Elvorti (Kropyvnytskyi), a manufacturer of sowing and soil cultivation equipment, earned nearly UAH 1.5 million in net profit in July-September 2025, compared to a loss of nearly UAH 6.4 million in the same period of 2024.
This result is based on the company’s interim financial report for nine months, published on Wednesday, according to which it increased its loss by 27.8% compared to January-September 2024, to UAH 15.9 million.
Earlier it was reported that in the first half of this year, the loss amounted to UAH 17.5 million (almost three times more than in the same period last year).
According to the report, Elvorti increased its net income by 18.5% in January-September, to UAH 502.8 million.
As reported, in January-June 2025, the company’s net income increased by 27.8% compared to the same period in 2024, to UAH 339 million. Thus, in the third quarter of this year, it increased by 3% to UAH 163.7 million.
According to the report, in the third quarter, the company exported products worth UAH 52.4 million, which accounted for 32% of sales for this period (in the second quarter – UAH 25.1 million). The main export markets are Kazakhstan, Moldova, Bulgaria, Latvia, and Romania.
In July-September, in particular, 115 seeders worth UAH 61.8 million, one cultivator worth UAH 616,000, 91 harrows worth UAH 30.4 million, four sprayers worth UAH 3.5 million, and two construction and road machines worth UAH 5.3 million were manufactured.
The average selling prices of seed drills were UAH 618,200, cultivators – UAH 326,600, harrows – UAH 357,600, and sprayers – UAH 1 million.
The company notes that Elvorti’s range of equipment is in seasonal demand, particularly seed drills and sprayers.
The main buyers of the equipment were, in particular, the Ukrainian companies “Tekhnotorg Don,” “Agro-Resource,” and “Agroprommontazh,” as well as Agropiese TGR Grup (Moldova) and Optikom OOD (Bulgaria).
Elvorti JSC, part of businessman Pavel Shtutman’s Elvorti Group, specializes in the production of sowing and soil cultivation equipment: seeders for sowing grain and row crops, cultivators for continuous and inter-row soil cultivation, and disc harrows for resource-saving soil cultivation.
Last year, the company reduced its losses by more than three times compared to 2023, to UAH 27.6 million, while its net income grew by 16.3% to UAH 570.5 million. This year, it plans to increase its revenue to UAH 712 million and break even.
As of September 30, 2025, the company employed 373 people.
