Business news from Ukraine

Business news from Ukraine

“Galka” will pay UAH 4.5 mln in dividends despite decline in profits

8 April , 2025  

In 2024, coffee producer Galka PrJSC (Lviv) reduced its profit by 7.5% to UAH 2.7 million compared to 2023.

According to the decision of the shareholders’ meeting published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), it was decided to pay dividends in the amount of UAH 4,497,204, which is UAH 12.85 per ordinary registered share.

The Management Board was obliged to compile a list of persons entitled to receive dividends by April 23, 2025, and to pay dividends directly to shareholders within six months from the date of the general meeting’s decision to pay dividends by transferring them to shareholders’ bank accounts or, at their request, at the company’s cash desk.

“Pay the entire amount of dividends in full. To notify the persons entitled to receive dividends of the date, amount, procedure and term of their payment by posting a relevant notice on the company’s website,” the minutes of the general meeting read.

According to the Opendatabot service, in 2024, Galka slightly increased its revenue to UAH 5.274 million, which actually corresponds to the pre-war level of UAH 5.29 million in 2021. Debt obligations increased by 20.2% to UAH 504.2 thousand, while assets decreased by 6.6% to UAH 24.11 million.

Galka PrJSC was established in 1994 on the basis of a Lviv coffee factory that started its operations in 1932 as the Lviv Cooperative Factory of Coffee Additives “Suspilny Promyshl”. Since its inception, the company has specialized in the production of chicory and malt coffee “Luna”, as well as Prajin coffee substitutes. In 1971, the company installed Niro Atomizer equipment for the production of instant coffee, which Lviv Coffee Factory began exporting. The capacity of the Ukrainian-English manufacturer Galka is currently 120 thousand packs of coffee per day.

The major shareholders are Yaroslav Volynets (8.9%) and Lydia and Andriy Volynets (6.9% each), Natalia, Olga and Yuriy Dubovy (7.7% each), Roman and Volodymyr Pasternak (7.1% and 7.6%), Iryna Popovych (7.1%), and Galka Holding LLC (19.39%).

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