Tomato growing company and NPM participation Agro Care posted a revenue of €345.8 million in its first annual report after the merger. Profit from regular operations decreased compared to the previous year, but equity increased significantly.
Agro Care was formed in early 2024 from a merger between the former Agro Care and CombiVliet. Together, they achieved a revenue increase of over €30 million compared to 2023. Profit from regular operations decreased from €127.9 million to €59.9 million, partly due to exceptional revenue generated in 2023 from the sale of gas contracts during the energy crisis.
The company invested heavily in other links in the supply chain, with €11 million in profit from investments. Equity increased to €482.9 million. The book value of buildings and land is €337.5 million. With a balance sheet total of €824.7 million and over €120 million in personnel costs, Agro Care is one of the largest tomato growers in Europe.
In June, a setback was reported: the collapse of a nine-hectare greenhouse in Middenmeer. The €4.6 million damage is recorded, but no information about liability is available as of yet. In addition, a €38.2 million loan was secured at the end of 2024 for new greenhouse construction in Tunisia. NPM Capital is a minority shareholder in Agro Care and actively involved in its operations.
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