"East West Agro's profit up 54.5% last year to EUR 2.41 million

Agricultural machinery and grain storage equipment trading company „East West Agro“ made a net profit of EUR 2.41 million last year, up 54.5% on 2024 (EUR 1.56 million).

Sales revenue was €41.9 million, up 31% on 2024 (€31.9 million), the company said in preliminary figures.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) were €4.18 million – up 61.4% (€2.59 million).

„East West Agro“ estimates that last year the agricultural machinery market in Europe still showed no signs of recovery, but in Lithuania the market grew rapidly. It said that Lithuania had good cereal harvests last year, but lower farm incomes were due to sharp changes in grain and milk prices.

The company said it expects sales revenues of EUR 40 million and EBITDA of EUR 2.9 million this year.

40% of the company's shares are held by Danas Šidlauskas, 39.67% by Gediminas Kvietkauskas, 9.39% by „Multi Asset Selection Fund“, and 10.92% by „minority shareholders.