The Dobkin family’s Avesterra Group is expanding its poultry farm in Volyn to 12.4 million broilers, despite reporting losses and canceling dividends
6 May 14:37
The Avesterra Group agricultural holding plans a major expansion of chicken production in Volyn, while its key subsidiaries ended 2025 with mixed financial results and without paying dividends to shareholders, reports "Komersant Ukrainian", citing an environmental impact assessment submitted by Lutsk Agrarian Company LLC, a subsidiary of the group.
It is noted that the agricultural company Lutsk Agrarian Company LLC continues to implement a project to expand a poultry farm in the village of Kogylne, Volodymyr District, Volyn Oblast. Upon completion of construction, it is stated that its production capacity will increase more than fivefold.
Large-scale production expansion
The project involves the construction of 28 new poultry houses, additional wells, feed silos, and infrastructure, including sanitary checkpoints and a bomb shelter.
After the expansion, the facility will be able to house up to 1.94 million birds simultaneously, and the total annual capacity will reach 12.405 million broiler chickens.
The documentation states that:
“The planned activity will have a positive socio-economic impact, consisting of the creation of additional jobs and the replenishment of state and local budgets through taxes and fees.”
The existing poultry farm covers 7.6 hectares and includes 12 poultry houses and auxiliary structures. The poultry farm currently raises up to 2.3 million broiler chickens
Financial results: losses and profit excluding dividends
At the same time, the financial indicators of the key companies in the Avesterra group, based on last year’s results, showed mixed trends.
In particular, as previously reported by "Komersant Ukrainian" PJSC “Volodymyr-Volynskyi Poultry Farm, “ part of the Avesterra group, recorded a net loss of UAH 10.24 million for 2025, whereas the company had been profitable the previous year.
The company’s net revenue fell by more than three times—to 150.9 million UAH.
Due to the lack of profit, shareholders announced plans not to pay dividends. The losses incurred are planned to be covered by profits from future periods.
In contrast, JSC “Volodymyr-Volynskyi Agrarian Company” from the Avesterra Group ended last year with a net profit of UAH 14.39 million, which is 39% more than the previous year. Despite this, 100% of the profit will be allocated to retained earnings, again without paying dividends.
About Avesterra Group
All companies mentioned in the text are part of the Avesterra Group. Shareholders include brothers Mykhailo and Dmytro Dobkin, as well as Olena Dobkina, Alla Dobkina, and institutional investors.
The group controls the entire production cycle—from growing grains and producing feed to slaughtering and processing chicken.
Earlier , Avesterra Group reported that it had already launched a new production facility in Volyn, investing approximately €15 million. Following the completion of this new expansion phase, the company plans to become one of the largest chicken producers in Ukraine.
