The company switched to net profit in 2024, reporting a result of RON3 million, due to strategic investments, cost effective measures and the consolidation of its foothold in external markets.
The Norofert plant in the U.S. contributed to the 2024 results, with sales of almost RON1 million in the first year of activity. The new investment in Brazil is expected to generate revenues starting with 2025, according to company representatives.
NRF shares have lost 23% so far in 2025 and 36% over the last 12 months. The company has a market value of RON47.5 million. The Group’s shareholding structure includes Vlad Popescu, with an ownership stake of 36%, Ileana Popescu, with 14%, and Marius Alexe, with 12%.
The press statement also reads:
Strategic investments for sustainable growth:
• Romania: Completion of the first stage of the research laboratory from Filipestii de Padure and the implementation of the irrigation system over a surface area of 500 hectares at the Zimnicea farm.
• U.S.: Expansion of operations by inaugurating an agricultural inputs production line in Watertown, South Dakota, with a distribution of products across five states – South Dakota, North Dakota, Minnesota, Iowa and Nebraska. The plant has been profitable ever since its first year of activity, with a net result of RON341 thousand.
• Brazil: Launch of the company Norofert Brasil LTDA and the start of construction works on a plant with a capacity of 15,000 liters/day, which are due to be completed in the first quarter of 2025.