IMK Agricultural Holding reduced its loan portfolio to $18 million by the end of 2025 and plans to reduce this figure to $10 million by the end of 2026, the company’s CEO Oleksandr Verzhikhovsky said at the Forbes Agro conference in Kyiv on Thursday.
“We have always had access to financing from international and Ukrainian banks and have actively used these opportunities. I remember the times in 2021 when we could get loans from Ukrainian commercial banks at 3-4% per annum in foreign currency. Of course, after the start of the full-scale invasion, financial institutions cannot offer such conditions, so we are gradually reducing our credit profile,” he said.
According to the CEO, the company is undergoing a long process of reducing its debt burden. To understand the dynamics, he noted that in 2014, the holding’s credit profile was $140 million. By the end of 2025, this figure had been reduced to $18 million. According to the company’s plans, provided the situation remains stable, the credit portfolio is planned to be reduced to $10 million by the end of 2026.
Against the backdrop of reduced lending, IMC switched to using its own earned funds to invest in its rolling stock and bring the company into compliance with environmental requirements. At the same time, in 2023, the holding became one of the few companies to attract a new loan from the EBRD in the amount of $11 million for the purchase of 75 grain cars to develop alternative export routes. Currently, these cars mainly provide internal logistics.
Verzhikhovsky also emphasized that cooperation with international financial institutions (IFC, EBRD) remains an important factor for IMC in improving the company’s status and the quality of corporate governance.
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.
In January-September 2025, IMC increased its net profit by 43% compared to the same period in 2024, to $67.5 million. The agricultural holding’s revenue for the reporting period decreased by 16% to $118.6 million, while gross profit increased by 6% to $93.2 million and normalized EBITDA increased by 24% to $88 million.
