State block of shares in the amount of 99.9952 % of the authorized capital of the public joint-stock company “Sumykhimprom” (USREOU code: 05766356)

Description

Name of the privatization object: state block of shares in the amount of 99.9952 % of the authorized capital of the public joint-stock company “Sumykhimprom” (USREOU code: 05766356).

Location: 12, Kharkivska St., Sumy city, Sumy Oblast, 40003, Ukraine.

USREOU code (ЄДРПОУ): 05766356.

Size of the authorized capital: UAH 434,686,966.50

Number of shares offered for sale: 1,738,665,246 ordinary registered shares, which is 99.9952% of the authorised capital of PJSC ‘Sumykhimprom’.

The main type of economic activity according to the Charter: manufacture of fertilisers and nitrogen compounds (20.15 NACE class).

Average registered number of employees of the Company: 1340 employees (as of 30.06.2025).

Volume of sales of products (works, services) for the period of 2022 – H1 2025: UAH 2,648,133.3 thousand, including export – UAH 91,155.9 thousand (dechromator).

The main product range: titanium dioxide, dechromator, iron sulphate, mineral fertilisers (ammonium sulphate, superagro), oleum and sulphuric acid, aluminium sulphate, other products and services, including export: dechromator.

Main financial indicators:

#	Indicators (thousand UAH)	2022	2023	2024	H1 2025
1.	Assets	1 369 714	1 143 451	1 111 223	1 053 161
1.1	Fixed assets	846 696	801 730	732 821	698 047
1.2	Current assets	483 027	311 583	348 264	324 976
2.	Equity	-1 558 992	-2 037 252	-2 694 831	-2 883 928
3.	Total income, including:	1 622 876	701 906	419 934	46 054
3.1	Net income from sales of products (goods, works, services)	1 584 030	632 110	395 854	36 139
4.	Total costs, including:	1 939 492	1 184 244	1 020 144	235 151
4.1	Cost of goods sold (goods, works, services)	1 281 331	499 982	386 000	28 122
4.2	Administrative costs	121 131	98 908	94 973	37 284
4.4	Other operating costs	467 094	521 429	468 489	138 853
4.6	Income tax expenses	–	2	3	–
5.	Net profit (loss)	-316 616	-482 340	-600 210	-189 097

Debts as of 30.06.2025:

• wage arrears – UAH 162,277.0 thousand;
• debt to the budget – UAH 88,567.0 thousand;
• insurance payment arrears – UAH 412,333.0 thousand, including:

– single social contribution accruals – UAH 73,331.0 thousand;

– arrears to the Pension Fund of Ukraine for reimbursement of preferential pensions – UAH 329,807.0 thousand;

• overdue accounts payable – UAH 3,020,893.6 thousand.

Property information (real estate): the object includes 64 units of real estate and infrastructure (production, storage, office buildings and structures, etc.) with a total area of 462,256.70 sq. m located in Sumy city and Sumy Oblast.

Information about land plots: 44 registered land plots with a total area of 637.0311 hectares.

Information on lease agreements: part of the real estate of the privatization object with a total area of 6,243.9 sq. m is leased out in accordance with 18 agreements.

Volumes of emissions and discharges of pollutants into the environment, generation and disposal of waste for the period of 2024 – H1 2025:

1. Emissions and discharges of pollutants into the atmosphere – 14,622.840 tonnes;
2. Emissions and discharges of pollutants into water bodies – 294.841 tonnes;
3. Waste generation and disposal – 21,127.884 tonnes;
4. Environmental fees and charges paid, in total – UAH 3.803 thousand.

The company’s balance sheet includes objects that were not included in the authorized capital and are not subject to privatization (equipment and devices in the amount of 125 items; a 4-apartment brick residential building; an underground passage; 4 protective structures).

The company has no mobilization tasks (orders).

Privatization conditions:

• preservation of the main activities of the company;
• investing in the form of capital expenditures for technical re-equipment and modernization (including energy modernization) of production in the total amount of at least UAH 150 million;
• repayment of debts on wages and debts to the budget within 6 months;
• repayment of the company’s debt to the Pension Fund of Ukraine for reimbursement of expenses for payment of pensions granted on favourable terms, which is available as of the date of transfer of ownership of the acquired shareholding;
• repayment of overdue accounts payable of the company existing as of the date of transfer of ownership of the acquired shareholding, except for the accounts payable to individuals and legal entities subject to special economic and other restrictive measures (sanctions) in accordance with the Law of Ukraine ‘On Sanctions’ and related parties, as well as creditors whose beneficiaries are citizens/residents of the Russian Federation and/or the Republic of Belarus;
• prohibition during the performance of the buyer’s obligations to alienate, transfer to management the acquired block of shares, alienate, transfer to lease or use/management of the company’s property/assets to individuals and legal entities subject to special economic and other restrictive measures (sanctions) in accordance with the Law of Ukraine ‘On Sanctions’, and related persons, as well as legal entities whose participants (shareholders) or owners of significant interests are directly or indirectly citizens/residents of the Russian Federation and/or the Republic of Belarus;
• social guarantees to employees in accordance with the requirements of labour legislation;
• compliance with the requirements and additional restrictions of environmental legislation;
• preventing the emergence of tax debt;
• preventing the dismissal of the company’s employees at the initiative of the new owner or its authorized body within 6 months;
• implementation of the existing collective agreement and conclusion of a new collective agreement for the subsequent periods after the expiry of the existing one, as well as employment of dismissed employees of the company in accordance with the law;
• maintaining civil defense facilities in readiness for their intended use at the company’s own expense;
• proper maintenance and storage of state property that was not included in the company’s authorized capital, but remained on its balance sheet during the company’s establishment;
• allocation of dividends to the State budget of Ukraine based on the results of the company’s financial and economic activities in 2025 and for the period during which the State, represented by the State Property Fund of Ukraine, owned a stake in the company in 2026 before its sale, in accordance with the requirements of the law.

The term for fulfilment of the buyer’s obligations in accordance with the conditions that do not have a specific fulfilment period is five years from the date of transfer of ownership of the acquired stake to the buyer.

Time and place of the object inspection: on weekdays from 09:00 to 16:00; at the following address: 12, Kharkivska St., Sumy city, Sumy Oblast, 40003, Ukraine.

Telephone for inquiries: +38 (050) 470 76 46; E-mail: [email protected].

Responsible person: Oleksiy V. Tiutiunyk.

Auction organizer: State Property Fund of Ukraine, address: 18/9, Henerala Almazova St., Kyiv city, website address – https://www.spfu.gov.ua/, https://privatization.gov.ua/.

Phone for inquiries: +38044 200-31-12; business hours: Mon-Thurs from 09:00 to 18:00, Fri from 09:00 to 16:45; e-mail: [email protected]; responsible person: Oleksiy L. Gordienko.