MHP doubles revenue in Europe and shares first results from UVESA

MHP reported strong growth in revenue and profitability in Q3 2025, despite a decline in poultry production in Ukraine and a sharp drop in margins in the vegetable oils segment.

In Q3, MHP’s revenue increased by 29% year-on-year to $1 billion. Net profit rose by 46% to $140 million. Adjusted EBITDA grew by 27% to $219 million, maintaining a margin of 22%.

At the same time, poultry production in Ukraine declined by 10% to 151 thousand tons. However, this decrease was partially offset by the European segment, where production increased by 7%. The newly acquired UVESA contributed nearly 33 thousand tons of poultry meat and 19.5 thousand tons of pork in the two months following its integration.

The vegetable oils segment continued to weaken: revenue fell by 25%, gross profit dropped by 56%, and adjusted EBITDA declined by 53% year-on-year. In contrast, the agricultural segment demonstrated strong profitability growth, with EBITDA in Q3 rising by 43% to $136 million.

The European operating segment became one of the key drivers of overall performance. Revenue there more than doubled to $317 million, while adjusted EBITDA increased to $38 million (+41%).

Over the first nine months of the year, MHP increased revenue by 16% to $2.64 billion, while net profit rose to $215 million (from $141 million a year earlier), partly due to a positive foreign exchange effect.