Nasdaq CopenhagenIFRS · USD

Agromino A/S

Agromino A/S is a Denmark-based agricultural group focused on crop production and related farming activities in Eastern Europe. The company operates through agricultural land and production assets, with its business centered on growing and selling farm commodities such as grains and oilseeds.

Revenue53.9m USD
+51.3 %y/y
Operating profit (EBIT)-2.8m USD
+39.5 %y/y
EBIT margin-5.2%
+7.8 ppy/y
Net income-9.0m USD
+19.4 %y/y
Free cash flow3.1m USD
+130.2 %y/y

Fiscal year 2023 · change from previous year

Development 2019–2023

-200204060m USD2019: 34 m USD2019: EBIT 4.8 m USD20192020: 54 m USD2020: EBIT 12 m USD20202021: 48 m USD2021: EBIT 16 m USD20212022: 36 m USD2022: EBIT -4.6 m USD20222023: 54 m USD2023: EBIT -2.8 m USD202354-2.8
RevenueOperating profit (EBIT)

Business

Share of revenue
Crop production75 %

Cultivation and harvesting of staple crops including grains and oilseeds.

Land and farm operations15 %

Use and management of agricultural land, fields, and farming infrastructure.

Crop storage and logistics10 %

Post-harvest handling, storage, and movement of agricultural output.

Customers

Agromino sells primarily into commodity agricultural markets, where output is typically sold to traders, processors, and other bulk buyers rather than end consumers. Demand is driven by harvest quality, crop availability, and prevailing commodity market conditions. The company may also transact with local agribusiness counterparties involved in storage, logistics, and export channels.

Commodity traders

Buy bulk grain and oilseed output for aggregation, export, or resale.

Food and feed processors

Purchase agricultural inputs used in food production and animal feed.

Local agribusiness buyers

Acquire farm commodities and related services within regional markets.

Storage and logistics counterparties

Support crop handling, warehousing, and delivery to final buyers.

Strategy

The company’s strategic focus is built around operating agricultural land efficiently and converting crop yields into marketable commodity output. Preserving productive acreage, improving field performance, and managing harvest, storage, and sales execution are central to its competitive position. Geographic diversification within farming assets can also help reduce dependence on a single harvest cycle or local weather pattern.

Improve farm productivityMedium term

Higher yields and better field performance drive the core economics of crop farming.

Protect agricultural assetsShort term

Land, equipment, and biological assets are the operating base of the business.

Optimize harvest and sales timingShort term

Commodity realizations depend on when crops are harvested, stored, and sold.

Geography

Agromino is Danish-domiciled, but its operating footprint is tied to agricultural assets and production in Eastern Europe. Geography matters because crop yields, land access, weather, logistics, and export routes can vary materially by country and season. The business is therefore exposed to both local agronomic conditions and cross-border commodity market access.

Risks

Agromino faces the operating risks typical of farming businesses, including weather volatility, disease, yield variability, and commodity price swings. Because revenues depend on harvested volumes and market prices, a poor growing season or weak pricing environment can quickly affect results. The company is also exposed to land, regulatory, and geopolitical risks in the regions where it farms and sells crops.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Weather-driven yield variability1Commodity price volatility2Regional operating and geopolitical risk3Biological asset and inventory valuation4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Weather-driven yield variabilityImpact: HighLikelihood: High

    Crop farming depends on rainfall, temperature, soil conditions, and growing-season stability.

    Exposure: Harvest volumes and crop quality

  2. Commodity price volatilityImpact: HighLikelihood: High

    Grain and oilseed prices are set in global markets and can change rapidly.

    Exposure: Revenue realization and inventory values

  3. Regional operating and geopolitical riskImpact: HighLikelihood: Medium

    Agricultural assets in Eastern Europe may be affected by regulatory or geopolitical changes.

    ExposureLand accessLogisticsExport routes
  4. Biological asset and inventory valuationImpact: MediumLikelihood: Medium

    Fair value estimates for crops in the ground and harvested inventory can be judgmental.

    Exposure: Reported earnings and asset values

Accounting

Judgemental items
Biological asset fair value

Growing crops require fair value estimates that can move with crop conditions and prices.

Impact: Can create non-cash gains or losses before harvest

Inventory valuation

Harvested crops and related inputs must be carried at appropriate recoverable value.

Impact: Affects gross profit and reported asset values

Revenue recognition

Sales of commodities are generally recognized when delivery and control transfer occur.

Impact: Timing differences can affect quarterly comparability

Impairment of land and equipment

Agricultural assets may need write-downs if expected cash generation weakens.

Impact: Could materially affect earnings and equity

Publicly listed companies with a comparable business focus.

Last updated: 24/10/2026

Agromino A/S (XCSE) – Financial Analysis & Key Metrics – Clarifo