Agroland, in which Horia Cardos own a 68% stake, has a market capitalization of RON117 million. Its shares have gained 16% so far in 2025.
The bulk of revenues, of RON20.1 million, in January-March 2025 came from the category of fodder and concentrates, up 12% against the same period of 2024), due to a 93% surge in production at the company’s factories located in Caransebes and Isalnita, despite price declines. The category of day old chicks generated revenue of RON17.8 million in the first quarter of 2025, up 21% on the year, while consumer eggs brought revenues of RON16.5 million, up 52% on the year, due to expanding the manufacturing capacity at the poultry farms located in Mihailesti (+37%) and higher egg prices.
Revenues from agricultural inputs stood at RON16 million in January-March 2025, down 25% on the year, due to downsizing the grain trading activity at the intra-group level by suspending these sales to third parties.
In the first three months of 2025, merchandise costs stayed put at RON40.4 million, accounting for the bulk of total expenses while costs with raw materials and materials soared 54% to RON15.1 million compared to the same period of 2024, amid increased production at the fodder factories in Isalnita and Caransebes, the pet food plant located in Bixad and the poultry farms in Mihailesti.
Staff costs stood at RON9.9 million at the end of March 2025, up 29% on the year, due to an increase in the average salary and in the number of employees to 493 from 409 in the first quarter of 2024.
At an individual level, Agroland Agribusiness ended the first three months of 2025 with sales of RON19.3 million, up 0.3% on the year, and a net profit of RON0.74 million, down 18% compared to the year-earlier period.
At a consolidated level, Agroland Group reported financial expenses of RON2.7 million in January-March 2025, up 41% on the year, due to increased bank debt carrying a variable interest rate, with the remaining expenses being incurred by the fixed interest rate for corporate bonds AAB26 and AGR28.