DN AGRAR
delivers record performance in
H1 2025 and sets course for growth and profitability
|
Turnover increased by 22% and
Net Profit by 80%
|
Key indicators for the first half of 2025:
✅DN AGRAR has ended the first half of 2025 with a turnover of RON 101 million, an increase of 22% compared to the same period last year. This growth was driven by an increase by 6% in the volume of milk delivered, and a higher average selling milk price.
✅ Net Profit reached RON 27 million, reflecting a 80% increase, supported by operational efficiency and favorable market conditions.
✅ EBITDA increased to 42%, reaching approximately RON 49 million.
🐄 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.
🌱 On the agricultural side, climate conditions have been unfavorable, leading to lower crop production at lower quality. However, at the group level, the financial impact of this has been partially offset by lower prices for cereals bought from the market compared to 2024 levels and internal efficiencies.
|
Peter de Boer
CEO & BoD Member
DN AGRAR Group:
"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 fertilizer is estimated in September. Our biomethane partnership with BSOG Energy reached a new stage with land secured and permitting in progress.
Each step brings us closer to our vision of sustainable, circular farming that creates long-term value.”
|
|
We invite you to discover
the summary of DN AGRAR's H1 2025 performance,
presented by Peter de Boer, CEO & BoD Member of DN AGRAR
|
Financial highlights for H1 2025:
✅ Operating revenue reached RON 159 million, up by 20%.
✅ Revenues from production sold were RON 99 million, up by 19%.
✅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.
✅ Operating expenses increased to RON 120 million, up by approximately 10%.
✅ The operating result recorded a significant increase of 72% in the first half of 2025, to RON 39 million.
✅ The total assets reached RON 393 million, an increase of approximately 9% compared to the end of 2024.
✅ Total liabilities amounted to RON 199 million, up by 2% compared to the end of 2024.
✅ Long-term liabilities were 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.
|
➡️ DN AGRAR 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.
|
Operational Highlights:
➡️ Dairy sector: the milk volumes are expected to remain at elevated levels in both Q3 and Q4, due to herd expansion and productivity gains, supporting further revenue growth. Results from July confirm this trajectory, with a 20% increase in milk deliveries compared to July 2024. DN AGRAR is on track to meet its annual target of at least 70 million liters of milk, a 10% increase over 2024.
➡️ Agriculture sector: in certain areas, harvests were reduced to almost half of the tons per hectare compared to last year. This will have an impact on DN AGRAR's financial performance.
➡️ Business diversification: DN AGRAR's diversified operations is a combination of dairy, crop production, and compost sales, that provides a more balanced revenue structure, reducing exposure to external shocks in any single area.
|
Financial Highlights:
➡️ Margins: regardless of the relatively favorable market prices for the cereals and rapeseed, a decrease of the in-house crop production increases external purchases, leading to higher overall feed costs; this means that the overall effect in the Q3 will still be slightly negative for margins.
➡️ Drought impact: the impact of the drought will become even more visible in Q4 2025 as production costs for cereals are recalculated.
➡️ Q4 2025 Growth: despite these challenges, DN AGRAR continues to expect growth in Q4 2025, versus similar period in 2024, although at a slower pace than in the first half of this year.
|
We reiterate the invitation to the teleconference for the presentation
of the financial and operational results for the first half of 2025
|
THURSDAY, AUGUST 28th, 2025, 05:00 PM, ONLINE
|
The event will be held in ENGLISH, with simultaneous translation
into ROMANIAN, via ZOOM.
|
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 August 27th, 2025, the Report with the financial and operational results from H1 2025, will be available both on the Bucharest Stock Exchange (BVB) website (symbol DN), as well as on the DN AGRAR website, in the Investors section
|
JOIN US
AT DN AGRAR’S 2ND
INVESTOR DAY
|
Secure your spot at
DN AGRAR’s 2nd Investor Day
|
🔍 Explore the future of European agri-food with DN AGRAR Group - the largest milk producer in Europe and one of the leading integrated agri-food company in Romania.
🙌 Don’t miss the chance and join us on 19th September 2025 to connect with the leadership team, discover the ambitious 2025–2030 Development Strategy, and visit cutting-edge operations before the anticipated upgrade to the Main Market of the Bucharest Stock Exchange.
|
Places are limited – RSVP by 1st of September,
at the LINK below.
|
Get ready for a transformative day
in the heart of European agri-food innovation!
We look forward to seeing you on September 19th, 2025!
For inquiries, contact us at
investors@dn-agrar.eu or visit www.dn-agrar.eu.
|
August 28th, 2025
Teleconference for presenting the results of H1 2025 Financial Report
|
September 19th, 2025
Investor Day
|
November 18th, 2025
Q3 2025 Financial Report publication
|
November 19th, 2025
Teleconference for presenting the results of Q3 2025 Financial Report
|
DN AGRAR informed the shareholders and investors that on August 28th, 2025, starting 05:00 PM (Romanian time), will be hosting a teleconference to present the financial and operational results for the first half of 2025.
|
Peter de Boer, DN AGRAR's CEO & BoD Member, gave an interview to Aleph News. During the discussion, he announced the company's intention to revise its 2025 budget. This decision is being made due to better-than-expected milk production and an increase in its average selling price.
The full interview is available HERE.
|
Peter de Boer, DN AGRAR's CEO & BoD Member, gave an interview to Ziarul Financiar, highlighting a potential revision of the budget due to the better-than-expected performance of the main business segment—higher milk production and rising prices—as well as progress on the group's strategic projects, including those related to compost and renewable energy.
The full article is available HERE.
|
DN AGRAR published the key operational indicators for the first 7 months of 2025.
|
DN AGRAR announced the "Investor Day" event, that will be held on September 19th, 2025, on the Straja farm premises.
|
DN AGRAR is the largest dairy milk producer in Europe and one of the leading integrated agrifood company in Romania, listed on the Bucharest Stock Exchange since 2022.
The Group operates an integrated business model focused on milk production, crop cultivation, organic composting and green energy, supporting a sustainable, circular agriculture.
With five large-scale farms and a livestock base exceeding 16,000 heads, it delivers approximately 70 million liters of milk per year, with the goal to double the production to 150–200 million liters annually by 2030.
DN AGRAR Group manages more than 10,000 hectares of farmland and two compost facilities with a capacity of 14,000 tons of organic fertilizer per year, aiming to increase this to 40,000 tons by 2030.
The Group has tripled its business in just three years since going public and now targets a doubling of EBITDA by 2030, alongside the ambition to produce net-zero milk.
To support its growth as a regional leader in premium dairy and food production, DN AGRAR Group’s 2030 strategy combines the doubling of milk production capacity with expansion into complementary business segments.
|
These include vertical wheatgrass farms, expected to supply 25% of the current feed input, biomethane production in partnership, industrial greenhouses, and expanded composting infrastructure. Together, these initiatives are designed to enhance operational performance and efficiency, being also enables for the development of industrial clusters and projects for increasing milk value.
Founded as a family business in 2008 by Jan Gijsbertus de Boer, DN AGRAR Group operates in the heart of Transylvania, with activities spanning in tree counties - Alba, Sibiu, and Hunedoara. Listed on the AeRO market of the Bucharest Stock Exchange since February 2022, the company is included in the BETAeRO local index, as well as in the international indices MSCI Frontier IMI and MSCI Romania IMI (Small Cap category).
|
INVESTOR RELATIONS CONTACT
|
DN AGRAR Group Romania, No. 1, Iuliu Maniu, Alba-Iulia, Alba 510094, Romania
|
|
