IMK agricultural holding received $67.5 million in net profit in January-September 2025, which is 43% more than in the same period of 2024, according to the company’s report.
According to a report on the Warsaw Stock Exchange, IMC’s revenue for the reporting period amounted to $118.6 million, which is 16% less than last year. At the same time, profit from the revaluation of biological assets increased by 22% to $75.7 million.
Gross profit increased to $93.2 million, which is 6% more than a year earlier, and operating profit increased by 27% to $73 million (+27%). Profit before tax increased to $68.9 million (+45%).
The company’s normalized EBITDA for the nine months of 2025 was $88 million, up 24% from the same period in 2024.
In January-September 2025, IMC sold 387,660 tons of corn, which is 16% less than in the same period of 2024. At the same time, the cost of sales for the current year was 46.9% higher and amounted to $213 per ton. Accordingly, revenue was 23.8% higher and amounted to $82.9 million compared to $66.74 million a year earlier.
Sunflower sales were 2.6 times lower than in the same period last year and amounted to 25.43 thousand tons. The selling price was 55% higher than last year and amounted to $546 per ton, so revenue fell by 59.3% to $13.89 million compared to $23.43 million a year earlier.
IMK also reduced wheat sales by 2.6 times compared to the same period last year to 103.26 thousand tons in the first nine months of 2025. Wheat prices were higher than last year, at $209 per tonne compared to $181 per tonne a year earlier. However, this did not have a significant impact on revenue. It amounted to $21.63 million compared to $49.78 million (-56.6%) for the same period last year.
IMK Agroholding is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the crop production, elevators, and warehouses segments. The land bank is about 120,000 hectares, storage capacity is 554,000 tons for the 2023 harvest of 1.002 million tons.
According to the results of its operations in January-September of this year, Kryvyi Rih Iron Ore Plant (KZRK) increased its net loss by 3.2 times compared to the same period last year, to UAH 1 billion 487.217 million.
According to KZRK’s interim report, available to Interfax-Ukraine, net income for this period decreased by 41.6% to UAH 1 billion 601.822 million.
Undistributed profit at the end of September 2025 amounted to UAH 2 billion 8.823 million.
According to the annual report, KZRK ended 2024 with a net loss of UAH 2 billion 14.015 million, while in 2023 it amounted to UAH 63.411 million. Net income in 2024 amounted to UAH 3 billion 443.081 million, and in 2023 – UAH 5 billion 577.923 million.
In 2024, the plant produced 1.693 million tons of raw ore, with 1.370 million tons of commercial ore. The plan for 2025 is 4.385 million tons of raw ore and 3.6 million tons of commercial ore.
As reported, on May 23, 2025, Tviy Energosupplach (Kyiv) applied to the Commercial Court of Dnipropetrovsk Region to initiate bankruptcy proceedings against KZRK due to its debt for electricity consumption. The
Commercial Court of Dnipropetrovsk Region ruled to open bankruptcy proceedings against KZRK on June 9 of this year.
KZRK specializes in underground iron ore mining. It consists of four mines: Pokrovska (formerly Zhovtneva), Kryvorizka (Batkivshchyna), Kozatska (formerly Hvardiyiska), and Ternivska (formerly the Ordzhonikidze
Ore Management, then named after Lenin).
According to NDU data for the first quarter of 2025, the main shareholder of KZRK is Starmill Limited (Cyprus), which owns 99.8812% of its shares. Operational control of the plant prior to the introduction of bankruptcy proceedings was exercised by the Privat Group.
In May 2023, Ukraine imposed sanctions against dozens of foreign companies linked to Russian individuals who own large assets in Ukraine, including KZRK. Some of these assets had already been seized, but the sanctions paved the way for their confiscation. The relevant presidential decree No. 279 of May 12 was published on the website of the head of state. In particular, the list of legal entities included Starmill Limited, which owns 99.89% of KZRK under the operational control of the Privat Group.
The authorized capital of the enterprise is UAH 1 billion 991.233 million.
The National Anti-Corruption Bureau of Ukraine (NABU) is unlikely to be able to establish how large sums of foreign currency cash used by those involved in the Midas case entered Ukraine
“Midas,” so it proposes to introduce a special form of accounting, said the head of the NABU detective unit, Alexander Abakumov, who is leading the case.
“This is the second time we have encountered such a large amount of money that arrived in Ukraine in packages from the US Federal Reserve Bank. And for the second time, we will obviously find ourselves in a situation where we will not get an answer to the question of how they got into Ukraine,” he said at a meeting of the Temporary Investigation Commission (TIC) on Economic Security chaired by People’s Deputy Yaroslav Zheleznyak (Voice) in Kyiv on Monday.
According to him, the US Federal Reserve System records who it sells these funds to, but in Europe, while in Ukraine no one is doing this.
“There is a proposal to the People’s Deputies to introduce a form of accounting for the import of such amounts of cash into Ukraine, to whom they are sold, and this, in fact, will be a great contribution to preventing such situations,” the NABU representative concluded.
Deputy Head of the National Bank of Ukraine Dmytro Oliynyk thanked him for this proposal.
“We will consider it, and I will report back,” he said at the meeting of the Verkhovna Rada Committee.
Zheleznyak also confirmed his readiness to consider this proposal in the Rada.
He recalled that specifically in the case of Operation Midas, we are talking about the so-called “white” (and not new “blue”) dollars found in the case files, in Federal Reserve packaging, totaling about $4 million.
Oliynyk stated that Ukraine currently does not have a unique registry that would allow the barcode and FRB packaging number to be verified and the origin of these banknotes in Ukraine to be determined.
“Regarding how the bills are imported in general. Currently, there are eight banks that import dollars and euros into Ukraine. Some of them use them only for their own purposes, while others sell them to banks and other participants in the financial market,” said the National Bank representative, describing the current state of cash currency imports.
According to him, billions of dollars are imported into Ukraine, and it is impossible to single out a specific million without a registration system.
“Plus, imports are not only taking place during the war, they have been happening constantly: old banknotes are being taken out, new ones are being brought in, and it is impossible to say for sure where this million was, whether it was in a bank, on the gray market, or in some collection company or exchange office,” Oliynyk stated.
He said that the National Bank had begun collecting information on the system in order to summarize how banks trade currency among themselves and who uses it for their own purposes. “But we are talking about transactions worth billions of dollars. It is difficult to single out a small amount,” the deputy chairman emphasized once again.
In the first 10 months of 2025, Ukraine exported 36,400 tons of honey worth over $84 million, with more than 70% going to European Union countries, Deputy Minister of Economy, Environment, and Agriculture Taras Vysotsky said during a forum on the European integration of Ukraine’s honey sector.
He noted that Ukraine is traditionally among the top five global honey exporters, continuing to develop beekeeping even in the difficult conditions of war.
“Ukraine is one of the leaders in honey exports to the EU. This testifies to the high quality, trustworthiness, and competitiveness of our products. The development of digital tools, modernization of production, and strengthening of quality control are gradually creating conditions for scaling exports not only to the EU but also to the markets of Asia and the Middle East,” he wrote on Facebook.
At the same time, Vysotsky stressed that Ukraine should ensure full compliance with EU standards and improve production traceability: clearly record where the honey comes from, which apiaries produced it, and how its quality was checked. This approach will open up new and long-term market opportunities for Ukrainian beekeepers.
According to Vysotsky, there are currently 62,697 apiaries and over 2.84 million bee colonies in the Apiary Passport Register.
“According to experts, integration into the EU market could increase Ukrainian honey exports by 25-30% in the next three years. Our task is to do everything possible to make this forecast a reality,” the deputy minister concluded.
India imported $14.72 billion worth of gold in October 2025, according to data from the country’s Ministry of Commerce and Industry. This is three times more than in October last year, 1.5 times more than in September this year, and is set to be a historic record (last year, a slightly higher figure was reported in November, but it was later revised).
“The growth in gold imports in October was phenomenal, despite very high world prices,” said Indian Deputy Minister of Commerce and Industry Rajesh Agrawal, according to The Hindu. “The growth in silver was also phenomenal.” Silver imports increased 6.3 times, to $2.72 billion.
“The continuous rise in gold prices ahead of the festive season could have led to speculative demand, which may not be sustained in the future, possibly leading to some decline in imports in the coming months,” warns Aditi Nayar of Indian rating agency ICRA.
In just 10 months of 2025, India imported $50.74 billion worth of gold, up 17% from the same period last year (October’s results reversed the trend).
India is one of the world’s largest consumers of gold, producing virtually none itself.
Earlier, the Experts Club analytical center presented an analysis of the world’s leading gold-producing countries in its video on YouTube channel — https://youtube.com/shorts/DWbzJ1e2tJc?si=YuRnDiu7jtfUPBR9
The first nuclear power plant (NPP) in Kazakhstan will be named “Balkhash”, the press service of the republic’s atomic energy agency reported.
“According to the results of the final meeting of the Competition Commission, the name ”Balkash” nuclear power plant was recognized as the winner, which received the largest number of proposals from citizens. The chosen name also corresponds to the international practice of naming nuclear power plants by geographical feature,” the report on the results of the nationwide contest for the best name of the nuclear power plant reads.
The contest committee also determined the name in Russian and English: “Balkhash Nuclear Power Plant” and Balkhash Nuclear Power Plant.
The first NPP, which will be located near Lake Balkhash, will be built by Rosatom. The Russian company has signed a roadmap with Kazakhstan for the construction of two VVER-1200 nuclear power units. The construction of the plant will take approximately 11 years and may be completed in 2035-2036. The issue of attracting state export financing at the expense of the Russian Federation is being studied for the construction of the plant.
Research work near the village of Ulken on Balkhash started on August 8. Here, as part of preliminary surveys, Rosatom’s specialists will explore at least three sites in Zhambyl district, for which they will drill 50 wells with depths ranging from 30 to 120 meters. Based on the hydrogeological features of the site, seismic stability parameters and others, a decision will be made on the exact location of the NPP.
The government said that the second and third nuclear power plants in Kazakhstan could be built by China National Nuclear Corporation (CNNC).
