IMK Agricultural Holding supplies about 20% of agricultural products to the European Union market during 2022-2024 and 2025 and therefore depends on the European market and insights that it applies in practice, despite constant shelling and losses due to the war, said its CEO Oleksandr Verzhikhovsky.
“If we talk about the export of our products and take a look at 2022-2023-2024 and the current 2025, then about 20% of our exports went to the European market. These were mainly wheat and corn. We export 600,000 tons annually, and about 20% of that traditionally goes to the European market,” he said at a conference during the Agritechnika-2025 exhibition in Hanover, Germany.
Verzhikhovsky added that at the same time, there is a clear downward trend in the share of products supplied to the European market.
At the same time, he acknowledged that IMC depends on imports from the EU for all components of its agribusiness: fertilizers, plant protection products, and equipment.
“In fact, we are preparing to join the European community — in fact, for us, there is no alternative. We are preparing within the framework of the Smart Green Strategy, approved for 10 years until 2033. It is aimed at preparing for the high environmental standards dictated by the European market,” said the CEO of the agricultural holding.
The agroholding’s Smart Green Strategy aims to make agribusiness more environmentally friendly, which is an additional bonus to increasing efficiency. As an example, he cited the abandonment of plowing in the Poltava region due to the need to preserve moisture in the soil and reduce the carbon footprint.
Verzhikhovsky added that it is difficult to talk about further prospects at the moment due to the military actions in the regions where IMC operates.
According to him, it is extremely difficult to work due to constant power outages caused by Russian shelling of the Ukrainian power grid. IMC was forced to suspend grain drying due to a fire in the dryer after the shelling. In addition, a few weeks ago, as a result of a drone attack, the agricultural holding lost 200 cubic meters of diesel fuel at its enterprise in the Chernihiv region.
“Of course, we are moving forward with the Smart Green Strategy to implement the ‘green agenda’, but in between problems and the need to solve more urgent and routine issues imposed on us by the situation in which Ukraine lives and works,” summarized the SEO of IMC.
As reported, Alex Lissitsa, advisor to the directors of the agricultural holding, said that IMC will not launch new investment projects in 2026, but will allocate about $25 million to upgrade its equipment.
IMK Agroholding is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the segments of crop production, elevators, and warehouses. The land bank is 116,000 hectares, storage capacity is 554,000 tons, and the 2024 harvest is 864,000 tons.
IMK ended 2024 with a net profit of $54.54 million, compared to a net loss of $21.03 million in 2023. Revenue grew by 52% to $211.29 million, gross profit quadrupled to $109.10 million, and normalized EBITDA increased 25-fold to $86.11 million.
