Mhp Se
LSE:MHPC
Mhp Se
MHP SE operates as a holding company, which engages in the poultry business. The firm focuses on the production of poultry and cultivation of grain. The firm's segments are Poultry and related operations, Grain growing operations and Other agricultural operations. The Poultry and related operations segment is engaged in producing and selling chicken products, vegetable oil, soybean oil and mixed fodder. The company includes over four chicken and approximately two breeder farms, over two sunflower oil plants and a soya crushing plant, over four feed mills and food facilities. The Grain growing operations segment is engaged in growing crops for fodder and for sale to third parties on over 360,000 hectares of land, including arable farms and grain storage facilities in plastic bags. The Other agricultural operations segment is engaged in producing and selling sausages and cooked meat, beef, goose and foie gras, and fruit. The company includes a mixed farm, a goose farm and over two facilities for producing meat products.
MHP SE operates as a holding company, which engages in the poultry business. The firm focuses on the production of poultry and cultivation of grain. The firm's segments are Poultry and related operations, Grain growing operations and Other agricultural operations. The Poultry and related operations segment is engaged in producing and selling chicken products, vegetable oil, soybean oil and mixed fodder. The company includes over four chicken and approximately two breeder farms, over two sunflower oil plants and a soya crushing plant, over four feed mills and food facilities. The Grain growing operations segment is engaged in growing crops for fodder and for sale to third parties on over 360,000 hectares of land, including arable farms and grain storage facilities in plastic bags. The Other agricultural operations segment is engaged in producing and selling sausages and cooked meat, beef, goose and foie gras, and fruit. The company includes a mixed farm, a goose farm and over two facilities for producing meat products.
Revenue Growth: MHP reported a 29% year-on-year increase in Q3 revenue to approximately $1 billion, and 16% growth for 9 months to over $2.6 billion, driven by strong poultry, agriculture, and European performance, including the integration of UVESA.
EBITDA Improvement: Adjusted EBITDA grew by 27% year-on-year in Q3 to over $200 million, with a 4% increase to $455 million for the 9-month period, reflecting both price gains and efficiency, despite higher costs.
UVESA Acquisition: UVESA contributed $9 million EBITDA and $126 million in revenue post-acquisition, with plans to boost UVESA EBITDA by 25-30% in 2026 through efficiency and volume improvements.
2026 Outlook: Management expects 2026 EBITDA to be similar to 2025, around $580–600 million, and forecasts positive group free cash flow of $30–50 million, but with negative cash flow in European operations due to investment in UVESA.
Bond Refinancing: The $550 million bond maturing in April 2026 remains a top priority; management is evaluating all options for repayment amid capital controls and cash repatriation restrictions.
CapEx Plans: 2026 group CapEx is expected to be about $250 million, with maintenance CapEx of $130–150 million and the remainder for growth projects, mainly in Europe.
