The sole shareholder of Public Joint-Stock Company “Khlibprom Concern” has approved a decision to convert the company into a limited liability company, according to information cited from the National Securities and Stock Market Commission’s (NSSMC) disclosure system.
The decision to reorganize one of Ukraine’s largest bread producers was adopted on July 23, 2026. The newly formed LLC “Khlibprom Concern” will become the full legal successor to the assets, contracts, rights, and obligations of the private joint-stock company.
The shares of the private joint-stock company will be converted into a stake in the LLC’s authorized capital at a ratio of 1:1. The authorized capital of the successor entity will amount to approximately 163.55 million UAH.
The company explained the reorganization as a necessity to simplify corporate governance. The conversion to an LLC does not involve the sale of the company or a change in its ultimate owner.
The organizational and legal form of a limited liability company involves fewer regulatory procedures; in particular, the company will not be required to maintain a share register or comply with certain requirements applicable to joint-stock companies.
In 2025, Khlibprom Concern’s revenue increased by 9.5% compared to the previous year, reaching 2,228.92 million UAH. The company’s net loss decreased by a factor of 13.5, to 5 million UAH, compared to 67.57 million UAH in 2024.
The company’s assets as of the end of 2025 totaled 1 billion 190.76 million UAH, while its liabilities decreased by 10.1% to 509.95 million UAH.
“Khlibprom Concern” is one of the largest producers of bread, baked goods, and confectionery products in Ukraine. The company produces up to 160 metric tons of products daily, including frozen semi-finished dough products.
The company’s structure includes five processing facilities in the Lviv and Vinnytsia regions. The company’s brand portfolio includes Agrola, Bandinelli, 2go, “Lyublyanna,” and “Vinnitsakhleb.” The ultimate beneficial owner of the company is Natalia Antonova.
PJSC Concern Khlibprom (Lviv), one of Ukraine’s largest producers of bread and bakery products, posted a net loss of UAH 65.667 million in 2024, compared to a net profit of UAH 70.83 million a year earlier.
According to the agenda of the annual general meeting of shareholders scheduled for April 30 this year in remote mode, the shareholders are proposed to cover the net loss of UAH 161,366 thousand incurred by the company in 2024 at the expense of deferred income, and not to accrue or pay dividends.
In addition, the shareholders are proposed to approve the report of the management and the supervisory board on the financial and economic activities of the company for 2024, to recognize the work of the management and the supervisory board as satisfactory. They also have to approve the reports and conclusions of the audit firm Nexia DK Audit LLC and decide on the need to take the measures recommended by the auditor.
According to Opendatabot, in 2024, Concern Khlibprom PJSC increased its revenue by 7.4% to UAH 2.036 billion, its debt obligations by 1.5 times to UAH 567.38 million, and its assets by 11.4% to UAH 1.19 billion. At the same time, the number of employees decreased by 52 people to 2,601. The company’s authorized capital is UAH 163.55 million.
Concern Khlibprom is one of the largest enterprises in the Ukrainian bread market, producing up to 200 tons of products daily: bread, bakery, confectionery and semi-finished dough products. The company has five processing plants located in Lviv and Vinnytsia regions. It owns the Khlibna Khata, Vinnytsiakhlib, Khlib po-Lvivski, Lyublyanna, Bandinelli, and Panerini trademarks.
The company’s beneficiary is Natalia Antonova, the ex-wife of OKKO Group majority owner Vitaliy Antonov. In October 2024, she acquired a 25.3% stake in Concern Khlibprom from Universal Investment Group LLC and became the owner of 98.1% of the company’s shares.
