According to its annual report, agricultural holding IMC posted $67.5 million in net profit for 2025, allowing the company not only to improve on its 2024 result ($54.6 million) but also to effectively return to pre-war profitability levels.
According to the published trends in key KPIs, following a record-breaking 2021, when profit reached $75.9 million, the holding went through a period of significant decline: in 2022, a loss of $1.1 million was recorded, which deepened to $21.0 million in 2023.
The company’s consolidated revenue in 2025 amounted to $190.5 million, which is 4.8% higher than the pre-war 2021 figure ($181.7 million), although it is slightly lower than the 2024 result ($211.3 million). EBITDA reached $95.8 million in the reporting period, indicating a recovery in operating efficiency following a critical drop to $3.2 million in 2023.
The report pays particular attention to deleveraging: the holding’s total debt at the end of 2025 fell to $17.9 million, the lowest level in the past five years (in 2021 – $32.8 million, peak in 2023 – $45.7 million). The net debt-to-EBITDA ratio remains consistently negative (-0.3), while the current ratio has risen to a record 4.6.
“The group’s further development in 2026 will depend on the course of the war, but for now we are focusing on improving business efficiency by implementing the results of our own R&D department and adhering to the “IMC SMART GREEN” strategy, which involves decarbonization and investments in the acquisition of agricultural land in Ukraine,” the holding’s report states.
According to the document, in 2026, IMC plans to focus on growing three crops: corn (58% of planted area), sunflowers (23%), and wheat (19%). The company also aims to further reduce its debt burden to $10.7 million by the end of this year. In export logistics, shipments via seaports will remain a priority while maintaining a stable share of rail transport.
IMK specializes in growing grains, oilseeds, and milk production. The company cultivates approximately 120,000 hectares of land in the Poltava, Chernihiv, and Sumy regions. Currently, the agricultural holding ranks among Ukraine’s most efficient agricultural producers in terms of yield and profitability per hectare.
The IMK integrated group of companies operates in the Sumy, Poltava, and Chernihiv regions. The holding’s priority areas of activity are crop production (growing corn, wheat, and sunflowers) and grain storage. The group’s land bank is divided into five clusters and totals 115,000 hectares. IMC’s grain storage capacity is 554,000 tons. The holding company has its own fleet of trucks, grain railcars, and high-performance agricultural machinery. The group’s shares have been listed on the Warsaw Stock Exchange since May 2011. The company is ranked among the TOP 100 largest landowners in Ukraine.
First Ukrainian International Bank (FUIB, Kyiv) reported a net profit of UAH 1.38 billion for January–March 2026, down 11.3%, or UAH 174.9 million, from the same period in 2025.
According to the bank’s financial statements, its pre-tax profit in the first quarter of 2026 increased by 33.1%, or UAH 685.3 million, to UAH 2.76 billion.
FUIB’s net interest income for the reporting period increased by 32.3%, or UAH 1.28 billion, to UAH 5.25 billion, while net fee and commission income rose by 69.6% to UAH 0.91 billion.
At the same time, impairment losses in the first quarter of this year increased nearly fourfold—to UAH 0.98 billion from UAH 0.26 billion in the corresponding period of last year—while the bank’s operating expenses rose by 12.3%—to UAH 2.71 billion.
On April 15, the bank’s general meeting of shareholders approved a resolution to replenish the reserve fund by UAH 402.6 million using retained earnings, and not to distribute the remainder of the net profit for 2025.
Since the beginning of the year, PUMB’s total assets have decreased by 2.4%, or UAH 5.56 billion, to UAH 225.47 billion, while total liabilities have decreased by 3.5%, or UAH 6.99 billion, to UAH 192.47 billion.
At the same time, the bank’s equity increased by 4.5%, or UAH 1.43 billion, to nearly UAH 33.0 billion, with retained earnings reaching UAH 23.33 billion.
The financial institution’s total loan portfolio has increased by 9.8%, or UAH 9.64 billion, since the beginning of the year, reaching UAH 107.78 billion. The corporate loan portfolio grew by 9.7% to UAH 82.04 billion, while the retail portfolio grew by 10.3% to UAH 25.75 billion.
FUIB is the largest privately owned bank in Ukraine; its ultimate beneficiary is Rinat Akhmetov.
According to the National Bank, as of January 1, 2026, PUMB, with net assets of UAH 231.03 billion, ranked 5th among the country’s 60 banks, and its net profit for 2025 amounted to UAH 8.05 billion.
Dniprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Serhiy Tihipko, reported a net loss of UAH 46.820 million for January-March of this year, compared to a profit of UAH 3.938 million in the same period last year.
According to the company’s interim report, which is available to the Interfax-Ukraine agency, revenue from ordinary activities for the specified period amounted to UAH 802.933 million, compared to UAH 778.319 million for the first three months of 2025.
At the same time, the company’s retained earnings as of the end of March 2026 amounted to 224.955 million UAH.
According to the annual report, Dniprometiz-TAS reported a net profit of UAH 8.961 million in 2025 and UAH 13.963 million in 2024, with revenue from ordinary activities amounting to UAH 3.453737 billion (UAH 3.285688 billion).
As reported, Dniprometiz-TAS reduced its net profit by 2.9% in the first nine months of 2025 compared to the same period last year—to 11.727 million UAH, while net revenue increased by 7.5%—to 2.607402 billion UAH.
In 2024, Dniprometiz-TAS increased its net profit by 47.7% compared to 2023—to UAH 14.197 million from UAH 9.610 million, while net revenue rose by 22.7%—to UAH 3.285688 billion. At the same time, the company’s retained earnings as of the end of 2024 amounted to 263.048 million UAH.
“Dniprometiz” reported a 2.6-fold decrease in net profit for 2023 compared to 2022—to UAH 9.658 million from UAH 24.733 million. Over the past year, net revenue increased by 8.2%—to UAH 2.677836 billion.
Dniprometiz reported a six-fold decrease in net profit for 2022 compared to the previous year—to UAH 25.572 million, while net revenue grew by 1.1%—to UAH 2.474397 billion.
“Dniprometiz-TAS” manufactures metal products from low-carbon steels. The company’s production capacity is 120,000 tons of products per year.
At the general meeting on April 29, 2025, the issue of increasing the company’s authorized capital through an additional contribution by a shareholder was considered. A decision was made to increase the authorized capital by UAH 100 million: from UAH 83,479,696 to UAH 183,479,696 through an additional contribution by T.A.S. Overseas Investments Limited (Cyprus) in the amount of UAH 100 million.
T.A.S. Overseas Investments Limited (Cyprus) owns a 98.6578% stake in Dniprometiz LLC.
The authorized capital of Dniprometiz-TAS LLC remains at UAH 83.480 million.
The Astarta agricultural holding reported a net profit of EUR19.94 million in 2025, which is 4.2 times less than in 2024, according to the company’s annual report on its website.
According to the report, Astarta’s consolidated revenue for the past period decreased by 23% to EUR472 million due to lower oilseed yields, reduced sales volumes of agricultural crops and sugar, combined with lower prices for certain products.
It is noted that export sales of EUR294 million accounted for 62% of consolidated revenue in 2025, while the agricultural segment generated 32% of consolidated revenue, or EUR149 million, which is 28% less than in 2024.
Sugar sales fell by 36% over the past year—to EUR147 million—and accounted for 31% of total revenue. At the same time, the share of soybean processing rose to 24% of Astarta’s revenue, or EUR112 million, thanks to a 6% increase in sales.
Sales in the livestock segment also grew by 6% year-over-year—to EUR56 million, accounting for 12% of total revenue in 2025.
According to the report, Astarta’s gross profit decreased by 42% to EUR137 million due to a EUR46 million decline in the fair value of biological assets and agricultural products, reflecting lower global prices, while EBITDA profit fell by 37% to EUR100 million, while the EBITDA margin decreased by 5 percentage points to 21%.
Astarta noted that its operating cash flow in 2025 decreased 4.5-fold to EUR36 million amid a 16% increase in inventories to EUR186 million, while cash flow from investing activities rose 91% to EUR100 million. Key investments included a strategic upgrade of the agricultural machinery fleet, a soybean processing plant (EUR42 million, with plans to launch in the second half of this year), a new multi-component seed crusher project, and the renovation of dairy farms.
Astarta’s net financial debt in 2025 (excluding lease obligations) stood at EUR94 million as of the end of last year, compared to a positive cash position of EUR21 million in 2024, while net debt doubled year-over-year last year to EUR226 million.
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine and is the largest sugar producer in Ukraine. It comprises six sugar refineries, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobine (Poltava region), seven grain elevators, and a biogas complex.
Astarta’s net profit for January–September 2025 fell by 42.2% to EUR43.70 million, while consolidated revenue decreased by 22.4% to EUR342.78 million.
JSC “Lekhim” (Kyiv) saw its net profit decline by 65.5% in 2025 compared to 2024, down to 24.424 million UAH.
According to the company’s disclosure in the NSSMC’s information disclosure system, net sales revenue in 2025 increased by 22.2% to UAH 2.191 billion.
JSC “Lekhim” is the holding company of the ‘Lekhim’ group, which includes PJSC “Technolog” (Kyiv region), JSC “Lekhim-Kharkiv,” LLC “Lekhim-Obukhiv” (Kyiv region), UAB “LEKHIM-VILNIUS” (Lithuania), and IP “LEKHIM” (Uzbekistan).
It ranks among the top 10 largest pharmaceutical manufacturers in Ukraine.
The state-owned joint-stock company “Ukragroleasing” (Kyiv), which is in the process of large-scale privatization, reported a net profit of UAH 2.11 million for 2025, compared to UAH 1.99 million in 2024, according to the National Securities and Stock Market Commission (NSSMC).
According to the issuer’s annual report, the financial plan for net profit was fulfilled at 107.3%. Net revenue from sales of products (goods, works, services) for the reporting period decreased by 12.9% compared to 2024—to UAH 185.61 million. Net profit per common share for the year amounted to UAH 0.18, compared to UAH 0.17 a year earlier.
The report notes that the company’s operations in 2025 took place amid challenging conditions in the financial services market, driven by macroeconomic instability, inflationary pressures, and the effects of martial law. Ukragroleasing’s financial results were affected by limited opportunities to increase revenue from interest and commissions amid fluctuations in bank rates. Martial law conditions also led to a deterioration in the financial condition of enterprises and a decline in their purchasing power.
The company is implementing a set of measures to strengthen financial stability. In particular, in agreement with the Ministry of Economy, Environment, and Agriculture and the State Property Fund of Ukraine, revenue from property rentals was increased: in 2025, it grew 2.3 times compared to the planned figures—to UAH 8.08 million against a plan of UAH 3.51 million.
The value of Ukragroleasing’s assets as of the end of 2025 increased by 3.1%—to UAH 444.26 million compared to UAH 430.7 million at the beginning of the year. The company’s non-current assets increased by 4.5% over the year, from UAH 223.04 million to UAH 233.02 million, while current assets rose by 1.3%, from UAH 207.66 million to UAH 210.36 million. The company’s equity as of December 31, 2025, increased by 0.1% to UAH 409.52 million, compared to UAH 408.96 million a year earlier, with registered capital remaining unchanged at UAH 1.17 billion.
The company’s current liabilities increased by 46.8% during 2025—from UAH 21.74 million to UAH 31.92 million—and long-term liabilities of UAH 2.82 million appeared, which were absent a year earlier.
The report notes that “Ukragroleasing” continues to operate without drawing funds from the state budget. In 2024, the company joined the government program “Affordable Financial Leasing 5-7-9,” under which it transferred equipment worth UAH 73.83 million to farmers in 2025.
As reported, the State Property Fund of Ukraine (SPFU), which acts as the sole general meeting of NAK “Ukragroleasing,” required the company to allocate 80% of its profit to dividend payments based on the results of its financial and operational activities in 2024. The total amount of annual dividends for 2024 was approved at UAH 1.59 million.
“Ukragroleasing” was founded in 1999. It provides financial leasing of agricultural machinery and equipment at 7% per annum for a term of five to seven years. The NJSC comprises maintenance enterprises, logistics and supply units, and machine and technical stations.
The sole owner of the company is the state, represented by the State Property Fund of Ukraine (SPFU). The company has 25 separate branches. By Order of the SPFU No. 775 dated June 8, 2018, a decision was made to privatize 100% of the company’s shares.
