The agricultural holding MHP recorded a net profit of $187 million in 2025, which is 29.9% higher compared to 2024, according to its report published on the London Stock Exchange on Tuesday.
“MHP reports strong operational and financial results for the 12 months of 2025, driven by high demand for chicken meat and processed products both in Ukraine and in export markets, favorable pricing conditions, and the success of our team in minimizing production disruptions,” the report states.
According to the document, MHP’s revenue last year increased by 24% to $3.766 billion, compared to $3.046 billion a year earlier. The growth in net profit is mainly explained by a non-cash foreign exchange loss, which amounted to $12 million in 2025 compared to a $125 million loss in 2024.
At the same time, operating profit (excluding asset impairment) decreased by 15% to $376 million, compared to $440 million in 2024, while the operating margin fell to 10% from 14%.
Adjusted EBITDA (excluding IFRS 16) showed a slight increase to $569 million, compared to $566 million a year earlier, but the adjusted EBITDA margin declined to 15% from 19% in 2024.
In the fourth quarter of 2025, MHP recorded a net loss of $28 million, compared to a net profit of $3 million in the same period of 2024. Revenue increased by 44% to $1.131 billion, while operating profit decreased by 33% to $63 million.
MHP is the largest poultry producer in Ukraine. It is engaged in the production of grains, oil, and processed meat products. The agricultural holding’s production facilities are located in Ukraine and countries of Southeast Europe.
