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.”
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.
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.
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.
Dubai has abolished the minimum property value requirement for obtaining a two-year investor residency visa. Previously, buyers were required to own a property worth at least 750,000 dirhams, or approximately $204,000.
The new rules apply to the two-year renewable visa for property owners, which is processed through the Dubai Land Department and its Cube Centre. Now, an individual owner can apply for such a residence visa regardless of the property’s value, provided the property is registered in their name and all other documentation requirements are met.
For joint ownership, the minimum threshold remains, but in a different form: each co-owner must hold a share worth at least 400,000 dirhams. This means that the relaxation is primarily intended for buyers who register the property under a single owner.
Removing the threshold makes residency status more accessible to buyers of small apartments and studios, which previously might not have met the minimum value requirement. For Dubai’s real estate market, this could boost demand in more affordable segments, especially among foreigners who view a purchase not only as an investment but also as a way to obtain legal residency status in the UAE.
However, this change does not apply to the 10-year Golden Visa. For the “Golden Visa” obtained through real estate, a separate investment threshold remains in effect—typically starting at 2 million dirhams. Therefore, the new measure specifically broadens the entry point into the residency market but does not replace long-term programs for major investors.
For buyers, what remains important is not only the fact of owning real estate, but also the legal soundness of the property, registration of ownership rights, compliance with Dubai Land Department requirements, and the willingness to cover associated costs for visa processing, Emirates ID, and health insurance.
Dubai remains one of the most active real estate markets in the Middle East. Demand is supported by the influx of foreign residents, growth in business activity, the UAE’s tax appeal, and its developed infrastructure. The removal of the minimum threshold for a two-year residency permit may further expand the pool of buyers for whom purchasing real estate in the emirate becomes a way not only to invest but also to establish a foothold in the country.
