Business

Shareholders of the Dobkin brothers’ Avesterra will not receive dividends: the poultry farm incurred losses of over 10 million hryvnias

The shareholders of PrJSC “Volodymyr-Volynskyi Poultry Farm” and JSC “Volodymyr-Volynskyi Agrarian Company, ” both part of the Avesterra Group, plan to approve the results of their financial and operational activities for 2025 at the annual general meeting on April 29, 2026. Also on the agenda is determining the procedure for distributing profits and losses, reports "Komersant Ukrainian".

According to a filing in the disclosure system of the National Securities and Stock Market Commission, PJSC “Volodymyr-Volynskyi Poultry Farm” will not pay dividends for 2025 “due to the absence of net profit.”

The company plans to cover the incurred loss using profits from future periods.

At the same time, the shareholders of JSC “Volodymyr-Volynskyi Agrarian Company” intend to allocate 100% of the net profit for 2025 to retained earnings. No dividend payment is planned for this asset either.

The agenda for the meetings of both companies, which will be held remotely via a survey, also includes the approval of the 2025 reports of the executive bodies and supervisory boards, with their work deemed satisfactory.

Financial results of the companies

According to Opendatabot, PJSC “Volodymyr-Volynskyi Poultry Farm” ended 2025 with a net loss of UAH 10.24 million, whereas in 2024 the company reported a profit of UAH 23.07 million. The company’s net revenue for the reporting period decreased by 3.2 times to UAH 150.93 million. As of the end of 2025, the company’s assets amounted to UAH 1.45 billion, with a statutory capital of UAH 154.92 million.

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In contrast, JSC “Volodymyr-Volynskyi Agrarian Company” increased its net profit by 39.4% in 2025 —to 14.39 million UAH. The company’s net revenue grew by 20.6% to UAH 55.74 million. The agricultural company’s assets are valued at UAH 309.89 million, with a statutory capital of UAH 113.61 million.

Both companies are part of the Avesterra Group. Its major shareholders include Mykhailo Dobkin, Dmytro Dobkin, Alla Dobkina, and Olena Dobkina, as well as the asset management company “Oreola” (the “Titul” and “Oreola” funds) and Stichting Administratiekantoor SafeDam.

As reported by [Komersant], a shortage of day-old chicks in Ukraine is not expected in the near future, despite the industry’s dependence on imports of breeding stock from the European Union.

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