KSG Agro has earned $1.5 million in gross profit in January-March 2025, according to the agroholding’s report published on the Warsaw Stock Exchange.
According to the report, operating profit for the same period was $1.3 million, EBITDA was $1.7 million and sales revenue was $4.3 million.
“In the ultra-tough war conditions, thanks to the continued implementation of the vertically-integrated holding company’s development strategy and the implementation of a quality risk management system, we have maintained profitable operations in two strategically important areas – crop production and pork production. Taking into account the rapid changes in the situation during the war, we regularly stress-test our business model and adjust our activities in accordance with changes in the agricultural market,” emphasized the Chairman of the Board of Directors of KSG Agro Sergey Kasyanov, whose words are quoted in the message.
Vertically integrated holding KSG Agro is engaged in pig breeding, as well as production, storage, processing and sale of grains and oilseeds. Its land bank in Dnepropetrovsk and Kherson regions amounts to about 21 thousand hectares.
According to KSG Agro, it is among the top five pork producers in Ukraine. In 2023, the agroholding began to implement a strategy of “network centricity”, under which it will move from the development of a large location to a number of smaller and located in different regions of Ukraine pork enterprises.
Farms of KSG Agro Holding have started summer harvesting campaign on a total area of more than 7.6 thousand hectares – 6.428 thousand hectares of winter wheat and 1.176 thousand hectares of spring barley, the press service of the company reported.
Head of the crop division of the agroholding Vladimir Kalilei noted that the harvest is taking place in difficult drought conditions, which are characterized by the lack of sufficient moisture and high temperatures at the time of grain pouring.
“The current harvesting campaign is already the fourth since the beginning of the large-scale war. However, thanks to the continued implementation of the development strategy of the vertically integrated holding and the introduction of a quality risk management system, we are working effectively in the crop segment, realizing that the food security of the country depends on our performance,” – said the head of the Board of Directors of KSG Agro Sergey Kasyanov, whose words are quoted in the message.
In the summer harvesting campaign of the agricultural holding, which is scheduled to be completed by the end of July, 18 combines John Deere and Claas Lexion, as well as 60 trucks are involved.
KSG Agro, a vertically integrated holding company, is engaged in pig breeding, as well as in the production, storage, processing and sale of grain and oilseeds. Its land bank in Dnepropetrovsk and Kherson regions amounts to about 21 thousand hectares.
According to KSG Agro, it is among the top five pork producers in Ukraine. In 2023, the agroholding began implementing a strategy of “network-centricity”, under which it will move from the development of a large location to a number of smaller and located in different regions of Ukraine pork enterprises.
In 2024, the KSG Agro agricultural holding increased its gross revenue from pig farming to $8.9 million, which is 64% more than in the previous year, according to the press service of the agricultural holding.
“A 64% increase in profitability in a year, even in peacetime, can be considered a significant result. Even before the war, agricultural companies were accustomed to working with abnormal risks, including epidemics, crop failures, and climate change. The war has multiplied the unpredictability and the list of threats. Therefore, a high-quality risk management system is essential for agribusiness, and the current market position of our agricultural holding once again confirms this. We are ready to share our experience in risk and investment management during the war with other Ukrainian companies,” said Serhiy Kasyanov, chairman of the board of directors of the agricultural holding, as quoted by the press service.
According to him, the agricultural holding is developing vertical integration, regularly conducting stress tests of its business model, and adjusting its strategies. Ukrainian and European investors are responding positively to the agricultural holding’s obvious successes, considering it a highly profitable, albeit undervalued asset during the war.
The vertically integrated holding company KSG Agro is engaged in pig farming, as well as the production, storage, processing, and sale of grain and oilseeds. Its land bank in the Dnipropetrovsk and Kherson regions is about 21,000 hectares.
According to KSG Agro, it is one of the top five pork producers in Ukraine. In 2023, the agricultural holding company began implementing a “network-centric” strategy, under which it will move from developing a large location to a number of smaller pig farms located in different regions of Ukraine.
Farms that are part of the KSG Agro agricultural holding have started spring sowing by introducing innovations. This was reported by the company’s press service with reference to Volodymyr Kalilei, Head of the crop production division of the agricultural holding.
The farms that are part of the KSG Agro agricultural holding have started spring sowing using modern innovative technologies. In terms of crops, the sown areas are as follows:
– winter wheat – about 7 hectares
– sunflower – about 5 hectares
– spring barley – up to 2 hectares
– as well as certain areas of corn.
According to Volodymyr Kalilei, PhD in Agriculture, Head of Crop Production Division of the agricultural holding, weather conditions are favorable for a successful sowing campaign as there is enough moisture for today, so the seeds are getting into sufficiently moist soil. However, last year’s drought did not pass by the agribusiness, so unfortunately, moisture is rapidly disappearing from the soil. For this reason, the agroholding plans to conduct the sowing campaign as soon as possible. The company is introducing innovative technologies to ensure efficient use of the products and reduce the pesticide burden on the plant and the environment.
The company uses liquid complex fertilizers UAN (urea-ammonia mixture) with sulfur and FFRM with the addition of biologically active product Roundup Extreme when sowing sunflower, and nitrogen fixers (Azotohelp) and urea during the growing season when cultivating winter wheat.
In addition, organic-biological systems of sunflower and corn cultivation are being implemented using a line of highly effective products manufactured by BTU, a Ukrainian biotechnology company that produces microbial and enzyme products for plant nutrition and protection, preservation and restoration of soil fertility, control of pathogens and reduction of their populations, intensive development of the plant root system in symbiosis with the beneficial biotic component of the soil, moisture accumulation and retention. The goal is to achieve a biogeocenosis as close to natural as possible, which in turn will lead to a reduction in the pesticide load on the soil and plant, a reduction in mineral fertilizer application by up to 30%, and an increase in the profitability of crop production. The products used include a phosphorus-potassium mobilizer – Groundfix, a nitrogen fixer – Azotohelp, a soil remover – Ecostern, biofungicides Phytohelp and Mycohelp, a root system development intensifier, Mycofriend, which contain bacterial cells and vitamins, phytohormones, amino acids and other physiologically active substances.
The campaign uses three John Deere 8295 tractors and three DB55 precision seeders. During the 2025 sowing season, KSG Agro is one of the first companies in the region to apply liquid fertilizers to the soil with a Güstrower GFI 6-4 3000L injector using CULTAN technology with the help of Agrokhim LTD LLC, Dnipro. This innovative technology allows to obtain long-term controlled assimilation by crops without loss of active ingredients of liquid fertilizers by applying them to the root zone of plants. 100% uniformity of mineral fertilizers distribution is achieved by puncturing the soil with spokes (needles) of the injector wheels to a depth of 8-10 cm. Regardless of the working width, all wheels follow the relief of the field, which ensures uniform distribution of nitrogen fertilizers to the required depth over the entire field area. In areas of insufficient moisture, this equipment is a godsend, allowing the use of limited water resources for the development of cultivated plants in full.
“The use of innovative technologies allows Ukrainian farmers to increase yields and thus increase the efficiency of agricultural work. This is especially important in the context of ensuring the country’s food security during a large-scale war,” emphasized Sergiy Kasyanov, Chairman of the Board of Directors of KSG Agro.
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.
KSG Agro has begun to upgrade the number of pigs at its pig farm in the Dnipropetrovs’k region by purchasing 500 sows of Danish genetics, the agricultural holding’s press service reports.
The agroholding noted that to update the number of pigs, 500 purebred pedigree sows of Danish Pig Genetics genetics were purchased from the supplier Breeders of Denmark A/S (Denmark). They are expected to be delivered to the pig farm in May. The volume of investments in the pig breeding program amounted to several hundred thousand euros (the specific amount was not disclosed).
The agricultural holding estimates that with the help of 500 purebred sows, KSG Agro will be able to produce 4000 F-1 hybrid sows by 2025. They are considered the most stable, have high reproductive efficiency and are able to produce high-quality piglets that will later turn into valuable fattening animals.
“In the difficult conditions of livestock business development during the war, its efficiency is of utmost importance, which can be increased by rejuvenating the herd. That is why this year we are implementing a large-scale program to renew the pig population with products from leading international producers of purebred pig genetics, including the Danish Breeders of Denmark A/S. In general, by 2025, we plan to increase the efficiency of pig breeding at our pig farm by at least 15%,” explained Sergiy Kasyanov, Chairman of the Board of Directors of KSG Agro.
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 agricultural holding 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.
