IMC

IMC is an integrated agribusiness operating 136,600 ha of farmland and 554 kt of storage capacity in northern and central Ukraine. The company focuses on growing, storing and processing crops such as corn, wheat, sunflower, soybeans and potatoes (99% of 2016 revenue). IMC is also involved in cattle breeding and milk production, remaining one of Ukraine’s top-10 industrial milk producers.

Shareholders Structure

SUMMARY

Market Price ($)	7.696
Market Cap ($m)	273
Enterprise Value ($m)	357
Shares Outstanding	35,500,464
Code	IMC PW

Recommendations

FV ($)	****
Upside (%)	****
Recommendation	****

Indicator	2020	2021	2022	2023	2024
Sales ($m)	161	182	***	***	***
EBITDA ($m)	72	110	***	***	***
Net Income ($m)	32	79	***	***	***
Net Debt ($m)	114	175	***	***	***

Indicator	2020	2021	2022	2023	2024
P/E	8.62	3.47	***	***	***
P/Sales	1.69	1.50	***	***	***
EV/EBITDA	5.4	4.1	***	***	***
P/Book	1.97	1.43	***	***	***

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Latest news about IMC

Aug 29, 2025

| Food & Agriculture

IMC — Reports 2Q/1H25 financial results

WSE-listed Ukrainian agricultural producer IMC reported 1H25 sales of $84m (-22% y-o-y), a gain from change in fair value of biological assets (IAS 41) of $51m (+84%), EBITDA of $65m (+72%; incl. IFRS 16), and net income of $51m (+139%). Based on these figures, IMC booked 2Q25 sales of $33m (-33% y-o-y), an IAS 41 gain of $49m (+83%), EBITDA of $56m (+69%), and net income of $50m (+98%), for an EBITDA margin of 69.0% (+25.5pp y-o-y).

Jul 10, 2025

| Food & Agriculture

Ukraine starts harvesting early crops

Ukrainian farmers began harvesting early crops in late June, with the harvested area reaching 0.4 Mha as of Jul. 3 — down 67% y-o-y and representing 2.0% of the total area under grain and oilseed crops.