Business news from Ukraine

Business news from Ukraine

IMC elevators shipped record 1.1 mln tons of grain in 2024

25 June , 2025  

In 2024, the elevators of the IMC agricultural holding shipped a record volume of grain – more than 1.1 million tons, in January-June 2025, they completed the shipment of the remaining crop of 2024 and carried out preparatory work for the reception of the new harvest, the press service of the agricultural holding reported on Facebook.

The agricultural holding noted that in recent years, several projects have been implemented at IMC elevators as part of the Smart Green Strategy, in particular in the use of green energy.

“Four of IMC’s elevators have already been equipped with solar panels, and installation is underway at two more facilities, which will cover the demand for electricity from green sources for office buildings and critical infrastructure of elevators. This also contributes to the energy independence of the elevators and the continuous production process despite possible interruptions in electricity supply due to Russian shelling of Ukraine’s energy system,” IMC said.

In addition, two of IMC’s elevators and three grain drying complexes have installed heat generators that run on sunflower pellets and grain waste, which allows replacing natural gas with biofuel for the grain drying process.

“This year’s scheduled repairs at IMC’s elevators are already at the completion stage. We are currently disinfecting the production facilities. IMC elevators are ready to accept the new winter wheat harvest,” emphasized Andriy Havrylenko, Deputy CEO of IMC for Grain Storage and Processing.

IMC Agro Holding is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The land bank is 116 thousand hectares, storage capacity is 554 thousand tons, with a harvest of 864 thousand tons in 2024.

IMC ended 2024 with a net profit of $54.54 million against 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 times to $86.11 million.

 

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