Corteva, Inc. has filed its interim combined financial statements for the third quarter of 2026, detailing the results of its Crop Protection business following the separation of its Seed Business into a new publicly traded company, Vylor Inc. The spin-off was completed on October 1, 2026, through an in-kind dividend of Vylor shares to Corteva shareholders.
For the three months ended September 30, 2026, New Corteva reported net sales of $1.685 billion, a decrease from the $1.788 billion reported in the same period of the prior year. The company recorded a net loss of $57 million for the quarter, compared to net income of $76 million in the prior year. The net loss was primarily driven by a loss from continuing operations of $14 million and a loss from discontinued operations of $41 million.
For the nine months ended September 30, 2026, New Corteva generated net sales of $5.536 billion, a slight decrease from the $5.519 billion reported in the first nine months of 2025. The company reported net income of $95 million for the nine-month period, a significant decline from the $312 million reported in the prior year.
On the balance sheet as of September 30, 2026, New Corteva held cash and cash equivalents totaling $1.722 billion. Total assets were reported at $19.871 billion, while total equity stood at $10.422 billion. The company also reported long-term debt of $2.372 billion.
The filing notes that for financial reporting purposes, Vylor has been treated as the accounting spinnor, meaning the historical consolidated financial statements of Corteva have been treated as the historical financial statements of Vylor. Consequently, the financial statements for New Corteva are presented as combined statements derived from the historical results of operations and accounting records of the pre-spin-off Corteva.
