The resource will be directed toward business resilience. "Kernel" summarized the financial year

The Kernell company released its annual report for 2026 financial year (FY2026), which ended on 30 June.

Thanks to relative stability of Black Sea exports in the previous season, the company built a financial buffer: revenue reached 4,4 billion dollars (+7% compared with last year); EBITDA rose to 558 million dollars (+20% compared with last year). However, the start of the new 2027 financial year marked a significant deterioration in the Black Sea situation, forcing the company to operate with liquidity preservation and logistics adaptation. “Black Sea agriexport directly affects the global food balance, so port disruptions are felt in European, Asian, and Middle Eastern markets. We have no illusions about alternative logistics: other routes cannot replace deep-water ports in scale and cost,” said Andriy Verevsky, chairman of Kernell’s Board of Directors. Therefore, according to him, the task now is to preserve liquidity and continue the strategic diversification of the business. “In particular, we have begun implementing projects in renewable energy,” he added. Realities of the new season: security risks for shipping and damage to terminals. Since mid-July 2026 year, the security situation in seaports has acutely worsened: Russian attacks on port infrastructure and commercial vessels led to a roughly tenfold reduction in ship entries into deep-water ports. During the July strikes, the company’s assets in Chornomorsk were damaged again. Logistical constraints emerged amid substantial transitional stockpiles of grain in the country (about 8 million tons) and the harvest’s intake. At the same time, alternative Danube and rail routes have limited capacity and significantly higher transportation costs. Preservation of resources: zero dividends. Given the need to finance repairs of attack-damaged facilities and cover the costs of more complex logistics, the Board of Directors recommended not paying dividends for FY2026. Resources are being accumulated inside the company. FY2026 operational highlights Agricultural production: Crop cultivation rose by 43% to 2,3 million tons. Infrastructure and trading: Terminal throughput amounted to 9,6 million tons. Ukraine grain exports by the company amounted to 6,3 million tons, which is 15% of the country’s total export. Oilseed processing: Plants processed 3,2 million tons of raw materials. Team and social responsibility: Due to shelling threats, total downtime of terminals for the year was almost a month and a half — operations paused to protect employees. As of the end of the reporting period, 995 Kernell employees serve in the Armed Forces of Ukraine. Over the year, Kernell directed 38 million dollars to social initiatives, with key areas remaining support for the defense forces, aid to communities, and veterans’ reintegration programs.

As reported earlier, the agricultural holding Kernell attracted 100 million euros from the Danish EIFO fund to build a wind power plant with capacity 94,5 MW. The project with energy storage systems is aimed at strengthening decentralization and resilience of Ukraine’s energy grid.