IDS Ukraine, one of the largest producers of bottled water and beverages in Ukraine, is projected to reach pre-war revenue levels of 6.8 billion UAH by the end of 2024, as reported in the company's press release obtained by the Interfax-Ukraine agency.
According to the group, this will enable IDS Ukraine to pay taxes and fees totaling approximately 1 billion UAH, contributing to the budgets at all levels, including the communities of Mirgorod and Morshyn, where the company serves as a key donor to local budgets.
The value of IDS Ukraine's net assets increased by 700 million UAH in 2024, while the funds in accounts exceeded 1.0 billion UAH.
"We are proud that despite the challenges, we have managed to restore our pre-war revenue levels and significantly increase the company's assets. (…) We continue to invest in the development of our brands and people, ensuring high product quality and care for our consumers," emphasized IDS Ukraine's CEO Marko Tkachuk.
In 2024, IDS Ukraine expanded its product range and launched a line of juice-containing beverages based on natural mineral water called "Limonada," as well as a flavored water line - "Morshynska" with juice.
Since the beginning of the full-scale invasion, the group of companies has directed 450 million UAH towards humanitarian initiatives and charitable support, establishing cooperation with approximately 200 volunteer organizations and charitable foundations, as well as national and local government structures in Ukraine.
IDS Ukraine will continue to develop, maintain its leadership position in the market with a share of over 40%, and make a significant contribution to supporting the economy and budget of Ukraine, the group of companies assured.
IDS Ukraine is a Ukrainian group of companies founded in 1996 and is the largest national producer of bottled water. The holding includes the Morshyn mineral water plant "Oscar," the "Mirgorod" mineral water plant, the distribution company "IDS," and the water delivery operator "IDS Aqua Service."
The group owns the trademarks "Morshynska," "Mirgorodskaya," "Alaska," and "Aqua Life."
As reported, the Cypriot International Distribution Systems Limited, the owner of the largest Ukrainian mineral water producer IDS Ukraine, was subjected to Ukrainian sanctions in November 2023, which included asset blocking, prevention of capital outflow abroad, and a ban on increasing the charter capital of related Ukrainian companies.
Similar sanctions were imposed on eight other companies: four – Sogeral Foundation, Haberfield Limited, Slavisilla Holdings Limited, and Dendar Investment Fund Limited (all from Cyprus) – for a period of 10 years, while IDS Limited and four others were sanctioned for two years. Among the latter are also Alfa Finance Holdings Limited, Erasmony Limited, Rissa Investments Limited, and CTF Holdings S.A.
The majority of these companies are linked to Mikhail Friedman and other co-owners of the so-called "Alpha Group."
The process of nationalizing the company is currently ongoing.