Business news from Ukraine

Business news from Ukraine

“Cherkasy Bus” Increased Net Profit by 69% Over 9 Months

3 November , 2026  

JSC “Cherkasy Bus” ended the January–September 2026 period with a net profit of 82.27 million UAH, which is 69.2% higher than the corresponding figure for 2025, including a 2.4-fold increase in July–September compared to the third quarter of 2025, reaching 67.1 million UAH.

According to the company’s interim report published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), net sales revenue for the nine-month period rose slightly to 1.143 billion UAH, of which the third-quarter increase amounted to 25% compared to July–September 2025, reaching 568 million UAH.

Compared to the second quarter of this year, the plant increased its net profit 4.4-fold in the third quarter, while net revenue decreased slightly.
From January through September, the plant increased its gross profit by 12%—to 220.6 million UAH—while operating profit rose by 57.8% to 110.4 million UAH.

Retained earnings as of the end of September totaled 428.4 million UAH.
According to the report, “Cherkasy Bus” manufactured 308 buses worth 919.5 million UAH in January–September (including 105 buses in the third quarter of 2026) and sold 293 buses worth 920.9 million UAH (124 units).

In addition, the company produced 90 trucks worth 193 million UAH and sold 93 vehicles worth 198.2 million UAH.
As previously reported, the company’s preliminary plans for the current year call for the production of 385 Ataman buses, the assembly of 300 Isuzu trucks, and 302 Isuzu pickups (in line with plans for 2025).

In fact, in 2025, the plant reduced bus production by 8% compared to the previous year—to 391 units—and truck production by 1.9% (6 units), to 315 units. Sales totaled 393 buses (down 7.5%) and 240 trucks (down 24.8%).

Founded in 1994, the “Cherkasy Bus” plant manufactures Ataman small-class buses (including city, suburban, school, and specialized models), as well as other wheeled vehicles based on Japanese Isuzu components, specifically through the large-assembly method for Isuzu trucks with payloads ranging from 3 to 18 metric tons (dump trucks, fire trucks, emergency repair vehicles, aerial work platforms, and vehicles with special superstructures—for Ukrposhta, local communities, and the State Border Guard Service).

In addition, the plant manufactures Isuzu pickup trucks for the National Police, the State Emergency Service, the State Border Guard Service, forest patrols, and energy and gas companies.
According to the plant, two-thirds of its production consists of orders from the public sector.

The plant ended 2025 with a net profit of nearly 83 million UAH—32% less than in 2024—amid a slight decline in net revenue to 1 billion 733 million UAH. It did not plan to pay dividends.
As of the beginning of 2026, the company employed 374 people—33 fewer than at the start of 2025.

, , , ,