Agroland Agribusiness posts revenues of 55.2 million lei and a net profit of 2 million lei in 2024
Agroland Agribusiness (BVB: AAB), a Romanian entrepreneurial company, part of the Agroland group, specialized in the sale of inputs for agriculture, posts operating revenues of 55.2 million lei in 2024, down 3% compared to the previous year. At the same time, EBITDA reached 3.9 million lei, a 46% increase compared to 2023, while net profit amounted to 2 million lei, up 90%.
“The year 2024 was marked by significant challenges for Romania’s agricultural sector, impacting the entire production and distribution chain. However, through operational optimization, efficient capital management, and the results of investments, our company nearly doubled its net profit and recorded a significant increase in EBITDA. In this way, we strengthened our market position, ensuring a solid foundation for long-term stability and growth. This performance is even more remarkable given that it was achieved under extreme weather conditions, characterized by prolonged drought in some regions and excessive rainfall in others, which had major consequences on crops. The 2024 spring crops were the most affected, covering a total area of 2.2 million hectares, with a particularly strong impact on corn and sunflower production. Despite these difficulties, the financial results confirm our business model and our ability to adapt to the ever-evolving realities of the agricultural industry. In this context, in 2025, we will focus on developing customized solutions for farmers by diversifying our product portfolio and expanding partnerships with suppliers,” stated Florin Radu, CEO of Agroland Agribusiness.
Regarding the distribution of Agroland Agribusiness revenues by category, in 2024, the largest share of turnover came from the grain trading activity, which recorded revenues of 18.8 million lei, an 8% decrease due to the decline in agricultural production. The pesticides category generated revenues of 17.4 million lei, a 6% increase compared to 2023.
Fertilizer sales totaled 15.4 million lei, an 8% decrease compared to the previous year, driven by lower prices for these products and farmers’ lack of liquidity. Input seed revenues increased by 6%, reaching 10.3 million lei, supported by sales of the company’s own genetics cereals, launched in 2024. Revenues from input fuel sales amounted to 486 thousand lei, marking a 6% increase.
Agroland Agribusiness will operationalize the seed and grain conditioning station in Simian, Mehedinti County, in the first half of this year. Currently, the platform, which includes grain silos, warehouses for fertilizers and fuel, as well as other facilities, is undergoing a modernization process. Once completed, the station will enable the company to process seeds and grains, covering the entire process from cleaning, drying, and sorting to treatment, packaging, and storage.
“We are aware that agricultural market volatility will remain a key factor in 2025, given the economic challenges faced by farmers and the lack of legislative predictability. It is anticipated that more farmers will encounter difficulties in accessing the resources needed for crop establishment and input usage, due to persistent financial constraints and the removal of tax incentives in the sector. However, at this stage, the 2024-2025 agricultural year has favorable prospects, supported by a satisfactory level of precipitation. Additionally, estimates indicate a 7% increase in Romania’s grain production compared to 2024, while oilseed production is projected to see a significant 51% increase. Our company will continue to adapt its strategies to support sustainable growth while providing clients with the necessary support to optimize their production and enhance competitiveness. At the same time, the modernization and operationalization of the seed and grain conditioning station in Mehedinti County will enable us to develop our own processing capacity, further strengthening our competitive advantage,” added Florin Radu.
Agroland Agribusiness shares are listed on the AeRO market of the Bucharest Stock Exchange as of June 15, 2021, and are traded under the AAB symbol.
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About Agroland Agribusiness
Agroland Agribusiness is a Romanian entrepreneurial company specializing in selling inputs for agriculture. The company is currently active in the southern part of the country, namely in the counties of Dolj, Olt, Mehedinti, Arges, Teleorman, Valcea, Gorj, Dambovita, Ilfov, Ialomita, Giurgiu, Calarasi, Tulcea, Constanta, Caras-Severin, Timis and Arad. The main agricultural inputs sold by Agroland Agribusiness are fertilizers, pesticides, seeds, and fuels. Thus, the company trades the entire set of inputs needed by farmers. On a secondary level, Agroland Agribusiness is also involved in grain trading. It purchases grain from farmers and sells it to large traders who operate only in fixed points or ports. Thus, Agroland Agribusiness operates as a supplier to farmers through its inputs and as a potential buyer of farmers’ crops. Agroland Agribusiness shares are listed on the AeRO market of the Bucharest Stock Exchange as of June 15, 2021, under the AAB symbol.