Business news from Ukraine

Business news from Ukraine

Mirgorodkurort saw its net profit drop by factor of 2.2 to 505,700 UAH

The health resort PJSC “Mirgorodkurort” (Poltava region) reported a 2.2-fold decrease in net profit for 2025 compared to the previous year, down to UAH 505,700.

According to the company’s report in the disclosure system of the National Securities and Stock Market Commission (NSSMC), net profit per share amounted to UAH 1.51.

According to information in the agenda of the company’s annual general meeting, scheduled for April 27, 2026, Mirgorodkurort’s assets as of the end of 2025 increased by 2.3% to UAH 112 million. Total accounts receivable grew by 2.1% to UAH 9 million, while current liabilities and provisions increased by 36.4% to UAH 30.6 million.

The company’s retained earnings as of the end of 2025 amounted to UAH 32.4 million.

The shareholders of “Mirgorodkurort” plan to allocate 60.09% of the net profit earned last year, amounting to UAH 303,700, for dividend payments; 5%, or UAH 25,200, for the reserve fund; and 34.91% (UAH 176,400) to remain undistributed.

The agenda for the company’s annual meeting also includes a motion to renew the composition of the supervisory board.

PJSC “Mirgorodkurort” was established in 2002 and provides sanatorium and resort services. Its structure includes two subsidiaries—“Multisectoral Public Utilities Enterprise” and “Mirgorod Sanatorium and Resort Complex”—as well as the sanatorium branches “Poltava,” “Mirgorod,” “Berezovy Gai,” and “Khorol.” The bed capacity is 800 beds, with an additional 750 seasonal beds.

According to the NSSMC, as of the fourth quarter of 2025, the main shareholder of PJSC “Mirgorodkurort” is PJSC “Ukrprofzdravnitsa” (98.1%).

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Horodok Quarry to Hold Virtual Shareholders’ Meeting on April 3

According to Fixygen, Horodok Quarry (PJSC) will hold its annual general meeting of shareholders on April 3, 2026, in a virtual format.

Shareholders will review the financial statements, operating results, and other matters related to the company’s management.

Quarry companies supply the market with crushed stone, rock, and other non-metallic materials, which form the basis for the construction of roads, housing, and infrastructure facilities. Against the backdrop of Ukraine’s future recovery, companies in this sector may gain additional significance as suppliers of raw materials for the construction sector.

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National Council has suspended broadcast operations of XSport and M1 TV channels due to decline in advertising market

Following a meeting on March 26, the National Council of Ukraine on Television and Radio Broadcasting announced the suspension of terrestrial broadcasting operations for the sports channel “XSport” (Totveld LLC) and the music channel “M1” (Teleodin LLC).

“The media outlet operated 24 hours a day on the MX-3 multi-channel electronic network, DVB-T2 (MPEG-4) standard, nationwide category. The reason for revoking the license is a deterioration in financial condition linked to the ongoing decline in the advertising market,” the regulator commented on the decision regarding “XSport.”

The National Council added that it also revoked the registration of two linear media outlets, “Totveld,” which broadcast without using the radio frequency spectrum under the logos “XSPORT+” and “XSPORT.”

“National category. The media outlet broadcast programs 24/7 on the MX-2 terrestrial multichannel communication network, DVB-T2 (MPEG-4) standard. In its statement, the company cites a significant decline in the advertising market, rising distribution costs, a shrinking audience for terrestrial digital broadcasting, and the economic unfeasibility of maintaining this distribution method,“ according to the regulator’s statement regarding ”M1.”

In turn, the “M1” TV channel explained its decision to cease terrestrial broadcasting on Monday as a transition to a new content distribution model “as part of a strategy to optimize and adapt to current market conditions.”

“The decision to exit the terrestrial digital space is a logical continuation of our policy of efficient resource management. Given the economic situation in the country and the rapid change in viewers’ consumption habits, we are focusing our presence where the audience is most active and loyal,” the statement on its website reads.

It is noted that broadcasting continues in full via OTT platforms and cable networks.

According to the press release, the Ukrainian music channel “M2” already has similar positive experience operating in this distribution format, so it is also continuing its broadcasts via OTT services and cable networks.

“Today we are choosing the path of maximum efficiency. Due to the difficult economic situation in the country and low demand for outdated broadcast formats, we have made a conscious decision to focus on a new broadcasting strategy,“ commented Natela Chkhartishvili-Zatsarinnaya, executive producer of the ”M1“ and ‘M2’ TV channels, noting that this year marks the 25th anniversary of the ”M1” channel.

The National Council also noted that due to the inability to resume broadcasting because of financial and organizational difficulties caused by the full-scale invasion, a number of Kyiv-based companies with 24-hour broadcasting, which operated under the logos “UNIAN TV,” “UNIAN. Dnipro,“ ”UNIAN. Mykolaiv,“ and ”UNIAN. Nikopol.“

XSport is a nationwide multisport channel that began broadcasting on January 22, 2012. It previously aired under the name ”Hockey.”

According to YouControl, the owner of Totveld LLC is Donbas Hockey Club LLC, and the beneficial owner is listed as former Deputy Prime Minister, former Minister of Infrastructure, and Member of Parliament Boris Kolesnikov.

The owner of “Teleodin” LLC is “Ukrainian Youth and Music Channel M1” TV and Radio Company LLC, and the beneficial owners are Mykola Bagraev (74%) and Maksym Pavlenko (25%).

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Guardian Insurance Company has been granted right to insure agricultural products with state support

The Ministry of Economy, Environment, and Agriculture, by order dated March 26, included the insurance company “Guardian” (Kyiv) in the list of insurers authorized to insure agricultural products with state support. This was announced by Taras Vysotsky, Deputy Minister of Economy, Environment, and Agriculture of Ukraine, on Friday while speaking at the “All-Ukrainian National Insurance Conference 2026” in Kyiv.

He noted that he “signed the order to include the company in this list.” Fifteen companies will be able to provide such insurance, the deputy minister added.

The ministry’s website reports that currently, the insurance companies “INGO,” “Universalna,” “VUSO,” “ARKS,” PZU “Ukraine,” and IC “Guardian” are authorized to provide such insurance.

As reported, the 2026 state budget allocates 60 million hryvnias for the first time to support agricultural insurance, for which the Cabinet of Ministers approved relevant amendments to the procedure for providing state support on December 31, 2025.

The government resolution provides for compensation of a portion of paid insurance premiums, specifically up to 60% of the cost of insurance premiums for agricultural producers operating in frontline communities, and up to 45% for other agricultural producers.

To insure agricultural products, an agricultural producer must apply to insurance companies that, in agreement with the National Bank of Ukraine, have been authorized to provide such insurance. A list of these companies is published on the Ministry of Economy’s website.

Agricultural product insurance contracts will be concluded in accordance with a list of standardized insurance products, which, in particular, provide coverage for the area of winter grain crops during the overwintering period, winter grain crops for the entire growing season, and the future grain crop harvest during the spring-summer growing season.

 

“Express Insurance” collected nearly 200 million UAH in insurance premiums in January–February

Insurance Company “Express Insurance” (Kyiv) collected insurance premiums totaling UAH 197.3 million in January-February 2026, which is 8.6% more than in the same period of 2025, according to the insurer’s website. Specifically, premiums under comprehensive auto insurance (CASCO) policies totaled 121.2 million UAH in January-February 2026, an increase of 1.8% compared to the same period last year.

Premiums for MTPL insurance rose by 24.9% to UAH 71 million.

As reported, in January–February 2026, the company paid out UAH 91.7 million in insurance claims, which is 36.5% more than during the same period in 2025.

Under comprehensive auto insurance (CASCO) policies, UAH 65.1 million was paid out in the first two months of 2026, which is 22.8% higher than the figure for the same period last year. Payments under MTPL insurance totaled UAH 25.5 million (+96.4% compared to January–February 2025). For other types of insurance, clients were reimbursed over UAH 1 million.

Express Insurance LLC was founded in 2008 with the participation of the leader of the Ukrainian automotive market—Ukravto Group. The company specializes in auto insurance. It is represented at over 60 sales points throughout Ukraine and is actively expanding its network of partner service stations.

 

Lactic acid producer to hold shareholders’ meeting on April 3

According to Fixygen, the lactic acid plant (PJSC) will hold its annual general meeting of shareholders on April 3, 2026, via remote participation.

The agenda includes the company’s performance results and standard corporate governance matters.

The company operates at the intersection of the chemical and food industries. Lactic acid is widely used in food production, pharmaceuticals, cosmetics, and a number of industrial processes, making such plants part of the country’s broader processing economy.

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