Business news from Ukraine

Business news from Ukraine

Dnipro Switch Factory increased its net profit by 8% and will allocate UAH 432.8 mln to dividends

23 February , 2026  

According to preliminary data, JSC Dnipro Arrow Plant (DnSZ, Dnipro) ended 2025 with a net profit of UAH 583.04 million, which is 8% more than in 2023.

According to information published in the disclosure system of the National Securities and Stock Market Commission (NSSMC) on the agenda of the general meeting of DnSZ shareholders on March 30, 74.2% of the net profit received, or UAH 432.75 million, is planned to be allocated to the payment of dividends at the rate of UAH 1,700 per share (with a par value of UAH 10.5).

The remaining profit in the amount of UAH 140.39 million is proposed to be left at the disposal of the company as undistributed profit.

As reported, based on the results of its activities in 2024, DnSZ paid shareholders UAH 420 million in dividends (from the net profit of UAH 540.4 million) at a rate of UAH 1,650 per share.

The agenda of the meeting includes, in particular, amendments to the company’s charter, the appointment of HLB Ukraine LLC as auditor for 2026 and 2027, and the granting of preliminary consent to significant transactions with a maximum total value of UAH 6 billion, in particular for the supply of products to Ukrzaliznytsia.

DnSZ manufactures various types of turnouts for mainline and industrial transport, as well as subways.

According to the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2024, 20.154% of DnSZ JSC shares are owned by Jonen Capital Limited (Cyprus), 5% is owned by Dnipro City Council deputy Zagid Krasnov, his sons Ruslan and Artem own 10% and 11.228% of the shares, respectively, and another 18.3% is owned by Israeli citizen Victoria Korban (sister of businessman Gennady Korban – IF-U).

Other shareholders who own more than 5% of Dnipro Zavod shares include board chairman Serhiy Taranenko (almost 10%), Iryna Taranenko (8.658%), and CFO Valery Kryachko (7.3%).

In January-September 2025, the plant increased its net profit by 69.6% compared to the same period in 2024, to UAH 503.16 million, while net income decreased by 2.7%, to UAH 1.54 billion.

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