Business news from Ukraine

Business news from Ukraine

“TAS Agro” increased its Net Profit to $22 mln in 2024

30 December , 2024  

In 2024, TAS Agro agricultural holding achieved financial results of more than $22 million in Net Profit, the company’s CEO Oleg Zapletnyuk said on his Facebook page.

According to him, in 2024, the agricultural holding radically changed its production technology by diversifying its crops by moisture zones and introducing the Strip-Till system with a complete rejection of plowing. In addition, the agricultural holding standardized key processes.

The CEO of TAS Agro recalled that in 2024, $15 million was invested in the renewal of the technical fleet, which made it possible to completely abandon the use of hired equipment (except for combines). This decision made it possible to optimize the number of employees from 1878 to 1540, while the average income increased by 44%.

The agroholding has formed development strategies for the company and its departments for 3 years, implemented a production management system, launched an R&D service, created a service department, started systematically developing livestock and elevator business, and stabilized the land bank.

Mr. Zapletnyuk thanked the team members and partners of the agricultural holding and promised that 2025 would continue to be a year of active changes.

TAS Agro was established in 2014. Its land bank includes 88 thousand hectares in Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad and Mykolaiv regions. The holding specializes in crop production, with elevators with a capacity of about 250 thousand tons. The livestock business is represented by a cattle herd of 5.5 thousand heads, of which 2.5 thousand heads are dairy cattle.

According to the Opendatabot resource, the company’s revenue in 2023 amounted to UAH 2.588 billion, net profit – UAH 155.842 million, debt – UAH 1.2 billion, assets were estimated at UAH 1.8653 billion, and the number of employees – 129. The authorized capital is UAH 8 thousand.

The agricultural holding is part of the TAS group, founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.

The founder of TAS and the beneficiary of the TAS Agro agricultural holding is Sergiy Tigipko.

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