MHP will not pay dividends for 2025 and Q1 2026 after reporting a quarterly loss
MHP will not pay final dividends for 2025 and will not declare interim dividends for the first quarter of 2026, according to the company’s Q1 2026 report.
At the same time, MHP increased its revenue by 31% year-on-year in the first quarter of 2026, reaching $1.02 billion compared to $779 million in the same period last year.
Despite higher revenues, the company’s operating profit fell by 68% to $19 million, while its operating margin declined from 8% to 2%. Adjusted EBITDA (excluding IFRS 16) also decreased by 29% to $79 million, compared to $111 million a year earlier.
For the quarter, MHP reported a net loss of $85 million, compared to a net profit of $32 million in the first quarter of 2025. The company said the main reason was non-operating foreign exchange losses, which reached $53 million in January–March 2026, whereas a foreign exchange gain of $13 million had been recorded in the same period a year earlier.
Operating performance also weakened. Poultry production in Ukraine declined by 4% to 173,000 tons, while exports fell to 93,900 tons from 97,200 tons a year earlier. The average poultry selling price in Ukraine decreased by 3% to $2.11/kg excluding VAT.
Meanwhile, in the European segment, the average poultry meat selling price increased slightly to €3.60/kg from €3.55/kg a year earlier.
