In 2024, umgi portfolio companies increased their gross revenue

The private equity firm umgi summed up 2024. Its portfolio companies demonstrated positive growth, generating USD 262.21 million in gross revenue, which is nearly 1.5 times higher than the previous year. Despite the challenges of operations in Ukraine and the unstable global environment, umgi businesses achieved positive financial indicators and strengthened their presence in Europe.

In 2024, umgi focused its efforts on strategically supporting the current portfolio, expanding the international network, and integrating Ukrainian businesses into European markets. “We believe that our mission is to become an investment bridge between Ukraine and the world, contribute to the improvement of the industry's ethical and professional standards, as well as develop international cooperation. In 2024, we were focused on expanding our international network to include entrepreneurs, business consultants, and investors, in particular in Spain, Italy, and Poland,” noted Andrii Gorokhov, CEO of umgi.

2024 key results:

Increased operational activity. Many portfolio companies increased their service and product deliveries, allowing them to boost revenue significantly and contribute USD 23.75 million in taxes in the countries of their presence, which is an 189% increase compared to 2023. In particular, ARNOX, which is a comprehensive operator involved in the processing and sale of rare and technical gases. It entered new market segments and launched product supply for the US space industry.

Investments in development. Over the year, the companies invested USD 3 million in capacity expansion, of which 76% was allocated to the construction of new production facilities, equipment procurement, and other long-term assets. “The previous year,