MHP sees its net profit soaring in 2025

Despite negative production and export dynamics of its Ukrainian division, MHP, Ukraine’s largest poultry processors, witnessed a significant 67% surge in net profit to US$75 million in the first half of 2025.

The robust performance of the European branch and currency exchange fluctuations were instrumental in this positive shift.

MHP poultry meat production in Ukraine decreased by 7% compared with the previous year to 341,940 tonnes during the first half, with the trend seeming to pick up the pace. During the second quarter, production dipped by 14% to 161,071 tonnes, compared with the same period of the previous year, MHP admitted.

Poultry meat exports from Ukraine inched down from 185,854 tonnes in the first 6 months of 2024 to 185,589 tonnes in the first 6 months of 2025. MHP’s European branch fared noticeably better, as poultry meat production increased by 5% compared with the previous year to 73,118 tonnes.

However, the poultry price dynamics were more advantageous on the Ukrainian market, where the average broiler meat price spiked by 16% to US$2.29 per kg, MHP said. The average prices of the European segment also increased by 4% to €3.62 per kg.

Financially, MHP’s performance was a mixed bag. The company’s revenue climbed by 10% to US$1.635 billion in the first half of 2025.

The company attributed the net profit hike primarily to a US$14 million non-cash foreign exchange gain in the first 6 months of 2025. During the same period in 2024, fluctuations in the Ukrainian national currency, on the contrary, incurred a US$81 million net loss for MHP.

Aside from purely economic factors, MHP admitted that the Ukrainian war with Russia continues to have a major impact on its operations and the performance dynamics in 2025, reflecting “both the resilience and agility of our business model and the tremendous efforts of our workforce”.

Drone and rocket attacks have continued, presenting MHP with a challenging operational environment and driving up additional war-related costs, the company said. MHP also projected that a potential peace deal could bolster the troubled Ukrainian poultry industry.

“We are closely following and examining the potential outcomes of ongoing peace negotiations and their implications for Ukraine’s economic outlook as a whole and MHP in particular,” MHP said. “A peace deal would likely relieve pressure on the local currency, ease labour shortages and increase domestic demand, allowing MHP to expand our current operations across the country.”

Tags: Ukraine, export, price, Production, poultry meat, MHP, net profit