Tea and coffee producer Monomakh PJSC (Kyiv Oblast) increased its revenue by 21.9% to 1.51104 billion UAH in January–June 2026, but saw its net profit decline by a factor of 3.4 to 24.43 million UAH.
According to the company’s semi-annual report filed with the National Securities and Stock Market Commission (NSSMC)’s disclosure system, gross profit rose by 29.2% to 484.75 million UAH, while operating profit fell by 41.6% to 84.4 million UAH.
The company’s assets for the first half of the year decreased by 6% to 1.7752 billion UAH, equity by 5.7% to 609.87 million UAH, and total liabilities by 6.1% to 1.16534 billion UAH.
According to the report, revenue in the second quarter rose by 18.0% to 685.42 million UAH, while net profit fell 2.8-fold to 9.52 million UAH.
The company specified that in the second quarter it produced and sold 1.39 thousand metric tons of products, with export revenue accounting for 11% of total sales.
PJSC “Monomakh” was founded in 2000. It produces packaged tea and coffee products under the LOVARE, “Monomakh,” “Three Elephants,” “Tea Masterpieces,” “KAIF,” Ferrara, and “Coffee Masterpieces” brands. The average number of employees is 567. The ultimate beneficial owner is Taras Barabash.
In 2025, the company increased its revenue by 22%—to 2.77 billion UAH—but saw its net profit decline by 40%—to 181.84 million UAH.
The Ukrainian company Monomakh has declared its openness, readiness to cooperate with law enforcement agencies and determination to protect its business reputation exclusively in the legal field to protect the business from economic damage caused by the distortion of information in the media about the company’s activities.
“We are determined to defend our reputation in court. The Ukrainian state should stand by those who create jobs, support the Armed Forces and act transparently,” the company’s website says.
The company emphasized that it does not cooperate with Russia and Belarus, does not have any official representative offices or affiliated companies, marketplace partners in these countries, and has not carried out any transactions after February 24, 2022.
“We are convinced that the court will make an appropriate assessment of the information attack in the media with signs of manipulation of public opinion,” the company said and called on journalists to adhere to professional standards, verify information, address inquiries directly to the company and not disseminate unconfirmed data.
Monomakh is currently operating as usual.
As reported, on June 16, the Security Service of Ukraine put Taras Barabash, co-owner of the Monomakh tea producer, on the wanted list.
The NV media outlet, citing the Ministry of Internal Affairs (MIA) and a ruling by Kyiv’s Solomyansky District Court, reported that the company may have been involved in the sale of its goods to Russia and Belarus since September 2018. The court noted that since September 2018, Monomakh has been conducting business activities with both Ukrainian resident companies and foreign economic activities with non-resident entities, in particular through the hidden transit of goods through Poland to Belarus and further to the territory of Belarus and the Russian Federation.
Monomakh JSC published a response on its website, accusing the media of an “aggressive information attack” with “unfounded accusations that are a planned pressure on Ukrainian business.” The company added that there are currently no court decisions establishing the guilt of Monomakh officials, and announced its intention to protect its business reputation and legal interests in the manner and in accordance with the applicable law.
JSC Monomakh was founded in 2000 in Brovary district of Kyiv region. Its principal activity is the production of coffee and tea, wholesale of tea and coffee under the trademarks Monomax, Lovare, Stefano, Ferarra, Three Elephants, Tea Masterpieces, Coffee Masterpieces, and Coffe & Tea. The ultimate beneficiaries of the company are Taras and Bohdan Barabash.
According to the Opendatabot service, in 2024, the company’s revenue increased by 26.3% to UAH 2.271 billion, net profit increased 1.7 times to UAH 303.13 million, debt increased by 14% to UAH 426.87 million, and assets increased by 53.6% to UAH 1.594 billion. The number of employees increased by 32 people to 382.
