IMK Agroholding ended 2024 with a net profit of $54.54 million compared to a net loss of $21.03 million in 2023, according to the company’s annual report on the Warsaw Stock Exchange.
According to the report, the company’s revenue grew by 52% to $211.29 million, gross profit increased fourfold to $109.10 million, and normalized EBITDA increased 25-fold to $86.11 million.
“The growth in EBITDA in 2024, as well as the increase in net profit, is related to higher sales volumes and prices for grains and oilseeds during the period,” the document says.
IMC specified that the most significant part of the company’s income comes from corn sales – $107.85 million, which is 8% more than in 2023.
At the same time, in 2024, the agricultural holding increased its revenue from the sale of sunflower seeds by 2.7 times to $46.45 million, wheat by 2.5 times to $56.01 million, or five times.
The share of exports in revenue increased last year to 75% from 64% a year earlier.
According to the report, net cash flow from operating activities increased in 2024 to $91.6 million from $17.1 million in the previous year, mainly due to higher sales volumes.
Net cash outflow from investing activities increased to $22.5 million from $16.6 million in 2023, in line with the group’s capital investment program, the document said.
It is also noted that debt fell last year from $45.7 million to $23.3 million.
IMK Agroholding is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (north and center of Ukraine) in the crop production, elevators, and warehousing segments. The land bank is 116,000 hectares, storage capacity is 554,000 tons, and the 2024 harvest is expected to be 864,000 tons.
In 2023, IMK reported a net loss of $21.03 million, compared to $1.12 million a year earlier, while its EBITDA fell 11.3 times to $3.22 million. Revenue grew by 22.3% to $139.45 million, while the share of exports fell to 68% from 73% a year earlier.
In the first nine months of 2024, the agricultural holding reported a net profit of $47.17 million, compared with a net loss of $2.25 million in the first nine months of 2023. Its revenue grew by 43% to $140.79 million, while EBITDA increased 5.1 times to $71.10 million.
As of May 2, Ukraine had exported 35.341 million tons of grains and legumes since the beginning of the 2024-2025 marketing year (MY, July-June), of which 119,000 tons were shipped since the beginning of this month, according to the press service of the Ministry of Agrarian Policy of Ukraine, citing data from the State Customs Service.
According to the report, as of May 3 last year, total shipments were estimated at 41.607 million tons, including 242,000 tons in May.
At the same time, since the beginning of the current season, 13.913 million tons of wheat (15.848 million tons in 2023/24 MY) have been exported, 2.264 million tons of barley (2.205 million tons), 10.8 thousand tons of rye (1.2 thousand tons), and 18.644 million tons of corn (23.074 million tons). (1.2 thousand tons), and corn – 18.644 million tons (23.074 million tons).
Total exports of Ukrainian flour since the beginning of the season as of May 2 are estimated at 58.7 thousand tons (in 2023/24 MY – 87.1 thousand tons), including wheat flour – 54.5 thousand tons (82.4 thousand tons).
In 2025, Germany’s economy continues to face serious challenges. After two consecutive years of GDP decline (0.3% in 2023 and 0.2% in 2024), the current year is characterized by stagnation, with GDP growth forecast at 0.0%. This makes Germany the only G7 country that has not shown economic growth in the last three years.
The new government led by Chancellor Friedrich Merz, who is due to take office on May 6, is expected to present a package of measures to stimulate the economy. These include
Economists predict a moderate recovery of the German economy in 2026 with GDP growth of around 1.0%. However, the successful implementation of these forecasts will depend on the new government’s ability to effectively address internal and external challenges.
Ukraine has already exported 494,000 tons of sugar in the 2024-2025 marketing year, of which 196,600 tons were exported in January-April 2025, according to the press service of the National Association of Sugar Producers of Ukraine “Ukrtsukor” on Facebook.
According to the report, 90% was destined for the global market, with 10% exported to EU countries.
According to the industry association, Turkey remains the leading buyer of Ukrainian sugar, accounting for 16% of export volumes, followed by Libya (11%) and EU countries (10%).
On May 1, the National Bank of Ukraine (NBU) announced its intention to conclude an agreement with the European Insurance Alliance insurance company for compulsory motor third-party liability insurance (CMTPL) and accident insurance for drivers (AI), according to the Prozorro public procurement system.
The company’s price offer was UAH 641,587 thousand against the expected cost of purchasing the services – UAH 1.044 million.
The tender was also participated in by insurance companies VUSO, whose offer was 28 kopecks higher, and Guardian Insurance Company – UAH 899,940 thousand.
As reported, SK Guardian was the winner of a similar tender a year earlier.
European Insurance Alliance PJSC has been operating in the Ukrainian insurance market since 1994. It is a member of the MTIBU Audit Commission, a participant in the agreement on direct settlement of losses under compulsory civil liability insurance for owners of land vehicles, and a member of the Nuclear Insurance Pool of Ukraine.
The company offers 30 types of voluntary and compulsory insurance, including property, motor vehicle, liability, and personal insurance.
Dangerous weather conditions in the form of strong winds and thunderstorms are expected in Ukraine on Sunday, according to the Ukrainian Hydrometeorological Center.
“On May 4, during the day, thunderstorms are expected in the northern, Vinnytsia, and Cherkasy regions, and in Ukraine, except for the southeast, wind gusts of 15-20 m/s (I level of danger, yellow). Weather conditions may complicate the work of energy, construction, and utility companies and transport,” the report said.
