EkoNiva Group, Russia’s largest dairy holding, has released the results of its audited consolidated IFRS statements over January–June 2026.

In the first half of 2026, the Group’s sales revenue amounted to 45.2 billion rubles, down 2.8% year-on-year. The slowdown was primarily due to lower raw milk prices as compared with the same period last year. According to the National Association of Milk Producers (Soyuzmoloko), the average farmgate price for raw milk in fat- and protein corrected weight (a protein and fat content of 3.2% and 3.7%, respectively) during January–June 2026 amounted to 41.25 rub./kg excluding VAT and logistics against 47.31 rub./kg in the same period last year.

Meanwhile, raw milk production on EkoNiva’s farms increased by 3% to 732,400 tonnes in physical weight and by 4% to 813,200 tonnes in fat- and protein-corrected weight over January–June 2026. The average herd size across the Group’s farms during the reporting period stood at over 257,700 head, including 121,700 dairy cows (the first half of 2025: 251,300 and 119,300 head, respectively). EkoNiva continued to strengthen its position as the country’s industry leader.

The Group’s comprehensive income over the reporting period totalled 56.4 billion rubles against 60.9 billion a year earlier.

Net profit over the first half of 2026 amounted to 1.1 billion rubles (January–June 2025: 9.4 billion rubles). The decrease was largely driven by lower revenue from raw milk sales and increased operating expenses.