Astarta's net profit in 2025 falls by 4.2 times with 23% reduction in revenue

Agroholding Astarta received EUR 19.94 million in net profit in 2025, which is 4.2 times less than the 2024 figure, according to the company’s annual report on its website.

According to it, Astarta’s consolidated revenue for the previous period decreased by 23% to EUR 472 million due to a decrease in the oilseed crop harvest, a decrease in sales of agricultural crops and sugar, combined with lower prices for some products.

It is noted that export sales of EUR 294 million accounted for 62% of consolidated revenue in 2025, while the agricultural segment generated 32% of consolidated revenue, or EUR 149 million, which is 28% less than the 2024 figure.

Sugar sales fell by 36% last year to EUR 147 million, accounting for 31% of total revenue. Meanwhile, soybean processing increased to 24% of Astarta’s revenue, or EUR 112 million, thanks to a 6% increase in sales.

Sales in the livestock segment also increased by 6% year-on-year to EUR 56 million, representing 12% of total revenue in 2025.

According to the report, Astarta’s gross profit decreased by 42% to EUR 137 million due to a lower change in the fair value of biological assets and agricultural products of EUR 46 million, reflecting lower global prices, and EBITDA profit decreased by 37% to EUR 100 million, while the EBITDA margin decreased by 5 percentage points to 21%.

Astarta reported that its operating cash flow in 2025 decreased by 4.5 times to EUR 36 million, amid a 16% increase in inventories to EUR 186 million, while cash flow from investments increased by 91% to EUR 100 million. Key investments included a strategic upgrade of its agricultural machinery fleet, a soybean processing plant (EUR 42 million with plans to launch in the second half of this year), a new multi-component seed crusher project, and the reconstruction of dairy farms.

Astarta’s net financial debt in 2025 (excluding lease liabilities) at the end of last year amounted to EUR 94 million, compared to a positive cash position of EUR 21 million in 2024, and net debt last year doubled year-on-year to EUR 226 million.

Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes six sugar plants, farming operations with a land bank of 220,000 hectares, and dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobyne (Poltava region), seven grain elevators, and a biogas complex.

Astarta’s net profit for January-September 2025 fell by 42.2% to EUR 43.7 million, while consolidated revenue decreased by 22.4% to EUR 342.8 million.