According to the company’s annual report filed with the Warsaw Stock Exchange, the agricultural holding reported EBITDA of $1.27 million for the first quarter of 2025, a 26.6% decrease from the same period in 2026.
According to the document, the agricultural holding’s revenue for the reporting period decreased by 39.6% to $2.55 million, gross profit by 17.1% to $1.25 million, and operating profit by 24.1% to $1.01 million.
KSG Agro’s net profit for the first quarter was $0.14 million, compared to $3.04 million in the first quarter of last year, when the contribution from the sale of two of the holding’s assets amounted to $1.71 million.
In addition, in the first quarter of this year, the agricultural holding made $0.42 million in investments, which is 11 times more than in the first quarter of last year.
“The Group continues to implement its simple strategy, focusing on one winter crop, three spring crops, and a single breed of pigs… Overall, operating performance is considered satisfactory,” the report states.
According to the report, the crop production segment generated $0.81 million in revenue and a gross loss of $0.12 million in the first quarter, while the swine segment generated $1.66 million in revenue and a gross profit of $1.32 million,
As of the reporting date, KSG Agro had 1,900 hectares of winter wheat and 219 hectares of winter barley.
In 2025, the agricultural holding, which had previously decided to switch to Canadian genetics, purchased an additional 1,300 Canadian sows, enabling it to produce high-quality piglets to be sold as weaners and market hogs, the report states.
The document reiterates that the board of directors is developing a new growth strategy to expand the agricultural holding’s operations in the European Union with the clear goal of concentrating the majority of the group’s assets and revenues in the EU over the next 3–5 years. According to the company, this can be achieved through a series of mergers and acquisitions, as well as financed using equity and debt, including additional share issuances.
“The new strategy focuses primarily on expansion and investment, which reduces the potential risks of investing exclusively in Ukraine and mitigates the negative impact of the current macroeconomic situation in Ukraine on the Group’s business,” the report states.
The company’s net debt as of the end of March 2026 stood at $14.10 million, compared to $14.39 million at the beginning of the year, while equity remained at $8.94 million.
Olbis Investment LTD SA, owned by Serhiy Kasyanov, Chairman of the Board of Directors of KSG Agro, holds 47.83% of the holding company’s shares; 47.57% are in free float on the Warsaw Stock Exchange; and another 4.59% are treasury shares.
KSG Agro is a vertically integrated holding company engaged in pig farming, as well as the production, storage, processing, and sale of grains and oilseeds. Its land bank in the Dnipropetrovsk and Kherson regions totals approximately 21,000 hectares.
According to 2025 results, the agricultural holding increased its net profit by 5.4 times compared to 2024—to $4.23 million—while its revenue decreased by 14.3%—to $18.92 million.
During 2023 and 2024, one of KSG Agro’s main operating subsidiaries issued three series of foreign currency bonds at 7% per annum for a total of $4.38 million, maturing from September 2026 to February 2027.
AGRICULTURAL HOLDING, EBITDA, KSG AGRO, PIG FARMING, Warsaw Stock Exchange
In 2025, 9,582 work permits were issued to foreign nationals and stateless persons, and 3,310 were revoked. Thus, 6,272 migrant workers remained in the country, accounting for 0.14% of the 4.5 million workers needed to fill the labor market, a well-informed government source told the Interfax-Ukraine news agency.
The State Employment Service also confirms the small share of foreigners in the domestic labor market. According to the agency’s statistics, prior to the full-scale invasion, employers received approximately 21,000 work permits for foreigners annually.
“After 2022, this figure decreased and has not yet reached pre-war levels. For example, 4,720 permits were issued in 2024, and 7,483 in 2025. This is more than half the number issued before the start of the full-scale war,” the Employment Service’s website states.
The State Migration Service provides slightly different statistics. As of December 31, 2025, there were 47,684 foreigners and stateless persons (temporary residents) registered in Ukraine. Of these, 8,440 temporary residence permits were issued for the first time in 2025.
However, all agencies agree that the share of foreigners in the domestic labor market is negligible. After all, when processing documents, aside from the employer’s consent, numerous issues arise regarding visas, SBU checks, residence permits, and other matters, which is why only a fraction of workers actually come to Ukraine.
Thus, despite labor migration, the labor market is increasingly feeling a shortage of workers.
“That is why it is now necessary to develop a new migration policy, taking as an example the legislation of countries that are successful in this regard, such as Canada, Australia, or Israel. Then there will be no speculation, and the problem of securing a workforce for Ukrainian businesses will be resolved,” the agency’s source emphasized.
Although, in his opinion, it is certainly best to focus on preserving the domestic labor force so that Ukrainians return from the EU rather than leave for it. And only after that, once we understand how many workers are lacking and in which sectors, should we attract foreign workers for specific projects, establishing rules for employer companies and ensuring oversight of them by the State Labor Service.
Metinvest Business Service LLC (MBS, Kryvyi Rih, Dnipropetrovsk Oblast), a multifunctional center providing accounting, tax, and other services, in January-March of this year, reported a net profit of UAH 10.567 million, compared to a net loss of UAH 27.437 million for the same period last year.
According to the company’s interim report, which is available to the agency “Interfax-Ukraine”, revenue from ordinary activities for this period decreased by 1.4% to UAH 158.587 million.
The accumulated deficit as of the end of March amounted to UAH 1.261 million.
In 2025, the company reported a net profit of UAH 9.674 million, compared to a net loss of UAH 8.495 million in the previous year, while revenue from ordinary activities for this period increased by 8.6%—to UAH 712.139 million from UAH 655.541 million.
The average number of employees at the end of 2025 was 1,050, and at the end of 2024, it was 1,279.
Metinvest Business Service LLC (Kryvyi Rih, Dnipropetrovsk Oblast) is a multifunctional service center providing accounting and tax services, treasury operations, human resources management services, legal services, and other services. The company was founded in 2014 and serves as the sole service center for Metinvest Group companies. MBS offices are located in Kryvyi Rih, Mariupol (prior to the war), and Zaporizhzhia.
Metinvest Holding LLC owns a 100% stake in MBS LLC.
The LLC’s authorized capital is UAH 71.125 million.
MBS LLC is part of the Metinvest Group, whose main shareholders are PJSC System Capital Management (SCM, Donetsk) (71.24%) and the Smart-Holding group of companies (23.76%). The management company of the Metinvest Group is Metinvest Holding LLC.
The Zaporizhzhia Metallurgical Plant “Zaporizhstal” reduced rolled steel shipments by 6.3% in January-May of this year compared to the same period last year—to 1.0285 million tons from 1.0973 million tons.
According to the company’s press release on Monday, steel production for the first five months of the year amounted to 1,158,100 tons (1,296,800 tons in January–May 2025), and pig iron production to 1,255,000 tons (1,426,900 tons) .
In May, Zaporizhstal produced 242,100 tons of pig iron and 243,400 tons of steel, and shipped 208,900 tons of rolled steel, whereas the previous month it produced 193,500 tons of pig iron, 156,600 tons of steel, and shipped 159,100 tons of rolled steel.
Other reports indicate that the company has a “Bring a Friend” program, which not only helps acquaintances find stable employment but also strengthens the team with reliable people and provides additional monetary rewards. Since the beginning of the year, 323 new employees have joined the plant’s workforce thanks to employee referrals. A total of 265 Zaporizhstal employees have participated in the program. The total budget for payments since the start of the year has already exceeded 4.7 million UAH.
As reported, in 2025, Zaporizhstal increased its rolled steel output by 15.2% compared to the previous year—to 2,794,600 tons from 2,426,700 tons. Steel production amounted to 3,212,200 tons (in 2024 – 2,890,800 tons), and pig iron production – 3,567,800 tons (3,106,300 tons).
In 2024, Zaporizhstal increased rolled steel output by 18.1% compared to 2023—to 2,426,700 tons from 2,054,700 tons—and steel output by 17.2%, to 2,890,800 tons, and pig iron by 14.2%, to 3,106,300 tons.
Zaporizhstal is one of Ukraine’s largest industrial enterprises, whose products are in high demand among consumers both in the domestic market and in many countries around the world.
Zaporizhstal is a joint venture of the Metinvest Group, whose main shareholders are PJSC System Capital Management (71.24%) and Smart Steel Limited (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
Kyiv hosted celebrations marking the 80th anniversary of the proclamation of the Italian Republic. On this occasion, the Independence Monument on Maidan was illuminated for the first time in history in honor of a foreign country—in the colors of the Italian tricolor, according to the Italian Embassy in Ukraine.
The events in Kyiv were hosted by Italian Ambassador to Ukraine Carlo Formosa. In his speech, he emphasized the connection between Italy’s historical experience after World War II and Ukraine’s current struggle for freedom and independence.
“Looking at today’s Ukraine and its resilience, memories come to mind of the sacrifices Italians made after the tragedy of fascism and the war to build a democratic state together. Just like our country eighty years ago, the courageous and unbreakable people of Ukraine are experiencing a moment when freedom ceases to be an abstract concept and becomes a daily, concrete, and precious choice,” the ambassador stated.
Formosa noted that Ukraine is defending not only itself but also principles vital to all of Europe: sovereignty, the right of a people to choose their own future, and the inadmissibility of using force as an argument in international relations.
“It is precisely thanks to its deep commitment to these values that Italy has stood unwaveringly by Ukraine’s side from the very first day of the Russian invasion. We continue to work together for a just and lasting peace,” the ambassador added.
The celebrations were attended by representatives of Ukraine’s state bodies, the Office of the President, the government, central and local authorities, as well as representatives of business, culture, science, the media, civil society, and the Italian community in Ukraine.
A separate part of the program was the exhibition “Renato Balestra. Codes of Haute Couture,” opened in Kyiv to mark the anniversary of the Italian Republic. The exhibition features eleven evening gowns from the fashion house, founded in Rome in 1959. The exhibition traces the over 60-year history of the Made in Italy brand, the legacy of its founder, and the fashion house’s contemporary development.
The Italian Embassy also provided photo and video materials showing the Independence Monument illuminated in the colors of the Italian flag. The materials are available for free use.
The Italian Republic was proclaimed following a referendum on June 2, 1946, as a result of which Italy abandoned the monarchy and became a republic. Republic Day is Italy’s main national holiday.
On May 27, 2026, the shareholders’ meeting of MetLife PJSC (Kyiv) approved a dividend payment of UAH 270.074 million (UAH 32.8 per share), the insurer reported via the NSSMC’s information disclosure system.
According to the published data, the payment will be made in U.S. dollars, subject to the restrictions established by the National Bank of Ukraine (NBU) on the transfer of foreign currency abroad by residents to a foreign investor/non-resident for the payment of dividends, effective from July 1, 2026, through November 27, 2026.
As reported, MetLife PJSC is part of the leading global corporation MetLife. It has been operating in Ukraine since 2002 and is the leader in the Ukrainian life insurance market.
Its main business areas include endowment life insurance, accident and critical illness insurance, corporate insurance, and bancassurance.
MetLife’s investment income in 2025 reached a record 1.19 billion UAH, which is 39.3% more than the previous year.
In 2025, the company collected 3.08 billion UAH in insurance premiums, which is 10.7% higher than the 2024 figure. The core of the portfolio is savings life insurance—over UAH 2.08 billion in premiums (+11%). The personal risk insurance segment (life + non-life) generated over UAH 1 billion for the company. During the reporting period, MetLife paid out UAH 623.6 million, a 23% increase compared to the previous year.
In early May 2026, the PZU SA Group announced that it had entered into a conditional agreement to acquire 100% of the shares in MetLife Ukraine.
