The manufacturer of agricultural machinery and special-purpose vehicles, JSC “Fregat Plant” (Pervomaisk, Mykolaiv region), increased its losses by 34.4% in 2025 compared to 2024, to UAH 81.2 million.
According to the company’s financial report, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the company’s net sales revenue fell almost fourfold to UAH 47.57 million.
In 2025, the company received UAH 14.8 million in gross profit (UAH 71.1 million in 2024), and the loss from operating activities amounted to UAH 43.2 million, compared to a profit of UAH 12.6 million a year ago.
“During the reporting period, the company focused its efforts on maintaining its customer base, supporting long-term partnerships with counterparties, and ensuring the economical and rational use of funds,” the report says.
According to the plant, the main activity of the enterprise is currently the production of machinery and equipment for agricultural and forestry engineering. In particular, in the fourth quarter, the production of agricultural machinery for crop production accounted for 54.6% of the total output, equipment for the processing industries of the agro-industrial complex – 0.3%, and other types of products accounted for 45.1%.
The average number of employees at the plant last year was 121, at the Eastern branch – 84, and at the Dnipro branch – 6 (both branches are located in Mykolaiv). The average salary of an employee was UAH 10,190.
As reported, in 2024, the plant increased its losses by 58% compared to 2023, to UAH 60.4 million, while its net income increased by 34.6%, to UAH 188.6 million.
According to the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2025, Fregat Engineering Limited (Cyprus) owns more than 96.25% of the authorized capital of JSC “Fregat Plant,” and the ultimate beneficiary, according to YouControl, is Olga Dementienko from Dnipro.
