During a conference call on May 22, the Board of Directors of agricultural holding IMC approved the payment of interim dividends based on the financial statements as of the end of March this year in the total amount of EUR 22.37 million (EUR 0.63 per share).
The agricultural group published information about the relevant decisions on its website.
IMK noted that when determining the dividends, it was taken into account that net profit for the first quarter of 2025 amounted to EUR 16.74 million, undistributed profit at the end of March was EUR 7.08 million, and issue proceeds were EUR 17.84 million.
Dividends will be paid on June 5 to shareholders as of May 29. Following the announcement of dividends, IMK shares rose by approximately 15%, or PLN4, to PLN31.9 per share (about EUR7.5).
IMK is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the crop production, elevators, and warehousing segments. The land bank is 116,000 hectares, storage capacity is 554,000 tons, and the 2024 harvest is expected to be 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.
