DN AGRAR reports net profit of US$6.22M in H1 2025

ROMANIA – DN AGRAR has reported a net profit of US$6.22 million (RON 27 million) in H1 2025, reflecting an 80% increase, driven by operational efficiency and favourable market conditions.

Turnover reached US$23.26 million (RON 101 million), representing a 22% increase compared to the same period last year. This growth was driven by a 6% increase by 6% in the volume of milk delivered and a higher average selling milk price.

Operationally, the results recorded in the first semester were supported by herd expansion, with over 16,000 cattle (+11% year-on-year), and milk deliveries of 34 million litters in H1 2025.

Operating revenue reached US$36.10 million (RON 159 million), a 20% increase, revenues from production sales were US$22.82 million (RON 99 million), a 19% increase, and revenues from operating subsidies advanced to approximately RON 15 million, up by 30%, following the commencement of operations at the new DN AGRAR Straja farm and the increase of the subsidy for dairy cattle welfare.

Long-term liabilities were US$28.11 million (RON 123 million), up by 11%, compared to the end of the previous year, following the investments realized in the first semester for Straja, solar panels, equipment for the compost factory and new leasing contracts for agricultural equipment.

Peter de Boer, CEO & BoD Member of DN AGRAR Group, said, “Marked by both achievements and challenges, the first half of 2025 showcased strong progress across operations, financials, and strategy. We published our 2025–2030 Development Strategy, strengthened our leadership, and delivered the best semester in our history, reaching a 49% EBITDA margin despite external pressures.

“We continued to deliver on our commitments, investing RON 32 million in advancing key projects. Renewable energy capacity grew with solar installations at Apold, Cut, and Lacto Agrar farms. The development of the Straja farm accelerated ahead of schedule, expected to reach 1,800 animals by the end of August.

“The second compost factory at Lacto Agrar is advancing toward year-end commissioning, and the certification for organic fertiliser is estimated in September. Our biomethane partnership with BSOG Energy reached a new stage with land secured and permitting in progress.”

Outlook 2025

The company maintains a positive outlook for the second half of 2025, expecting continued growth despite significant challenges, primarily from unfavorable climate conditions.

On the pricing side, the market environment remains favorable and DN AGRAR anticipates for Q3 an average milk price higher than in the same quarter of 2024. For Q4, milk prices are projected to remain stable and above last year’s levels.

DN AGRAR will publish a revised budget on September 9th, 2025, considering the developments in the first semester of this year and all the factors potentially impacting the results in the second part of the year across all business lines – milk production, crop production, and compost.

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