Business news from Ukraine

Business news from Ukraine

DTEK Kyiv Grids has completed 40% of repairs to prepare for winter

DTEK Kyiv Grids has completed almost 40% of the repairs planned for 2025 to prepare the city’s energy infrastructure for stable operation during peak consumption periods, in particular during the heat wave or autumn and winter.

“We have already completed almost 40% of the activities planned for 2025. In particular, we have repaired more than 90 transformer substations of different voltage classes and completed more than 300 repairs of cable lines,” the company said, citing Denys Bondar, CEO of DTEK Kyiv Electricity Grids.

In total, in 2025, the power engineers of the transmission system operator plan to carry out repairs at six high-voltage substations, as well as 802 distribution and transformer points. In addition, it is planned to repair almost 60 kilometers of overhead power lines, 60 transformers, 217 switches and carry out 2,150 repairs on underground cable power lines.

As noted in the company, the power engineers of the capital conduct inspections, diagnostics of equipment and electrical lines, in particular, using thermal imagers, mobile electrical laboratories, analysis of technical fluids, etc. and, based on the data obtained, identify weaknesses where an accident may occur.

As reported, last year DTEK Kyiv Electricity Networks repaired and reconstructed 797 power facilities and 62 km of power lines and performed 5 thousand repairs of cable lines, investing almost UAH 1 billion in these projects.

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Exports of agricultural products from Ukraine decreased by 23% in April

In April 2025, Ukraine exported 4.1 million tons of agricultural products, which is 23.4% less than the same indicator of the previous month, according to the Ukrainian Agribusiness Club.

“Such dynamics of export reduction is typical for this season. The vast majority of the grown products have already been exported, and there are still small volumes for export,” the analysts explained.

Experts noted that almost all groups of goods in April 2025 show a decline in exports. The only exception is vegetable oils, the export volumes of which are growing. This is due to the atypical situation on the Ukrainian sunflower oil market, whose production volumes were stretched over time this year.

According to them, in April 2025, the structure of agricultural exports was dominated by vegetable oils, which amounted to 525.8 mln tons, up 6% compared to the previous month. At the same time, sunflower oil accounted for 91% of exports, and soybean oil – 9%.

Grain exports decreased by 33% and amounted to 2.4 mln tons, with corn accounting for 65%, wheat – 32%, barley – 2%; oilseeds – by 3% to 421.2 thsd tonnes. tons (soybeans – 78%, rapeseed – 20% and flax – 1%), cake after extraction of vegetable oils – by 14% to 423.0 thousand tons (sunflower – 73%, soybean – 27%), other types of agricultural products – by 2% to 357.0 thousand tons.

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“Ukrfinzhytlo” increased assets to UAH 94 bln, profit to UAH 6.2 bln

PrJSC “Ukrainian Financial Housing Company” (Ukrfinzhytlo), which manages the state program “eOselya”, increased its assets by 54% to UAH 93.76 billion in 2024.

According to the company’s annual financial statements posted in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its revenues increased by 25.7% last year to UAH 10.3 billion, while expenses increased 2.7 times to UAH 2.73 billion.

The company’s retained earnings at the end of 2024 amounted to UAH 9.5 billion.

As of December 31, 2024, financial investments in the company’s securities amounted to UAH 68.9 billion, and loans for UAH 12.9 billion were received. The company’s net profit increased by 5% to UAH 6.2 billion.

In 2024, Ukrfinzhytlo reportedly issued UAH 14.4 billion in loans to partner banks to finance the eHouse program, including by quarter: first quarter – UAH 3.7 billion; second quarter – UAH 4.3 billion; third quarter – UAH 3.3 billion; fourth quarter – UAH 3 billion.

In addition, in 2024, the company paid UAH 3.3 billion in favor of the state to the budgets of all levels and other target funds in the form of taxes, fees and other mandatory payments.

“Ukrfinzhytlo also plans to distribute UAH 1.87 billion in dividends from its net profit for 2024 to the state budget.

As reported, the eOselya affordable mortgage lending program was launched in Ukraine in October 2022. Contract servicemen of the Armed Forces of Ukraine, employees of the security and defense sector, healthcare workers, teachers, and scientists can apply for a preferential mortgage at 3% per annum for up to 20 years with a down payment of 20% of the cost of housing. Starting from August 1, 2023, war veterans, combatants, internally displaced persons (IDPs) and citizens who do not own housing exceeding the standard area can apply for the eHouse program at a 7% interest rate.

Under the terms of the program, privileged categories of participants can buy housing in a house under construction and houses not older than 10 years (in the capital and regional centers), while other participants can buy housing in a house not older than three years or a building under construction. IDPs can participate in “eHouse” at 7% per annum and purchase housing less than 10 years old or under construction throughout Ukraine, where the program operates.

The Cabinet of Ministers of Ukraine amended the terms of eHouse by Resolution No. 939 of August 16. In particular, starting from September 19, eRestoration certificates can be used as a down payment for the purchase of housing under eHouse, property rights to private houses under construction can be purchased, and interest rates have been increased after 10 years of loan servicing. Starting from October 19, the down payment for young people under the age of 25 was reduced (from 10%).

The program involves 11 partner banks: state-owned Oschadbank, PrivatBank, Ukrgasbank, Sens Bank, Sky Bank, Credit Dnipro Bank, Globus Bank, Tascombank, Bisbank, and Radabank.

In total, as of May 1, 16,600 families have become homeowners since the launch of the eHouse preferential mortgage program in 2022, with the total amount of loans received amounting to UAH 27.302 billion.

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Export changes in % to previous period in 2023-2024

Export changes in % to previous period in 2023-2024

Source: Open4Business.com.ua

IMK Agroholding reported profit of $54.5 mln in 2024, compared to loss of $21 mln last year

IMK Agroholding ended 2024 with a net profit of $54.54 million compared to a net loss of $21.03 million in 2023, according to the company’s annual report on the Warsaw Stock Exchange.

According to the report, the company’s revenue grew by 52% to $211.29 million, gross profit increased fourfold to $109.10 million, and normalized EBITDA increased 25-fold to $86.11 million.

“The growth in EBITDA in 2024, as well as the increase in net profit, is related to higher sales volumes and prices for grains and oilseeds during the period,” the document says.

IMC specified that the most significant part of the company’s income comes from corn sales – $107.85 million, which is 8% more than in 2023.

At the same time, in 2024, the agricultural holding increased its revenue from the sale of sunflower seeds by 2.7 times to $46.45 million, wheat by 2.5 times to $56.01 million, or five times.

The share of exports in revenue increased last year to 75% from 64% a year earlier.

According to the report, net cash flow from operating activities increased in 2024 to $91.6 million from $17.1 million in the previous year, mainly due to higher sales volumes.

Net cash outflow from investing activities increased to $22.5 million from $16.6 million in 2023, in line with the group’s capital investment program, the document said.

It is also noted that debt fell last year from $45.7 million to $23.3 million.

IMK Agroholding is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (north and center of 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.

In 2023, IMK reported a net loss of $21.03 million, compared to $1.12 million a year earlier, while its EBITDA fell 11.3 times to $3.22 million. Revenue grew by 22.3% to $139.45 million, while the share of exports fell to 68% from 73% a year earlier.

In the first nine months of 2024, the agricultural holding reported a net profit of $47.17 million, compared with a net loss of $2.25 million in the first nine months of 2023. Its revenue grew by 43% to $140.79 million, while EBITDA increased 5.1 times to $71.10 million.

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