KSG AGRO SA

What KSG AGRO SA does

KSG Agro SA is a vertically integrated Ukrainian agricultural holding listed on the Warsaw Stock Exchange (WSE:KSG) under a Luxembourg parent entity, with operational headquarters in Dnipro. The company runs two core segments: crop production on approximately 20,000-24,000 hectares of land in the Dnipropetrovsk region (wheat, sunflower, corn, barley, rapeseed, sorghum), and industrial pig breeding through its Strong-Invest subsidiary operating the Niva Trudova complex, the third-largest in the former USSR, with 52,500-60,000 head capacity and own slaughterhouse and compound feed facilities. Technology stack is built around premium imported genetics (Danish DanBred since 2013 and Canadian Genesus since 2021), Big Dutchman European pig-farming equipment, Strip-till cultivation, drip irrigation, and energy-autonomous infrastructure including a 1.2 MW cogeneration plant (installed 2025) and 5 biomass pellet boilers totaling 8.35 MW.

The company generates revenue through three streams: B2B sales of live pigs and packaged pork (domestic Ukraine and export, with a 22% share of Ukrainian live pig exports to Georgia); commodity grain and oilseed sales exported to Middle East markets and flour shipments to China; and biomass heat supply to municipal/social facilities in its operating region. GTM is enterprise-direct B2B with limited consumer branding; investor relations through WSE ESPI filings, Polish investor forums, and press releases are the primary marketing channel. The corporate structure includes wholly-owned Ukrainian operating subsidiaries (KSG Dnipro LLC, SPE Promvok LLC, Rantye LLC, Strong-Invest LLC), intermediate Cyprus holdings, and a Swiss trading entity (Abbondanza SA), with chairman Serhiy Kasyanov as the controlling shareholder.

Financial performance has inflected positively: revenue grew 23% in 2022 and 16% in 2023, product sales rose 17.6% in 2024 (operating profit $3.7M), and 2025 saw operating profit more than double to $6.4M with EBITDA up 74% to $7.5M. The company holds a BBB international credit rating and uaA+ national rating from Expert-Rating (2023/2024), is a member of the European Business Association and the Association of Pig Breeders of Ukraine, and operates from a workforce of 500+ employees, expanded by 30% since February 2022.

Name

KSG AGRO SA

Legal name

KSG Agro S.A.

Website

https://ksgagro.com

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

KSG Agro SA is a vertically integrated Ukrainian agricultural holding operating pig breeding (52,500-60,000 head) and crop production (~24,000 hectares) in Dnipropetrovsk, listed on the Warsaw Stock Exchange, exporting to Georgia and the Middle East.

Ownership category

akta.pro rank

Product category

Agricultural Production - Pig Breeding and Crop Farming

NAICS

Hog and Pig Farming (112210), Animal Food Manufacturing (3111)

SIC

Agricultural Prod-Livestock & Animal Specialties (200), Agricultural Production-Crops (100)

akta.pro primary industry

Farrowing & Breeding Herd Farms (Sow Farms) (AFAEAEAB)

akta.pro secondary industries

Wean-to-Finish Hog Operations (AFAEAEAC), Finishing Hog Production (Grow-Finish) (AFAEAEAE)

Keywords

• Pig breeding operations
• Crop production services
• Agricultural commodity exports
• Vertically integrated agribusiness
• Packaged pork production

Headquarters

HQ city

Dnipro

HQ country

Ukraine

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Pig Sales (Live Pigs and Pork): Sale of live pigs and packaged pork products. The company operates pig complexes with 52,500-60,000 head capacity and plans to reach 110-120 thousand head. Own slaughterhouse line operational since 2021 in Dnipro.
2. Crop Sales (Grains and Oilseeds): Sale of agricultural crops including wheat, sunflower, corn, barley, rapeseed, and sorghum. The company cultivates approximately 20,000-24,000 hectares of land. Export oriented with focus on Middle East markets.
3. Heat and Energy Generation: Biomass heating through pellet boilers supplying heat to social facilities. The company operates 5 pellet boilers with 8.35 MW total capacity and plans to modernize additional boiler houses.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

KSG Agro is a vertically integrated European-innovative agricultural holding operating two core business segments: industrial pig breeding and crop production. The pig breeding segment runs a complex housing 52,500–60,000 pigs using Danish DanBred and Canadian Genesus genetics with Big Dutchman equipment and an in-house compound feed mill. The crop production segment cultivates approximately 20,000–24,000 hectares of wheat, sunflower, corn, barley, rapeseed, and sorghum in the Dnipropetrovsk region. The group also produces packaged pork from its own Dnipro slaughterhouse and biofuel pellets for heating, and is publicly listed on the Warsaw Stock Exchange.

Product overview

KSG AGRO SA is a vertically integrated European innovative agricultural holding operating two core business segments: pig breeding and crop production. The pig breeding segment (Strong-Invest LLC) maintains approximately 55,000-60,000 pigs simultaneously and includes its own compound feed production, while the crop production segment (KSG Dnipro LLC, SPE Promvok LLC) cultivates approximately 20,000-24,000 hectares. The company offers packaged pork products (launched 2021) and biofuel pellets. The holding provides agricultural consulting services and operates an educational complex for student training.

Differentiator

Problem solved

Functional benefit

Products and services

• Pig Breeding (Свинарство) Industrial pig breeding operations including pig fattening, sow breeding, and live pig production. Operates a complex housing 52,500-60,000 pigs simultaneously using Danish DanBred and Canadian Genesus genetics and Big Dutchman equipment, with an in-house compound feed production facility. Customers are domestic Ukrainian meat buyers and export markets including Georgia.
• Crop Production (Рослинництво) Cultivation of wheat, sunflower, corn, barley, rapeseed, and sorghum across approximately 20,000 hectares in the Dnipropetrovsk region using modern agricultural technologies including Strip-till. Products are sold domestically and exported to Middle East markets and to China as flour.
• Packaged Pork (Фасована свинина) Own production line for packaged pork launched in 2021 in Dnipro city, offering products in both group and individual portion formats for domestic Ukrainian consumers and buyers.
• Compound Feed (Комбікорми) Own compound feed production using crops grown by the holding's farms (wheat, corn, sorghum), ensuring optimal cost prices for the group's pig breeding operations.
• Biofuel Pellets (Паливні пелети) Fuel pellets production for heating, with 5 pellet boiler stations operating at the pig complex and at social facilities. Plan to build a pellet plant with 60,000 tons annual capacity.
• Agricultural Consulting Services Agricultural consulting, expertise in pig farming, crop production technologies, and agribusiness management provided through the professional team and educational complex of the holding.
• Biomass Heat Supply Supply of biomass-generated heat from pellet boilers to schools and commercial/social facilities in the areas of operation, providing energy cost savings and environmental compliance.

Quantifiable outcome

• 2025 operational profit doubled to $6.4M, EBITDA up 74% to $7.5M
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor, core and major.

• Makarony Polskie S.A.minorStrategic or Co-development Partner · 11 July 2022Letter of intent signed between KSG Agro S.A. and Makarony Polskie S.A. for potential business cooperation.
• GenesuscoreTechnology or Integration · 1 January 2021Canadian genetics company supplying Genesus pig genetics since 2021. Purchased 2,000 repair stock, 400 purebred pigs, and 12 boars. Advantages include high safety at brood stage and superior meat marbling.
• TerraMax (USA)majorTechnology or Integration · 1 January 2014US-based biological products company providing inoculants for crop production. Partnership for widespread use of biological preparations that increase crop yields by 10-11%.
• Polish Energy PartnersmajorTechnology or Integration · 1 January 2014Polish company providing technical know-how for biofuel production technology lines and equipment supply for 60,000 ton/year pellet plant.
• DanbredcoreTechnology or Integration · 1 January 2013Danish pig genetics supplier providing DanBred breed - one of the best in the world. Company imported approximately 3,000 sows and boars of Danish breeding in 2013.
• Big DutchmancoreTechnology or Integration · 1 January 2013German company - leading global manufacturer of pig farm equipment. Equipment installed in 2013 for pig complex reconstruction.
• CargillmajorTechnology or Integration · 1 January 2011Global feed company partnership for compound feed production quality improvement program including new technologies, automation, modern laboratories, and staff training.

Scale indicators15 records

Recent moves8 records

Expansion highlights4 records

Others

• Cargill: Cargill is one of the world's largest agricultural commodity traders and feed producers. Its existing partnership with KSG Agro (since 2011) on compound feed production quality improvement provides a global incumbent benchmark for the feed milling capability that anchors KSG Agro's pig operations.
• Genus plc: Genus plc is the global leader in animal genetics (including PIC pigs) and a direct supplier/competitor to KSG Agro's Genesus Canadian genetics program. As KSG's genetics partner ecosystem (DanBred, Genesus), Genus represents the upstream technology layer that KSG Agro's pig breeding business depends on.

Direct peers

• IMC S.A. IMC is a Ukrainian agro-holding engaged in crop cultivation, storage, and dairy farming across a significant land bank, listed on WSE. Overlapping geographic focus in central Ukraine and similar grain/oilseed crop mix make IMC a direct peer for KSG Agro's crop segment.
• Astarta-Kyiv: Astarta is a vertically integrated Ukrainian agro-holding combining sugar beet, grain, and soybean production with a sizable land bank. Joint WSE listing, similar Polish investor base, and core crop-farming business in central/eastern Ukraine make it directly comparable to KSG Agro.
• Ovostar Union: Ovostar is a major Ukrainian producer of eggs and poultry, listed on WSE with own feed production, breeding flocks, and processing facilities. The vertically integrated livestock-business model mirrors KSG Agro's pig breeding operations including genetics sourcing and own compound feed production.
• AgroGeneration: AgroGeneration is a Ukrainian crop-farming operator with a land bank of ~100k hectares that listed on the Paris Euronext. Same target crop mix (wheat, sunflower, corn, rapeseed) and overlapping Ukrainian geography provide direct comparability to KSG Agro's crop production segment.
• MHP S.A. MHP is Ukraine's largest vertically integrated poultry producer, operating the same agri-business model (grain-to-finished-product) as KSG Agro on a much larger scale. Both are listed publicly (MHP on LSE), operate in war-affected Ukraine, and combine crop farming with intensive livestock production and own feed milling.
• Kernel Holding S.A. Kernel is one of Ukraine's largest agricultural holdings, focused on crop production, sunflower oil, and grain export infrastructure. Joint WSE listing, overlapping crop farming operations in similar Ukrainian geographies, and shared export customer base (Middle East, EU) make it a direct peer for KSG Agro's crop segment.

Broad incumbents

• Smithfield Foods: Smithfield is one of the world's largest vertically integrated pork producers (now owned by WH Group). Its breeding-to-processing value chain is structurally analogous to KSG Agro's pig business, though at vastly larger scale and with US/EU geographic focus rather than Ukraine/CEE.
• WH Group: WH Group is the world's largest pork producer (owns Smithfield Foods, Shuanghui), with vertically integrated genetics-to-processing operations spanning multiple continents. The model mirrors KSG Agro's pig breeding ambitions at global scale, providing a benchmark for what integrated pork producers can achieve.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ksgagro1

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries21 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KSG AGRO SA