Business news from Ukraine

Business news from Ukraine

IMC to pay shareholders €12.4 mln in interim dividends

Agroholding IMC (IMC S.A.) will pay the company’s shareholders interim dividends for 2025 totaling EUR12.43 million, according to the company’s website.

According to the decision of the IMC Board of Directors, interim dividends of EUR0.35 per share will be paid on November 27, 2025, to shareholders who were registered as of November 20 of this year.

“Luxembourg personal income tax at a rate of 15% will be withheld from the dividends. Dividends will be paid in euros,” the agricultural holding added.

The chairman of the board of directors, reporting to the supervisory board, specified that for the period from January 1, 2025, to September 30, 2025, IMC received a profit of EUR 31.89 million. At the same time, the profit carried forward to subsequent periods amounted to EUR 7.34 million, issue income – EUR 17.84 million, interim dividends – EUR 22.37 million. The amount to be distributed may not exceed EUR 34.7 million.

“The Board of Directors intends to declare interim dividends totaling EUR 12.43 million (i.e., EUR 0.35 per share), which will be distributed equally among the company’s shareholders in proportion to their number of shares on the distribution date,” the statement said.

Agroholding “IMK” is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the segments of crop production, elevators, and warehouses. The land bank is 116,000 hectares, storage capacity is 554,000 tons, and the 2024 harvest is 864,000 tons.

IMK ended 2024 with a net profit of $54.54 million, compared to a net loss of $21.03 million in 2023. Revenue increased by 52% to $211.29 million, gross profit quadrupled to $109.10 million, and normalized EBITDA increased 25-fold to $86.11 million.

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Lead imports increased ninefold, exports declined

Ukraine sharply increased imports of lead and lead products—by 8.9 times, to $6.89 million in the first ten months of 2025.

At the same time, exports fell by 16.4% to $8.17 million.

For comparison, in 2024, lead imports increased 2.4 times to $2.39 million, while exports fell by almost a quarter to $11.4 million.

Lead is currently mainly used in the production of lead-acid batteries for the automotive industry. In addition, lead is used in the manufacture of bullets and certain alloys.

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Estonia has allocated €3.5 mln for purchase of Starlink for Ukraine

Estonia has decided to allocate €3.5 million to Ukraine for the purchase of Starlink satellite communication systems as part of an IT coalition jointly led by Estonia and Luxembourg. This was reported on the official website of the Estonian Ministry of Defense.

As noted by Estonian Defense Minister Hanno Pevkur, the funds are intended to strengthen Ukraine’s IT capabilities and increase the effectiveness of the Armed Forces on the battlefield.

“Ukraine has confirmed to us that it needs support to secure Starlink connectivity, and it is clear that this is extremely important assistance for them, which has a noticeable effect on the battlefield. Starlink’s capabilities are particularly critical given Ukraine’s desire to significantly increase the number of drone units that require high-performance internet connectivity,” Pevkur said.

He stressed that Ukraine is fighting every day for the freedom of all of Europe, including Estonia.

“Therefore, in addition to weapons, information and technological support is also critically important. I am glad that we can help Ukraine strengthen its IT capabilities, thereby increasing its chances of winning a war that claims hundreds of lives every day,” the minister added.

The €3.5 million in funding comes from Estonia’s aid package to Ukraine planned for 2025. The funds will be transferred to Ukraine through an IT coalition established by Estonia and Luxembourg and will be used for the joint purchase of Starlink systems.

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Coke imports to Ukraine fell by 4% to 557,000 tons

In January-October of this year, Ukraine reduced imports of coke and semi-coke in physical terms by 4.1% compared to the same period last year, to 557,451 tons.

According to statistics released by the State Customs Service (SCS) on Wednesday, coke imports in monetary terms for this period decreased by 9.6% to $188.829 million. It was mainly imported from Poland (92.36% of supplies in monetary terms), Indonesia (5.07%), and the Czech Republic (2.54%).

During this period, Ukraine exported 3 tons of coke worth $2,000 to Albania.

As reported, Metinvest suspended the operation of the Pokrovsk Coal Group in January this year due to changes in the situation on the front line, electricity shortages, and the deterioration of the security situation.

Last year, Ukraine increased its imports of coke and semi-coke in physical terms by 2.01 times compared to 2023, to 661,487 thousand tons, importing it mainly from Poland (84.76% of supplies in monetary terms), Colombia (7.74%), and Hungary (2.69%). In monetary terms, imports increased by 81.9% to $235.475 million.

In 2024, the country exported 1,601 thousand tons of 84.76% coke worth $368 thousand to Moldova (99.18%) and Latvia (0.82%), while in January, March, October, and November 2024, there were no exports, whereas in 2023, they amounted to 3,383 thousand tons worth $787 thousand.

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Gas supplies from Greece to Ukraine will begin in January

The agreement with Greece on gas supplies to Ukraine is part of a large energy package prepared for the winter, and gas supplies will begin in January, Ukrainian President Volodymyr Zelensky said.

“Gas supplies will begin in January, and it is important that our first agreements will be implemented in the first quarter. In addition to the agreement on operational gas supplies, there are also urgent agreements,” Zelensky said during a press conference in Athens on Sunday.

The president noted that he discussed this today with Greek Prime Minister Kyriakos Mitsotakis. In addition, he thanked the US for the opportunity to receive not only gas through Greece, but also energy from the United States.

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Finnish president calls for support for Kiev despite corruption scandal

A peace agreement in Ukraine is unlikely to be reached before spring, and European allies must continue to support Kiev despite the corruption scandal, Finnish President Alexander Stubb said in an interview with the Associated Press.
“A peace agreement in Ukraine is unlikely to be reached before spring. European allies need to continue their support despite the corruption scandal that has engulfed Kiev,” he said.
Stubb is using his good relations with US President Donald Trump to defend Ukraine’s position: “I can explain to President Trump what Finland has gone through, how I see the situation on the battlefield, or how to deal with Russian President Vladimir Putin. And then, you know, if he accepts one of my ten ideas, that’s good,” he said.
He also recalled Finland’s historical experience: in the 1940s, after two wars with Russia, the country lost about 10% of its territory and remained militarily neutral. Finland’s neutral position was only revised after Russia’s full-scale invasion of Ukraine, when the country joined NATO.

 

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