Business news from Ukraine

Business news from Ukraine

“Monomakh” Increased Revenue by 21.4% in First Nine Months of 2026 – to 2.25 Bln UAH

30 October , 2026  

Tea and coffee producer Monomakh PJSC (Kyiv Oblast) increased its revenue by 21.4% in January–September 2026—to 2.25005 billion UAH—while its net profit rose by 4.6%—to 128.07 million UAH.

According to the company’s report filed on Thursday with the disclosure system of the National Securities and Stock Market Commission (NSSMC), gross profit increased by 41.0% to 798.17 million UAH, while operating profit rose by 10.5% to 238.31 million UAH.

According to the report, revenue in the third quarter rose by 20.4% to 739.01 million UAH, while net profit increased 2.7-fold to 103.64 million UAH.

This growth was driven by a 64.2% increase in gross profit—to 313.42 million UAH—while selling expenses rose by 32.1%—to 135.30 million UAH—and administrative expenses increased by 13.8%—to 25.62 million UAH.

“To minimize the risk of product loss due to possible rocket attacks, the company implemented organizational and logistical measures aimed at preserving inventory, optimizing their storage, and reducing the time products spent in warehouses. In particular, supply routes were adjusted, and there was a partial shift from deliveries via warehouse complexes to direct delivery of products to retail outlets,” the report states.

The company specified that in the second quarter, it produced 1.29 thousand metric tons of products compared to 1.39 thousand metric tons in the second quarter; export revenue rose to 13% of total sales from 11% in the previous quarter.

According to the report, Monomakh’s main customers (accounting for more than 5% of total revenue) are include ATB-Market LLC, METRO Cash & Carry Ukraine LLC, JAMP LLC, and Silpo-Food LLC.

The company identified “Trypilske Sonce” LLC, “Capsoul” LLC, and “TS Trade” LLC as its main competitors.

The largest creditor is Raiffeisen Bank—516.97 million UAH out of 661.81 million UAH in total bank loan debt, with an interest rate of 16% per annum.

PJSC “Monomakh” was founded in 2000. It produces packaged tea and coffee products under the brand names LOVARE, “Monomakh,” “Three Elephants,” “Tea Masterpieces,” “KAIF,” Ferrara, and “Coffee Masterpieces.” The average number of employees is 567. The ultimate beneficial owner is Taras Barabash.

In 2025, the company increased its revenue by 22%—to 2.77 billion UAH—but saw its net profit decline by 40%—to 181.84 million UAH.

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