Its net profit totaled RON1.3 million, down 70% year-over-year, and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) fell by 19% to RON14.1 million, the report shows.
“Although these indicators show a decline compared to the same period last year, the comparison should be interpreted in context: Q1 2024 results were positively impacted by a high volume of traded grain, with a relatively low share of own production,” according to company representatives.
GSH shares have traded 3.5% lower so far in 2025, triggering a market value of roughly RON300 million. The company is 95.8%-owned by Serban Nicolae, Chairman of the Board of Directors.
“The Group is strategically reconfiguring its operations by reducing exposure to the grain trading segment—characterized by low net margins (approximately 2%)—and shifting its focus toward the vegetable sector, where margins are 3 to 8 times higher (ranging between 5–15%, depending on the season and product category). This realignment reflects both the current market dynamics and the
increased potential to capitalize on the Group’s own agricultural production,” the report also reads.