PJSC “Mlybor” (Chernihiv), a subsidiary of the IMC agricultural holding, plans to offset its 2025 losses using retained earnings and not to pay dividends, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).
According to the draft decision of the annual general meeting scheduled for April 3, 2026, shareholders will also consider the issue of preliminary approval of significant transactions in the amount of up to $100 million for a period of one year.
As stated in the meeting agenda, this involves obtaining loans and banking products from Raiffeisen Bank JSC with a limit of up to UAH 500 million and extending the existing collateral to cover the updated financing terms, valid until September 2029. At the same time, the total limit under the general agreement is set at the equivalent of $11.5 million.
The company plans to extend the existing mortgage and pledge on the obligations of Chernihiv Industrial Dairy Company LLC and Agroprogress Private Enterprise to Raiffeisen Bank.
In addition, the meeting intends to approve the reports of the supervisory board and the executive body for 2025, as well as the external audit findings and the company’s annual report. Shareholders will consider the approval of related-party transactions that may be conducted during the year in an amount exceeding 1% of the value of assets, and will approve transactions conducted between April 2025 and April 2026.
Shareholders are also being asked to terminate the powers of the current members of the supervisory board effective April 15, 2026, and to elect new members through cumulative voting. No remuneration will be paid to board members, and the terms of their contracts will be approved at the meeting.
According to data from the Opendatabot service, Mlybor PJSC’s revenue in 2025 increased by 39.3%—to UAH 85.54 million compared to UAH 61.41 million in 2024. The company’s net loss amounted to UAH 44.00 million, compared to a loss of UAH 33.99 million a year earlier. As of the end of the reporting period, the company’s assets were valued at 331.85 million UAH, and total liabilities at 155.16 million UAH. The profitability ratio stood at “minus” 51.44%.
Mlybor PJSC is one of the key elevators of the IMC group, located in Chernihiv. It has the capacity to simultaneously store 102,000 tons of grain (wheat, corn, sunflower) and two grain dryers with a capacity of 3,500 tons/day. The beneficiary of the company is Oleksandr Petrov.
