Key indicators for the first 9 months of 2025:

✅ DN AGRAR reported exceptional results in the first nine months of 2025, the company recording a turnover of 158 million lei, up by 25% compared to the same period last year.

✅ The Net Profit doubled to 43 million lei, reflecting a 104% increase, evolution primarily driven by the consolidation of core business revenues and the implementation of efficiency measures for cost optimization.

✅ EBITDA increased by 55%, reaching approximately 78 million RON.

🐄 Operationally, the results recorded in the first 9 months were supported by herd expansion to 17,000 cattle, leading to higher milk deliveries, of 52 million litters in the first 9 months of the year (+11% year-on-year), supported as well by a higher average selling milk price.

✅ In the first nine months of 2025, DN AGRAR accelerated its development process through significant investments, totaling RON 42 million, that is reflected in several key projects: the construction of the Straja farm, the development of the 2nd composting line, at the Lacto Agrar farm, the purchase of agricultural equipment, and solar panels investments.

🌱 The second compost factory, that will expand the organic fertilizer production capacity up to 14,000 tons, is expected to become operational in Q4 2025. 

Peter de Boer

CEO & BoD Member
DN AGRAR Group:  

"DN AGRAR Group continued its strong growth trajectory despite the challenges posed by difficult weather conditions and fiscal changes, with a 49% EBITDA margin and a doubling of the profit compared to the first nine months of 2024. We expect to exceed the annual results forecasted in March 2025, and the upward revision of the consolidated budget published in September confirms the solid momentum across all business lines.

   An important milestone of this period was the rapid progress at the Straja farm, where we reached the livestock target set for this year almost four months earlier.

   As of September 30th, the farm already had 1,900 heads and we expect to reach 2,200 animals by the end of this year. This expansion supports a projected 10% increase in milk production for 2025, already visible also in the results so far.

   The Romanian dairy and agribusiness market remains complex, influenced by economic, climatic, and legislative pressures, including the extension of the dairy price cap until March 2026, which continues to weigh on margins across the value chain. Nevertheless, we remain confident in the fourth-quarter results, although we expect growth to moderate.”

Financial highlights for the first 9 months of 2025:

✅ Operating revenue reached RON 245 million, an increase of 27%.
✅ Revenues from production sold were RON 151 million, up by 20%.
✅ Operating subsidies advanced to approximately RON 22 million, up by 28%, following the commencement of operations at the Straja farm and the increase of the subsidy for dairy cattle welfare.
✅ Operating expenses increased to RON 186 million, up by approximately 15%.
✅ Operating profit recorded a significant increase of 89%, to approximately RON 60 million.
✅ Total assets reached RON 418 million, approximately 16% increase compared to the end of 2024.
✅ Total liabilities amounted to RON 208 million, up by 7% compared to the end of 2024.
✅ Long-term liabilities increased to RON 129 million, up by 17%, compared to the end of the previous year, mainly due to investments in the Straja farm, solar panels, compost factory equipment and new leasing contracts for agricultural equipment.

WEDNESDAY, NOVEMBER 19th, 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 !

As of November 18th, 2025, the Report with the financial and operational results from the first 9 months of 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. 

November 19th, 2025

Teleconference for presenting the results of Q3 2025 Financial Report

News for Investors

About DN AGRAR Group

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 of 17,000 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

Peter de Boer, CEO & BoD Member

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

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