JSC “Barsky Machine-Building Plant” (“Barmash,” Bar, Vinnytsia Oblast), a major Ukrainian manufacturer of equipment for the food industry, as well as gas and electric boilers, plans to allocate its 2025 net profit of 5.59 million UAH toward business operations.
According to the published draft resolution of the company’s general meeting of shareholders, scheduled for November 5, there are no plans to pay dividends.
In previous years, the plant also allocated its net profit to business operations.
According to data from YouControl, the company is owned by the Luk family through Ligaterm LLC; the ultimate beneficiaries are Barmash CEO Gennadiy Luk and his father, Ilya Luk.
The main areas of activity for the companies in the Luk family group include the production and sale of industrial equipment for various sectors (“Barmash,” “Ligaterm”), agriculture (Agricultural LLC “Mateykivinvestagro”), the production of bottled mineral water (POP “Ukraine”), and trade (LLC “Altair”).
Shareholders also plan to approve the reports of the management and supervisory board for the past year, as well as the financial results.
Barsky Machine-Building Plant manufactures, among other things, equipment for the spirits, wine, oil and fat, canning, confectionery, and baking industries; since 2001, it has also produced gas, electric, and solid-fuel heating boilers under the “TermoBar” trademark. It exports 20–30% of its products.
According to YouControl, in 2025 the company’s net profit decreased by 8.4% compared to 2024—to 5.6 million UAH—while net revenue fell by 14.3% to 99.3 million UAH.
Retained earnings as of the beginning of the current year amounted to 5.43 million UAH.
