Ukraine’s industrial poultry sector remains highly concentrated: by 2027, the six largest vertically integrated companies will account for more than 75% of chicken meat production, according to a forecast by the U.S. Department of Agriculture (USDA).
MHP remains the largest player, accounting for well over half of Ukraine’s industrial chicken production, according to the USDA FAS report Poultry and Products Annual, published on August 19, 2026.
Industrial broiler farms accounted for about 90% of Ukraine’s total chicken production in 2025. Another 8% came from household farms, and about 2% came from culled laying hens, parent stock, and other categories of poultry.
The USDA expects the role of industrial production to continue to grow, while the share of household farms will gradually decline.
Despite MHP’s dominance, the U.S. agency characterizes the Ukrainian market as competitive. Several medium-sized producers launched expansion and productivity improvement programs in 2025–2026, and some of the new capacity is expected to enter the market in 2026–2027.
Vertical integration allows companies to simultaneously engage in poultry farming, feed production, grain and oilseed cultivation, and processing, which helps offset price and military risks. The industry’s growth is currently financed primarily through companies’ own funds, as Ukrainian businesses’ access to international capital markets remains limited.
At the same time, the country’s largest producer continues its active international expansion.
In July 2025, MHP acquired 92% of Spain’s Grupo UVESA for EUR 270 million. According to USDA estimates, following the transaction, the group controls more than 10% of the Spanish poultry market, and the acquired capacity adds approximately 160,000 metric tons of chicken meat per year.
Sales in MHP’s European segment exceeded $1 billion by the end of 2025.
In May 2026, MHP acquired a 70% stake in Th. Nitsiakos AVEE, Greece’s largest vertically integrated chicken producer, with an option to acquire the remaining 30%.
The USDA reports that the Greek company’s revenue in 2025 was nearly EUR540 million, and the transaction is expected to be completed in several tranches by December 2028.
The number of Ukrainian enterprises with access to the European Union market is also growing. In 2026, the number of Ukrainian producers, processors, poultry slaughterhouses, and cold storage facilities approved by the EU increased by two, bringing the total to 19.
Among the most notable new entrants, the USDA highlights the Lutsk Agricultural Company, part of the Avesterra Group. According to the company’s management, it is implementing a large-scale expansion program with the aim of intensifying competition with MHP in both domestic and international markets.
The USDA forecasts that chicken meat production in Ukraine will increase from 1.386 million metric tons in 2025 to 1.48 million metric tons in 2026 and 1.54 million metric tons in 2027. The bulk of this growth is expected to come from industrial enterprises in the central and western regions of Ukraine.
Source: USDA Foreign Agricultural Service, Ukraine: Poultry and Products Annual, report UP2026-0022.
According to “Serbian Economist”, the Ukrainian agricultural holding MHP has invested over 100 million euros in the modernization and development of production facilities in Serbia, Serbian Ambassador to Ukraine Andon Sapundži said in an interview with Mind.
MHP operates in the Serbian market through Perutnina Ptuj Topiko, a company specializing in the production and processing of poultry meat.
The company’s products are sold on the domestic market in Serbia and exported to Bosnia and Herzegovina, Montenegro, Albania, and North Macedonia.
MHP acquired over 90% of the shares in the Slovenian company Perutnina Ptuj in 2019. The total investment in the acquisition of the group amounted to approximately 221 million euros. The deal to purchase a controlling stake was officially completed in February 2019.
Since the deal was structured through a Slovenian company, these funds were not included in the statistics on Ukrainian direct investment in Serbia. Officially, their total volume from 2010 to the first quarter of 2026 was estimated at only approximately 9 million euros.
MHP remains the most prominent example of a major Ukrainian business operating in Serbia. Other Ukrainian companies operating in the country are predominantly small and medium-sized enterprises.
Following the acquisition of Perutnina Ptuj, the Ukrainian group began expanding its production base in Serbia. In particular, the company built seven modern broiler farming facilities in Bačka Topola. MHP refers to Serbia as Perutnina Ptuj’s largest market in the Balkans.
MHP was founded in 1998 and is an international company in the food and agrotechnology sector. The group’s headquarters are located in Kyiv, and its production assets are situated in Ukraine, Spain, and countries in Southeast Europe. The company employs over 39,000 people, and its products are exported to more than 70 countries. Yuriy Kosyuk is the founder and CEO of MHP.
In 2025, MHP’s revenue totaled $3.766 billion, EBITDA was $569 million, and net income was $187 million. The group’s shares have been listed on the London Stock Exchange since 2008.
Oschadbank has increased the loan portfolio of the MHP Group by 500 million hryvnias by providing a revolving credit line to replenish working capital, the bank’s press service reported.
The new financing marks the latest stage in the strategic partnership between Oschadbank and MHP, which has been ongoing since 2022. Taking into account the expanded limit under the general credit agreement between the bank and the MHP Group, the total amount of financing provided exceeds UAH 2.66 billion.
According to Oschadbank, the new credit line will help the company flexibly finance its current operations, maintain production cycles, fulfill obligations to partners, and strengthen the export potential of Ukraine’s agro-industrial complex.
“MHP is one of Oschadbank’s key clients, a leader in the Ukrainian agro-industrial complex, and a company with high-quality financial reporting and stable operations. For companies demonstrating such a high level of financial management as the MHP Group, Oschadbank is ready to offer not only large credit lines but also flexible financing instruments without collateral,” noted Serhiy Chernikov, Director of Oschadbank’s Corporate Business Department.
He added that for a state-owned bank, the decision to provide unsecured financing is based on in-depth analysis of the borrower and a detailed assessment of potential credit risk.
Nadiya Zherebnyuk, Director of the Corporate Finance and Treasury Department at MHP, noted that Oschadbank is a key financial partner of the group, and the expansion of cooperation through unsecured financing instruments has become a new stage in strengthening MHP’s financial stability.
Oschadbank systematically supports large Ukrainian businesses, the agro-industrial complex, and exporters, which provide foreign currency inflows, jobs, tax revenues, and stability to Ukraine’s economy.
Oschadbank is one of Ukraine’s largest state-owned banks. According to the National Bank of Ukraine, as of May 1, 2026, the bank’s assets exceeded UAH 510 billion, with capital amounting to approximately UAH 44.7 billion. The bank serves individuals, small and medium-sized businesses, corporate clients, and the public sector.
MHP is an international food and agrotechnology company with production assets in Ukraine and Europe. The company is expanding its export operations and supplies products to over 70 countries worldwide. In 2019, Perutnina Ptuj—one of the leading producers of chicken and meat products in Southeast Europe—joined the MHP Group.
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.
MHP Food and Agricultural Holding, Ukraine’s largest chicken producer, has submitted a binding offer to acquire UVESA Group (UVESA), the market leader in the Spanish food industry in the production of poultry and pork, the company’s press service reports.
“The transaction is an open tender offer addressed to all current shareholders of UVESA, which is subject to certain conditions, including, but not limited to, reaching the minimum acceptance threshold of 50.01%. If regulatory approvals are required to close the deal, MHP will ensure that all requirements are met,” the statement said.
The agroholding emphasized that this acquisition is another step in MHP’s development in international markets and strengthening the company’s position as an important player in the global food market and the European market in particular. Expanding its international presence is in line with MHP’s strategy of transforming itself into an international culinary company with operations in key regional markets.
MHP is one of the largest investors in Ukraine. Since the full-scale invasion, MHP has invested UAH 14.8 billion in business development in Ukraine.
“MHP’s main priority remains the further development of its business in Ukraine. We are working to ensure food safety, stable operation of enterprises, strengthening the country’s economy, supporting the military, our teams and communities, investing in Ukrainian businesses that expand the MHP culinary ecosystem,” the agroholding said, adding that despite the war, MHP demonstrates resilience and growth, scaling up its practices at foreign assets.
The company already has successful experience in acquiring and developing companies in the European Union – in 2019, Perutnina Ptuj (Slovenia, Serbia, Croatia, Bosnia and Herzegovina) became part of MHP Group.
MHP has considerable expertise in poultry production – for the second year in a row, the company has retained the status of the largest poultry producer in Europe according to the WATT Poultry International rating.
In addition, thanks to MHP’s business approaches, solutions and expertise, the European company has significantly increased its efficiency – Perutnina Ptuj’s EBIDTA grew from $34 million in 2018 to $91 million in 2023.
“This experience of MHP will make it possible to make a significant contribution to the agricultural and food sectors in Spain. The deal will help meet the growing demand for high quality and affordable food in the world. This step is of great importance for strengthening the food security of the European Union and is fully in line with Ukraine’s European integration aspirations to become part of the single European market,” MHP summarized.
UVESA Group was founded in 1964 by a group of veterinarians who acquired the Piensos Uve feed mill (Tudela, Navarra province). Between 1972 and 1984, the group expanded its assets to three feed mills, and in 1985 acquired its own slaughterhouse. In 2001, it opened a poultry factory with slaughter and processing facilities in Málaga, in 2008 a new poultry processing plant and in 2016 a poultry hatchery in Navarre. In 2017, Prado Vega and Saconda merged to become Uvesa Cuellar Uvesa Catarroja. By 2020, the company owned 600 integrated farms and launched the production and export of raw sausage under the Alpico brand, as well as a line of halal meat products under the Basmahal brand.
“MHP is the largest chicken producer in Ukraine. The company produces cereals, sunflower oil, and processed meat products.
As reported, the company received $142 million in net profit in 2023 compared to $231 million in net loss a year earlier. The group’s revenue last year increased by 14% to $3.021 billion.
In the third quarter of this year, MHP earned $96 million in net profit, which is 75% higher than in the third quarter of 2023, while revenue increased by 5% to $773 million, gross profit grew by 47% to $249 million, operating profit by 62% to $154 million, and adjusted EBITDA by 56% to $173 million.
In January-September 2024, MHP, Ukraine’s largest chicken producer, reduced sales of sunflower oil by 11% compared to the same period in 2023, to 330.24 thousand tons.
“The decline is primarily due to a change in the recipe for oilcake production, which led to a decrease in oil production,” the holding company said in a report to the London Stock Exchange.
“In January-September 2024, MHP also reduced sales of soybean oil by 9% compared to the same period in 2023, to 35.46 thousand tons.
Revenue of the vegetable oils segment in January-September 2024 decreased by 27% to $355 mln, which led to a decrease in adjusted EBITDA (excluding IFRS 16) to $42 mln compared to $71 mln in the same period last year, which the agricultural holding explains by a decline in both world oil prices and sales volumes.
“MHP is the largest chicken producer in Ukraine. The company produces cereals, sunflower oil, and processed meat products.
As reported, the company received $142 million in net profit in 2023 compared to $231 million in net loss a year earlier. The group’s revenue last year increased by 14% to $3.021 billion.
In the third quarter of this year, MHP earned $96 million in net profit, which is 75% higher than in the third quarter of 2023, while revenue increased by 5% to $773 million, gross profit grew by 47% to $249 million, operating profit by 62% to $154 million, and adjusted EBITDA by 56% to $173 million.
