Business news from Ukraine

Business news from Ukraine

NKMZ ended 2025 with loss of 127.1 mln UAH after profitable 2024

18 March , 2026  

JSC “Novokramatorsk Machine-Building Plant” (NKMZ, Kramatorsk, Donetsk Oblast) ended 2025 with a loss of UAH 127.1 million, whereas in 2024, net profit amounted to UAH 36.3 million.

According to financial indicators published in the NSSMC’s disclosure system in the appendix to the notice of the company’s general meeting of shareholders on April 28, retained earnings as of the beginning of the current year amounted to UAH 1.993 billion (as of the beginning of 2025 – UAH 2.343 billion).

NKMZ’s total assets decreased by 7% over the year to UAH 5.634 billion; in particular, total accounts receivable fell by 9% to UAH 493.9 million.

The company reduced its current liabilities by 21.4% to UAH 536.7 million; there were no long-term liabilities.

The equity of NKMZ as of the beginning of 2026 was UAH 5.097 billion; the authorized capital remained unchanged at UAH 89.3 million.

According to the draft resolutions of the shareholders’ meeting, it is planned to cover the loss incurred in 2025 using retained earnings.

At the same time, it is planned to allocate a portion of retained earnings in the amount of UAH 223,314 thousand for the payment of dividends at a rate of UAH 1,000 per share (with a par value of UAH 400).

As reported, from May to November 2025, the company also paid out UAH 223.3 million in dividends (UAH 1,000 per share), allocating all net profit for 2024 and UAH 186.98 million in previously unused profit toward these payments.

At the meeting, shareholders plan, in particular, to elect a new composition of the supervisory board, reducing it from five to three members, while proposing to re-elect the company’s vice president, Dmytro Skudar, as chairman of the supervisory board for a new term, as well as to include another member of NKMZ President Heorhiy Skudar’s family—V. Skudar—in its composition. It is also proposed to re-elect Irina Varaksina as deputy chair of the supervisory board for a new term.

NKMZ is a city-forming enterprise in Kramatorsk, the largest in Ukraine in the production of rolled, metallurgical, forging and pressing, hydraulic, mining, lifting and transport, hydraulic, and railway equipment.

As reported, NKMZ’s operations were forced to shut down with the start of Russia’s full-scale military invasion of Ukraine, and it began partially resuming operations on October 1, 2023.

NKMZ did not publish its financial and operational results for 2025, but in January–September 2025, its net sales revenue amounted to UAH 1.174 billion (+51% compared to the same period in 2024), and 78.3% of total revenue came from exports. India was the largest importer.

The plant noted that it is located in a frontline area, and a key factor remains its operations “under conditions of Russian military aggression against Ukraine.”

The number of employees as of early 2025 was 5,660.

According to the NSSMC, as of the fourth quarter of 2025, company president Georgiy Skudar owns over 8.97% of the shares in PJSC “NKMZ,” while Galina Savenko and Olena Yakovleva hold stakes of nearly 33.586% and 33.63%, respectively (according to media reports, Skudar’s daughters – IF-U).

According to the YouControl resource, in 2025 NKMZ increased its net revenue by 29.6% compared to 2024 – to 1.485 billion UAH.