The manufacturer of agricultural and special-purpose machinery, JSC “Fregat Plant” (Pervomaisk, Mykolaiv region), increased its losses by 21.3% in January-March 2025 compared to the same period in 2024, to UAH 15.1 million.
According to the company’s financial report published in the information disclosure system of the National Securities and Stock Market Commission, net sales revenue decreased 6.9 times to UAH 8.4 million.
The company received UAH 1.2 million in gross profit (UAH 19 million a year earlier), and operating losses amounted to UAH 13.7 million compared to a profit of UAH 6.8 million in January-March 2024.
“The martial law in Ukraine, which was introduced in connection with the Russian Federation’s military aggression against Ukraine, is leading to unstable operations and a reduction in production. The company is continuing its production activities, but not all production capacities are operating, as a result of which not the entire range of products is being manufactured,” the report says.
According to the plant, during the reporting period, the production of agricultural machinery for crop production amounted to 0.47% of the plant’s commercial output, equipment for the processing industries of the agro-industrial complex was not produced, and other types of products accounted for 99.5%.
The Fregat plant specializes in the production of irrigation systems, road barriers, metal structures, as well as machine-building products and special-purpose machines.
As of April 1, the average number of employees at the plant was 140, with another 88 people working in the Eastern branch and 9 in the Dnipro branch. The average salary is 13,080 UAH.
As reported, in 2024, the plant increased its losses by 58% compared to 2023, to UAH 60.4 million, while net income grew by 34.6%, to UAH 188.6 million.
