Business news from Ukraine

Business news from Ukraine

“Alumash” May Allocate Over 72% of Its Annual Profit to Dividends

PJSC “Dniprovsky Plant ”Alumash,” a manufacturer of aluminum profiles, intends to allocate UAH 10 million of its net profit for 2025 to dividends.

According to information submitted by the company to the NSSMC’s disclosure system, this matter has been added to the agenda of the annual general meeting of shareholders scheduled for June 9 of this year.

It is proposed to distribute the profit earned from the company’s financial and operational activities in 2025, amounting to UAH 13,730,408, as follows: dividend fund – UAH 10,132,000, which constitutes 72.84% of the company’s profit earned in 2025. To retain UAH 3,729,088 in profit (27.16% of the profit earned).

It is also proposed to approve the conclusions of the audit report by the audit firm Garant-Audit LLC, draw conclusions, and approve measures based on the results of the review of the audit report.

The draft resolutions, copies of which are available at the Interfax-Ukraine agency, propose paying dividends to the company’s shareholders at a rate of UAH 6,440 per ordinary registered share of the private joint-stock company. Approve the resolution on the payment of dividends for 2025 in the total amount of UAH 10 million. The dividend payment period begins on July 1 and ends on December 8, 2026, inclusive. Dividends will be paid directly to shareholders.

PJSC “Dniprovsky Plant ”Alumash” was registered in July 1997. It manufactures aluminum profiles using Italian equipment, including general-purpose profiles and TECNO building profile systems under license from the Italian company S.L.L. SPA.

According to data from the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2024, the company’s CEO, Oleksandr Danchenko, owns 6.5035% of the company’s shares; his father, Oleg Danchenko, owns 28.3323%; Mykhailo Senektutov holds 19.253%, Ivan Sosnovsky holds 14.295%, and Igor Levin holds 14.231%.

At the same time, the company’s 2024 report lists four individuals (without disclosing their full names) as major shareholders, holding stakes of 34.836%, 19.253%, 14.295%, and 14.231%, respectively.

The authorized capital of the private joint-stock company is UAH 19.95 million.

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Population forecast for Ukraine in 2030-2100

Population forecast for Ukraine in 2030-2100

 

Hydrosila JSC ended 2025 with net profit of UAH 0.38 mln

JSC “Hydrosila,” a leading Ukrainian manufacturer of gear pumps and hydraulic motors, ended 2025 with a net profit of UAH 0.38 million, whereas in 2024, the loss amounted to nearly UAH 16 million.

According to the company’s annual report in the NSSMC’s disclosure system, its net revenue decreased by 8.8% to UAH 346.4 million.

The company’s gross profit exceeded the 2024 figure by 46.3%—reaching UAH 47.3 million—while the company incurred a loss of UAH 0.19 million from operating activities (compared to nearly UAH 22 million in 2024).

The report notes that approximately 65% of sales are exported, with priority given to markets in the European Union, Southeast Asia, and South America.

“The company’s strategy in 2025 was to maintain its market share, supply the market with products in demand by both regular and new customers amid martial law. The company’s operations are somewhat affected by seasonal factors—work volume increases during the spring and summer,” the report states.

The company’s products (pumps) are designed to deliver working fluids (mineral oils) to the hydraulic systems of cars and buses, control drives for agricultural and industrial tractors, self-propelled agricultural machinery, road, municipal, and other vehicles, excavators, bulldozers, dump trucks, and telescopic loaders, as well as for large-capacity hydraulic drives for general industrial use.

The average headcount at “Hydrosila” in 2025 was 327 employees.

The company notes that the payroll in 2025 decreased by 17.7%, which is attributed to “Russia’s full-scale aggression, the mobilization of the company’s employees into the ranks of the Armed Forces of Ukraine, and the reduced working hours of the company’s employees under the conditions of the imposed martial law.”

JSC “Hydrosila” is part of businessman Pavel Shtutman’s “Hydrosila Group.”

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“Forests of Ukraine” ranked among top three largest contributors of dividends to state budget

According to the results of 2025, the state-owned enterprise “Forests of Ukraine” ranked among the top three contributors to the state budget with UAH 5.9 billion in accrued dividends, more than four times the level of 2024 (UAH 1.3 billion), the state-owned enterprise’s press service reported on Facebook.

According to the report, the leaders in terms of accrued dividends were also JSC “NAEK ‘Energoatom’ (UAH 9.3 billion) and PJSC ”Ukrhydroenergo” (UAH 6.3 billion).

As noted with reference to the Ministry of Economy, Environment, and Agriculture of Ukraine, the growth in these figures was driven by systemic changes: the open sale of forest products, the transition to procurement through Prozorro, the divestment of non-core business areas, and cost optimization.

According to the company, in January–March 2026, the volume of timber harvesting increased to nearly 3 million cubic meters, which is 50% more compared to the same period in 2023. Net revenue for the reporting period rose by 87% to UAH 8.6 billion, while pre-tax profit increased by 273% to UAH 3 billion. The return on operations for the quarter reached 34.9%.

Tax payments by the state-owned enterprise “Forests of Ukraine” in the first quarter of 2026 increased by 166% compared to the first quarter of 2023, reaching UAH 4 billion.

As of early May 2026, the enterprise had increased timber harvesting by 560,000 cubic meters compared to last year’s figures. The state-owned enterprise’s share of the country’s total timber harvest rose from 83% to 88%.

State Enterprise “Forests of Ukraine” has now launched a modernization program to transition to mechanized timber harvesting. Last week, the first contract for the supply of harvesters from Sweden was signed. The program also includes the renewal of the firefighting equipment fleet and the operation of a modern seed center.

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“Zaporizhkox” maintained coke production at last year’s level in January–April

PJSC Zaporizhkox, one of Ukraine’s largest producers of coke and coke-chemical products and a member of the Metinvest Group, maintained blast furnace coke production in January–April of this year at the same level as the first four months of last year—281,800 tons.

According to the company, 75,000 tons of coke were produced in April, compared to 77,500 tons in the previous month.

As reported, Zaporizhkox increased its output by 2.7% in 2025 compared to 2024—to 898,300 tons, while in 2024, output increased by 2.1% to 874,700 tons from 856,800 tons in 2023.

Zaporizhkox possesses a full technological cycle for the processing of coke-chemical products.

Metinvest is a vertically integrated mining group. Its main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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Metinvest’s tax payments in Ukraine totaled 4.3 bln hryvnia in January–March

The mining and metallurgical group Metinvest, including its associated companies and joint ventures, paid UAH 4.3 billion to budgets at all levels in Ukraine in January-March of this year, compared to UAH 4.4 billion for the same period in 2025.

According to the company’s press release on Monday, the top three categories by volume of payments were subsoil use fees, amounting to 1.2 billion UAH; the unified social contribution, totaling 823 million UAH; and 727 million UAH in personal income tax.

In addition, Metinvest’s Ukrainian enterprises paid UAH 351 million in corporate income tax, UAH 328 million in land use fees, UAH 331 million in value-added tax, and UAH 207 million in military tax during January–March 2026. At the same time, the environmental tax increased by 15% compared to the first quarter of 2025, reaching UAH 190 million.

As reported, in 2025, Metinvest paid UAH 18.7 billion in taxes and levies to budgets at all levels in Ukraine. In total, over more than four years of full-scale invasion, including the first quarter of 2026, the group has contributed approximately UAH 78 billion to support the country’s economy.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in the European Union, the United Kingdom, and the United States. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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