PJSC “Agroholding Avangard” (Kyiv), one of Ukraine’s leading producers and sellers of chicken eggs, reported revenue of 390.15 million UAH in the first half of 2026—four times less than in the same period last year—the company announced in its disclosure to the National Securities and Stock Market Commission (NSSMC) on Wednesday.
At the same time, according to the report, the company managed to post a net profit of 51.59 million UAH, compared to a net loss of 74.04 million UAH in the first half of last year.
“Over the past two years, competition in the chicken egg market has increased significantly due to the entry of new players who use high-tech equipment and ensure proper biosafety standards in production, enabling them to supply both the domestic market and the EU market,” the document states.
“Avangard” notes that it has no capital construction plans due to a lack of funding; improvements to fixed assets are planned only if funds become available.
As of June 30, the company’s assets increased by 0.8% compared to the beginning of the year—to 14.73 billion UAH, while equity and retained earnings rose by 1%, to 5.26 billion UAH and 4.75 billion UAH, respectively.
Avangard’s current assets increased by nearly 38% to 453.4 million UAH; specifically, cash in bank accounts rose to 15.6 million UAH from 2.4 million UAH. The company’s current liabilities—with no long-term liabilities—increased by 0.7% to 9.47 billion UAH.
The report also notes that the company does not take out bank loans, and cash flows from operating activities are sufficient to meet its obligations on time.
Avangard cited the following as significant issues affecting its operations: violations of price parity for agricultural products; low purchasing power among the population and low selling prices, as well as high production costs due to high prices for inventory, raw materials, supplies, labor, and services.
“There has been a sharp decline in the rate of poultry equipment upgrades. Problems in the financial, banking, tax, and political spheres make it impossible to plan the company’s activities with a long-term, forward-looking perspective,” the company states, but at the same time believes that “poultry farming and the production of chicken eggs are promising areas of activity due to the significant demand for poultry products.”
According to the report, the payroll for the reporting period amounted to 72.48 million UAH, which is 49.94 million UAH less than during the same period last year, due to employee layoffs.
PJSC “Agroholding Avangard” is part of Avangardco IPL—the poultry division of the “Ukrlandfarming” agro-industrial group, founded by businessman Oleg Bakhmatyuk, but currently, the main shareholder, with a 98.328% stake, is listed as “TNA Corporate Solutions LLC,” owned by American Nicholas Piazz. Avangardco IPL specializes in the production of chicken eggs and egg products and is one of the largest producers of these goods in Ukraine.
In March 2022, the “Avangard” agricultural holding reported losses of 1.5 billion hryvnia since the start of Russia’s military invasion of Ukraine. The Russian aggression led to the shutdown of a number of the group’s key poultry farms, and at the Chornobaivska Poultry Farm (in the town of Bilozerka, Kherson Oblast), the chickens were left without food and died.
PJSC “Agroholding Avangard” holds 100% ownership in LLC “Rohatyn Poultry Farm,” “Okhocheenska Poultry Farm,” “Teleshivka Poultry Farm,” and “Bohodukhiv Poultry Farm,” as well as 94.14% of LLC “Transmagistral Trading House,” 49.09% of LLC “Imperovo Foods,” and 54.13% of LLC “Avangard Trading House,” and operates 11 separate branches: eight engaged in poultry breeding and three in poultry meat production.
“Ukrlandfarming” is one of the largest agricultural holdings in Eurasia. It is engaged in grain cultivation, cattle breeding, and the distribution of agricultural equipment, fertilizers, and seeds. “Avangard,” a subsidiary of the holding, is Ukraine’s largest producer of eggs and egg products.
Avangard, eggs, revenue, profit, agricultural holding
