DN AGRAR reported a 49% fall in net profit
DN AGRAR Group, an integrated agrifood company in Romania and Europe’s largest dairy milk producer, reported operating revenue of RON 158 million for the six months to June 2026, unchanged from the same period a year earlier. Revenue from production sold fell by 9% to RON 90 million.
Milk remained the company’s main source of sales, supplemented by compost and young cattle. Operating subsidies rose by 49% to RON 22 million. The increase reflected higher support for milk production and animal welfare, including a non-recurring element, as well as the addition of the Straja farm to the eligible base.
Operating expenses increased by 10% to RON 132 million, mainly in connection with the expansion of DN AGRAR’s operations. EBITDA was RON 36 million, corresponding to a margin of 40%. Net profit declined by 49% to RON 13.7 million.
The company said milk selling prices were 30% lower than a year earlier. Its financial result was also reduced by RON 8.5 million, mainly because the revaluation of foreign-currency loan balances generated larger foreign-exchange losses. DN AGRAR said this accounting effect did not directly represent the performance of its operating activities.
Peter de Boer, the group’s chief executive, said: “The turnover recorded a moderate decline, while profitability was lower primarily reflecting the decline of the milk prices with 30% and the unfavorable movements of the exchange rate.” He added that the company had budgeted for a market adjustment in 2026 and was concentrating on production, operating efficiency, cost control and investment projects.
DN AGRAR invested more than €6 million during the first half and obtained about €20 million in financing. It completed a new milk-processing facility, arranged funding for the CUT 2 farm and two composting plants, and continued work on a vertical wheatgrass farm, the Food Cluster initiative and a biomethane project. The group also signed a binding offer to acquire Panorganic Vitavit.
Total assets stood at RON 477 million at the end of June, 8% above the level at the end of 2025. Total liabilities rose by 10% to RON 244 million, while long-term liabilities increased by 4% to approximately RON 138 million as the investment programme continued.
