Kremenchuk Road Machines Plant (Kredmash JSC, Poltava region) reduced its net sales revenue by 23% in 2024 compared to 2023, to UAH 143.65 million.
According to the company’s annual report published on Tuesday in the disclosure system of the National Securities and Stock Market Commission, the loss decreased by almost 23% to UAH 13.08 million, which is the same as the preliminary data published earlier.
Last year, the plant received UAH 13.3 million in losses from operating activities (16.5% less than in 2023), and gross profit amounted to UAH 17.2 million (-15.7%).
“In the report, Kredmash notes that in 2024 it sold only two asphalt mixing plants, while a year earlier it sold three. The company also sold consumer goods for UAH 58.7 million, spare parts for construction and road equipment for UAH 18.8 million, and wheeled vehicles for UAH 1.12 million.
According to the plant, asphalt and soil mixing plants accounted for 42.7% of total production last year, 14.3% for spare parts, 37.9% for fuel and energy, and 5.1% for other types of production: casting, installation and commissioning.
“In 2024, Kredmash exported products worth UAH 63.6 million (45.1% of sales), mostly to neighboring countries.
Asphalt mixing plants were purchased by Kharkiv-based Nanoexpo+ LLC (for UAH 34.8 million) and Mykolaiv-based ABZ Alliance (UAH 17.7 million), while fuel and lubricants were supplied, in particular, to Asimega (Uzbekistan) for UAH 12.1 million, Baiterek (Kazakhstan) for UAH 39 million; spare parts were supplied to Kredmash Impex LLC (Kazakhstan, Moldova, Georgia) for UAH 7.4 million.
The main suppliers of products are Ukrainian companies. For example, a branch of Metinvest-SMC LLC (Kremenchuk) is a supplier of rolled metal products, Interpipe Ukraine (Dnipro) is a supplier of pipes, Tact LLC (Dnipro) is a supplier of structural steel sections, Camozzi LLC (Kyiv) is a supplier of pneumatic equipment, and Spetsstal Trade LLC (Kropyvnytskyi) is a supplier of ferroalloys.
“Production activities of PrJSC “Kredmash” are related to the implementation of state programs for the construction and operation of roads. At present, the programs have been curtailed, which negatively affected production and sales volumes,” the report states.
This year, the company plans to manufacture new types of road construction equipment, including a bulk material packing plant with a capacity of up to 20 tons per hour and a mixing plant for dry mixes with a capacity of 15 tons per hour.
According to the company, the average number of employees decreased by 31% to 746 people compared to 2023. The average monthly salary at the end of the year amounted to UAH 8.67 thousand.
“The debt on bank loans as of December 31, 2024 is UAH 20 million, there are no wage arrears and no budget arrears,” the report states.
As reported, in 2023, Kredmash reduced its net income by 36% year-on-year to UAH 186.4 million, while reducing its loss by 44% to almost UAH 17 million.
In pre-war 2021, the plant sold products worth UAH 1.2 billion. In June 2022, the plant’s industrial facilities were partially destroyed as a result of an enemy rocket attack on Kremenchuk.
Lita Plus plastic surgery clinic relocated from Kiev region will open a plastic surgery clinic in Zakarpattya region, Lita Plus clinic founder Serhiy Derbak said.
“We moved the clinic to Uzhgorod together with the equipment and the team, which is 35 people. Our clinic was located in Irpen, and it was completely destroyed during the hostilities, so we simply had no place left to operate,” he said in an interview with the agency ‘Interfax-Ukraine’.
Derbak noted that after the aggressor destroyed a clinic in the Kiev region, “the decision to build a clinic in Uzhgorod was natural.”
“We saw another important factor – logistics for patients. I conducted a statistic: 80% of our patients today come from abroad. These are Ukrainians who left during the war, but return to Ukraine to receive medical services. That is why medical services will remain very important for Transcarpathia as a region. And that is why we have decided: we will build here,” he said.
Derbak noted that the clinic project will consist of two buildings – surgical and hospital.
“One building is a completely new surgical center with an area of 1000 square meters, equipped, in particular, and its own bunker – with all the necessary security elements, which, unfortunately, were very much needed in Bucha. The new clinic has already taken all these risks into account. Perhaps it is a consequence of traumatic experience, but I don’t want to experience something like that again. The second building is the reconstruction of the existing building for the hospital,” he said.
Derbak noted that “the surgical building is designed according to the highest standards: even open-heart surgeries can be performed there – with proper ventilation, air sterilization and all medical requirements”.
The next stage of the project’s development will be the opening of a large balneological department.
“We have already conducted two wells – to a depth of 1,200 and 800 meters – and have thermal rhodon water, which is ideal for treating scars. After the war, we plan to operate as a specialized plastic surgery clinic for patients with scar deformities. In addition, we will create a rehabilitation center for the military: we will combine surgical care, balneological treatment, physical rehabilitation after injuries, surgeries, burns and contractures,” he said.
In 2024, the insurance company Ukrainian Insurance Group (Kyiv) collected UAH 3.01 billion in gross premiums, which is 2.49% more than a year earlier.
This is reported on the website of the rating agency Standard-Rating, which affirmed the financial strength rating/credit rating of the insurance company at uaAA+ for the reporting period.
At the same time, revenues from individuals in 2024 decreased by 7.10% to UAH 1.647 billion, and from reinsurers decreased by 30.75% to UAH 7.003 million. At the end of 2024, the share of individuals in the company’s gross premiums amounted to 54.71%, and the share of reinsurers – 0.23%.
Insurance payments sent to reinsurers in 2024 decreased by 4.24% compared to 2023 – to UAH 489.786 million, the participation ratio of reinsurance companies in insurance premiums decreased by 1.15 percentage points to 16.27%.
The company’s net written premiums increased by 3.91% to UAH 2.52 billion, while net earned premiums decreased by 4.18% to UAH 2.442 billion.
The volume of insurance payments and reimbursements made by “USG” in 2024 amounted to UAH 1.532 billion, which is 3.67% more than in 2023. Thus, the level of payments increased to 50.90%.
The RA also reports that the financial loss from operating activities amounted to UAH 53.076 million (UAH 24.6 million a year earlier), net profit was UAH 23.216 million (UAH 109 million).
As of January 1, 2025, the companies’ assets increased by 9.50% to UAH 2.989 billion, equity increased by 4.20% to UAH 622.670 million, liabilities showed an increase of 10.98% to UAH 2.366 billion, and cash and cash equivalents decreased by 72.13% to UAH 231.658 million.
Thus, as of the beginning of 2025, the company had a satisfactory level of capitalization (26.32%), and cash covered 9.79% of its liabilities.
At the same time, the RA notes that as of the reporting date, the insurer has formed a portfolio of financial investments in the amount of UAH 1.665 billion, consisting of government bonds and government bonds (81.66% of the portfolio) and deposits in banks with a high credit rating (18.34% of the portfolio).
As reported, the controlling shareholder of USG Insurance is Vienna Insurance Group, an international insurance group headquartered in Austria, represented by 50 companies in 30 countries and a leader in the insurance market of Central and Eastern Europe.
The net profit of NNEGC Energoatom JSC for 2024 amounted to UAH 1.3 billion, MP Oleksiy Honcharenko said on his Telegram channel on Tuesday.
“The Cabinet of Ministers of Ukraine has approved the results of Energoatom’s work for 2024: the company’s net profit is UAH 1.3 billion,” he wrote.
According to Honcharenko, all 100% of the profit will be used to cover the losses of previous years, and no dividends will be paid.
The government also confirmed the opinion of the independent auditor and approved the report on remuneration to the supervisory board.
As reported, Energoatom generated 53 billion kWh of electricity in 2024, which is 2% more than in 2023 and 12% more than in 2022.
In 2024, Energoatom allocated UAH 116.3 billion (excluding VAT) of its own funds, or 58% of its net income, to pay for PSO, i.e. to maintain fixed electricity tariffs for the population.
Last year, the company paid UAH 28.8 billion in tax payments to the budgets of all levels, which is 35% more than in 2023.
Currently, Energoatom operates nine power units at South Ukrainian, Rivne and Khmelnytsky NPPs with a total capacity of 7880 MW. All of them are located in the territory controlled by Ukraine.
Zaporizhzhia NPP with six VVER-1000 power units with a total capacity of 6,000 MW has not been generating electricity since September 11 of the same year after its occupation on March 3-4, 2022.
The Danube Soybean Association has announced the launch of the third season of the program to partially compensate Ukrainian farmers for the cost of original non-GM soybean seeds, the association’s press service reports.
“Over the two years of the project, we have seen real results: farmers get a significant increase in yields – an average of 10 c/ha more compared to the regional average. This proves that the use of original certified seeds is a long-term investment in the profitability and sustainable development of the farm,” said project manager Anastasia Radiuk, quoted by the press service.
The association reminded that for the third year in a row, this initiative has been helping agricultural producers to compensate 15% of the cost of original certified non-GM soybean seeds, supporting the transition to sustainable agricultural practices that meet European standards.
The program targets agricultural enterprises with an area of up to 1000 hectares that are not part of agricultural holdings and whose ultimate beneficiaries are Ukrainian citizens. The main condition for participation is the use of soybean varieties included in the State Register of Plant Varieties suitable for distribution in the country. In addition, project participants receive additional support, such as rapid tests to detect GMOs in soybeans and advice on certification in accordance with the non-GM standards of the Danube Soybean Association.
This season’s project is open to 15 farms from all over Ukraine, except for the territories where military operations are underway or temporarily occupied by the Russian Federation.
The project runs from May 10 to November 30. At the same time, applications will be accepted from May 10 to July 31, 2025. To participate, you need to fill out an application and provide documents confirming the purchase of certified seeds on the association’s website: https://www.donausoja.org/uk/soya-farmers-support-in-ukraine/.
According to Danube Soya, over the first two seasons, more than 50 farms from 12 regions of Ukraine joined the program and received more than UAH 2 million in compensation.
The Danube Soy Association is a non-profit, independent, membership-based organization headquartered in Vienna. The two certificates “Danube Soy” / “European Soy” are awarded to non-GM soy products of controlled origin and quality from the Danube Region and Europe.
The association has more than 330 members in 27 countries.
In 2024, KSG Agro received $3.662 million in operating profit against a $1.615 million loss a year earlier, according to the agricultural holding’s report on the Warsaw Stock Exchange.
According to the report, KSG Agro’s revenue from sales in 2024 increased by 17.6% to $22.103 million from $18.786 million.
“By continuing to implement the development strategy of a vertically integrated holding, we have achieved improved financial performance in two of our strategically important business areas – crop production and pig production. The main factor behind the positive dynamics was the increase in the efficiency of the pig business in 2024 by updating the herd with sows of modern efficient genetics. As confirmed by a series of tests we conducted in early 2023, the productivity of the purchased sows is quite high not only in terms of the number of litters and farrowing weight, but also in terms of pork quality,” said Sergiy Kasyanov, Chairman of the Board of Directors of KSG Agro.
According to him, based on the tests conducted, 1.3 thousand heads of the identified low-productive sows in the herd were replaced with purchased more efficient ones during the year. This allowed the holding to produce high quality piglets and ensure high dynamics of the pig breeding business.
Kasyanov added that the main drivers of KSG Agro’s further development, including in 2025, will be increasing the efficiency of crop production and increasing the productivity of the pig herd by continuing to rejuvenate the pig population.
KSG Agro, a vertically integrated holding company, is engaged in pig production, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank in Dnipropetrovska and Khersonska oblasts is about 21 thousand hectares.
According to the agricultural holding, it is one of the top five pork producers in Ukraine. In 2023, it launched a “network-centric” strategy, which will shift from developing a large location to a number of smaller pig farms located in different regions of Ukraine.
In the first quarter of 2024, KSG Agro decreased its net profit by 37% to $0.96 million on a 2% decrease in revenue to $5.02 million. Its EBITDA decreased by 2% to $1.83 million.
