PJSC “Interpipe Dnipropetrovsk Vtormet” (Dnipro), a subsidiary of the Interpipe Pipe and Wheel Company (PWC), ended 2025 with a loss of UAH 2.821 million, whereas in 2024 it reported a net profit of UAH 65.931 million.
According to information submitted by the company to the NSSMC’s disclosure system, the annual general meeting of shareholders is scheduled to be held on April 15 of this year via a survey (remote general meeting).
Eleven items are on the agenda, including determining the company’s main areas of activity for 2026, reviewing the supervisory board’s reports and the 2025 audit report, and approving the annual financial statements and the procedure for covering losses. In addition, it is planned, in particular, to terminate the powers of the current members of the supervisory board and elect new ones,
According to draft resolutions available to the Interfax-Ukraine agency, shareholders are proposed to define the main areas of the company’s activities in 2026 as increasing the volumes of scrap metal procurement and processing; developing scrap collection capacities; reducing production costs; and maximizing profits from business operations.
It is also proposed to approve the reports for 2025. Given that the company’s financial and operational results for 2025 resulted in a loss of UAH 2.821 million, the procedure for covering losses is to be approved: losses are to be covered in accordance with current legislation.
“Interpipe” is a Ukrainian industrial company and a manufacturer of seamless pipes and railway wheels. The company’s structure includes five industrial assets: “Interpipe Nizhnedneprovsky Pipe Rolling Plant (NTZ),” “Interpipe Novomoskovsky Pipe Plant (NMTZ),” “Interpipe Nico-Tube,” “Dnipropetrovsk Vtormet,” and the electric steelmaking complex ‘Dniprostal’ under the “Interpipe Steel” brand.
The ultimate owner of Interpipe Limited is Ukrainian businessman and philanthropist Viktor Pinchuk and members of his family.
“Interpipe Dnipropetrovsk Vtormet” specializes in the procurement and processing of ferrous metal scrap in the Dnipropetrovsk region, followed by the sale of this product, specifically in the preparation of metal feedstock for steelmaking enterprises. The company’s production facilities have the capacity to process 1.35 million tons of scrap per year. The company has an extensive regional network of procurement and production facilities (Dnipro, Nikopol, Pavlohrad, Zhytomyr, Kyiv, Odesa, Poltava, Vinnytsia, Kharkiv, and Cherkasy).
According to the National Securities and Stock Market Commission (NSSMC) data for the fourth quarter of 2025, Interpipe Limited (Cyprus) owns 98.6699% of the shares of Interpipe Dnipropetrovsk Vtormet PJSC.
The company’s authorized capital is UAH 64.876 million.
PJSC “Vyshnevsky Foundry and Forging Plant” (VLKP, Kyiv region) reported a 3.2% decrease in net profit for 2025 compared to 2024—down to UAH 2.892 million from UAH 2.987 million.
According to VLKS’s announcement in the National Securities and Stock Market Commission (NSSMC) disclosure system regarding the remote general meeting of shareholders to be held on April 27, eight items are on the agenda. In particular, the meeting plans to review the company’s supervisory board’s report on its work in 2025, approve the results of financial and operational activities for the past year, and distribute profits.
Additionally, the meeting will decide on the payment of annual dividends, approve their amount and method of payment, approve significant transactions, terminate the powers of Supervisory Board members, and elect new ones.
Draft resolutions, copies of which are available to the Interfax-Ukraine agency, propose approving the Supervisory Board’s report and the company’s financial and operational results for 2025. Net profit in the amount of UAH 2,891,991 thousand is to be distributed as follows: 75%, amounting to UAH 2,169,049 thousand, is to be allocated for the payment of dividends; 25%, or UAH 722,942 thousand, is to be retained as undistributed profit.
It is proposed to pay dividends based on the results of 2025 and to approve a dividend amount of 1.5133 UAH per share. The method of dividend payment shall be directly to shareholders.
As reported, based on its 2024 results, VLKZ saw its net profit decrease by 35.9% compared to 2023—from UAH 4.663 million to UAH 2.987 million—while the company’s net revenue fell by 25.7% to UAH 68.327 million. Retained earnings as of the end of 2024 amounted to UAH 12.594 million.
PJSC “VLKZ” was founded in 1990 on the basis of the foundry and forging shops of the Artem Kyiv Production Association. It specializes in the production of forged and cast products.
According to the State Registration Service data for the fourth quarter of 2025, resident individual Viktoria Gryshchenko owns 18.5947% of the company’s shares, resident individual Valentina Baeva owns 10.5216%, and JSC “Aviation and Rocket-Technical Engineering Company” holds 51.0001%.
Authorized capital: 358,000 UAH; par value: 0.25 UAH.
Vodafone Ukraine (VFU), Ukraine’s second-largest mobile operator, which has repurchased approximately $22 million worth of its own Eurobonds since late May following several offers related to dividend payments, has announced another similar tender at 98% of par value for a total of $1.18 million.
As noted in a statement on the Irish Stock Exchange, prior to this, on March 2, the company made another monthly dividend payment of UAH 50.866 million, which is equivalent to the monthly cap of EUR 1 million set by the National Bank for such payments.
Applications to participate in the tender are being accepted through March 26, and settlements are scheduled for April 3.
Bonds maturing in February 2027 with a coupon rate of 9.625% per annum were issued for $300 million. Their redemption is related to the fact that on April 24, 2025, VFU announced the accrual of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. In accordance with National Bank restrictions, these dividends will be paid in separate monthly installments. It is expected that each such monthly dividend will amount to a sum in hryvnia equivalent to EUR1 million. The company emphasized that, under the terms of the bond issue, it must in such a case offer all bondholders the opportunity to submit an application to sell their bonds for an amount equal to the dividends paid outside Ukraine.
In the first two tenders, mobile operator “Vodafone Ukraine” repurchased bonds in an amount equivalent to EUR1 million. The initial repurchase was announced at 99% of par value, the second at 90% of par value. The company did not announce the results of the second buyback on the exchange, while the bid-to-cover ratio for the first buyback was 0.0040355668.
According to the results of the third tender, where the buyback price was reduced to 85% of par value and the offer was capped at $4.67 million, “Vodafone Ukraine” received bids totaling $53.395 million and accepted them for $5.208 million. The scale factor was 0.1315451889487317.
The fourth tender was announced on August 13 but was subsequently extended seven times. As a result, the redemption price was increased from 85% to 98%, and the redemption amount to $10.84 million. The company received bids totaling $127.14 million for this amount. Some of the bonds were returned to their holders due to the inability to split the face value, while the remainder were accepted with a scaling factor of 0.1150681.
In the fifth, sixth, and seventh bond buyback tenders in December, January, and February, the price was again 98%: in the fifth tender, with bids totaling $1.165 million, the scaling factor was set at 0.01901; in the sixth, with bids totaling $1.475 million, it was 0.04234; and in the seventh, with bids totaling $1.185 million, it was 0.3246.
Overall, based on the results of the seven tenders, the total nominal value of bonds remaining in circulation is $277.98 million.
As reported, mobile operator VFU increased its net profit by 10.7% to UAH 3.4468 billion and revenue by 13.3% to UAH 19.03 billion in the first nine months of 2025.
The report noted that in 2025, the company received loans from related parties to service and redeem Eurobonds. In February, the parent company Telco Investments B.V. provided $49.59 million for the partial repayment of Eurobond debt. In June, an agreement was signed with Telco Investments for a dollar-denominated credit line in an amount equivalent to 660 million UAH, at 10% per annum, maturing in 2028.
Finally, in July 2025, a loan agreement was signed with the Dutch company Cemin B.V. for $10 million at 10% per annum, with a repayment term no later than the end of 2027, but not before the maturity of the Eurobonds. The funds are credited in tranches to the company’s bank account at a foreign bank and are intended to be used to redeem the bonds that Vodafone Ukraine is issuing in connection with the resumption of dividend payments this year.
The global wheat market has entered the spring season with increased volatility due to geopolitical tensions in the Middle East and fierce competition among key exporters, according to the information and analytical agency “UkrAgroConsult.”
Analysts noted that the Black Sea region remains the main benchmark for global prices, and Ukrainian wheat quotations at ports on CPT terms are currently in the range of $215–222 per ton. Demand from major importers in North Africa and the Middle East remains strong, as evidenced by buyers’ willingness to operate at current price levels even during periods of geopolitical uncertainty.
At the same time, in EU countries, large carryover grain stocks and weaker export rates continue to put pressure on domestic prices. Against this backdrop, logistics costs and energy prices are playing an increasingly significant role in shaping the global market, as they directly determine suppliers’ competitiveness and the overall economics of production.
Among the key trends of the season, UkrAgroConsult highlighted the formation of a new structure of global trade under the influence of geopolitical factors. Analysts predict that increased investor interest in commodity assets and changes in traditional logistics routes will be decisive for price dynamics in the short term.
Construction has begun on the Tera Hall shopping and entertainment center (Chernivtsi, 236 Ruska St.), with its opening scheduled for the third quarter of 2028, according to the press service of the consulting firm Retail & Development Advisor (RDA), which serves as the exclusive broker for the shopping center.
According to RDA CEO Andriy Lototsky, the total area of the four-story complex will be 16,150 square meters, with 11,600 square meters dedicated to retail. The shopping center’s anchor tenants will be the Silpo supermarket and the Kraina Mriy children’s entertainment center. Other retail chains will include stores selling clothing and footwear, home goods, household appliances, jewelry, books and stationery, as well as impulse-buy items and service providers. According to him, the project’s target audience will be families with children, motorists, and active young people aged 20–40, and the estimated projected traffic for the shopping center will be approximately 10,000 visitors per day on weekdays and 13,000–14,000 on weekends.
As Tera Hall Director Svitlana Gomeniuk clarified, the permit for the construction of the shopping center was obtained in January 2026, after which preparatory work began on the site. By the end of this year, the developer plans to complete the monolithic and main structural work.
“It is of fundamental importance to us that the complex complies with modern building codes, safety standards, and energy efficiency requirements. Solar panels are planned for its roof, which will ensure autonomous power supply, and heating will be provided by its own gas boiler room,” Gomenyuk said.
The preliminary design of the complex was developed in collaboration with the architectural firm Guess Line Arch. As part of the project, the developer will also build a large parking lot with 240 spaces; in case of air raid alerts, the shopping center will feature a shelter designed to accommodate 1,500 people.
Retail & Development Advisor is a Ukrainian consulting company that provides a full range of services in the field of retail and office real estate. It offers services in architectural concept development, brokerage, property management, outsourcing of shopping center development/leasing departments, market analytics, and more.
CHERNIVTSI, CONSTRUCTION, Kraina Mriy, SHOPPING MALL, Tera Hall, СИЛЬПО
Kyivstar, Ukraine’s largest mobile operator, has acquired the regional internet provider Shtorm LLC (Shtorm) in the Kirovohrad region, which serves over 50,000 subscribers, for 420 million UAH, announced Kyivstar CEO and President Oleksandr Komarov.
“This acquisition brings over 50,000 new broadband customers in 130 municipalities into the Kyivstar ecosystem, supporting our strategy to expand our broadband network,” he said during a conference call regarding the company’s annual report on Friday.
“In the fixed broadband market, we aim to strengthen the group’s leadership through organic growth and acquisitions,” Komarov emphasized regarding the company’s future development strategy.
He noted that cross-selling and synergies are at the core of Kyivstar’s digital growth strategy. According to him, for example, in the fourth quarter, the share of broadband customers subscribed to Kyivstar TV grew by more than 3 percentage points (pp) to 48%.
“We attribute this growth to effective marketing and the increasing appeal of our content library, including programs unavailable elsewhere in Ukraine,” Komarov noted.
He noted that the number of multi-service customers (including customers who use at least one digital application in addition to voice and data services) grew by 18% year-over-year in the fourth quarter of 2025, reaching 7.3 million, or 35% of the active customer base in a single month, which is nearly 6 percentage points higher than a year earlier.
“The multi-service segment is driving growth thanks to stronger customer engagement, higher data consumption, and improved customer retention. They (such customers) also generate a higher ARPU—$5.20 per month for our services, which is 37% higher than the average for a mobile customer,” noted the company’s president.
Kyivstar announced the acquisition of Shtorm in late February. At the time, it was noted that this provider offers coverage in the Kirovohrad region, covering the cities of Kropyvnytskyi, Oleksandriia, and 132 surrounding settlements. The press release did not include information on the purchase price of the provider.
According to data from YouControl, the revenue of Isp Storm LLC for the first nine months of 2025 increased 4.7-fold compared to the first nine months of 2024—to 94.86 million UAH—while net profit jumped 17-fold—to 30.39 million UAH.
The beneficiaries of the company, which has a registered capital of 4.5 million UAH, were Vitaliy Oliynyk and Yulia Makarenko on an equal basis.
Kyivstar emphasized that the deal preserves the provider’s workforce of more than 100 employees, including engineers, designers, and customer service specialists, who will continue to be responsible for network maintenance and subscriber support in the region.
In August of last year, Kyivstar first announced the $2 million acquisition in September 2024 of LanTrace (Boryspil)—a regional provider of fixed broadband internet access in the Kyiv region.
As reported, Kyivstar served 22.4 million mobile subscribers and 1.2 million “Home Internet” subscribers as of the end of 2025. In 2025, the company increased its EBITDA by 30% to 27 billion UAH, with revenue growing by 30.3% to 48.2 billion UAH; including in the fourth quarter of last year, when EBITDA increased by 23.1% to UAH 7.2 billion, with revenue growing by 30.1% to UAH 13.5 billion.
