In 2024, KSG Agro received $3.662 million in operating profit against a $1.615 million loss a year earlier, according to the agricultural holding’s report on the Warsaw Stock Exchange.
According to the report, KSG Agro’s revenue from sales in 2024 increased by 17.6% to $22.103 million from $18.786 million.
“By continuing to implement the development strategy of a vertically integrated holding, we have achieved improved financial performance in two of our strategically important business areas – crop production and pig production. The main factor behind the positive dynamics was the increase in the efficiency of the pig business in 2024 by updating the herd with sows of modern efficient genetics. As confirmed by a series of tests we conducted in early 2023, the productivity of the purchased sows is quite high not only in terms of the number of litters and farrowing weight, but also in terms of pork quality,” said Sergiy Kasyanov, Chairman of the Board of Directors of KSG Agro.
According to him, based on the tests conducted, 1.3 thousand heads of the identified low-productive sows in the herd were replaced with purchased more efficient ones during the year. This allowed the holding to produce high quality piglets and ensure high dynamics of the pig breeding business.
Kasyanov added that the main drivers of KSG Agro’s further development, including in 2025, will be increasing the efficiency of crop production and increasing the productivity of the pig herd by continuing to rejuvenate the pig population.
KSG Agro, a vertically integrated holding company, is engaged in pig production, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank in Dnipropetrovska and Khersonska oblasts is about 21 thousand hectares.
According to the agricultural holding, it is one of the top five pork producers in Ukraine. In 2023, it launched a “network-centric” strategy, which will shift from developing a large location to a number of smaller pig farms located in different regions of Ukraine.
In the first quarter of 2024, KSG Agro decreased its net profit by 37% to $0.96 million on a 2% decrease in revenue to $5.02 million. Its EBITDA decreased by 2% to $1.83 million.
