IMС Agroholding Cuts Profit by a Third

In the first half of 2026, the agricultural holding IMC received $34.3 million in net profit — 33% less compared to $51.4 million for the same period last year.

At the same time, the company’s revenue increased by 6% — to $88.9 million. This is stated in the semi-annual financial report of IMC, Latifundist reports.

The company’s normalized EBITDA in January-June amounted to $50.2 million, decreasing by 22% year-on-year. Operating profit decreased by 27% — from $54.7 million to $40 million, and gross profit — by 19%, to $55 million.

IMC explained the deterioration in financial indicators by lower prices for corn and sunflower compared to 2025, as well as an increase in logistics costs and the devaluation of the hryvnia.

At the same time, the cost of sales increased by 20% – from $66.4 million to $79.9 million. In particular, the cost of production personnel increased by 23% – to $7.7 million, and the cost of fuel and energy resources – 2.3 times, to $6.9 million.

During this period, the company’s main source of income remained corn – 98.1% of the company’s total revenue. In half a year, IMC sold 419 thousand tons of corn compared to 385.9 thousand tons a year earlier. Revenue from the sale of this grain increased by 6% – to $87.1 million, although the average sales price decreased from $213/ton to $208/ton.

IMC’s operating cash flow for the first half of the year decreased by 20% to $12 million. The agricultural holding explained this by a decrease in prices for agricultural products and an increase in operating expenses. 

Earlier, USM reported that UDS announced 5 million euros in profits for January-May.