State-owned Oschadbank increased the loan portfolio of the MHP group of companies by UAH 500 million by providing a blanket credit line to replenish working capital, the financial institution announced on Wednesday.
According to a press release from the bank, taking into account the new financing, the total amount of funds provided to MHP under the general credit agreement exceeded UAH 2.66 billion.
“For companies demonstrating a high level of financial management, Oschadbank is ready to offer not only large credit lines but also flexible financing instruments without collateral,” said Serhiy Chernikov, director of the bank’s corporate business department.
It is noted that the new unsecured credit line will enable the company to finance its current operations, maintain production cycles, and fulfill its obligations to partners.
As reported, Oschadbank’s loan portfolio for the first quarter of 2026 increased by 2.5%, or by 3.14 billion UAH, to 130.59 billion UAH; specifically, loans to legal entities rose by 1.9% to 102.74 billion UAH.
According to the National Bank, as of April 1, 2026, the state-owned bank, with net assets of UAH 500.9 billion, ranked second among the country’s 58 banks.
MHP is the largest poultry producer in Ukraine and also produces grains, oil, and meat products. The agricultural holding’s production facilities are located in Ukraine and the countries of Southeast Europe.
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
IMK Agricultural Holding reduced its loan portfolio to $18 million by the end of 2025 and plans to reduce this figure to $10 million by the end of 2026, the company’s CEO Oleksandr Verzhikhovsky said at the Forbes Agro conference in Kyiv on Thursday.
“We have always had access to financing from international and Ukrainian banks and have actively used these opportunities. I remember the times in 2021 when we could get loans from Ukrainian commercial banks at 3-4% per annum in foreign currency. Of course, after the start of the full-scale invasion, financial institutions cannot offer such conditions, so we are gradually reducing our credit profile,” he said.
According to the CEO, the company is undergoing a long process of reducing its debt burden. To understand the dynamics, he noted that in 2014, the holding’s credit profile was $140 million. By the end of 2025, this figure had been reduced to $18 million. According to the company’s plans, provided the situation remains stable, the credit portfolio is planned to be reduced to $10 million by the end of 2026.
Against the backdrop of reduced lending, IMC switched to using its own earned funds to invest in its rolling stock and bring the company into compliance with environmental requirements. At the same time, in 2023, the holding became one of the few companies to attract a new loan from the EBRD in the amount of $11 million for the purchase of 75 grain cars to develop alternative export routes. Currently, these cars mainly provide internal logistics.
Verzhikhovsky also emphasized that cooperation with international financial institutions (IFC, EBRD) remains an important factor for IMC in improving the company’s status and the quality of corporate governance.
IMK Agroholding is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the crop production, elevators, and warehouses segments. The land bank is about 120,000 hectares, storage capacity is 554,000 tons for the 2023 harvest of 1.002 million tons.
In January-September 2025, IMC increased its net profit by 43% compared to the same period in 2024, to $67.5 million. The agricultural holding’s revenue for the reporting period decreased by 16% to $118.6 million, while gross profit increased by 6% to $93.2 million and normalized EBITDA increased by 24% to $88 million.
Avangard Agroholding LLC, parent company of Ukraine’s largest producer of poultry eggs, has reduced its net loss by 18.6 times in 2021 compared to 2020 to UAH 28.5 million.
According to the company’s report in the information disclosure system of the National Commission on Securities and Stock Market (NSCSM) on Monday, the company’s assets decreased last year by 19% to 20.71 billion UAH, while the unallocated loss decreased by 0.2% to 10.5 billion UAH.
According to the NKTSBFR, the net loss per common registered share of Avangard last year amounted to 0.00056 UAH.
According to the statement, on December 29, the annual shareholders’ meeting will be held on December 29, where shareholders are going to decide on offsetting the net loss incurred in 2021 at the expense of future profits.
As reported, Avangard said in March 2022 that it has incurred a loss of 1.5 billion hryvnias since the beginning of the Russian military invasion of Ukraine. Russian aggression led to the shutdown of a number of key poultry farms of the group, and chickens were left without food and died at the Chornobaivska poultry farm (Belozerska village, Kherson Region).
“Ukrlandfarming is one of the largest agricultural holdings in Eurasia. It grows crops, raises cattle, and distributes equipment, fertilizers and seeds. Its member Avangard is Ukraine’s largest producer of eggs and egg products.
Based on the results of work in the first half of 2022, IMC Agricultural Holding received $11.34 million in net profit, which is 6.8 times less than in the same period last year, according to the company’s report on the Warsaw Stock Exchange on Thursday.
According to him, the loss from exchange rate differences for the agrarian group in the first half of this year amounted to $2.55 million, while in January-June last year it received $2.11 million from changes in the exchange rate.
At the same time, the company’s EBITDA fell 3.2 times, to $28.98 million, with a 47% reduction in revenue, to $44.53 million. , up to $18 million.
According to the report, the total volume of IMC assets as of June 30, 2022 decreased by 9.1% compared to December 31, 2021 – to $214, short-term debt increased by 5.9%, to $66.8 million, while long-term debt increased by 2.8%, to $155.2 million.
The report also clarifies that 97.5% of all sales in the first half of this year came from corn, compared with 98.2% in the first half of last year, and the price of its sale rose marginally to $208 per ton from $205 per ton last year. year
In total, during the specified period, IMC sold 213 thousand tons of crops for a total of $43.83 million, including 208.8 thousand tons of corn for $43.35 thousand tons of corn (-48% compared to the first half of 2021 ), 645 tons of wheat for $201 thousand (an increase of 2 times), and 93 tons of sunflower for $40 thousand (-66%). In addition, the proceeds from the sale of milk and cattle meat brought the agricultural holding a total of $572,000.
The agricultural holding indicated that until August the Black Sea ports in Ukraine remained blocked for export activities. Although the IMC has developed alternative logistics chains for exporting grain through the seaports of other neighboring countries, such logistics are very complex, have numerous bottlenecks and are associated with high capital costs to create an efficient logistics infrastructure on new export routes, which explains the low volumes of grain exports since 24 February.
At the same time, the IMC noted that none of its critically important facilities received significant damage as a result of the war, all inventories are in good condition and in safe custody, and today all the group’s assets are located in de-occupied territories.
In addition, the IMC declares that there is no shortage of labor and the preservation of its personnel, including key and top managers, although 86 employees defend Ukraine in the ranks of the Armed Forces of Ukraine.
The agricultural holding specified that this year 73% of the company’s land bank was sown: 19.2 thousand hectares of sunflower, 50.2 thousand hectares of corn and 18.4 thousand hectares of winter wheat. Land in the Chernihiv region, where active hostilities were fought, is scheduled to return to production this fall.
As of August 21, IMC completed harvesting winter wheat, harvesting from 18.3 thousand hectares with an average yield of 6.7 t/ha, which is a record result for all the years of the company’s economic activity, and 18% higher than in 2021 year.
IMC specializes in the cultivation of cereals, oilseeds and milk production in Ukraine. It processes about 123.3 thousand hectares of land in the Poltava, Chernihiv and Sumy regions. It owns storage facilities for 554 thousand tons of grain and oilseeds.
At the end of 2021, IMC increased its net profit by 2.5 times compared to 2020 – up to $78.71 million, EBITDA – by 53%, up to $110.35 million, revenue – by 12.6%, up to $181.69 million
In 2021, IMC sold 536.10 thousand tons of corn (-12.2% compared to 2020), wheat – 117.97 thousand tons (-0.1%), sunflower – 85.82 thousand tons ( -1.2%).
KSG Agro agricultural holding will increase rapeseed crops this year by at least 22% from 820 hectares last year to at least 1,000 hectares in 2022, in order to increase the harvest of winter wheat, according to a press release from the group of companies on Monday.
At the same time, the cultivation of winter wheat in areas where rapeseeds were previously sown, allows to increase its yield by 5-10 tonnes per ha.
“Our strategy is to reach at least 1,000 hectares of cultivated areas under rapeseed. We harvest rapeseed in June, and until mid-September it allows us to prepare the soil well, having accumulated a sufficient amount of moisture in it. As a result, the wheat that we sow on these sown areas gives good shoots and has time to open up,” the press service of KSG Agro said, quoting Production Director Dmytro Emelchenko.
The similar decision allowed the agricultural holding in 2021 to get an increase in the yield of winter wheat at the level of 5-10 tonnes per ha compared to wheat sown after sunflower.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as in the production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares in Dnipropetrovsk and Kherson regions.
