Astarta Agricultural Holding, Ukraine’s largest sugar producer, is considering the acquisition of two Ukrainian agricultural enterprises: ‘Vozrozhdenie’ LLC and “Orion Moloko” LLC (both located in the Lubenskyi District, Poltava Oblast), according to a company announcement on the Warsaw Stock Exchange on Friday.
“Such an acquisition, if completed, would give Astarta decisive influence over the assets of these enterprises (primarily lease rights to arable land located near Astarta’s main operating assets in Poltava Oblast),” the agricultural holding noted.
It clarified that its subsidiary Ancor Investments Limited (Nicosia, Cyprus) has already received approval from the Antimonopoly Committee of Ukraine for the acquisition of the enterprises, but this submission to the AMCU was a procedural step allowing the parties to continue assessing the feasibility of the transaction.
“As of the date of this report, the final transaction has not been concluded. The company will provide further information in accordance with its disclosure obligations,” the statement reads.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, both Poltava-based enterprises specialize in the cultivation of grains, legumes, and oilseed crops, as well as in dairy farming. Prior to the conclusion of the agreement, the ultimate beneficial owner of the companies was Marina Sigal (Israel), co-owner of the Agromars holding (Gavrilovskie Tsyplyata brand) and the Freedom Farm group.
According to data from the Opendatabot service, Orion Moloko LLC (Shompelevka village, Lubenskyi District, Poltava Oblast) was founded in 2008. The company’s revenue increased by 29.5% compared to 2024—to 196.95 million UAH, assets decreased by 26.2%—to 193.39 million UAH, and net profit amounted to 61.99 million UAH. The number of employees at the end of the year was 79.
LLC “Enterprise ”Vozrozhdenie” (Petrakievka village, Lubenskyi District, Poltava Oblast) was founded in 2007. The company’s revenue in 2025 decreased by 27.0% to UAH 83.14 million, assets by 34.4% to UAH 64.53 million, and net profit amounted to UAH 11.15 million. The company employs 62 people.
Astarta, Ukraine’s largest sugar producer, supplied over 870,000 tons of agricultural products to foreign markets in 2025, the company reported on its website.
According to the report, exports of soybean products (oil and meal) increased by 15% compared to 2024. The main markets in this segment were Hungary, Poland, Romania, and Austria. In addition, the company exported sugar to 25 countries, mainly to the MENA region (Middle East and North Africa) and Europe.
In 2025, wheat and corn were supplied to EU countries (Italy, the Netherlands, Spain), the United Kingdom, as well as Indonesia, Saudi Arabia, Turkey, and Vietnam.
“Global trade uncertainty requires new approaches. We continue to export and adapt our work through interaction within our partner ecosystem,” said Vyacheslav Chuk, Director of Commercial Operations and Strategic Marketing at Astarta.
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes six sugar factories, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobyn (Poltava region), seven elevators, and a biogas complex.
According to the results of 2025, Astarta reduced its total revenue from sales of key product categories by 15.6% compared to 2024, to UAH 21.05 billion, while physical sales volumes of its main products fell by 23.5%, to 1.21 million tons.
Astarta, Ukraine’s largest sugar producer, has purchased 10 light tractors worth approximately UAH 16 million for livestock farming, the company’s press service reported on Monday.
According to the report, the equipment will be used primarily in feeding, cleaning, and logistics processes at production sites to improve the regularity of processes and reduce the cost of milk production.
“We expect that the upgrade of equipment will improve operational discipline and ensure more predictable and stable production results,” said Yaroslav Kushnir, director of Astarta’s livestock department.
The agricultural holding company noted that, in total, Astarta allocated approximately $22 million in 2025 to upgrade its technical fleet in key production areas as part of a comprehensive program of modernization and transition to energy-efficient solutions.
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes six sugar factories, 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 elevators, and a biogas complex.
According to the results of 2025, Astarta reduced its total revenue from sales of key product categories by 15.6% compared to 2024, to UAH 21.05 billion, while physical sales volumes of its main products fell by 23.5%, to 1.21 million tons.
Astarta, Ukraine’s largest sugar producer, reduced its sales volume by 27.4% in October-December 2025 compared to the same period in 2025, and its revenue by 19% due to a significant decline in wheat and sugar sales, which was not offset by revenue growth in the corn, sunflower, and soybean oil segments.
According to data published by the holding on the Warsaw Stock Exchange, in October-December 2025, the company sold a total of UAH 5.16 billion worth of its main products, compared to UAH 6.37 billion in the first half of 2024.
In particular, sugar sales in the fourth quarter of last year decreased by 20% in physical terms compared to the same period in 2024, to 85,265 thousand tons, while the average selling price decreased by 12%, to UAH 19,537 per ton.
Astarta’s wheat sales in the fourth quarter decreased by 81% to 29,683 thousand tons, and the average price decreased by 15% to UAH 8.58 thousand/ton.
Corn sales in the fourth quarter increased by 46% to 48,886 thousand tons amid a 1% decrease in price to UAH 9,328 per ton.
In addition, Astarta increased sales of sunflower seeds in October-December by 30% to 26,793 thousand tons, while the selling price rose by 18% to UAH 24.82 thousand/ton.
Rapeseed sales for the reporting period decreased by 2% to 17.74 thousand tons, while the cost of production increased by 11% to UAH 23.22 thousand/ton.
Soybean sales in the fourth quarter of 2025 decreased by 97% compared to the same period in 2024 to 23 tons, while the price of the product increased by 44% to UAH 39,126 per ton.
Sales of soybean oil in the fourth quarter increased by 20% to 15.619 thousand tons, and the price of the product also increased by 17% to UAH 48.083 thousand/ton. Sales of soybean meal increased by 42% to 60,875 thousand tons, while prices for it fell by 8% to UAH 15,716 per ton.
The agricultural holding’s milk sales in October-December 2025 increased by 10% to 31,017 thousand tons, while the price of the product decreased by 14% to UAH 19.25 thousand/ton.
Overall, Astarta showed mixed dynamics in October-December: a significant drop in sales of wheat (-81%) and sugar (-20%) was partially offset by an increase in sales of corn (+46%) and soybean products. Despite the overall decline in prices for grains and sugar, the soybean and oil segment showed growth in average sales prices (by 44% and 17%, respectively), which allowed the agricultural holding to balance its cash inflows.
Sales and average selling prices of Astarta’s key products in Q4 2025.
Data: Astarta
Sugar factories continue to operate in January 2026, but the top five leaders in production have already been determined, although the exact amount of their output cannot yet be announced in all cases, said Yana Kavushevska, head of the National Association of Sugar Producers “Ukrtsukor,” in an interview with Interfax-Ukraine.
The top three leaders in the industry remain stable from year to year: Radekhiv Sugar (535,000 tons produced, but one plant is still operating), Astarta (362,000 tons), and Ukrprominvest-Agro (242,000 tons as of January 10, but the plants are still operating), noted the chair of the board of Ukrtsukor.
According to her information, the Teofipol Sugar Plant (100,000 tons) took fourth place in the 2025 season, and A’SPIK Group (94,000 tons) took fifth place.
According to Ukrtsukor, 27 sugar plants were operating in Ukraine in the 2025 season. As of January 10, four factories continue processing. According to the industry association’s forecasts, the sugar production season will end on January 18-20.
Five sugar factories belonging to the Astarta agro-industrial holding, Ukraine’s largest sugar producer, produced 361,000 tons of sugar during the 2025 sugar season, which is 5% less than in 2024 (380,000 tons), the agro-industrial holding’s press service reported on Facebook on Friday.
According to the information, sugar yield was 15.56% compared to 14.96% a year earlier and exceeded the average in Ukraine, which, according to the National Association of Sugar Producers of Ukraine (NASU) as of January 1, 2026, was 15.19%.
In total, the enterprises processed more than 2.3 million tons of sugar beets grown in the fields of the agricultural holding and in partnership with agricultural producers.
“The season was marked by high product quality that meets the most stringent market requirements,” the agricultural holding said.
It specified that this sugar processing season was the 26th in the company’s history and the 168th for the Zhdanivsky sugar factory within the holding’s structure.
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes six sugar factories, agricultural enterprises with a land bank of 220,000 hectares, dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobine (Poltava region), seven elevators, and a biogas complex.
In January-September 2025, Astarta reduced its net profit by 42.2% to EUR43.70 million, and its consolidated revenue decreased by 22.4% to EUR342.78 million.
