Nibulon increased profits to $24.8 million thanks to new strategy

The company demonstrates an increase in yield and profitability against the background of technological renewal and management reform.

According to the results of the 2024 season, the agricultural direction of Nibulon reached an EBITDA of $24.855 million. This was reported by the company’s press service.

According to representatives of the agricultural holding, such results were achieved thanks to a large-scale reform, which included a change in management approaches, an emphasis on efficiency, investments in new technologies and production optimization.

In total, in 2024, Nibulon harvested almost 274 thousand tons of grain from an area of ​​​​51,279 hectares – this is 115 thousand tons more than in the previous season.

The main crop was corn – the company earned $16.097 million on it. The gross harvest amounted to 190,410 tons from an area of ​​​​23,730 hectares. At the same time, in the “Chyhyrynsky” cluster (Cherkash region), the yield remained at the level of 6 tons/ha.

However, the weaker results in the Cherkasy and Mykolaiv regions were compensated by high yields in the “Kamyanetsky-Podilsky” and “Khmilnytsky” clusters. These regions have become the main locations for growing corn and soybeans – crops with high profit potential.

As USM wrote, the day before, “Nibulon” announced that it was entering new markets in the Middle and Upper Danube.