In a remarkable financial turn, MHP, Ukraine’s premier poultry processor, reported a 67% increase in net profits to US$75 million for the first half of 2025, despite challenging production and export metrics from its Ukrainian operations.
This impressive financial growth is primarily attributed to the robust performance of MHP’s European branch and favorable currency exchange fluctuations.
Poultry Production and Export Trends
MHP’s poultry production in Ukraine saw a decline of 7% year-on-year, totaling 341,940 tonnes in the first half of 2025. The downward trend intensified in the second quarter, with production dropping by 14% to 161,071 tonnes compared to the same period last year.
Exports of poultry meat from Ukraine slightly decreased, with figures falling from 185,854 tonnes in the first half of 2024 to 185,589 tonnes in the same timeframe in 2025. Conversely, MHP’s European operations experienced a resurgence, producing 73,118 tonnes, marking a 5% increase year-on-year.
Market Price Dynamics
In terms of market pricing, Ukrainian consumers saw a notable increase in poultry prices, with average broiler meat jumping 16% to US$2.29 per kilogram. The European segment also witnessed a price increase, albeit at a more modest rate of 4%, bringing the average to €3.62 per kilogram.
Financial Overview
MHP’s financial performance presented a mixed picture, with revenues climbing 10% to US$1.635 billion in the first half of 2025. The net profit surge was chiefly driven by a US$14 million non-cash foreign exchange gain, contrasting sharply with the US$81 million loss incurred during the same period in 2024 due to currency fluctuations.
Impact of the Ongoing Conflict
Beyond economic factors, MHP emphasized the ongoing conflict in Ukraine and its significant ramifications for operational dynamics in 2025. The company noted that continuous drone and rocket attacks complicated their operational environment and led to increased war-related expenditures.
MHP remains optimistic regarding potential peace negotiations, suggesting that a resolution could significantly benefit the beleaguered poultry industry in Ukraine. They stated, “A peace deal could alleviate pressure on the local currency, mitigate labor shortages, and stimulate domestic demand, allowing MHP to expand its operations across the nation.”
This structured HTML article summarizes MHP’s financial update, incorporating financial metrics, production trends, and impacts of ongoing conflict, ensuring readability and proper web integration.
