Business news from Ukraine

Business news from Ukraine

LLRZ reported loss of 16.2 mln hryvnias in first quarter of 2026

30 April , 2026  

The Lviv Locomotive Repair Plant (LLRP), part of Ukrzaliznytsia, ended the January-March 2026 period with a loss of 16.2 million UAH, whereas during the same period in 2025, net profit amounted to 9.3 million UAH.

According to the plant’s financial report published in the NSSMC disclosure system, its net revenue decreased by 26.2% to nearly 163 million UAH.

The plant reported an operating loss of UAH 10 million compared to a profit of UAH 30.4 million, and the loss from operating activities amounted to UAH 22.6 million, whereas in January–March of last year, operating profit stood at UAH 13.3 million.

According to LLRZ, in January–March it repaired 3 units of rolling stock for Ukrzaliznytsia (6 units during the same period in 2025), 144 wheel sets (161), 29 traction motors (64), 20 auxiliary electric machines (45), 16 anchors (36), and 67 units of other line products (8 units).

Founded in 1861, the Lviv Locomotive Repair Plant is now a major Ukrainian enterprise specializing in the repair of electric locomotives (VL10, VL11m, and VL80t series), traction motors, and wheel sets.

As reported, in 2025 the plant increased its production volume by 24.2% compared to 2024—to 1.026 billion UAH.

By a decision of the shareholder of PJSC “LLRZ” dated April 23 of this year, 95% of the nearly UAH 7 million in net profit earned in 2025 will be allocated to cover losses from previous periods, and 5% will go to the reserve capital.

In 2024, the plant increased its net profit by 55% compared to 2023—to 24 million UAH—and its net revenue by 39%, to 827.7 million UAH.

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