NIBULON plans to increase its share of grain exports from 5% to 7–8% and stabilize EBITDA

NIBULON’s revenue declined by 16.8% year-on-year to UAH 13.1 billion in the first nine months of 2025, the company’s owner and CEO Andriy Vadaturskyi told Forbes Ukraine.

In 2026, the company plans to export 3.5 million tons of grain, increasing its share of total Ukrainian grain exports to 7–8%. Among its key five-year goals are repaying its pre-war loan portfolio and stabilizing EBITDA at around $60 million over the next two years.

According to Vadaturskyi, NIBULON’s EBITDA has fallen by 34% over the past three years, to $68 million. He estimates the company’s total war-related losses at $500 million, including 140,000 tons of grain, as well as elevators and land stolen by Russia.

Currently, the agricultural holding harvests about 300,000 tons of grain annually from its own fields, transported by 167 trucks and 200 railcars. The workforce has been reduced by almost threefold.

In the 2024/25 marketing year, NIBULON accounted for 5% of Ukraine’s grain exports, ranking fifth among exporters. In the 2023/24 marketing year, the company ranked third in the list of Ukrainian grain exporters.