The Kremenchug Road Machinery Plant (JSC Kredmash, Poltava region) ended 2025 with a loss of UAH 26.9 million, which is almost 2.1 times more than in 2024 (UAH 13.08 million).
According to the information published on the agenda of the company’s annual general meeting of shareholders on April 10, the uncovered loss as of the beginning of 2026 also amounts to UAH 26.9 million.
The agenda of the meeting includes a question regarding the sources of coverage of losses incurred in 2025, and the draft decisions define these sources as undistributed profits for previous years, reserve capital, and additional capital (funds for production development).
The company’s current liabilities for the year decreased by 36.4% to UAH 34.3 million, while long-term liabilities increased by 8.5% to UAH 4.9 million.
JSC Kredmash managed to reduce its total accounts receivable by 41.3% to UAH 10.9 million, while its total assets decreased by 9% to UAH 469 million, in particular, cash and cash equivalents decreased 3.4 times to almost UAH 19 million.
The net loss per ordinary share amounted to UAH 79.73 (a year earlier – UAH 38.27).
At the meeting, shareholders also plan to terminate the powers of the members of the supervisory board ahead of schedule and elect a new composition.
As reported, the chairman of the supervisory board, president and owner of 15.97% of the shares of Kredmash JSC, Mykola Danileiko, died in April last year, and subsequently the owner of this stake became NR member Olena Stepanenko (presumably Danileiko’s daughter), who previously owned 4% of the company’s shares.
Kredmash specializes in the development and manufacture of asphalt and soil mixing plants, spare parts for construction and road equipment, tank trucks, bitumen trucks, cast iron and steel castings.
According to the National Securities and Stock Market Commission (NSSMC) data for the fourth quarter of 2025, Stepanenko owns 20.0047% of the company’s authorized capital, Chairman of the Board Oleksandr Tverezyi owns almost 10.21%, Euroavtomatizatsiya LLC owns more than 9.6%, and KDM Invest owns 9.8%.
According to the company’s financial report, in 2024, it reduced its net income by 23% compared to the previous year, to UAH 143.7 million.
Only two asphalt mixing plants were sold (three in the previous year), with an average sale price of UAH 52.5 million, as well as wheeled vehicles worth UAH 1.1 million, spare parts for construction and road machinery worth UAH 18.8 million, and consumer goods worth UAH 58.7 million.
At the same time, products (spare parts, consumer goods) worth UAH 63.6 million (45.1% of sales) were exported, in particular to Georgia, Moldova, Turkmenistan, Kazakhstan, and Azerbaijan.
The company emphasized that its production activities are linked to the implementation of state programs for the construction and operation of motorways, which have now been curtailed, negatively affecting production and sales volumes.
In 2025, Kredmash mastered the production of new products, in particular, it developed and supplied the customer with key equipment for the technology of processing lead-acid battery waste — a melting drum and a burner unit for melting lead.
In addition, the plant supplied customers with equipment for drying sand and mineral materials, equipment for winter road maintenance (dumps and sand spreaders with a capacity of 9 and 7 cubic meters), and in December began shipping the KDM2067 asphalt mixing plant to a customer in the Mykolaiv region.
As reported, in pre-war 2021, the plant sold products worth UAH 1.2 billion. In June 2022, as a result of hostile rocket attacks on Kremenchuk, the plant’s industrial facilities were partially destroyed.
