IMC Agro Holding started the 2025 spring sowing campaign on April 16 and plans to plant 64.8 thou hectares of corn and 24.9 thou hectares of sunflower, the company’s press service reports.
“Despite the rainy and cold start to spring, as well as frequent air raids, thanks to timely tillage operations in the fall of 2024, the company managed to start the current year’s sowing campaign on time,” said Bohdan Kryvitsky, Chief Operating Officer of IMC.
He expressed confidence that due to the quality upgrade of equipment, IMC will be able to meet the optimal deadlines.
“All inventories have been purchased and delivered, the machinery is in good working order, and all production personnel are ready to lay the foundation for the upcoming spring crops,” Mr. Krivitsky emphasized.
As reported, in the fall of 2024, IMC sowed winter wheat on an area of 20.7 thou hectares, which is about 17% of the company’s land bank.
IMC Agro Holding is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The company has a land bank of about 120 thousand hectares and storage capacities of 554 thousand tons, with a harvest of 1.002 million tons in 2023.
In January-September 2024, IMC increased its revenue to $140.8 million, up 43% compared to the same period in 2023. The increase in normalized EBITDA in January-September 2024, as well as the increase in net profit in the agricultural holding, was attributed to higher sales volumes and higher grain prices.
IMC Agro Holding has added 150 grain carriers to its own railcar fleet, which now totals 300 cars, its press service reports.
According to the report, in 2024-2025, IMC invested about $22 million in grain cars.
“This railcar fleet will allow us to largely abandon leased railcars for the transportation of grain to ports,” IMC CEO Oleksandr Verzhykhovsky was quoted as saying in the report.
He added that, according to the agricultural holding, after the commissioning of this fleet, IMC will be able to transport up to 80% of the annual volume of grain grown with its own wagons, providing confidence in the timely execution of the railway component of export logistics and significantly saving on rail transportation.
IMC Agro Holding is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The Group’s land bank is about 120 thousand hectares and storage capacity is 554 thousand tons, with a harvest of 1.002 million tons in 2023.
In 2023, IMC posted a net loss of $21.03 million compared to $1.12 million a year earlier, and its EBITDA decreased 11.3 times to $3.22 million. Revenue increased by 22.3% to $139.45 million, while the share of exports decreased to 68% from 73% a year earlier.
In January-September 2024, IMC Agro Holding increased its revenue to $140.8 million, up 43% year-on-year, according to the company’s report.
According to the report, the most significant part of the company’s revenue comes from corn sales, accounting for 47.4% in the first nine months of 2024 and 83.6% in the first nine months of 2023.
In addition, in January-September 2024, the agroholding increased its revenue from sunflower sales almost fivefold to $23.4 mln. Revenue from wheat sales increased to $49.7 mln, or five times.
The increase in normalized EBITDA in January-September 2024, as well as the increase in net profit, is due to the increase in sales volumes and higher grain prices at the end of the reporting date, IMC explained.
As reported, in the season-2024, IMC grew spring crops on 90 thou hectares, of which 65.8 thou hectares were allocated for corn and 24.2 thou hectares for sunflower. The agricultural holding completed sunflower harvesting in the last days of September. The company produced 77.7 thousand tons of gross harvest with a yield 60% higher than the national average of 3.2 tons/ha.
IMC Agro Holding is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The Group’s land bank is about 120 thousand hectares and storage capacity is 554 thousand tons, with a 2023 harvest of 1.002 million tons.
In 2023, IMC posted a net loss of $21.03 million compared to $1.12 million a year earlier, and its EBITDA decreased 11.3 times to $3.22 million. Revenue increased by 22.3% to $139.45 million, while the share of exports decreased to 68% from 73% a year earlier.
IMC Agroholding completed the corn harvest on November 17, which was the fastest time to complete the harvest of grains and oilseeds in the company over the past 10 years, the company’s press service reported.
According to the report, about 611 thsd tonnes of corn were harvested from an area of 65.7 thsd ha with a yield of 9.3 t/ha. The corn yield is also significantly higher than the national average, which, according to the Ministry of Agrarian Policy and Food, is 6.3 t/ha.
“The current yield cannot be called a record, although it is almost one and a half times higher than the national average, but the low moisture content of corn (17.8%) made it possible to significantly reduce the cost of grain drying and logistics, which, together with good prices, gives confidence in a good financial result,” commented Bogdan Krivitsky, Chief Operating Officer of IMC.
As reported, in the 2024 season, IMC grew spring crops on 90 thou hectares, of which 65.8 thou hectares were allocated for corn and 24.2 thou hectares for sunflower. The agricultural holding completed sunflower harvesting in the last days of September. The company produced 77.7 thousand tons of gross harvest with a yield 60% higher than the national average of 3.2 t/ha.
IMC Agro Holding is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The Group’s land bank is about 120 thousand hectares and storage capacity is 554 thousand tons, with the 2023 harvest of 1.002 million tons.
In 2023, IMC posted a net loss of $21.03 million compared to $1.12 million a year earlier, and its EBITDA decreased 11.3 times to $3.22 million. Revenue increased by 22.3% to $139.45 million, while the share of exports decreased to 68% from 73% a year earlier.
IMC Agro Holding has completed sunflower harvesting on 24.3 thou hectares, yielding 77.7 thou tons of gross harvest with a yield 60% higher than the national average of 3.2 t/ha, the company’s press service reported on its Facebook page.
According to the report, IMC also sowed winter wheat on an area of 20.7 thousand hectares.
“This year, September was abnormally dry and hot, so we managed to complete all field work in a short time. As a result, despite the hot and dry summer, we harvested a good sunflower crop with high quality indicators. As for the winter crops sown at the optimum time, we expect productive precipitation to sprout,” said Bogdan Krivitsky, Chief Operating Officer of the agricultural holding.
“IMC is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The company’s land bank is about 120 thousand hectares and storage capacity is 554 thousand tons, with a harvest of 1.002 million tons in 2023.
In the first half of 2023, IMC earned $6.28 million in net profit, down 44.6% year-on-year, while its revenue increased by 61.6% to $71.95 million, including a 41.2% increase in exports to $58.9 million. Normalized EBITDA amounted to $17.06 million, down 41% compared to the first half of 2022, due to higher selling costs and lower harvest prices.
In 2024, IMC Agro Holding will invest $12 million in grain carriers, Chairman of the Board of Directors Alex Lissitsa said in an interview with German radio deutschlandfunk.de.
“Things are much better now, especially because we have finally returned (to the de-occupied territories where the agricultural holding operates – IF-U). We are able to export. It is a huge advantage for us to export across the western border by rail. It used to be very difficult and expensive for us. Now everything is going well,” he said.
According to Lissitsa, the normalization of IMC’s operations after the de-occupation of the territories and the resumption of exports allowed the agricultural holding to resume investments in 2024.
“Now we have $12 million in investments in grain carriers (Pfeidewagen). We also have a number of other investments planned. Therefore, things are much better now than two years ago,” said the Chairman of the Board of Directors of IMC.
Commenting on the publication of his book “My Wild Nation. Ukraine on the Road to Freedom”, Mr. Lissitsa explained that the agricultural holding is currently working with the government to identify priorities for the economic recovery of Ukraine in the next few years.
He noted that only half of the decisions made under the Ukraine Facility program have been implemented. The issue is the need to take advantage of the opportunities in the agricultural sector during Ukraine’s integration into the European Union.
“There are many things that are a bit painful for us. For example, the use of all kinds of pesticides, the use of drones, and so on, where Ukrainian agriculture has already had a significant advantage. I think that for many people in Ukraine, this (integration – IF-U) will be painful, but nothing more. It is feasible. After all, we want it,” Lissitsa assured.
According to him, Ukraine’s “savagery” is not chaos or uncontrollability.
It is the unwavering will of the Ukrainian people to freedom and self-determination on the path to EU membership.
Speaking about the upcoming Independence Day, which will be celebrated for the third time during Russia’s full-scale invasion of Ukraine, Lissitsa clarified that there will be no celebrations in the country. However, Ukrainian President Volodymyr Zelenskyy has already initiated a meeting with farmers next week to discuss the current situation in the agricultural sector.
