DN AGRAR reports net profit of 32 million RON, up 40 percent in 2024

DN AGRAR Group, Romania’s largest integrated livestock farm and leading producer of cow milk, closed the year 2024 with a preliminary consolidated turnover of 176 million RON, marking a 16 percent increase compared to 2023. Net profit advanced by 40 percent to 32 million RON, with a 18 percent net profit margin.

Jan Gijsbertus de Boer, Chairman of the Board, CEO, DN AGRAR Group: “2024 was a year of growth, resilience, and strategic progress marked by record financial results and groundbreaking investments. With milk production up by 14 percent, a 2.76 percent rise in milk prices, and greater operational efficiency, we achieved our strongest performance yet, with an EBITDA of RON 71 million, up 31 percent. We stayed on course with key investments, successfully expanding robotic technology on farms, developing Straja farm, and launching the operations at the compost factory operations. Additionally, we signed a cooperation agreement for the largest biomethane production facility in Romania, with a total capacity of up to 20 MW. This project highlights DN AGRAR’s commitment to supporting and promoting sustainable agriculture. As we look to 2025, we remain focused on expansion and innovation, advancing with the projects committed and with new investments in farm capacity, a second composting facility, and targeted plans for diversification.”

Operationally, DN AGRAR delivered approximately 63 million liters of milk in 2024, achieving over 14 percent increase in milk deliveries. Also, in the agriculture part, the company optimized operations through technological advancements in crop management, leading to a 4.4 percent reduction in production costs.

The total investments realized in 2024 amounted to approximately 39 million RON.

Key elements of profit and loss account and the balance sheet in 2024 compared to 2023:

• Operating revenues reached RON 264 million, advancing by 13 percent;
• Revenues from sold production were RON 174 million, an increase of 16 percent;
• Operating expenses amounted to RON 219 million, up by 9 percent, primarily impacted by adjustments in the valuation of tangible and intangible assets, which totaled RON 25 million, marking a 21 percent increase from the previous year.
• The total assets reached approximately RON 362 million, an increase of over 17 percent;
• Total liabilities amounted to RON 194 million, an increase of 13 percent;
• Long-term liabilities were RON 110 million, advancing by 15 percent mainly due to the significant investments undertaken throughout the year for the construction of the DN AGRAR Straja farm.