Business news from Ukraine

Business news from Ukraine

Shareholders of Lebedyn Seed Plant have approved new supervisory board

Shareholders of PrJSC “Lebedinsky Seed Plant” (LSP, Cherkasy region), the parent company of the LNZ Group agricultural holding, completely renewed the composition of the supervisory board and re-elected the director at the annual general meeting on April 30, the company reported in the NSSMC’s information disclosure system.

According to the report, due to the expiration of their terms, the powers of the previous supervisory board, which included Chairman Dmytro Kravchenko (who owns 41.43% of the shares), Nataliia Kravchenko (7.06%), and Valentyna Kravchenko (3.93%), were terminated as of May 6.

The new composition of the board was elected for a three-year term. It again includes Dmytro Kravchenko, who was re-elected as chairman of the supervisory board, and Nataliia Kravchenko. Valentina Kravchenko was replaced on the board by her representative, Viktor Kravchenko. In addition, the composition of the supervisory board was expanded to include two independent directors: Dmytro Oliinyk and Serhiy Maychuk. The company’s director, Anatoliy Tkachenko, was also re-elected for a new three-year term.

In addition to personnel decisions, the shareholders approved the financial and operational results for 2024 and 2025. According to the report, the company ended 2024 with a loss of UAH 141.84 million, which was allocated to increase the accumulated losses of prior periods. At the same time, the plant ended 2025 with a profit, which was fully directed toward partially covering the losses of previous years.

At the same time, shareholders granted preliminary consent to enter into significant transactions during the year with a maximum aggregate value of UAH 70 billion, which amounts to 455.5% of the issuer’s asset value (UAH 15.37 billion). The consent pertains to loan agreements, transactions involving real estate and land, and the supply of raw materials for financial and operational activities.

The meeting also approved a new version of the company’s articles of association and the regulations governing the supervisory board.
According to Opendatabot, LNZ reported a net profit of UAH 116.59 million for 2025, which is 18.5% less than in 2024 (UAH 143.06 million). Net sales revenue for the reporting period decreased by 7.1% to UAH 17.37 billion. The company’s total assets at year-end increased by 1.1% to UAH 15.76 billion. Meanwhile, the company’s debt stood at UAH 16 billion, compared to UAH 15.91 billion a year earlier.

According to OpenDataBot, 100% of the authorized capital (UAH 12.05 million) belongs to Dmytro Kravchenko, who is the ultimate beneficial owner.

LNZ was established in 1994; the company specializes in seed treatment for reproduction and is also engaged in the supply of natural gas and electricity. The company holds stakes in the authorized capital of STOV “Agroalliance” (80%), STOV “Kavunivka” (75%), ZAT ‘Tsukorimpex’ (8%), and LLC “Corporation ”Vitchyznyane Nasinnitsya” (1.87%).

LNZ Group is a vertically integrated agro-industrial holding that develops seed production, agricultural production (cultivating over 80,000 hectares of land), distribution of plant protection products, seeds, and fertilizers, as well as grain trading. The holding is a long-standing partner of international companies such as Bayer (DEKALB), Syngenta, and others in the seed production sector.

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Kernel Sells the Rotterdam Pearl V Bulker

Agricultural holding Kernel, Ukraine’s largest exporter of agricultural products, has sold the Rotterdam Pearl V bulker, which has a carrying capacity of 55,000 tons, and is considering a complete exit from the shipping business, the holding’s press service reported on Thursday.

According to the report, the vessel, purchased in December 2023, was part of an anti-crisis strategy to ensure exports during a period of charter rate shortages. The stabilization of the maritime corridor allowed the company to shift its strategy toward operational flexibility rather than owning its own fleet. Currently, the holding retains only the MAVKA tanker with a carrying capacity of 13,500 tons for transporting oil.

“We entered the shipping business when freight rates were at their peak and access to vessels was limited. Our own fleet fulfilled its mission: we gained control over the export chain and deep market expertise. Today, the situation has changed, and we are adapting to remain effective,” the agricultural holding’s press service quoted Kernel’s Director of Logistics, Mykola Miroshnychenko, as saying.

The logistics optimization comes amid a recent attack by Russian drones on the port infrastructure in Chornomorsk on the night of May 3. At that time, Kernel’s vegetable oil transshipment terminal sustained significant damage: the destruction of tanks led to a spill of over 1,100 tons of product. The spill was quickly contained, but the company temporarily suspended operations, redirecting flows to partner terminals in Odesa and on the Danube.

As reported, Kernel exported 5.4 million tons of grain during the 2025 fiscal year (FY, July 2024–June 2025). At the same time, the company’s own harvest amounted to 2.3 million tons, while the agricultural holding purchased over 3 million tons of grain (about 60% of the segment’s exports) from third-party producers. Overall, transshipment volumes through the company’s own terminals during this period increased by 36%—to 9.1 million tons.

Before the war, Kernel ranked first in the world in sunflower oil production (about 7% of global production). In 2025, the company accounted for about 10% of Ukraine’s total export revenue. The holding’s share of global sunflower oil exports currently stands at 10%.

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Ukrainian national hockey team returns to top division

The Ukrainian national hockey team finished second at the World Championship in Division 1A in Sosnowiec, Poland, and earned promotion to the top division—a level the team had not reached since 2007.

At the end of the tournament, Ukraine had three wins and two losses, earning 10 points. The team, led by Dmytro Khristich, secured its spot in the elite division thanks to the result of the tournament’s final match, in which Lithuania defeated the host team—Poland—in overtime (2–1). A Polish victory in regulation time would have cost Ukraine second place.

Kazakhstan became the Division 1A champion with 13 points. They were followed by Ukraine (10), France (8), Poland (8), Lithuania (4), and Japan (2).

Next year, the Ukrainian national team will compete in the top-division World Championship, which will take place May 14–30, 2027, in the German cities of Düsseldorf and Mannheim.

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Serbia has donated energy equipment to a nursery in Bucha

The ‘Kapitoshka’ nursery school in Bucha, Kyiv Oblast, has received a diesel generator and a modern backup power system as part of an international aid initiative, according to Andon Sapundži, Serbia’s ambassador to Ukraine, on his Facebook page.

The facility was provided with a 35 kW (or 44 kVA) diesel generator, as well as a hybrid backup power system comprising an inverter and batteries. The equipment is intended to ensure the nursery’s uninterrupted operation in the event of external power cuts.

According to the Education Department of Bucha City Council, ‘Kapitoshka’ previously had no alternative power sources. The installed system will enable the nursery to increase its energy independence and maintain stable conditions for the children even during potential power cuts.

According to the Telegram channel Serbian Economist, the aid was delivered by the Maltese Relief Service as part of the Sovereign Order of Malta’s Warmth for Ukraine programme. An international delegation, comprising diplomatic representatives and deputy heads of mission from the Sovereign Order of Malta, Serbia, Montenegro, Albania, Azerbaijan, Indonesia, Croatia, Poland and North Macedonia, visited the nursery where the equipment has already been installed.

“Unfortunately, modern wars share one common characteristic. They primarily target those most affected by the war. And we must protect these people,” said Antonio Gazzanti Puliese di Cotrone, Ambassador of the Sovereign Order of Malta to Ukraine.

“That is why I am particularly pleased that a project aimed at meeting the needs of children has been completed. This is for the future of Ukraine and for the whole world,” he added.

Andon Sapundži, Serbia’s Ambassador to Ukraine, emphasised the significance of the project for Bucha and its residents.

“This town and its residents are heroes who stood firm in the face of the horrific crimes of 2022. Your courage and unity are an example to us all. The launch of the hybrid energy system at the ‘Kapitoshka’ nursery is not only a technical foundation but also a symbol of care for the future. This project is the result of joint efforts and international solidarity,” he said.
Taras Shapravsky, Secretary of the Bucha City Council, noted that a difficult winter may lie ahead, which is why such support is particularly important for the community’s education sector.

Nikita Gerashchenko spoke on behalf of the Kyiv Regional State Administration. He stated that thanks to the implementation of such projects, more educational and social infrastructure facilities are becoming energy-independent and energy-efficient.

For Serbia, participation in such humanitarian projects has not only diplomatic but also practical significance. Belgrade has not officially joined the EU’s anti-Russian sanctions, but is providing humanitarian support to Ukraine, including through international frameworks and assistance to civil infrastructure.

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Real GDP in 2021-2025 (forecast)

Real GDP in 2021-2025 (forecast)

Pentagon Has Declassified Documents on UFOs

On Friday, the U.S. Department of Defense announced the initial release of new, previously unpublished files concerning unidentified anomalous phenomena (UAP).

This interagency effort involved the White House, the Office of the Director of National Intelligence, the Department of Energy, the FBI, NASA, and other U.S. agencies.

The materials are available on the website WAR.GOV/UFO, and additional new files will be released by the Pentagon on an ongoing basis, the statement noted.

“This release is the result of President Donald Trump’s directive to begin the process of identifying and declassifying government files related to UAPs in the interest of ensuring full transparency. No other president or administration in history has provided this level of transparency regarding UAPs,” the department stated.

The Pentagon reported that Americans can now instantly access declassified federal government files related to UFOs.

It is noted, however, that while all files have been vetted for security purposes, many materials have not yet been analyzed to identify any anomalies.

“The Department of Defense is working closely with President Trump to ensure unprecedented transparency regarding our government’s understanding of unidentified anomalous phenomena,” said U.S. Secretary of Defense Pete Hegset. “These files, hidden among classified documents, have long fueled legitimate speculation; it is time for the American people to see them with their own eyes.”

“Today’s release is the first in an ongoing joint effort to declassify and publish these materials,” said Director of National Intelligence Tulsi Gabbard, adding that the American people have long sought transparency regarding what the government knows about unidentified anomalous phenomena.

FBI Director Kash Patel, for his part, stated that his agency “remains committed to supporting this ongoing declassification work with the same diligence and integrity we apply to all matters of national security.”

NASA Administrator Jared Isaacman also welcomed Trump’s efforts to ensure greater transparency regarding unidentified anomalous phenomena. “Our mission at NASA is to engage the brightest minds and the most advanced scientific instruments, track the data, and share what we learn. We will be candid about what we know, what we still need to understand, and what remains to be discovered. Exploration and the pursuit of knowledge are at the heart of NASA’s mission as we strive to unravel the mysteries of the universe,” he said.

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