Astarta, Ukraine’s largest sugar producer, increased its average cattle herd to 29,000 head (+4%) in January-June 2025.
According to data published by the holding company on the Warsaw Stock Exchange, in the first half of this year, Astarta increased milk yield per cow by 3% to 28 kg/day, which led to a 2% increase in milk production to 63,000 tons.
Revenue in the segment grew by 17% to EUR29 million due to an 11% increase in prices and a 2% increase in sales volumes.
Gross profit decreased by 11% compared to the same period last year to EUR13 million, reflecting higher costs and a revaluation of BA during Q1 2025. Gross margin decreased from 57% to 43% in the first half of 2025.
EBITDA amounted to EUR12 million compared to EUR15 million in the first half of 2024.
The agricultural holding estimated its share in milk production in Ukraine at 3%.
Astarta is a vertically integrated agricultural holding operating in eight regions of Ukraine and the largest sugar producer in Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220,000 hectares, dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobyn (Poltava region), seven elevators, and a biogas complex.
In 2024, Astarta increased its net profit by 34.5% to EUR83.25 million, while its consolidated revenue decreased by 1.1% to EUR612.15 million.
In the first quarter of this year, the agricultural holding’s revenue fell by 24.9% to EUR124.58 million, while net profit fell by 28.8% to EUR6.42 million.
