Agroholding Astarta, Ukraine’s largest sugar producer, processed 123,000 tons of soybeans in January-June 2025, which is in line with last year’s figure, according to the agricultural holding’s report published on the Warsaw Stock Exchange on Friday.
According to the published data, the segment’s revenue in the first half of 2025 decreased by 6% year-on-year to EUR 55 million, with exports accounting for 91% (+5 p.p. year-on-year) of this revenue.
Gross profit in the soybean processing segment decreased by 41% year-on-year to EUR12 million. Gross profit margin was 21% in the first half of 2025, compared to 33% in the first half of 2024, which Astarta explained by an increase in the cost of sales. EBITDA for the first half of 2025 amounted to EUR7 million (-58% year-on-year), while EBITDA margin decreased from 28% to 13% in the first half of 2025.
According to the agricultural holding, the implementation of the investment project to build a soy protein concentrate production plant is proceeding according to schedule. Production is scheduled to start in 2026.
Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine and is 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.
On June 12 this year, the shareholders’ meeting approved the payment of dividends for 2024 in the amount of EUR0.5 per share for a total of EUR12.5 million, which is in line with the figures for the previous two years.
