The Astarta agricultural holding reported a net profit of EUR19.94 million in 2025, which is 4.2 times less than in 2024, according to the company’s annual report on its website.
According to the report, Astarta’s consolidated revenue for the past period decreased by 23% to EUR472 million due to lower oilseed yields, reduced sales volumes of agricultural crops and sugar, combined with lower prices for certain products.
It is noted that export sales of EUR294 million accounted for 62% of consolidated revenue in 2025, while the agricultural segment generated 32% of consolidated revenue, or EUR149 million, which is 28% less than in 2024.
Sugar sales fell by 36% over the past year—to EUR147 million—and accounted for 31% of total revenue. At the same time, the share of soybean processing rose to 24% of Astarta’s revenue, or EUR112 million, thanks to a 6% increase in sales.
Sales in the livestock segment also grew by 6% year-over-year—to EUR56 million, accounting for 12% of total revenue in 2025.
According to the report, Astarta’s gross profit decreased by 42% to EUR137 million due to a EUR46 million decline in the fair value of biological assets and agricultural products, reflecting lower global prices, while EBITDA profit fell by 37% to EUR100 million, while the EBITDA margin decreased by 5 percentage points to 21%.
Astarta noted that its operating cash flow in 2025 decreased 4.5-fold to EUR36 million amid a 16% increase in inventories to EUR186 million, while cash flow from investing activities rose 91% to EUR100 million. Key investments included a strategic upgrade of the agricultural machinery fleet, a soybean processing plant (EUR42 million, with plans to launch in the second half of this year), a new multi-component seed crusher project, and the renovation of dairy farms.
Astarta’s net financial debt in 2025 (excluding lease obligations) stood at EUR94 million as of the end of last year, compared to a positive cash position of EUR21 million in 2024, while net debt doubled year-over-year last year to EUR226 million.
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine and is the largest sugar producer in Ukraine. It comprises six sugar refineries, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobine (Poltava region), seven grain elevators, and a biogas complex.
Astarta’s net profit for January–September 2025 fell by 42.2% to EUR43.70 million, while consolidated revenue decreased by 22.4% to EUR342.78 million.
