2024 Results: AgroGeneration Declines but Shows Signs of Improvement

AgroGeneration, active in Ukraine, reports better 2024 results than 2023 despite a challenging environment. Net losses amount to €1.5 million, an improvement from €7.9 million in 2023. Performance is hampered by drought and unstable conditions due to the war in Ukraine.

The acquisition by Novaagro Ukraine LLC at the end of October 2024 enabled the reduction of essential administrative costs and the repayment of debts to the previous owner. Revenue increased to €22.6 million, thanks to the full sale of the 2024 harvest in a favorable market price.

For 2025, uncertainty looms due to funding hampered by the geopolitical context. However, financial support from the main shareholder is securing the spring sowing campaign, which is in line with plan, with a credit line through Ukreximbank. The market remains tense, impacted by the ongoing attacks.