Astarta, Ukraine’s largest sugar producer, reduced revenue from sales of its key products by 22% to EUR343 million in January-September 2025 compared to the same period in 2024.
According to data published by the holding on the Warsaw Stock Exchange, the main source of income for the agricultural holding in the reporting period was agriculture, which provided 33% of this income, or EUR112 million (-23% compared to the same period last year).
Sugar production accounted for 32% of Astarta’s revenue, or EUR 108 million (-36% compared to the same period last year).
Revenue from soybean processing remained stable at EUR77 million, accounting for 22% of Astarta’s consolidated revenue. Revenue from livestock farming increased by 14% compared to the same period last year to EUR42 million, or 12% of total sales for the first nine months of 2025.
Export revenue amounted to EUR218 million, or 63% of sales.
Gross profit amounted to EUR121 million (-34% year-on-year) with a corresponding gross margin, which decreased to 35% compared to 42% in 2024.
EBITDA amounted to EUR101 million, down 23% year-on-year, with EBITDA margin stable at 30%.
Excluding the impact of IAS41, gross margin was 33% (-4 p.p. year-on-year) and EBITDA margin was 28% for the first nine months of 2025.
Astarta is a vertically integrated agro-industrial 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 and dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobyn (Poltava region), seven elevators, and a biogas complex.
In the first half of 2025, Astarta reduced its net profit by 10.3% to EUR47.11 million, and its consolidated revenue decreased by 29.3% to EUR320.71 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.
