TADICO Reports 112% Growth in Consolidated Net Profit and Approves IRR 540 Dividend per Share
The Annual General Meeting of Tamin Agriculture, Livestock and Dairy Industries Investment Company (TADICO) was held with 94% shareholder participation, during which the company’s financial statements, annual performance, and development plans were reviewed and approved.
According to TADICO:
Based on the report presented at the meeting and the consolidated financial statements, the Group’s total revenue increased by 62% during the past fiscal year, rising from IRR 52,185 billion to IRR 84,613 billion. Operating profit also grew by 137%, from IRR 6,375 billion to IRR 15,113 billion, while consolidated net profit increased by 112% to approximately IRR 19 trillion.
TADICO’s consolidated assets also increased by 50%, reaching approximately IRR 78 trillion. Return on assets (ROA) improved from 18% to 29%, while return on equity (ROE) increased from 30% to 45%.
The performance of TADICO’s subsidiaries and their contribution to the Group’s profitability were also reviewed during the meeting. Feka Agriculture and Livestock Company and Goldasht Nemouneh Isfahan Agriculture and Livestock Company were among the Group’s major profit-generating subsidiaries and accounted for a significant share of the dividends received by the holding. The performance of other subsidiaries, including Mallardshir, Aras Dam Arsham, and Damoon Zagros, as well as their development and productivity-enhancement plans, was also presented.
On the development front, TADICO is pursuing five large-scale cattle farming projects with a combined investment of IRR 72.27 trillion across several provinces. The projects, located in Delfan, Dargazin, Maku, Malayer, and Shirvan, are expected to create a total capacity for 15,000 productive cattle.
Mohsen Mohammadi, CEO of TADICO, announced the Group’s target of producing 320,000 tons of milk annually by 1407 (2028), outlining debt-financing instruments, the monetization of surplus assets, direct imports of agricultural inputs, and the expansion of contract forage cultivation as key priorities in the holding’s future plans.
At the conclusion of the meeting, shareholders approved the distribution of 90% of the parent company’s retained earnings. A cash dividend of IRR 540, equivalent to IRR 54 tomans, was approved per share.
TADICO’s consolidated assets also increased by 50%, reaching approximately IRR 78 trillion. Return on assets (ROA) improved from 18% to 29%, while return on equity (ROE) increased from 30% to 45%.
The performance of TADICO’s subsidiaries and their contribution to the Group’s profitability were also reviewed during the meeting. Feka Agriculture and Livestock Company and Goldasht Nemouneh Isfahan Agriculture and Livestock Company were among the Group’s major profit-generating subsidiaries and accounted for a significant share of the dividends received by the holding. The performance of other subsidiaries, including Mallardshir, Aras Dam Arsham, and Damoon Zagros, as well as their development and productivity-enhancement plans, was also presented.
On the development front, TADICO is pursuing five large-scale cattle farming projects with a combined investment of IRR 72.27 trillion across several provinces. The projects, located in Delfan, Dargazin, Maku, Malayer, and Shirvan, are expected to create a total capacity for 15,000 productive cattle.
Mohsen Mohammadi, CEO of TADICO, announced the Group’s target of producing 320,000 tons of milk annually by 1407 (2028), outlining debt-financing instruments, the monetization of surplus assets, direct imports of agricultural inputs, and the expansion of contract forage cultivation as key priorities in the holding’s future plans.
At the conclusion of the meeting, shareholders approved the distribution of 90% of the parent company’s retained earnings. A cash dividend of IRR 540, equivalent to IRR 54 tomans, was approved per share.
