Agricultural Holding ‘Astarta’ Significantly Reduced Profit and Revenue in 2025
According to the results of 2025, the agricultural holding ‘Astarta’, which is the largest sugar producer in Ukraine, recorded a sharp decline in net profit. The company’s financial result fell by 4.2 times, and revenue volumes decreased by 23% compared to the previous year.
This is reported by AgroReview
Financial Performance Indicators and Revenue Structure
Astarta’s net profit in 2025 amounted to €19.94 million, which is significantly lower compared to 2024. The consolidated revenue of the company during this period was €472 million, which is 23% less than the previous year. The reasons for this decline were the reduction in oilseed crop yields, decreased sales volumes of agricultural products and sugar, as well as lower market prices.
Export sales remained a key area of the holding’s activity — they reached €294 million, accounting for 62% of total revenue. The agricultural segment contributed 32% of revenue, or €149 million, which is 28% less than in 2024.
Sugar sales decreased by 36% over the year — to €147 million, which constitutes 31% of total revenue. The soybean processing segment grew by 6% and provided 24% of revenue (€112 million), thanks to increased sales volumes.
Investments, Debt Load, and Equipment Renewal
The livestock segment showed a 6% year-on-year growth, reaching €56 million (12% of total revenue).
The company’s gross profit fell to €137 million, which is 42% less, primarily due to the decrease in the fair value of biological assets and agricultural products by €46 million — this figure reflects the trend of falling global prices. EBITDA decreased to €100 million (-37%), and the EBITDA margin dropped by 5 percentage points to 21%.
The company’s operating cash flow in 2025 decreased by 4.5 times — to €36 million, occurring against the backdrop of a 16% increase in inventories, to €186 million. At the same time, cash flow from investments rose by 91% — to €100 million.
Among the main investment areas are the renewal of the agricultural machinery fleet, the construction of a modern soybean processing plant (investments — €42 million, launch expected in the second half of 2025), the development of a multi-component seed crusher, and the reconstruction of dairy farms.
“Astarta” is a vertically integrated agricultural holding that operates in eight regions of our country and is the largest Ukrainian sugar producer. The structure of “Astarta” includes 6 sugar factories, agricultural enterprises with a land bank of about 220 thousand hectares, and dairy farms with a herd of 22 thousand heads of cattle.
The company’s net financial debt (excluding lease obligations) at the end of 2025 reached €94 million, while a year earlier the company had a positive cash position of €21 million. The total net debt doubled over the year and reached €226 million.
Astarta’s production assets include an oil extraction plant in Hlobyne (Poltava region), seven elevators, and a biogas complex.
Before the start of the spring field works, the company conducted a large-scale renewal of its agricultural machinery fleet.