Elvorti (Kropyvnytskyi), a manufacturer of sowing and soil cultivation equipment, ended the first half of 2025 with a loss of UAH 17.5 million, which is 2.9 times more than in the same period last year.
According to the company’s interim report published on Friday in the NSSMC’s information disclosure system, its net income in January-June increased by 27.8% to UAH 339 million.
Elvorti incurred a loss of UAH 7.4 million from operating activities, which is 3.4 times less than last year, while gross profit amounted to UAH 27.5 million compared to a loss of UAH 1.1 million in January-June 2024.
As reported, in the first quarter of this year, the company reduced its loss by 35% compared to the same period in 2024, to UAH 5.5 million, with net income growing by 53.6% to UAH 222.7 million.
Thus, in the second quarter, Elvorti incurred a loss of almost UAH 12 million, while in April-June 2024, net profit amounted to UAH 2.4 million, and net income decreased by 3.3% to UAH 116.3 million.
According to the report, in the second quarter, the company exported products worth UAH 25.1 million, with the main export markets being Eastern Europe and Central Asia (Kazakhstan, Kyrgyzstan).
In April-June, 125 seeders worth UAH 57.4 million, 52 cultivators worth UAH 10.1 million, 63 harrows worth UAH 16 million, seven sprayers worth UAH 9 million, and three construction and road machines worth UAH 8.2 million were manufactured.
The average selling prices of seed drills were UAH 548,200, cultivators – UAH 250,500, harrows – UAH 325,900, and sprayers – UAH 1.45 million.
Elvorti JSC, part of businessman Pavlo Shtutman’s Elvorti Group, specializes in the production of sowing and soil cultivation equipment: seeders for sowing grain and row crops, cultivators for continuous and inter-row soil cultivation, and disc harrows for resource-saving soil cultivation.
Last year, the company reduced its losses by more than three times compared to 2023, to UAH 27.6 million, with net income growing by 16.3% to UAH 570.5 million, and this year it plans to increase its revenue to UAH 712 million and break even.
As of June 30, the company employed 382 people.
