Business news from Ukraine

Business news from Ukraine

Stalkanat’s net profit decreased by 34% in 2024

23 June , 2025  

Stalkanat Production Association (Odesa) reduced its net profit by 34% year-on-year to UAH 184.808 million from UAH 280.060 million in 2024.
According to the company’s annual report, last year the company increased its net income by 33.3% to UAH 4 billion 436.786 million.

Retained earnings at the end of 2024 amounted to UAH 437.815 million.
The company shipped 90.089 thousand tons of steel products in 2024. The share of exports was 48% in physical terms. Last year’s capital investments amounted to UAH 226.445 million.

The average number of employees in 2024 was 1,056 thousand people, and the average income per employee was UAH 34,632 thousand.

As reported, in 2023, Stalkanat reduced its net profit by 13.8% compared to 2022, to UAH 280.060 million from UAH 325.073 million, but increased its net income by 3.1%, to UAH 3 billion 328.170 million. Retained earnings at the end of 2023 amounted to UAH 373.626 million.

In 2023, the company shipped 72.593 thousand tons of steel products, with an export share of 53% in physical terms. Capital investments in 2023 amounted to UAH 164.815 million.
“Stalkanat is one of the largest producers of steel ropes and reinforcing strands in Eastern Europe and a leader in the production of hardware products in Ukraine.

As of the first quarter of 2025, David Nemyrovsky holds a 50% stake, Anton Mikhalenko (non-resident) – 23.7%, and Maria Kondratyuk – 23.1%. Earlier, the company reported that an individual, Vitaliy Dubovich, owned 3.199998% of its shares.

The authorized capital of Stalkanat currently amounts to UAH 17.736 million, with a share price of UAH 0.17.

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