Turnover increased 27% and
Net Profit by 78%,

reflecting strong operational performance

Key indicators for the first quarter of 2025:
 
✅DN AGRAR has ended the first quarter of 2025 with a turnover of RON 51 million, an increase of approximately 27% compared to the same period last year. This growth was driven by an increase in both the volume of milk delivered and the selling price of milk.

✅ Net Profit reached RON 14 million, reflecting a 78% increase, with a strong net profit margin of 28%, supported by operational efficiency and favorable market conditions.

✅ EBITDA increased to 44%, reaching approximately RON 26 million.

🐄 Operationally, DN AGRAR delivered approximately 17 million liters of milk, reflecting a 7% increase in the quantity of milk delivered. This performance was supported by herd expansion, with over 16,000 head of cattle, an 11% increase compared to the same period last year.

🌱 In the agriculture sector, starting with the 2024–2025 agricultural campaign, DN AGRAR extended the application of minimum-till technology to spring crops (corn, triticale, alfalfa, wheat, barley), with the majority of the harvest used internally for animal feed.

Jan Gijsbertus de Boer

Chairman of the Board, CEO, DN AGRAR Group:

                   "DN AGRAR continued its upward trajectory in 2025, delivering the strongest quarterly performance in the company’s history in a challenging economic environment.

Our approach to managing financial performance continues to focus on three pillars: strategic investments, operational efficiency, and market adaptability.

From an operational standpoint, the commissioning of the Straja farm in March marked a key milestone and a major step forward in executing our long-term objectives. With the expansion up to 1,800 cows planned by the end of the year, Straja sets a new benchmark in terms of scale, efficiency, and sustainability across our operations.

On the financial side, increased milk production, higher selling prices, and cost optimizations played an important role in delivering the strong results, with a 44% increase in EBITDA.

Aligned with our sustainability strategy, we made investments of RON 20 million in the first quarter and approved new investments, including the construction of a second composting plant at the Lacto Agrar farm and the installation of solar panels on the rooftops of our Apold, Lacto Agrar, and Cut farms. These projects will further enhance our energy efficiency and support our long-term commitment to circular agriculture."

We invite you to discover

the summary of DN AGRAR's Q1 2025 performance,

presented by Peter de Boer,

Board Member and Strategy & IR Director

Financial highlights for Q1 2025:

✅ Operating revenue reached RON 73 million, up 22%.s
✅ Revenues from production sold were RON 51 million, up 27%.
✅ Revenues from operating subsidies advanced to RON 7 million, up by 18%, mainly following the commencement of operations at the new DN AGRAR Straja.  

✅ Operating expenses increased to RON 54 million, by 12%.
✅ The operating result recorded a significant increase of 64% in the first quarter of 2025, to RON 19 million.
✅ The total assets reached RON 380 million, an increase of over 5%, compared with the end of 2024.
✅ Total liabilities amounted to RON 199 million, up 2% compared to the end of 2024.

✅ Long-term liabilities: RON 116 million, up 5%, compared to the end of the previous year, mainly driven by drawdowns from the loan contracted with Exim Bank for the Straja farm project and new leasing contracts for agricultural equipment.

We reiterate the invitation to the teleconference to present
the Q1 2025 financial and operational results, as well as

DN AGRAR's 2025 - 2030 Strategy

Monday, May 26th, 2025, 05:00 PM, ONLINE

The event will be held in ENGLISH, with simultaneous translation

into ROMANIAN, via ZOOM.

On May 26th, 2025,

DN AGRAR will publish the

Strategy for 2025 - 2030

both on the Bucharest Stock Exchange (BVB) website (symbol DN),

and on DN AGRAR website. 

We encourage you to submit your questions before the teleconference, on the registration link or at the following email address:  investors@dn-agrar.eu !

Starting with May 22, 2025, the Report with the financial and operational results from Q1 2025, is available both on the Bucharest Stock Exchange (BVB) website (symbol DN), as well as on the DN AGRAR website, in the Investors section.

May 26th, 2025

Publication of DN AGRAR's 2025 - 2030 Strategy

May 26th, 2025

Teleconference for presenting of the Q1 2025 financial results and the 2025 -2030 Strategy

News for Investors

About DN AGRAR Group

DN AGRAR is the largest integrated zootechnical farm in Romania, with cow milk production and vegetable production. The Group works over 7,000 hectares of owned and leased land and owns over 16,000 cattle, dairy cows and young cattle. The company operates in the center of Transylvania, in Alba, Sibiu and Hunedoara counties.

DN AGRAR was founded in 2008 by Jan Gijsbertus de Boer and has been listed on the Bucharest Stock Exchange, on the AeRO market, since February 2022. The shares were included in the BETAeRO index of the most traded companies in the MULTILATERAL TRADING SYSTEM - SMT, starting September 19th, 2022, and were included in the MSCI Frontier Small Cap and MSCI Romania Small Cap indices on March 1st, 2024.

The company's main areas of activity are animal husbandry, vegetable agriculture production, agricultural services, logistics, transport, tourism and business and management consulting services.

INVESTOR RELATIONS CONTACT

Peter de Boer, BoD Member & Strategy and Investor Relations Director

investors@dn-agrar.eu, +40 258 818114

DN AGRAR Group Romania, No. 1, Iuliu Maniu, Alba-Iulia, Alba 510094, Romania