PJSC “Kryukiv Railway Car Building Plant” (KVBZ, Poltava Oblast), ended the January–September period of this year with a net profit of 94.5 million UAH, compared to a loss of 76.7 million UAH for the same period last year; specifically, in July–August, the profit amounted to 75.2 million UAH, compared to a loss of 65 million UAH in the third quarter of 2025.
According to the company’s report published on the plant’s website, its net revenue for the first nine months increased by 51.4%—to 3.438 billion UAH, while in the third quarter this figure rose 3.2-fold—to 1.609 billion UAH.
According to the report, in January–September of this year, the company incurred an operating loss of 4 million UAH, compared to 107.7 million UAH a year ago, while gross profit increased 2.4-fold to 260 million UAH.
The accumulated loss as of October 1, 2026, stood at 136.8 million UAH, compared to 231.3 million UAH at the beginning of the year.
Products were sold in Ukraine; the share of exports for January–September amounted to only 0.05%.
In the third quarter of this year, 224 freight cars were sold, compared to only five during the same period in 2025 (204 freight cars were sold in the second quarter of 2026).
“There is a positive trend toward an increase in freight car sales. Over the first nine months of this year, 502 freight cars were sold,” the report states.
The main customers were JSC “Ukrzaliznytsia” and private companies that purchased freight cars to facilitate the transportation of grain crops and container shipments.
At the same time, the plant notes that demand for new freight cars remained significantly lower than the production capacity of Ukrainian railcar manufacturers.
KVBZ notes that among Ukraine’s 20 domestic railcar manufacturers, based on performance for January–August (data on freight car sales by domestic competitors in September 2026 is currently unavailable) it ranks first in terms of freight car deliveries (457 cars) with a market share of 57.6% (in total, Ukrainian railcar manufacturers supplied 794 freight cars to the market over the first 8 months of 2026).
In addition, during the third quarter, the plant delivered 20 passenger cars to JSC “UZ.”
The company also notes that in July of this year, it won a UZ tender to supply 92 passenger cars, with a delivery period of 24 months from the date of the advance payment, and on August 20, it signed a contract with UZ to supply 10 passenger cars (4 compartment sleeper cars with a conductor’s rest compartment, 4 compartment sleeper cars, and 2 inclusive compartment sleeper cars with a train conductor’s compartment), which must be delivered no later than 914 calendar days from the date the buyer makes the advance payment.
KVBZ manufactures passenger and freight cars, regional diesel trains, high-speed interregional locomotive-hauled trains, spare parts and bogies for freight cars, and escalators.
As reported, in 2025, the company saw its net revenue decline by 30.5% compared to 2024—to 2 billion 617.2 million UAH—and incurred a loss of 184.5 million UAH, whereas in 2024, net profit amounted to 81.1 million UAH. A total of 143 freight cars and 51 passenger cars were sold.
