Nine companies from the top ten made a profit last year.
According to the OpenDataBot 2025 Index, the total income of the leading construction companies amounted to UAH 49.49 billion. This is 41% more than in 2023. The top three leaders have remained almost unchanged for three years in a row. Nine companies from the top ten managed to make a profit last year. Half of the top companies are engaged in the construction of roads and highways.
The top ten construction companies in the OpenDataBot Index 2025 earned over UAH 49 billion in revenue. This is 41% more than in 2023. The combined profit of the leaders grew 1.6 times to UAH 3.09 billion.
The lion’s share of the top companies’ revenue comes from five companies specializing in road construction: 75% or UAH 36.9 billion.
Four other companies are engaged in the construction of residential and non-residential buildings, with a more modest contribution of 20% of revenue. One company in the ranking operates in the narrow field of exploratory drilling.
For the third year in a row, the top three leaders in the Construction Industry Index have remained virtually unchanged. The absolute leader is Avtomagistral-Pivden from Odesa, owned by Oleksandr Boiko. In 2024, the company earned UAH 13.2 billion (27% of the total revenue of the top companies), which is 1.6 times higher than in 2023. Profit reached a record 1.36 billion UAH.
In second place is Vinnytsia-based Avtostrada, owned by Maksym Shkil. The company earned 10.8 billion UAH (+30%) and increased its profit 1.6 times to 74.6 million UAH.
The company notes that Avtostrada is one of the ten largest donors to the Ukrainian Armed Forces, having transferred more than UAH 2.1 billion since the start of the full-scale war. The company is actively involved in the reconstruction of critical infrastructure, including water pipelines and energy facilities. It is also one of the largest taxpayers in its industry.
Third place went to Rostdorstroy in Odesa (Yevgeny Konovalov and Yuri Schumacher). The company increased its revenue by 15% (to UAH 6.85 billion), while its profit fell by a quarter.
Onur Construction International from Lviv (owned by Turkish entrepreneurs Cetinjeviz Onur and Ihsan) climbed to fourth place. Its revenue grew by 30% to UAH 3.82 billion, and its profit almost tripled to UAH 418 million.
Fifth place went to a newcomer to the Index, Atelier de France Kyiv, a company engaged in the restoration of architectural monuments. Its revenue grew 6.4 times to UAH 2.9 billion, and its profit tripled (UAH 44 million). The owner is Frenchman Antoine Courtois, Philippe, Marie.
Ferrostroy from Poltava returned to the Index after a year’s hiatus, increasing its revenue 1.7 times to UAH 2.62 billion and its profit 2.6 times to UAH 298 million. The company is engaged in the construction of buildings.
Kosul (part of Rinat Akhmetov’s SCM Group) lost a quarter of its revenue and four places in the ranking, falling to seventh place with UAH 2.6 billion. At the same time, its profit grew by 8% to UAH 758.8 million. This company accounts for a quarter of the earnings of the top ten companies.
Vladimir Vypyrail’s Kyiv Energy Construction Company showed the largest profit growth — 8.8 times (to UAH 16.9 million), although its revenue fell by 6% to UAH 2.3 billion.
Techno-Bud-Center (Andriy Yarema and Yuriy Khanin) is another newcomer. Revenue grew 1.6 times to UAH 2.2 billion, and profit grew 1.5 times to UAH 26 million.
Vesta-I, which was headed by a new owner in March 2025, Tajik citizen Karimi Asolat Ismatzoda, showed a fourfold increase in revenue (UAH 2.2 billion), but instead of profit, it reported a loss of UAH 1.9 million.
So, in 2025, the following companies left the rating:
In January-March 2025, PJSC Insurance Company PZU Ukraine (Kyiv) increased its gross premiums by 10.89% to UAH 541.961 million, and net insurance premiums by 17.82% to UAH 555.2 million.
According to Standard-Rating, which updated the company’s credit rating/financial stability (reliability) rating on the national scale to “uaААА” based on the results of the period, revenues from individuals increased by 15.56% to UAH 378.1 million. Thus, the share of individuals in the insurer’s gross premiums amounted to 69.77%, and the share of reinsurers – 0.06%.
The volume of insurance payments and reimbursements made by the insurer in the first quarter of 2025 was 20.13% higher than in the same period of 2024, and the level of payments increased by 3.97 percentage points (pp) to 51.60%.
In January-March, the company’s operating profit amounted to UAH 40.570 million, compared with a loss in the first quarter of 2024, while net profit rose to UAH 58.395 million.
As of April 1, the insurer’s assets increased by 1.97% to UAH 2.547 billion, equity by 6.15% to UAH 1.028 billion, while liabilities decreased by 0.67% to UAH 1.519 billion, and cash and cash equivalents decreased by 18.02% to UAH 341.567 million.
The RA reports that as of the reporting date, the insurer had made financial investments in the amount of UAH 650.594 million, consisting of government bonds (UAH 298.355 million) and bank deposits (UAH 352.239 million), which had a positive impact on its liquidity. Thus, liquid assets covered 65.33% of the liabilities of IC “PZU Ukraine.”
The RA emphasizes that PrJSC IC ‘PZU Ukraine’ is supported by one of the largest insurance groups in Central and Eastern Europe, the PZU Group (which includes the parent company of PrJSC IC ‘PZU Ukraine,’ PZU S.A.).
Coal Energy S.A. (Luxembourg), a coal company with its main assets in Ukraine, which are currently under Russian occupation, signed a letter of intent with Polish mining company Siltech in mid-April to lease its real estate and infrastructure for coal mining in Poland.
“The main purpose of this letter of intent is to advance Coal Energy’s plan to apply for a license to extract coal from deposits adjacent to those owned by Siltech,” Coal Energy said in a stock exchange announcement.
It is noted that the lease is scheduled to begin at the end of 2025, after Coal Energy obtains all necessary permits to commence coal mining from the licensed deposits.
Coal Energy is expected to mine coal using Siltech’s existing mining infrastructure. This approach will reduce the time needed to start coal mining and eliminate the need for Coal Energy to invest in the construction of a new mining facility.
Coal Energy shares have been listed on the Warsaw Stock Exchange since August 8, 2011. Its main activity was coal mining at two underground mines and working with coal dumps in the Donetsk region. According to the company, due to Russia’s aggression, it currently has no coal assets in Ukraine.
In recent years, the company has had virtually no operating activities. According to the latest report on Coal Energy’s website, its total assets at the end of September 2023 amounted to $9.7 million, while its liabilities amounted to $11.6 million and its capital was negative at $1.9 million.
At the end of 2023, the company acquired Ukrmineral Trading LLC with the aim of obtaining licenses for the extraction of minerals in Ukraine, as well as Advanced Industrial Technologies Sp. z.o.o. with the aim of providing underground mining services to coal mines in Poland. In addition, in early 2024, Coal Energy registered a new company, Greentech Solutions Sp. z.o.o., for the reclamation and processing of industrial waste dumps and mine tailings, as well as the reclamation of land destroyed by human activity.
The founder, chairman of the board of directors, and CEO is Viktor Vyshnevsky.
Ukraine has started importing gas via Slovakia, according to a Facebook post by Serhiy Makogon, former head of the Ukrainian Gas Transmission System Operator (OGTSU).
“Previously, imports came from Hungary and Poland, but the cheaper Hungarian route is already fully loaded, so suppliers are forced to buy more expensive capacity from Slovakia,” he wrote.
According to the former head of GTSOU, the average daily import is currently around 14.5 million cubic meters, but in order to accumulate 13.6 billion cubic meters by November 1, imports need to be increased by 2-3 times. At the same time, Slovakia has the largest import capacity – 42 million cubic meters per day.
As reported with reference to Makogon, in order to achieve last year’s planned targets for gas reserves in underground storage facilities (UGS), Ukraine needs to import at least 5 billion cubic meters by November 1, i.e., approximately 870 million cubic meters per month or 29 million cubic meters per day.
He noted that $2-2.5 billion is needed to import the minimum 5 billion cubic meters, of which $0.4 billion has already been provided by donors and may be provided further. At the same time, he believes that funds for gas purchases can also be found within the country, in particular from the budget through direct recapitalization of Naftogaz or through debt repayment schemes involving mutual settlements.
According to Gas Infrastructure Europe (GIE), Ukraine switched from gas withdrawal from underground storage facilities to gas injection on April 17. According to them, this season’s withdrawal lasted from November 1, when there were 87.037 TWh (8.315 billion cubic meters) in UGS facilities, and ended on April 16 at 7.062 TWh (0.675 billion cubic meters) – the lowest level in history.
GIE indicates that this year Ukraine ended the heating season with reserves at 2.22% of the maximum UGS capacity, while last year the withdrawal season ended on March 30 with reserves of 11.12 TWh (3.388 billion cubic meters), or 11.12% of the UGS capacity.
In turn, according to former Energy Minister Olga Buslavets, the total level of natural gas reserves in Ukrainian UGS facilities at the end of last week was 6.1 billion cubic meters (including 4.7 billion cubic meters of “buffer gas”), which is 31% lower than last year.
Over the past week, net gas imports to Ukraine (excluding short-haul) averaged 14.4 million cubic meters per day (from Hungary and Poland), while daily gas consumption in Ukraine rose to 30-33 million cubic meters per day, according to the European platform. per day (from Hungary and Poland), while daily gas consumption in Ukraine increased to 30-33 million cubic meters per day, which, according to the European platform
Agregated Gas Storage Inventory (AGSI), allows no more than 27 million cubic meters per day to be pumped into UGS facilities.
The Association of Ukrainian Banks (AUB), in cooperation with the state-owned Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine, has presented the Banking Sector Analytical
Platform version 2.0, which visualizes banks’ reports to the National Bank of Ukraine (NBU).
“We decided that the information currently submitted by banks as reports to the National Bank and then published on the National Bank’s website and on the banks’ websites should be processed and presented in an interesting format. This is not a commercial product, but an open tool,” said Andriy Dubas, President of the Association of Ukrainian Banks.
According to him, this platform is primarily intended to consolidate all data that is already publicly available. Its main goal is, on the one hand, to collect this data in one place and, on the other hand, to check whether there is enough information to calculate certain indicators and present it in a convenient format.
The platform is structured into four main sections: comprehensive research, analytics of individual banks from different perspectives, an overview of key indicators of the banking system, data on payment systems, and bank ratings.
The platform is built on Microsoft Power BI, and data is automatically updated from the NBU website. “This minimizes the human factor and maintains a high frequency of information updates—daily,” explained Alexander Markovsky, advisor to the AUB and co-developer of the platform.
Research into the treatment of combat eye injuries is a unique experience for Ukrainian ophthalmologists, which is in demand internationally, according to Oleg Zadorozhny, senior researcher at the Filatov Institute of Eye Diseases and Tissue Therapy in Odessa, Ukraine.
“Everything related to the diagnosis and treatment, including surgery, of combat eye injuries is promising and a priority. This is a unique experience for our department of post-traumatic eye pathology. Until now, there has been little such experience in the world, so the results of our specialists’ research in the field of combat eye injuries are highly valuable,” he said in an interview with Interfax-Ukraine.
He also noted that the most sought-after areas internationally include the diagnosis and treatment of pediatric ophthalmic pathology, in particular retinoblastoma, retinopathy of prematurity, and research in ophthalmic oncology.
“Fundamental research that brings us closer to understanding the etiology and pathogenesis of ophthalmic diseases opens up new possibilities for diagnosis and treatment,” he said.
