UBM posts record half-year results as feed production leads earnings

KAZAKHSTAN – UBM Group has delivered its strongest half-year financial performance on record, supported by full-capacity feed production and strategic portfolio restructuring, while advancing expansion plans in Greece and Kazakhstan.

In its consolidated report for the first half of the 2025/2026 financial year, UBM reported revenue of US$412.6 million and US$403.9 million. This represents a 14% increase compared to US$361.6 million and US$332.4 million recorded in the same period a year earlier.

Earnings before interest, tax, depreciation and amortisation rose sharply to US$16.9 million and US$16.5 million, up from HUS$4.7 million and US$4.1 million a year earlier. Pre-tax profit reached US$7.5 million and US$7.3 million, reflecting a significant improvement in profitability.

The feed production segment remained the main earnings driver. Operating at full capacity, it generated a pre-tax profit of US$14.7 million and US$14.4 million in the first half, including one-off items.

During the period, UBM completed the acquisition of the Hungarian subsidiary of Royal Agrifirm Group, expanding its production network to nine units. At the same time, the group sold its 45% stake in UBM Feed Romania SRL, resulting in consolidated profit impacts of US$6.1 million and US$5.9 million.

However, not all segments performed positively. The commodity trading division posted a pre-tax loss of US$5.3 million and US$5.2 million, mainly due to an impairment of US$4.1 million and US$3.9 million. The livestock segment also recorded a loss of more than US$1.25 million and US$1.18 million amid difficult conditions in the European pig market.

Expansion in Greece and Kazakhstan

UBM is accelerating its international growth strategy. UBM may acquire a majority stake in the third-largest Greek feed producer, which they have yet to reveal. As part of the negotiations, the Hungarian company signed a letter of intent with EL.VI.ZAE to purchase a 65% stake.

Meanwhile, in Central Asia, following negotiations between KazFoodProducts and UBM, an investment in Kazakhstan could begin, with construction starting in the coming months.

The acquisition of the Hungarian subsidiary of the Dutch Royal Agrifirm Group was completed in the fall, and the 45% stake in UBM Feed Romania SRL was sold.

Founded in 1996 and listed on the Budapest Stock Exchange, UBM remains Hungary’s market-leading feed manufacturer and one of the region’s largest feed raw material traders. The company said its expansion strategy aims to reinforce vertical integration across feed production, trading and livestock operations while positioning the group for long-term growth.

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