According to preliminary data, Cherkasy Bus JSC ended 2025 with a net profit of UAH 82.98 million, which is 32% less than the corresponding figure for 2024, as indicated in the agenda for the company’s annual general meeting of shareholders summarizing last year’s results.
According to the draft resolution of the meeting scheduled for April 24, published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), shareholders intend to retain 95% of the profit earned, or UAH 78.83 million, at the company’s disposal, and allocate 5% (UAH 4.15 million) to the reserve fund.
As previously reported, based on the results of operations in 2024, the shareholders of “Cherkasy Bus” also allocated nearly all of the net profit to development. Meanwhile, the planned profit for 2025 amounted to UAH 102.8 million.
At the meeting, it is planned, in particular, to approve a projected profit target for 2025 of UAH 143.83 million.
Shareholders also plan to re-elect the chair and members of the supervisory board, as well as appoint TOA “Advo-Audit” as the auditor of the company’s financial statements for 2026.
According to data from the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2025, Oleksandr Dorosh, head of the “Isuzu-Ataman Ukraine” business, owns nearly 42.29% of the shares of JSC “Cherkasy Bus,” Anna Suprun owns nearly 13.65%, and three other individuals, including long-time board chairman Vitaliy Raabe, each hold 7.9275%.
The company’s authorized capital is UAH 162.97 million.
Founded in 1994, the “Cherkasy Bus” plant manufactures Ataman small-class buses (including school buses) as well as other wheeled vehicles based on Japanese Isuzu components, specifically Isuzu trucks, using a semi-knockdown assembly method.
The plant did not disclose the number of buses and trucks produced and sold in 2025, but in 2024, according to its data, it reduced bus production by nearly 15% compared to the previous year, to 425 units, and truck production by 15%, to 321 units; bus sales decreased by 15.7% to 425 units, while truck sales increased by 8% to 319 units.
At the same time, the plant plans to manufacture 385 buses, 300 trucks with a payload capacity of 3 to 18 tons, and 302 Isuzu pickups for the National Police, the State Emergency Service, the State Border Guard Service, and other companies in 2025.
In addition, construction of a small-series production facility was scheduled to begin in the third quarter of 2025.
According to data from YouControl, in 2025 the company reduced its net sales revenue by 2.2% compared to 2024—to 1.733 billion UAH. Retained earnings as of early 2026 amounted to 346.2 million UAH.
