Shareholders of PrJSC “Lebedinsky Seed Plant” (LSP, Cherkasy region), the parent company of the LNZ Group agricultural holding, completely renewed the composition of the supervisory board and re-elected the director at the annual general meeting on April 30, the company reported in the NSSMC’s information disclosure system.
According to the report, due to the expiration of their terms, the powers of the previous supervisory board, which included Chairman Dmytro Kravchenko (who owns 41.43% of the shares), Nataliia Kravchenko (7.06%), and Valentyna Kravchenko (3.93%), were terminated as of May 6.
The new composition of the board was elected for a three-year term. It again includes Dmytro Kravchenko, who was re-elected as chairman of the supervisory board, and Nataliia Kravchenko. Valentina Kravchenko was replaced on the board by her representative, Viktor Kravchenko. In addition, the composition of the supervisory board was expanded to include two independent directors: Dmytro Oliinyk and Serhiy Maychuk. The company’s director, Anatoliy Tkachenko, was also re-elected for a new three-year term.
In addition to personnel decisions, the shareholders approved the financial and operational results for 2024 and 2025. According to the report, the company ended 2024 with a loss of UAH 141.84 million, which was allocated to increase the accumulated losses of prior periods. At the same time, the plant ended 2025 with a profit, which was fully directed toward partially covering the losses of previous years.
At the same time, shareholders granted preliminary consent to enter into significant transactions during the year with a maximum aggregate value of UAH 70 billion, which amounts to 455.5% of the issuer’s asset value (UAH 15.37 billion). The consent pertains to loan agreements, transactions involving real estate and land, and the supply of raw materials for financial and operational activities.
The meeting also approved a new version of the company’s articles of association and the regulations governing the supervisory board.
According to Opendatabot, LNZ reported a net profit of UAH 116.59 million for 2025, which is 18.5% less than in 2024 (UAH 143.06 million). Net sales revenue for the reporting period decreased by 7.1% to UAH 17.37 billion. The company’s total assets at year-end increased by 1.1% to UAH 15.76 billion. Meanwhile, the company’s debt stood at UAH 16 billion, compared to UAH 15.91 billion a year earlier.
According to OpenDataBot, 100% of the authorized capital (UAH 12.05 million) belongs to Dmytro Kravchenko, who is the ultimate beneficial owner.
LNZ was established in 1994; the company specializes in seed treatment for reproduction and is also engaged in the supply of natural gas and electricity. The company holds stakes in the authorized capital of STOV “Agroalliance” (80%), STOV “Kavunivka” (75%), ZAT ‘Tsukorimpex’ (8%), and LLC “Corporation ”Vitchyznyane Nasinnitsya” (1.87%).
LNZ Group is a vertically integrated agro-industrial holding that develops seed production, agricultural production (cultivating over 80,000 hectares of land), distribution of plant protection products, seeds, and fertilizers, as well as grain trading. The holding is a long-standing partner of international companies such as Bayer (DEKALB), Syngenta, and others in the seed production sector.
Lebedyn Seed Plant agroholding (LNZ-AGRO LLC) has acquired 100% of crop planting business of Shpola-Agro Industry with all infrastructure and machinery in Cherkasy region.
According to a press release of EY, the cost of the deal was $15.9 million for 100% stake with a land bank of around 8,500 ha of leased farmland.
LNZ Group with the acquisition of 100% corporate rights in Shpola-Agro Industry expanded its land bank by 16.7%, to 70,000 ha.
Negotiations to acquire the corporate rights in Shpola-Agro Industry had lasted since November 2017. In April 2018, the Antimonopoly Committee of Ukraine permitted to acquire the stake.
The LNZ Group’s core business is the cultivation and sale of grain, oilseeds and industrial crops; provision of services for primary processing and storage of grain, breeding of dairy cattle, processing of meat and milk, wholesale trade in cereals, production and sale of seeds, planting materials of field crops and plant protection agents. The main asset is Lebedyn Seed Plant.
Shpola-Agro Industry LLC (village Syhnayivka, Shpola district, Cherkasy region) is connected by control relations with business entities that form the ByFrederic Group. The company is engaged in activities for growing wheat, corn, sunflower, growing cattle, growing and selling seeds; activity on providing services of primary processing and storage of grain.
After the concentration the relations of control between Shpola-Agro Industry and the ByFrederic group will be suspended.
