Agricover Group reports revenue growth to RON 873 million, with its loan portfolio reaching RON 4.49 billion

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The Group closes H1 2026 with a 30% increase in net profit and a 16.8% increase in its financing portfolio

Key performance indicators:

Gross value of loans and advances granted: RON 4.49 billion, up 16.8% compared with 30 June 2025
Market share in agricultural financing: 8.7% as of 30 June 2026, compared with 7.8% as of 30 June 2025
Agribusiness revenue: RON 872.6 million, up 2.9% compared with H1 2025
Consolidated net profit: RON 81.2 million, up 30% compared with H1 2025
Farmers served across the Group: 11,189, up 9.4% compared with the 12-month period ended 30 June 2025

Bucharest, 10 September 2026 - Agricover Group, a strategic partner in financing farmers and supporting the development of Romanian agriculture, closed the first half of 2026 with positive momentum across its key business indicators and a significant improvement in profitability. The Agrifinance segment grew at a faster pace than the market, supported by an expanding customer base, while Agribusiness significantly improved its margins through a more favorable product mix, rigorous cost control and effective credit risk management.

Consolidated results: operating profit up 36%

The Group’s operating profit reached RON 100.1 million in the first half of 2026, up 36% compared with the same period last year. Consolidated net profit stood at RON 81.2 million, 30% above the level reported in H1 2025. The performance was supported both by the expansion of financing activities and by improved operating profitability in the Agribusiness segment.

Romanian agriculture: improved production outlook amid persistent cost pressures

The first half of 2026 brought a mixed picture for Romanian agriculture. It was among the few sectors to avoid contraction, despite Romania’s economy shrinking by 1.2% in the first quarter of the year. The outlook for Romania’s crops remained relatively favorable compared with other European markets. Estimated yields for wheat, barley and rapeseed are above long-term averages, while corn and sunflower remain more exposed to high temperatures, although yields are still forecast to exceed 2025 levels.

At the same time, farmers continued to operate in a challenging economic environment. Romania’s annual inflation rate reached 9.2% in June 2026, compared with 5.8% in June 2025 and 2.9% across the European Union. Developments in international energy markets added to cost pressures. At the end of June, oil prices were approximately 36% above their December 2025 level, while the global fertilizer price index stood 18% above year-end levels, after reaching a peak of more than 57% in April.

The impact on farmers was partially mitigated during the first half of the year by the fact that a significant share of the fertilizers used had been purchased before prices increased. At the same time, the approximately 10% increase in wheat prices in the European Union since the beginning of the conflict helped offset part of the additional costs.

Access to liquidity remains a significant challenge, however. Romania’s agricultural financing market grew by 4.5% in nominal terms, while non-bank financial institutions continued to grow faster than banks, which maintained a prudent approach to the sector.

“The first half of 2026 confirms that Romanian agriculture remains a resilient sector, while farmers continue to operate under significant cost and liquidity pressures. Production prospects are better than in previous years, but inflation, high energy and fertilizer costs, and more difficult access to financing continue to influence farm-level decisions.

Against this backdrop, Agricover’s results reflect both the real market need for financing and integrated solutions and the discipline with which we have managed our growth, costs and risk. We will continue to focus on supporting farmers and developing a sustainable business model capable of delivering long-term performance in a sector that remains essential to Romania’s economy.” - Liviu Dobre, CEO, Agricover Holding.

Agrifinance: outpacing market growth

The gross value of loans and advances granted to Agrifinance customers reached RON 4.49 billion, up 16.8% compared with 30 June 2025, three times the 4.5% growth recorded by the agricultural financing market. Agricover’s market share in agricultural financing increased to 8.7%, from 7.8% one year earlier.

Portfolio growth was primarily driven by the expansion of the customer base. The number of Agrifinance customers increased to 5,376, from 4,849, while average exposure per customer rose by 5.3%. Net interest income increased by 8.5% to RON 133.3 million, while profit before tax reached RON 64.5 million, up 4.9%.

The non-performing loan ratio increased to 4.22%, from 3.21%, but remained below the 6.1% level recorded as of 31 March 2026 for loans and advances granted to SMEs in the local market. The collateral coverage ratio increased to 58%, from 55% one year earlier.

Agribusiness: significant improvement in profitability

The Agribusiness segment generated revenue of RON 872.6 million, up 2.9% compared with the same period in 2025. Operating profit reached RON 41.0 million, compared with RON 17.1 million in H1 2025, while the operating margin increased to 4.7%, from 2.0%.

The performance reflected a more favorable product mix, rigorous cost control and effective credit risk management. Crop nutrition products recorded a 12.1% increase in revenue, also supported by a 3.7% increase in sales volumes. Segment gross profit increased to RON 59.3 million, from RON 31.5 million, while the gross margin improved from 3.7% to 6.8%.

Outlook

The first part of the year showed Romanian agriculture in a better position from a production perspective, while remaining exposed to pressures arising from high costs, inflation and access to financing. In the second half of the year and throughout the 2026/27 agricultural season, energy and fertilizer costs will remain important factors. As the impact of inputs purchased earlier at lower prices gradually fades, farmers may become more exposed to the new cost levels.

Against this backdrop, Agricover continues to pursue disciplined growth, supported by farmers’ access to financing and agricultural inputs, together with prudent risk management.

About Agricover

Agricover Group is a landmark in the agricultural field in Romania, serving more than 11,000 farmers nationwide. With 25 years of experience and an entrepreneurial approach to business development, Agricover delivers innovative solutions that drive long-term transformation in farmers’ businesses and lives.

Agricover Holding includes:

Agricover Credit IFN, one of the largest non-banking financial institutions in Romania, specialized in financing farmers’ operations and investments.
Agricover Distribution and Agricover Commodities, specialized in the distribution of agricultural inputs – crop protection and nutrition products, certified seeds, and fuels.

For more information, visit www.agricover.ro