In January-June 2025, the IMC agricultural holding company received a net profit of $51.4 million, which is 39% more than in the same period last year ($21.5 million), according to a report published on the agricultural holding company’s website.
According to the financial statements, operating profit doubled to $54.7 million, and EBITDA rose 72% to $64.7 million. At the same time, revenue decreased by 22% to $83.9 million. Cost of sales decreased by 20% to $66.4 million, and selling expenses more than doubled (-58%).
The revenue structure in the first half of the year by crop was as follows: corn — $82.1 million (+25% y/y), sunflower — $0.9 million (-94% y/y), wheat — $0.5 million (-98% y/y), other crops – $0.5 million (-33% y/y). Thus, corn accounted for over 97% of the company’s revenue.
Profit before tax amounted to $52.3 million (+142% y/y).
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 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 grew by 52% to $211.29 million, gross profit quadrupled to $109.10 million, and normalized EBITDA increased 25-fold to $86.11 million.
