Ukrainian agribusiness group Kernel has invested approximately $40 million in restoring facilities damaged as a result of the full-scale war. The company is prioritising infrastructure required to maintain the production and export of agricultural products.
Kernel CEO Yevhen Osypov announced this at the Forbes Ukraine Economic Resilience Forum.
According to Osypov, the company is not yet restoring some damaged facilities if they are not critical to ongoing operations. The main priority is infrastructure without which production and export processes cannot be maintained.
Kernel is also not considering relocating its business outside Ukraine. The company views its infrastructure as an important part of the Ukrainian agricultural market, as a significant share of the country’s agricultural products passes through its facilities.
Instead of relocation, Kernel is focusing on maintaining the operation of its Ukrainian infrastructure and changing the structure of its exports. The company plans to export lower volumes of products with higher added value, while preserving its ability to purchase oilseeds from Ukrainian farmers and support their subsequent export.
Kernel’s financial results indicate that the company has maintained the scale of its operations despite wartime risks. In the first nine months of the 2026 financial year, revenue increased by 0.4% to $3.092 billion, EBITDA rose by 1% to $403 million, while net profit declined by 5% to $208 million.
For the full 2026 financial year, Kernel’s terminals handled a record 9.587 million tonnes of agricultural products, up 5% year on year. At the same time, oilseed processing volumes decreased by 8% to 3.185 million tonnes.
Kernel remains the world’s largest producer and exporter of sunflower oil, Ukraine’s largest grain exporter, and one of the country’s key operators of agricultural and logistics infrastructure.
