In 2024, the enterprises of Astarta, the largest sugar producer in Ukraine, paid UAH 2.25 billion in taxes and fees to the budgets of all levels and, according to the State Tax Service, were included in the list of taxpayers with a high level of voluntary compliance with tax legislation – the White Business Club.
According to the agricultural holding’s press service on its Facebook page, more than UAH 1.47 billion of this amount was paid to local budgets of territorial communities in Poltava, Khmelnytsky, Vinnytsia, Ternopil, Zhytomyr, Chernihiv and Kharkiv regions of Ukraine. The state budget received over UAH 776 million.
“During the full-scale war, Astarta has transferred UAH 6.1 billion to the budgets of all levels and we will continue to do so. Conscientious payment of taxes in wartime is not just a duty, it is also a demonstration of self-recharge and unity of Ukrainian business, which helps to accelerate Ukraine’s victory and its economic recovery afterwards,” said Astarta’s founder and CEO Victor Ivanchyk.
“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.
In 2023, the agricultural holding reduced its net profit by 5.0% to EUR 61.9 million, and its EBITDA decreased by 6.1% to EUR 145.77 million, while revenue increased by 21.3% to EUR 618.93 million.
