Romanian cooperative Agricover experiences a 50% increase in net profit during the first half of the year, primarily due to enhanced lending activities and increased input sales.
Agricover Holding Reports Significant Growth in First Half of 2025
In a statement made on August 26, 2025, Liviu Dobre, CEO of Agricover Holding, announced a 55% increase in net profit for the first six months of the year, amounting to RON 62.7 million (EUR 12.6 million). This impressive growth occurred in a challenging year for Romanian agriculture, marked by good harvests but low revenues and tight liquidity.
The company's pre-tax profit from lending rose by 2.2% to RON 61.5 million, while consolidated revenues increased by 5.1% year-on-year. The growth of Agricover Holding was achieved despite subdued farmer incomes and low crop prices, demonstrating the resilience of the company's integrated model.
Agricover Holding's integrated model, combining financing with input supply, contributed to the growth of its gross loan portfolio, which expanded by 14.3% to RON 3.84 billion. The input distribution unit of Agricover posted revenues of RON 850 million, up 5.1% year-on-year, and operating profit of RON 16.8 million compared with a RON 4.3 million loss a year earlier.
The growth in input distribution was strongest in crop nutrition products (+21.7%) and crop protection chemicals (+12.6%). Despite these successes, Agricover Holding continues to face climate volatility, liquidity constraints, and technological adaptation pressures in Romanian agriculture.
Liviu Dobre also highlighted that Agricover Holding gained market share with its integrated model, currently holding a 7.8% share of Romania's agricultural financing market. The company aims to maintain steady growth and strengthen its role as a key financier of Romanian agriculture.
Notably, Agricover's non-performing loans stood at 3.2%, below the sector average, indicating a strong financial position. The company will continue to navigate the challenges of the Romanian agricultural sector, striving for continued growth and success.
