-22.2 m-20.3 m-13.6 m

The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
13.0 m USD
Financial debt
unavailable USD
Net debt
unavailable USD
Equity
12.0 m USD
Total assets
20.0 m USD
Debt / equity
unavailable
Current ratio
4.54x
ROE
-63.3%
ROA
-28.3%
FCF margin
-353.9%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
3.0 m
2024
5.6 m
2025
3.9 m

SEC (XBRL)· 26 Mar 2026verified

Cost of revenue
2023
1.5 m
2024
2.4 m
2025
4.1 m

SEC (XBRL)· 26 Mar 2026verified

Gross profit
2023
1.5 m
2024
3.2 m
2025
-241.0 k

SEC (XBRL)· 26 Mar 2026verified

Research & development
2023
16.2 m
2024
12.5 m
2025
8.0 m

SEC (XBRL)· 26 Mar 2026verified

Operating income
2023
-22.2 m
2024
-18.8 m
2025
-14.0 m

SEC (XBRL)· 26 Mar 2026verified

Interest expense
2023
928.0 k
2024
3.4 m
2025
1.9 m

SEC (XBRL)· 26 Mar 2026verified

Pre-tax income
2023
-21.9 m
2024
-14.8 m
2025
-13.5 m

SEC (XBRL)· 26 Mar 2026verified

Income tax
2023
19.0 k
2024
9.0 k
2025
1.0 k

SEC (XBRL)· 26 Mar 2026verified

Net income
2023
-23.9 m
2024
-16.5 m
2025
-8.5 m

SEC (XBRL)· 26 Mar 2026verified

Diluted EPS
2023
-5.20
2024
-2.90
2025
1.08

SEC (XBRL)· 26 Mar 2026verified

Weighted average diluted shares
2023
4.6 m
2024
5.7 m
2025
7.9 m

SEC (XBRL)· 26 Mar 2026verified

Balance sheet · USD

Cash
2023
20.8 m
2024
15.3 m
2025
13.0 m

SEC (XBRL)· 26 Mar 2026verified

Inventories
2023
76.0 k
2024
1.8 m
2025
210.0 k

SEC (XBRL)· 26 Mar 2026verified

Current assets
2023
34.5 m
2024
21.6 m
2025
15.6 m

SEC (XBRL)· 26 Mar 2026verified

Property, plant & equipment, net
2023
2.5 m
2024
1.8 m
2025
812.0 k

SEC (XBRL)· 26 Mar 2026verified

Intangibles (excl. goodwill)
2023
13.2 m
2024
12.2 m
2025
0

SEC (XBRL)· 26 Mar 2026verified

Total assets
2023
51.1 m
2024
39.9 m
2025
20.0 m

SEC (XBRL)· 26 Mar 2026verified

Accounts payable
2023
1.8 m
2024
1.2 m
2025
639.0 k

SEC (XBRL)· 26 Mar 2026verified

Current liabilities
2023
6.9 m
2024
18.7 m
2025
3.4 m

SEC (XBRL)· 26 Mar 2026verified

Total liabilities
2023
22.4 m
2024
25.0 m
2025
8.1 m

SEC (XBRL)· 26 Mar 2026verified

Equity
2023
28.7 m
2024
14.8 m
2025
12.0 m

SEC (XBRL)· 26 Mar 2026verified

Shares outstanding at year end
2023
50.6 m
2024
6.5 m
2025
8.7 m

SEC (XBRL)· 26 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
-21.6 m
2024
-19.7 m
2025
-13.5 m

SEC (XBRL)· 26 Mar 2026verified

Capex
2023
577.0 k
2024
626.0 k
2025
135.0 k

SEC (XBRL)· 26 Mar 2026verified

Free cash flow
2023
-22.2 m ≈
2024
-20.3 m ≈
2025
-13.6 m ≈

SEC (XBRL)· 26 Mar 2026derived

Investing cash flow
2023
-4.5 m
2024
9.6 m
2025
17.7 m

SEC (XBRL)· 26 Mar 2026verified

Financing cash flow
2023
18.2 m
2024
4.7 m
2025
-6.6 m

SEC (XBRL)· 26 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
-30.9%
computed by olivLawFY 2025
Revenue CAGR 3Y
32.0%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
29.9%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
the base of the ratio is not positive
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
-6.3%
computed by olivLawFY 2025
EBITDA margin
unavailable
input data missing
EBIT margin
-364.2%
computed by olivLawFY 2025
Net margin
-220.2%
computed by olivLawFY 2025
FCF margin
-353.9%
computed by olivLawFY 2025

Returns

ROE
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
ROA
-28.3%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
unavailable
input data missing
ROCE
-84.5%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
-7.3x
computed by olivLawFY 2025

Liquidity

Current ratio
4.5x
computed by olivLawbalance sheet at 31 Dec 2025
Quick ratio
4.5x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
3.8x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
-13.5 m USD
computed by olivLawFY 2025
Capital expenditure
135.0 k USD
computed by olivLawFY 2025
Free cash flow
-13.6 m USD
computed by olivLawFY 2025
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
unavailable
input data missing
Days inventory outstanding
90 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days payables outstanding
83 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
3.1 m USD
computed by olivLawbalance sheet at 31 Dec 2025
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
0.3x
computed by olivLawFY 2025
Earnings yield
302.7%
computed by olivLawFY 2025
P/B
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
P/S
0.8x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
the base of the ratio is not positive
FCF yield
-438.4%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

Risk

Altman Z
-20.89
computed by olivLawbalance sheet at 31 Dec 2025

Valuation

olivLaw classification

Insufficient data
What is missing
  • score weight coverage: 43.8% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

0.36 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 3.1 m USD

Key indicators

Market capitalisation
3.1 m USD
computed by olivLawbalance sheet at 31 Dec 2025
P/E (TTM)
0.3x
computed by olivLawFY 2025
P/B
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
EV/EBITDA
unavailable
input data missing
ROE
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
Net margin
-220.2%
computed by olivLawFY 2025
Revenue growth (YoY)
-30.9%
computed by olivLawFY 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

27/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: SEC (XBRL)published 26 Mar 2026
verified 280

Score by group

44% · Insufficient data

Estimated value range

Low
11.16
USD per share
Mid
14.37
USD per share
High
19.40
USD per share
Price: 0.36 USD
The price is below the range
Potential to the central value: 3,926.1% (value / price − 1)
Margin of safety: 97.5% (1 − price / value)
Agreement between methods: single method · 1 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 11.16 – 19.40 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: P/E11.16 – 19.40 (Mid 14.37)
    4 companies used · median multiple 13.3x · quartiles 10.3x – 18.0x
    CF, ICL, NTR, UAN
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Multiple comparisons use the SIC vertical: Agricultural Chemicals (SIC 2870)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: score weight coverage: 43.8% of at least 60%

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality-220.2%20 (vs peers)14%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth32.0%100 (on a fixed band)19%
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet-7.3x0 (on a fixed band)14%
Current ratio · Balance sheet4.5x100 (on a fixed band)10%
P/E (TTM) · Valuation0.3x100 (vs peers)24%
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuation-438.4%0 (on a fixed band)19%
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet40/100 · 2/3 factors with a value
  • Growth· partial100/100 · 1/2 factors with a value
  • Quality· partial20/100 · 1/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation56/100 · 2/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

EVOGENE LTD. (EVGN). Latest full fiscal year: 2025; data up to 2025-12-31.

Figures computed from the financial statements: revenue 3.9 m USD in 2025; YoY growth -30.9%; net margin -220.2%.

The estimated value range is 11.16–19.40 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 14.37 USD, the price of 0.36 USD leaves a potential of 3,926.1% (value / price − 1) and a margin of safety of 97.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Revenue CAGR 3Y: 32.0%
  • Current ratio: 4.5x
  • P/E (TTM): 0.3x
  • The price is below the estimated value range

What contradicts it

  • Net margin: -220.2%
  • Interest coverage: -7.3x
  • FCF yield: -438.4%

Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Agricultural Chemicals (SIC 2870) · same industry (4-digit SIC) · compared with 10 companies

Multiples and returns vs the median

P/E
0.3x
vertical median 15.5x
below median (−97.9%)
EV/EBITDA
—
vertical median 6.4x
P/S
0.8x
vertical median 1.3x
below median (−36.5%)
P/B
—
vertical median 0.8x
ROE
—
vertical median -14.2%
Net margin
-220.2%
vertical median -3.7%
below median
EBIT margin
-364.2%
vertical median 3.7%
below median (−9,889.6%)
Revenue YoY
-30.9%
vertical median 4.0%
below median (−865.5%)
Net debt/EBITDA
—
vertical median 0.2x
Dividend yield
—
vertical median 3.8%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
NTRNutrien Ltd.41.0 bn15.59.1%8.4%+3.5%+24% / +35%
CFCf Industries Holdings, Inc.16.9 bn7.946.7%32.3%+19.3%+42% / +49%
MOSMosaic Co6.9 bn—-9.3%-9.4%+8.4%−12% / −40%
ICLIcl Group Ltd.5.9 bn25.43.9%3.2%+4.6%−18% / −9%
SMGScotts Miracle-Gro Co3.9 bn55.8—2.1%−3.9%+19% / +21%
UANCvr Partners, LP1.2 bn11.1—16.1%+15.4%+16% / +64%
AVDAmerican Vanguard Corporation28.8 m—-26.5%-10.7%−5.9%−79% / −90%
BIOXBioceres Crop Solutions Corp.16.2 m—-19.1%-16.5%−27.9%−85% / −98%
SNESSenestech, Inc.6.6 m—-107.4%-294.7%+19.6%−58% / −87%
CBUSCibus, Inc.6.2 m—-225.9%-2,258.9%−14.6%−9% / −90%
EVGNEvogene Ltd.3.1 m0.3—-220.2%−30.9%−71% / −94%

1- and 3-year price returns: for EVGN from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 26 Mar 2026; since then the company filed 6-K (28 Oct 2026), 6-K (06 Oct 2026), 6-K (30 Sept 2026), 6-K (28 Sept 2026), 6-K (15 Sept 2026), 6-K (04 Sept 2026).

    In brief

    Evogene Ltd. is a biotechnology company that uses its computational platform, ChemPass AI and GeneRator AI, to discover products for agriculture, human health and industrial applications. In 2025 the company sharply reduced its activity and sold part of its subsidiaries' assets, with the operating loss falling to about 14.0 million USD, placing it in a restructuring phase focused on a few platforms.

    SWOT

    Strengths

    • Its proprietary computational platform and discovery engines ChemPass AI and GeneRator AI offer a technological edge that can be applied across several fields.
    • The structure of specialized subsidiaries lets each unit develop its own portfolio and commercial strategy.
    • The company has shown it can sell assets and sign licensing agreements that bring in cash at critical moments.

    Weaknesses

    • The company continues to record operating losses and has not yet reached profitability.
    • Conditions exist that raise substantial doubt about its ability to continue as a going concern over a one-year horizon.
    • Revenues are small and concentrated among a few customers and regions, and royalty revenues have not yet been generated.

    Opportunities

    • Collaborations with large agriculture and pharma partners could bring development payments, milestones and sales revenues.
    • A focus on AI-powered drug discovery could open new contracts in the pharmaceutical sector.
    • Monetizing subsidiary assets through licensing or sales could raise funds without issuing new shares.

    Threats

    • If funding is not available on acceptable terms, activity could be reduced or stopped.
    • Issuing new shares or warrants could dilute existing shareholders and could reduce the share price.
    • Falling demand in core markets and delays in clinical or research programs could weigh on results.

    Risks

    • Continued losses and going concern riskhigh

      The company expects to keep incurring losses until it earns significant revenues, and management has identified conditions that raise doubt about its ability to continue as a going concern 1.

    • Need for additional capitalhigh

      The company and its subsidiaries could need substantial funding, and new sources could bring dilution, restrictive covenants or the relinquishing of product rights 1.

    • Increased operational concentrationmedium

      After reducing the number of subsidiaries and business lines, failures in a few platforms or projects could have a larger impact than in the past 1.

    • Dilution of stakes in subsidiariesmedium

      External financing of subsidiaries reduces the company's ownership percentage and can lower revenues and benefits for shareholders 1.

    • Scientific outcome uncertaintymedium

      Discoveries and candidate products may not achieve the desired effect, and years of research may never translate into commercial products 1.

    Investment thesis

    What would need to be true (bull case)

    • If the ChemPass AI platform wins contracts in the pharma sector, the company could diversify revenues and reduce its dependence on agricultural activity.
    • Cost reductions and asset sales could lead to a faster path toward financial balance if these measures are sustained.
    • Collaboration agreements with large industrial partners could bring milestone payments and royalties that support the company's value.

    What would break the thesis

    • Persistent operating losses and doubt about the going concern could force new share issuances with significant dilution.
    • Revenue concentration among a few customers and regions makes the company vulnerable to demand shifts, as the castor seed decline showed.
    • If discoveries do not reach commercialization, the research investment might not be recovered.

    What to watch

    • Trend in revenues from the agriculture and industrial segmentsQ1 2027
    • New collaboration or licensing agreements, including for ChemPass AI2027
    • New funding sources and any share or warrant issuancesnext 10-K
    • Results of the BMC128 clinical trial at subsidiary Biomica2026

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 26 Mar 2026; since then the company filed 6-K (28 Oct 2026), 6-K (06 Oct 2026), 6-K (30 Sept 2026), 6-K (28 Sept 2026), 6-K (15 Sept 2026), 6-K (04 Sept 2026).

    The business

    Evogene operates as a technology hub that licenses its computational discovery engines to specialized subsidiaries, each with its own management and commercial strategy. Revenues come mainly from research and development payments, collaboration agreements and limited sales, and the company has not yet generated royalty revenues. Total revenues in 2025 were 3.853 million USD, down from the prior year, and the operating loss from continuing operations fell to 14.0 million USD from 18.8 million USD in 2024 1.

    Segments

    Industrial applications

    The industrial segment focuses on improved castor bean seeds for industrial uses, including biofuels, through subsidiary Casterra. Segment revenues were 2.168 million USD in 2025 1. Demand for castor seeds declined significantly by the end of 2025, and activity has concentrated on the Brazilian market.

    Market context

    Evogene operates in industries with long research cycles, where value depends on converting discoveries into marketable products. The geographic mix of revenues shifted sharply: in 2025 Africa accounted for 53 percent of revenues and Europe for 26 percent, compared with 31 and 41 percent in 2024 1. This geographic concentration makes revenues dependent on a few customers and conditions in a few markets.

    Trends

    • Demand for computational and AI-based productstailwind

      The use of artificial intelligence in molecule discovery and computational biology could shorten research time and cost, which could support the value of the ChemPass AI platform. The company intends to focus its efforts on AI-powered drug discovery in the pharma sector 1.

    • Decline in demand for castor seedsheadwind

      Demand for castor seeds used for biofuels fell significantly by the end of 2025, leading Casterra to cease operations in Kenya and reduce its cost base 1.

    • Portfolio consolidation and asset salesmixed

      Asset sales and workforce reductions in 2025 may lower costs but can also limit diversification and long-term growth options. The net effect depends on the success of the remaining platforms 1.

    • Funding pressure and dilutionheadwind

      A lack of sufficient capital could force group companies to accept less favorable terms or relinquish rights to products, which could reduce benefits for shareholders 1.

    Competitive position

    Evogene competes with other biotechnology and agrochemical companies that use computer-assisted discovery, as well as with large industrial partners developing their own internal platforms. The source does not provide details on the competitive position of each rival, so the comparison is limited to the company's fields of activity.

    • CortevaCTVA

      Partner with which Lavie Bio had a licensing agreement for bio-fungicides, terminated in November 2024; appears as both competitor and partner in agriculture.

    • Bayer

      Partner of AgPlenus for developing a weed control solution, with an exclusive license for products developed in the collaboration.

    • ICL

      Company that acquired most of Lavie Bio's activities and the MicroBoost AI technology for agriculture.

    • Lishan Technologies

      Party that received the license for BMC128 from Biomica, competing in the microbiome therapeutics area.

    News & filings

    In the press

    The latest news item in our archive is from 25 Aug 2026; the newest SEC filing is from 28 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.

    Sources

    1. [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Evogene Ltd. · 26 Mar 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.