Business news from Ukraine

Business news from Ukraine

“Carlsberg Ukraine” Saw Decline in Net Profit in January–June

11 August , 2026  

In January–June 2026, PJSC “Carlsberg Ukraine” increased its revenue by 2.7% compared to the same period in 2025—to 6.286 billion UAH, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).
The company’s net profit for the first half of the year fell by 10.5% to 893.1 million UAH, while operating profit decreased by 12.8% to 921.0 million UAH; gross profit, however, rose by 0.6% to 2.935 billion UAH.
As of June 30, 2026, the assets of PJSC “Carlsberg Ukraine” amounted to 17.524 billion UAH, compared to 15.115 billion UAH at the beginning of the year.
The company’s equity rose to 11.278 billion UAH from 10.537 billion UAH, while total liabilities increased to 6.246 billion UAH from 4.578 billion UAH.
It is noted that during the second quarter of 2026, the company produced 1.57 million hl of products worth UAH 5.933 billion (all amounts are stated inclusive of excise tax and exclusive of VAT), of which: beer – 1.217 million hl worth UAH 4.899 billion (83% of total production); cider—0.052 million hl worth 0.279 billion UAH (5%); and non-alcoholic beverages—0.301 million hl worth 0.754 billion UAH (13% of total production). In the second quarter of 2026, production volumes decreased by 0.7% compared to the same period last year
According to the results of the second quarter of 2026, the company spent 0.84 million UAH on innovation, and these expenses were related to the implementation of a new marketing concept and strategy for new and existing products: the development of a new brand, the creation of new flavors, and changes to product design and packaging, which give the products a unique look and help attract a new group of customers, the document states.
According to the document, cash and cash equivalents for the first half of the year decreased by 26.1% to 6.348 billion UAH, while current financial investments rose to 3.338 billion UAH from zero at the beginning of the year, as the company received 6.515 billion UAH from the sale of debt instruments last year.
Investments in fixed assets rose in the first half of this year to 469.8 million UAH, compared to 282.1 million UAH in the first half of last year.
According to the report, Carlsberg Ukraine’s total market share in the alcoholic beer category, based on production data from the Ukrpivo association for the second quarter of 2026, was 29.8%. Products under the Lvivske, S&R’s Garage, and Kronenbourg brands remain the sales leaders in the group’s portfolio, while Somersby cider and “Kvas Taras” continue to hold leading positions in their respective product categories.
As noted in the management’s interim report, in the first half of 2026, the company exported products to 25 countries, with exports accounting for 6% of total sales. The main export markets were Germany, Poland, and the United States, with the “Lvivske,” “Arsenal,” and “Kvas Taras” brands seeing the highest demand abroad.
PJSC “Carlsberg Ukraine” is part of the Carlsberg Group and owns three breweries in Zaporizhzhia, Kyiv, and Lviv. Its brand portfolio includes “Lvivske,” Carlsberg, Kronenbourg 1664, “Kvas Taras,” Somersby, Battery, and others.
The company’s net profit in 2025 amounted to 1 billion 807.64 million UAH, in 2024 – 2 billion 181.69 million UAH, and in 2023—1.8275 billion UAH, while revenue was 12.16757 billion UAH, 12.4882 billion UAH, and 10.8121 billion UAH, respectively. Retained earnings as of the end of 2025 totaled 9.3067 billion UAH.

 

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