UBM Group increased its sales revenue to almost 240 billion forints

According to the information, the shareholders of UBM Holding Plc. approved the company’s annual reports at the general meeting on Friday. Despite the record sales revenue, the group recorded a loss of 45 million forints as profit before tax, after the 1.93 billion forints achieved in the base period. The negative pre-tax result was mainly due to one-off items, a significant impairment loss due to the insolvency of a customer, and higher volatility and weaker performance in the livestock segment, they wrote. The company’s feed production increased by 6 percent to 481 thousand tonnes, while trade in the main protein carriers (soybean meal and soybeans) increased by 49 percent to 356 thousand tonnes. The volume of cereals and oilseeds increased by 19 percent to 1.25 million tonnes, bringing the total production and trade turnover to almost 20 percent higher, to around 2.1 million tonnes, in the 2024/2025 business year.

The UBM Group currently exports to 20 countries

More than a third of its total consolidated sales revenue – 34.2 percent – comes from Western Europe, primarily Italy, Germany and Austria. 44.1 percent of the group’s consolidated sales revenue comes from the Hungarian market, while 55.9 percent comes from export activities – they announced. As they wrote, the agricultural group continued its investments and international expansion. UBM is planning an investment in Kazakhstan worth approximately 50 million euros, or about 20 billion forints, which could increase the group’s sales revenue by 15 percent. The group acquired Agrifirm Hungary Zrt., which is part of the Dutch Royal Agrifirm Group, and will continue its activities under the name UBM Nutrition Zrt., thus increasing the group’s total production capacity in Hungary by 40 percent, to almost 850 thousand tons. By involving new fattening farms, the company was also able to increase its livestock production capacity, so that it can now produce about 240 thousand pigs per year – the press release reads. It was announced that in the last business year, UBM also put into operation its 4-megawatt solar power plant in Nyírmeggyes, built at a cost of almost 1.8 billion forints. Thanks to the power plant, the group will be able to provide 64 percent of the electricity needs of the feed mixing factories and other plants of UBM Feed Zrt. from renewable energy sources.

MTI