JSC “Kremenchuk Steel Works” (KSZ, Kremenchuk, Poltava Oblast), part of the industrial assets of the TAS Group, ended 2025 with a net loss of UAH 148,080,549, whereas profit for 2024 amounted to UAH 369,337,168,
According to KSZ’s announcement in the NSSMC’s disclosure system regarding the remote general meeting of shareholders to be held on April 24, the agenda includes 12 items, among which are the supervisory board’s report for 2025, approval of measures based on the review’s findings, and adoption of relevant resolutions.
It is also planned to approve the company’s annual report and the audit report for 2025, approve the results of financial and economic activities and determine the procedure for covering losses, as well as approve the annual reports for 2023–2024 in their new versions.
In addition, the meeting will approve significant transactions. Shareholders will also terminate the powers of the members of the supervisory board and elect new ones.
Draft resolutions, copies of which are available to the Interfax-Ukraine agency, provide for the approval of the loss for 2024, while shareholders are proposed to cover it using the company’s retained earnings from previous years. No dividends will be declared or paid.
It was previously reported that KSZ recorded a net profit of 369,337,168 UAH in 2024, 131,086,773 UAH in 2023, in 2022—UAH 50.281 million, while the company ended 2021 with a net loss of UAH 56.833 million and 2020 with a loss of UAH 22.81 million.
The Kremenchuk Steel Foundry is Ukraine’s leading foundry specializing in the production of steel castings for freight cars and heavy-duty trucks.
According to the State Registration Service data for the fourth quarter of 2025, Indeko LLC and Nexum Trade LLC each hold 24.2210% of the shares in KSZ JSC, FinEuroVector Financial Company LLC holds 18.8392%, and the financial company “Alfa Cross” holds 24.9%.
The authorized capital of JSC ‘KSZ’ is UAH 132.123 million, and the par value of a share is UAH 0.25.
The “TAS” Group was founded in 1998. Its business interests span the financial sector (banking and insurance segments), industry, real estate, the agricultural sector, and venture projects. The founder and major shareholder of the group is Serhiy Tihipko.
