In Q1 2025 Nibulon net loss made UAH 417M

May 25, 2025

In total, since the beginning of the 2024/25 season, Nibulon has exported approximately 1.5 million tons of grain and has fallen out of the list of TOP-5 leading Ukrainian grain exporters.

According to the financial report of Nibulon for the first quarter of 2025, its revenue during the reporting period amounted to UAH 3.6 billion, which is 41% less than in the corresponding period of 2024 (UAH 6.1 billion).

In the reporting period, Nibulon exported approximately 350 thousand tons of grain and oilseeds - half as much as in the first quarter of 2024.

In total, from the beginning of the 2024/25 season and till the end of March 2025, Ukrainian legal entity LLC SP Nibulon exported 1.3 million tons of grain, the group as a whole - 1.5 million tons (in the current season, Nibulon fell out of the list of TOP-5 leading grain exporters from Ukraine).

The company's other financial performance figures in the reporting period were also far from the best. Gross profit amounted to UAH 136 million (UAH 710 million a year ago), operating loss - UAH 321 million (in the first quarter of 2024, Nibulon received operating profit in the amount of UAH 528 million), net loss - UAH 417 million.

There were no significant changes in the balance sheet structure compared to previous reporting periods. As of March 31, 2025, the company's assets included inventories of UAH 3.9 billion, VAT receivables - UAH 527 million, cash - UAH 303 million.

The main and practically sole source of financing for Nibulon's assets is bank loans, which as of March 31, 2025 amounted to UAH 18.6 billion, accounts payable for advances received - UAH 2.7 billion.

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