DN AGRAR Group, one of the leading integrated agrifood company in Romania and the largest dairy milk producer in Europe, closed the first semester of 2025 with a turnover of RON 101 million, up 22 percent year-on-year, and a net profit of RON 27 million, up by 80 percent. The results were underpinned by a 6 percent increase in the quantity of milk delivered and a higher average selling milk price.

Peter de Boer, CEO, DN AGRAR Group: “Marked by both achievements and challenges, the first half of 2025 showcased strong progress across operations, financials, and strategy. 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. The biomethane production 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.”

Financial highlights for H1 2025:

• Operating revenue reached RON 159 million, up by 20 percent.
• Revenues from production sold were RON 99 million, up by 19 percent.
• Revenues from operating subsidies advanced to approximately RON 15 million, up by 30 percent, 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 percent.
• The operating result recorded a significant increase of 72 percent in the first half of 2025, to RON 39 million.
• The total assets reached RON 393 million, an increase of approximately 9 percent compared to the end of 2024.
• Total liabilities amounted to RON 199 million, up by 2 percent compared to the end of 2024.
• Long-term liabilities were RON 123 million, up by 11 percent, 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.

Operationally, the results recorded in the first semester were supported by herd expansion, with over 16,000 cattle (+11 percent year-on-year), and milk deliveries of 34 million litters in H1 2025. The unfavourable weather conditions affected output in the agriculture segment; however, the financial impact was partially offset by lower grain purchase prices and internal efficiency measures. For the second part of the year, DN AGRAR anticipates that the milk price will remain at a favorable level.