DEKON AGR (02419) releases annual performance, with operating income of 23.159 billion yuan, a year-on-year increase of 3.09%.

DEKON Agriculture (02419) released its annual performance for the year ending on December 31, 2025. The group achieved operating income of 23.159 billion yuan, an increase of 3.09% year-on-year; net profit of 1.422 billion yuan, a decrease of 56.51% year-on-year; and earnings per share of 3.69 yuan. In 2025, supported by the four pillars of system, organization, talent, and culture, the group strengthened its operational performance through lean management, core breakthrough in independent breeding, upgrading disease purification management, and coordinated development of light-asset operations. Despite the fluctuations in the entire livestock and poultry farming industry cycle and intensified market competition, the group achieved steady business performance. The scale, costs, profitability, and cash flow performance of the hog sector were industry-leading; significant progress was made in empowering farmers and increasing their income. The poultry sector bottomed out and rebounded, showing positive trends, while the slaughtering and food sector expanded steadily and increased in value. The groups overall risk resistance and sustainable development capabilities were further enhanced, laying a solid foundation for the group's sustained high-quality development and injecting continued momentum into deepening cooperation with farmers and supporting rural revitalization. During the reporting period, the hog sector remained the group's largest source of revenue and profits, accounting for 81.2% of revenue, and serving as the core engine of performance growth; annual revenue from the hog sector was 18.807 billion yuan, an increase of 2.9% year-on-year; annual hog sales volume was 10,827.98 thousand heads, an increase of 23.3% year-on-year, with the average selling price of commercial pigs at 13.74 yuan per kilogram, a decrease of 17.7% year-on-year. The main reason for this was the prolonged downturn in the hog market. However, the company defied the trend, effectively reducing costs through a series of measures such as lean management, successful transformation of breeding results, and light-asset mode operations. During the reporting period, the full cost optimization of hogs continued, with per capita profit and profit efficiency remaining at the industry's forefront, along with strong cash flow support, enhancing the company's ability to weather market cycles.