AB Akola Group, the largest agricultural and food production group in the Baltics, announced its financial results for the 2024/2025 financial year, recording consolidated revenue of €1,580 million, a 4.9% increase compared to the previous year. The Group achieved the second-highest profit in its history, exceeding €62 million. The compound feed segment experienced significant growth, with production reaching record levels and revenues increasing by 16.9%. This surge in demand necessitates further investment to expand production capacity. Conversely, the pet food segment saw a 2% decline in production and an 11% drop in sales, attributed to a shift towards premium products. Despite lower production efficiency, the focus on premium and mid-range products stabilized annual revenues, with these categories now representing 86% of total production, up from 50% the previous year. AB Akola Group is progressing with plans to expand its feed production and intends to apply for approximately €10 million in support from the National Paying Agency. As part of this strategy, the Group is evaluating technological solutions to enhance production capacity, with investment decisions to follow a thorough assessment of alternatives. The location for a new compound feed plant is under consideration, with Alytus as one of the potential sites, and the project is anticipated to be completed within the next two to three years.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AB Akola Group published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001127608-en) on September 12, 2025, and is solely responsible for the information contained therein.