Business news from Ukraine

Business news from Ukraine

“Poltava Poultry Farm” Increased Its Half-Year Profit by 82.9%

In January–June 2026, PJSC “Poltava Poultry Farm” increased its net profit by 82.9% compared to the same period in 2025, reaching 19.07 million UAH.

According to the company’s disclosure in the National Securities and Stock Market Commission (NSSMC) disclosure system, its net revenue from product sales rose by 20.9% to 545.9 million UAH.
According to the financial statements, the company’s gross profit for the first half of the year increased by 12.9% to 190.2 million UAH, while operating profit rose by 82.9% to 23.3 million UAH.

As of June 30, 2026, the assets of Poltava Poultry Farm PJSC totaled 1.079 billion UAH, compared to 1.068 billion UAH at the beginning of the year. Equity rose to UAH 1.035 billion from UAH 1.016 billion, while current liabilities decreased to UAH 44.5 million from UAH 51.7 million.

In its interim management report, the company noted that during the reporting period it maintained a stable level of production, fulfilled its obligations to partners, and no significant adverse events that could affect its financial or operational stability were recorded. Among the main risks, the company cites the continuation of the war, logistical difficulties, inflationary pressure, exchange rate fluctuations, and rising energy prices.

Poltava Poultry Farm PJSC was registered in August 1998. Its primary activity is poultry farming. The company is also engaged in the production of poultry meat and meat products, as well as the cultivation of grain and oilseed crops. Its production facilities are located in the village of Stasi, Poltava Oblast. According to the Unified State Register, the company’s ultimate beneficial owners are Ruslan Urdzik, Bohdan Yesipov, Volodymyr Troyan, Serhiy Semenyachenko, Andriy Milovanov, and Mykhailo Zhikharev.

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“Dniprospetsstal” Quadrupled Its Half-Year Loss

PJSC “Dniprospetsstal Electrometallurgical Plant” (Zaporizhzhia) reported a fourfold increase in its net loss for January–June of this year compared to the same period last year—rising to 728.629 million UAH from 180.048 million UAH.

According to the company’s interim report, available to the agency “Interfax-Ukraine”, revenue from ordinary operations for this period decreased by 21.5%—to 2,205.763 million UAH.

The accumulated loss as of the end of June 2026 amounted to 6,935.497 million UAH.

As previously reported, in the first quarter of 2026, Dniprospetsstal saw its net loss increase 3.9-fold compared to the same period last year, reaching 510.751 million UAH. Revenue from ordinary operations for this period decreased by 21.4%—to 957.475 million UAH from 1 billion 217.961 million UAH.

According to the 2025 report, the company’s net loss last year increased by 22.1% compared to 2024—to 711.015 million UAH from 582.427 million UAH. At the same time, revenue from ordinary operations for this period decreased by 6.2%—to 5,330.967 million UAH from 5,686.039 million UAH.

“Dniprospetsstal” is Ukraine’s sole manufacturer of long products and forgings made from special steel grades: stainless steel, tool steel, high-speed steel, bearing steel, structural steel, as well as heat-resistant nickel-based alloys.

According to the National Securities and Stock Market Commission’s data for the first quarter of 2026, its shares are held by Wenox Holdings Ltd. (47.1128%), Boundryco Ltd. (11.0131%), Gazaro Ltd. – 16.5197%, Crascoda Holdings – 6.6826%, and Middleprime Limited – 9.7901% (all based in Cyprus).

It was previously reported that in May 2008, the international investment and consulting group EastOne sold its approximately 30% stake in Dniprospetsstal, which had previously been held under the group’s mandate. The plant’s new shareholders are linked to VS Energy International, whose beneficial owners include several Russian entrepreneurs.

According to the report, in May 2023, pursuant to a decision by the National Security and Defense Council of Ukraine (NSDC) dated May 12, 2023, personal economic sanctions were imposed on the ultimate beneficial owner of PJSC “Dniprospetsstal.”

The authorized capital of the PJSC amounts to 49.720 million UAH.

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Gas reserves in European storage facilities have reached their lowest level on this date in recorded history

According to Interfax-Ukraine, the relative level of gas reserves in European storage facilities has reached its lowest value on this date in recorded history.

Previously, the all-time low for storage levels at this time of year was recorded in 2021 (the pandemic impacted the industry’s capacity). However, since the start of the injection season, the 2026 trend has steadily been closing the gap with the previous record low.

The average level of gas reserves in Europe’s underground storage facilities reached 57.11% at the end of the gas day on August 1, according to data from Gas Infrastructure Europe (GIE), the association of European gas infrastructure operators. The reserve level on the same date in 2021 was slightly higher—57.28%. A day earlier, the figures were different: as of July 31, 2026, the level stood at 56.88% (higher), while as of July 31, 2021, it was 56.83% (lower).

Natural gas storage levels in Europe are a key indicator for the global gas market. The total capacity of the EU’s storage system is 109 billion cubic meters of active gas. Collectively, Europe has become the largest importer in the global LNG market. Gas Infrastructure Europe brings together operators active in the transportation and storage of natural gas, as well as LNG. The statistical database covers the operation of underground natural gas storage infrastructure since 2011, and the receipt and regasification of LNG since 2012. Gas days in the European gas industry are counted starting at 6:00 a.m. Central European Time (CET).

Renewable sources are expected to contribute to the EU’s energy balance. Since the beginning of August 2026, wind power in Europe has been meeting an average of 10% of electricity demand, according to the WindEurope association. A year ago, in August 2025, the contribution of wind power plants stood at 14%.

Europe is also actively importing liquefied natural gas (LNG). However, in August 2026, gas imports from abroad are down 7% compared to last year’s level. LNG imports in August 2026 may drop to 6.9 million metric tons.

The spot price for “next-day” delivery at the benchmark European TTF hub closed at $696 per 1,000 cubic meters on Friday, up from an average of $626 in July.

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“Kyivstar” Increased Quarterly EBITDA by 21.1%

Kyivstar, Ukraine’s largest mobile operator, increased its EBITDA by 21.1% in the second quarter of 2026 to 8.3 billion UAH, while revenue rose by 27% to 14.9 billion UAH, according to the company’s quarterly report released on Friday.

“Kyivstar has demonstrated another quarter of broad-based profitable growth, and we are once again raising our full-year forecast,” Kyivstar CEO and President Oleksandr Komarov is quoted as saying in the document.
He noted that digital technologies now account for more than one-fifth of the company’s revenue, which is 7 percentage points higher than a year ago.

“We remain focused on leading Ukraine’s digital future and ensuring sustainable returns for our shareholders,” Komarov added.
In U.S. dollars, Kyivstar now estimates revenue growth in the second quarter of this year at 19.3%—to $339 million—and EBITDA at 13.7%, to $188 million, resulting in a margin of 55.4%.

Kyivstar’s net income was $77 million, with earnings per share of $0.33. Revenue from digital services grew by 94.7% to 3.3 billion UAH, accounting for 21.7% of total revenue, or 83%, to $73.7 million. ​
The number of Kyivstar’s multiplay customers in the second quarter of 2026 grew by 23.6% to 8.1 million, representing 39.9% of the total number of active mobile customers during the month. Revenue from these services increased by 47.4% to $139 million (up 56.9% to 6.2 billion UAH), or 41.1% of total revenue.

ARPU (Average Revenue Per User) for this period rose by 11.2% to $3.9 (up 18.3% to 172.7 UAH).
The report also states that the total number of monthly active digital users for the quarter was 29.3 million. Specifically, the figure rose by 8.2% at Uklon—to 5.2 million; by 0.7% at Helsi—to 5 million; stood at 6.3 million at Tabletki; and increased by 47.7% at KyivstarTV—to 3.6 million.

The online taxi service Uklon, which was consolidated into Kyivstar’s financial statements in April 2025, generated 1.448 billion UAH in revenue, or $32.8 million, in the second quarter of 2026. Its EBITDA amounted to 554 million UAH, or $12.5 million. The number of booked trips during this period increased by 4.5% to 43 million, while the number of completed trips rose by 25.9% to 1.4 million.

It is noted that as of the end of the second quarter of 2026, the Helsi healthcare information system had 109,000 paid subscribers; its revenue increased by 44.6% compared to the same period in 2025—to 105 million UAH—or by 35.9%—to $2.4 million. The service’s clients have access to 1,800 healthcare facilities. The number of patient visits reached 2.4 million.
Tabletki.ua, which was acquired in February of this year for $160 million, generated 342 million UAH, or $7.8 million, in the second quarter. EBITDA amounted to 274 million UAH, or $6.2 million. The average monthly number of orders reached 15 million, and gross merchandise value (GMV) reached $376 million.

Revenue for the Kyivstar TV platform in the second quarter of 2026 reached 614 million UAH, or $13.9 million, as the number of user sessions grew by 34.2% to 931 million.
The report specified that capital expenditures, excluding licenses and assets in the form of rights of use, amounted to $59 million. The company emphasizes that the capital expenditure intensity in the second quarter of 2026 was 17.3% and 26.6% over the past 12 months, which is 3.3 percentage points lower than the 29.9% recorded in the first quarter.

It is noted that going forward, the group expects revenue growth in dollar terms of 14–16% (previously projected at 11–14%) and EBITDA growth of 9–12% (previously indicated as 7–10%), while the capital expenditure rate will remain unchanged at 21–24%, assuming an average UAH/USD exchange rate of 44.5.
Free cash flow to shareholders, after accounting for lease and license expenses, increased by 32.2% to $104 million. Additionally, as of June 30, 2026, cash, cash equivalents, and deposits totaled 16.4 billion UAH, or $364 million.

Kyivstar added that more than 6 million of its customers currently use the Starlink Direct-to-Cell service, which during the reporting period also expanded its capabilities beyond messaging to include data transmission via specific apps—such as Google Maps, Viber, and WhatsApp—in areas without terrestrial coverage.
Among other things, during the second quarter of this year, the group acquired six solar power plants in the Lviv region (105 MW in total for $80.8 million), expanding its renewable energy portfolio nearly ninefold—to approximately 30% of expected energy needs—and strengthening its energy resilience.

The Uklon service launched the Uklon Store, signed an agreement to acquire E-wings, and conducted Ukraine’s first real-time testing of autonomous vehicles.

The group also signed a memorandum of understanding with the Ministry of Economy to explore the possibility of establishing an AI-ready data center, as well as a memorandum with the National Securities and Stock Market Commission of Ukraine to examine the possibility of providing domestic investors with access to the group’s Nasdaq-listed shares through established brokerage channels.

As reported, in the first quarter of 2026, Kyivstar increased its EBITDA by 28.5% to 7.5 billion UAH, while revenue grew by 31.3% to 13.9 billion UAH
In 2025, the company increased its EBITDA by 30% to 27 billion UAH, with revenue growing by 30.3% to 48.2 billion UAH; including in the fourth quarter, when EBITDA increased by 23.1% to 7.2 billion UAH, with revenue growing by 30.1% to 13.5 billion UAH.

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Trump suggested that Greenland could come under US control by 2029

US President Donald Trump has suggested that Greenland could come under Washington’s operational control before the end of his current presidential term.

Trump made this statement on 31 July in an interview with Steve Gruber, a presenter on the Real America’s Voice television channel. The journalist recalled his prediction that Greenland would come under US operational control before Trump leaves office, and asked whether the island remained of key importance for the defence of the Western Hemisphere.

“Yes, you’ll be right,” Trump replied, suggesting that the presenter “place that bet”.

The US President did not specify how Washington might gain control of the island, nor did he mention any new agreement with Denmark or the Greenlandic government. His remarks therefore remain, for the time being, a political statement rather than an announcement of an agreed plan or timetable for the transfer of the territory.

Back in July, Trump had already stated that Greenland should be under US control rather than Denmark’s. He explained his position by citing the island’s strategic location and the need to counter Russian and Chinese activity in the Arctic.

In response, Danish Prime Minister Mette Frederiksen stated that Greenland is not for sale and called on allies to respect the sovereignty and territorial integrity of the Kingdom of Denmark. The Greenlandic authorities also emphasise that the island’s future can only be determined by its inhabitants.

Greenland is a self-governing territory within the Kingdom of Denmark. It governs most domestic matters independently, whilst defence and a significant part of foreign policy remain under Copenhagen’s jurisdiction.

The US’s interest stems from Greenland’s location between North America and Europe, control over Arctic air and sea routes, a missile launch warning system, and potential deposits of rare-earth and other critically important minerals. The United States already operates the Pituffik Space Station on the island, formerly the Thule Air Base.

American interest in acquiring the island predates Trump by a long way. The US Congressional Research Service notes that the issue of a possible acquisition of Greenland was raised by Washington in 1868, 1910 and 1946.

The US came closest to exercising effective control over the island during the Second World War. Following Germany’s occupation of Denmark, the Danish ambassador to Washington, Henrik Kaufmann, signed a defence agreement with the US on 9 April 1941 concerning Greenland.

The document preserved Danish sovereignty but allowed the United States to build and safeguard military installations. In the established defence zones, the US was granted exclusive jurisdiction, with the exception of matters concerning Danish citizens and the indigenous population.

The US military built airfields, radio stations, meteorological stations and other infrastructure on the island. They ensured the defence of the territory and drove out the German units that had landed there.

It can therefore be said that during the war years, the US effectively controlled Greenland’s military security, key transport facilities and strategic areas. However, there was no full political control or American sovereignty over the entire island — formally, it continued to belong to Denmark.

After the war ended, Washington was reluctant to leave the island entirely. In December 1946, US Secretary of State James Byrnes proposed to the Danish leadership that they consider a direct sale of Greenland. The US military leadership considered the purchase of the island to be the preferred option, whilst long-term rights to station bases there were seen as an alternative. Copenhagen did not accept the proposal.

In 1951, the US and Denmark concluded a new defence agreement within the framework of NATO. It cemented the American military presence and allowed for the establishment of the Thule Defence Area. The base built there subsequently became a key element of the early warning system for missile attacks and space surveillance.

Thus, the US already has extensive military capabilities in Greenland without changing its state status. The US can use the agreed defence areas, station personnel and operate strategic infrastructure. According to the Experts Club information and analysis centre, the current debate concerns not so much access for the US military as Washington’s potential acquisition of political control or sovereignty over the island.

In 2019, during his first presidential term, Trump also proposed buying Greenland. Denmark and the island’s authorities rejected this proposal at the time. Upon his return to the White House, Trump has once again made establishing control over the island one of the key priorities of his Arctic policy.

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In first half of 2026, Metinvest increased its steel production by 13% and its pig iron production by 18%

Metinvest, Ukraine’s largest mining and metallurgical holding company, increased steel production by 13% in January–June 2026 compared to the same period last year—to 1.026 million metric tons—and pig iron production by 18%, to 934,000 metric tons.

According to a press release from the parent company, Metinvest B.V., published on July 31, in the second quarter, pig iron production at Kametstal rose by 13% compared to the previous quarter—to 496,000 metric tons—while steel production increased by 26%, to 572,000 metric tons. This growth was driven by the stabilization of the power supply since March 2026.

In addition, the first-half figures were compared to a relatively low base from last year, when blast furnace No. 9 was shut down for major repairs in April–June.
Production of commercial semi-finished products in the first half of the year increased by 19% to 357,000 metric tons. Production of commercial pig iron more than doubled to 64,000 metric tons, while production of billets rose by 6% to 293,000 metric tons.

Production of finished steel products increased by 6% to 1.303 million metric tons. Output of long products rose by 6% to 717,000 metric tons, thanks to increased production volumes at Kametstal and the Bulgarian company Promet Steel.
Production of flat rolled products decreased by 1% to 545,000 metric tons. Specifically, output of hot-rolled coils fell by 9%, and that of galvanized cold-rolled coils by 2%, while production of hot-rolled heavy plate remained virtually unchanged at 431,000 metric tons.

Pipe output totaled 41,000 metric tons following the group’s acquisition of the Romanian company Metinvest Tubular Iași in December 2025.
In the second quarter, finished product output fell by 3% compared to the first quarter, to 642,000 metric tons. This was due to a 13% decline in flat-rolled steel output caused by a temporary shutdown of the rolling mill at the Italian company Ferriera Valsider in March–May.

Coke production in the second quarter rose by 9% to 279,000 metric tons following the stabilization of coal supplies. For the first half of the year, the figure remained at the same level as the corresponding period last year, totaling 535,000 metric tons.
Metinvest is a vertically integrated group of mining and metallurgical companies. The group’s production assets are located in Ukraine, European Union countries, and the United Kingdom. The main shareholders are the SCM Group, with a 71.24% stake, and Smart Holding, with a 23.76% stake.

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