“Kernel, one of the largest Ukrainian agro-industrial groups, processed 845 thsd tonnes of oilseeds in the third quarter (January-March) of the financial year (FY) 2024/25, up 3% y-o-y, but down 9% q-o-q, according to the agroholding’s report.
According to the report, in January-March 2025, Kernel processed 694 thousand tons of sunflower seeds and, due to the lack of raw materials in the domestic market of Ukraine, also processed 151 thousand tons of soybeans at three plants. In addition, the agroholding processed 50 thou tons of sunflower seeds under tolling agreements with third parties.
As a result of processing of both sunflower seeds and soybeans in the third quarter of 2024/25, the agricultural holding’s edible oil sales fell by 9% year-on-year to 347 thsd tonnes. At the same time, sales of edible oil in the first nine months of FY2025 amounted to 1 mln tons, which is 6% less than in the same period last year.
The report also notes that grain supplies to the agricultural holding’s elevators decreased by 2% to 2.7 million tons in the first nine months of FY2025.
“In the third quarter of FY 2024/25, Kernel reduced grain exports by 15% to 1.6 mln tonnes compared to the same period last year, which it explained by the decline in the harvest in Ukraine. In total, Kernel exported 4.4 mln tons of grains and oilseeds in the first nine months of the year, accounting for 12% of the national exports.
Transshipment through the agricultural holding’s export terminals reached 2.5 million tons in the third quarter, up 2% year-on-year. This volume included 1.8 mln tons of grains, 0.3 mln tons of edible oil, and the rest was made up of oilseeds.
In total, for the first nine months, the transshipment volume amounted to 7.3 mln tons, up 65% year-on-year, due to the low comparison base in FY 2024/25 due to the closure of the Black Sea ports at the beginning of the season, the agricultural holding summarized.
Kernel is the world’s largest exporter of sunflower oil, one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in the cultivation and sale of agricultural products.
In the first nine months of 2024, the agricultural holding reduced its net profit by 53% to $204 million, while its revenue decreased by 4% to $2.595 billion, and its EBITDA decreased by 36% to $384 million.
