In 2024, as Ukraine showed remarkable resilience amid ongoing aggression, Astarta remained committed to strengthening the country’s economic and social foundation. The Company stands with its employees, communities, and all Ukrainians, supporting the Armed Forces, providing vital assistance, sustaining operations, and paying taxes responsibly.
Astarta demonstrated a resilient export strategy amid wartime challenges, successfully leveraging stable operations at Odesa seaports to boost exports. The Company maintained strong positions in domestic and international markets while exploring new growth opportunities. In 2024, Astarta exported 197kt of sugar—a four-fold increase from 2023—808kt of grains and oilseeds (up 1% y-o-y), and 182kt of soybean products (up 1% y-o-y).
On the financial side, Astarta delivered sound results with the revenues of EUR612m, stable y-o-y, Net profit increased by 34% y-o-y to EUR83 m, and the export share increasing from 54% to 66% of the total.
Agriculture
Revenues decreased by 13% y-o-y to EUR209m on lower harvest and sales. Exports, supported by stable Odesa seaport operations, accounted for 89% of segment revenues (+11pp y-o-y).
As of end-March 2025, Astarta’s agricultural subsidiaries launched the spring planting campaign.
Astarta allocated land as follows: sugar beet – 34kha; soybeans – 55kha; winter wheat – 46kha; sunflowers – 27kha; winter rapeseeds – 13kha; corn – 13kha. Organic farming area remained at 2kha. Final acreage will be confirmed after planting.
Sugar Production
Thanks to strong partnerships with sugar beet suppliers, Astarta produced 380kt of sugar in 2024 (+1% y-o-y)—the highest in seven years. A new sugar silo was built to improve quality and streamline logistics.
Sugar sales volumes rose 40% y-o-y to 396kt, with exports accounting for half of total sales—a four-fold increase from 2023.
Segment revenues grew 15% y-o-y to a record EUR229m, making up 37% of consolidated revenues.
Soybean Production
In 2024, Astarta ensured stable in-house soybean supplies to its processing plant, which made up 68% of the 226kt total processed, up from 32% in 2023.
Revenues declined 13% y-o-y to EUR106m due to lower prices, with exports accounting for 85%.
The EUR75m Soybean Protein Concentrate project is underway, targeting an annual capacity of 102kt.
Cattle Farming
Efficiency improvements in cattle farming—involving consolidation, reconstruction, and a focus on breeding and genetics —led to a 3% y-o-y rise in milk output to 119kt. The average herd grew 9% y-o-y to 28k heads.
Revenues increased 25% y-o-y to EUR53m, driven by higher volumes and prices. Milk sales rose 3% y-o-y to 114kt, all sold domestically, reaffirming Astarta as Ukraine’s largest industrial milk producer.
Responsible Partnership Ecosystem (social impact projects)
Public-private partnerships are vital to Astarta’s success and Ukraine’s resilience. In 2024, we continued developing and scaling the Common Help Ukraine project, co-founded with the Charitable Foundation “Believe in Yourself.” This initiative brought together businesses, international organisations, and communities, with total charitable and humanitarian aid exceeding EUR35m since launch. Our efforts are concentrated on: providing financial and educational grants to support regional entrepreneurship; supporting Resilience Centres that offer free psychological assistance to those affected by the war; and launching a new large-scale project, Active Longevity.
”Our focus remains on advancing Ukraine’s victory and strengthening our business. We’ll grow our global presence through partnerships, continue humanitarian efforts, support communities, expand our product range, and integrate AI and automation. Sustainable development is central to our long-term strategy. Despite challenges, we are confident in our diversified model, strong team, and resilient agro-industrial ecosystem,” said Viktor Ivanchyk, Astarta’s founder and CEO.