EkoNiva Group, Russia’s largest dairy holding, has presented the results of its audited consolidated IFRS statements for the financial year to 31 December 2024. *

The Group's sales revenue rose by 29% to total 91.1 billion rubles. Raw milk production remains the main growth driver – at the end of the reporting period, the Group’s output amounted to 1.35 million tonnes of raw milk in bulk and 1.44 million tonnes in standard weight (with a protein and fat content of 3.2% and 3.7%, respectively). Thus, EkoNiva kept strengthening its position as an industry leader.

The Group’s comprehensive income for 2024 totalled 98.5 billion rubles against 81.5 billion a year earlier, up 21%.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) for 2024 increased by 45% to 24.4 billion rubles. The net debt to EBITDA ratio as of 31 December fell to 3.7 versus 5.4 on the same date in 2023.

‘Following the year, EkoNiva showed a strong growth in its financial performance, which means the adopted long-term strategy has fully proved its worth. What contributed most to such results is the concerted efforts of our employees. The Group has paid much attention to the team development and motivation ever since its foundation, and now this work is paying off. We are going to further ramp up our key business areas and do our best to maintain sustainability in the dairy market to the benefit of all its players’, says Stefan Dürr, President of EkoNiva Group.

*excluding EkoNiva-Tekhnika’s performance