Astarta, Ukraine’s largest sugar producer, reduced sugar sales by 29% in January-June 2025, the agricultural holding’s press service reported.
Astarta noted that in the first half of 2025, the segment’s revenue amounted to EUR79 million, which is 38% less than in the same period last year.
This was caused by an 11% drop in sugar prices and a 29% decrease in sales volumes, the agricultural holding explained.
According to the report, sugar exports accounted for 47% of the segment’s revenue, compared to 58% in the first half of 2024. The main export destinations were Libya, Macedonia, and Israel. Astarta’s share in Ukraine’s sugar exports was 24%.
Astarta’s team is currently actively preparing for the sugar beet harvest and processing season.
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, dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobine (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.
