Business news from Ukraine

Business news from Ukraine

“Express Insurance” Increased Premium Income by 21% in February

Insurance Company “Express Insurance” (Kyiv) collected insurance premiums totaling 95.6 million UAH in February 2026, which is 21% more than in the same period of 2025, according to the insurer’s website.

Specifically, premiums under comprehensive auto insurance policies in February totaled 62.6 million UAH, which is 9% higher than in February 2025.

Premiums under mandatory auto liability insurance reached 31.2 million UAH (+66.8%), while 1.8 million UAH was collected from other types of insurance.

As reported, in February 2026, the company paid out UAH 50.3 million in insurance claims, which is 53.6% more than in the same period of 2025.

Under comprehensive auto insurance policies, customers were reimbursed UAH 39.3 million, which is 50.9% higher than in the same period last year. Payments under MTPL insurance totaled 10.3 million UAH (+66.8% compared to February 2025). Under other types of insurance, customers were reimbursed 657,400 UAH, which is 34% more than last year.

Express Insurance was founded in 2008 and is part of the UkrAVTO group of companies. It specializes in auto insurance. The company maintains a consistently high claims settlement rate through optimal cooperation with partner service stations.

 

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“Mlybor” plans to offset its 2025 losses using retained earnings

PJSC “Mlybor” (Chernihiv), a subsidiary of the IMC agricultural holding, plans to offset its 2025 losses using retained earnings and not to pay dividends, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the draft decision of the annual general meeting scheduled for April 3, 2026, shareholders will also consider the issue of preliminary approval of significant transactions in the amount of up to $100 million for a period of one year.

As stated in the meeting agenda, this involves obtaining loans and banking products from Raiffeisen Bank JSC with a limit of up to UAH 500 million and extending the existing collateral to cover the updated financing terms, valid until September 2029. At the same time, the total limit under the general agreement is set at the equivalent of $11.5 million.

The company plans to extend the existing mortgage and pledge on the obligations of Chernihiv Industrial Dairy Company LLC and Agroprogress Private Enterprise to Raiffeisen Bank.

In addition, the meeting intends to approve the reports of the supervisory board and the executive body for 2025, as well as the external audit findings and the company’s annual report. Shareholders will consider the approval of related-party transactions that may be conducted during the year in an amount exceeding 1% of the value of assets, and will approve transactions conducted between April 2025 and April 2026.

Shareholders are also being asked to terminate the powers of the current members of the supervisory board effective April 15, 2026, and to elect new members through cumulative voting. No remuneration will be paid to board members, and the terms of their contracts will be approved at the meeting.

According to data from the Opendatabot service, Mlybor PJSC’s revenue in 2025 increased by 39.3%—to UAH 85.54 million compared to UAH 61.41 million in 2024. The company’s net loss amounted to UAH 44.00 million, compared to a loss of UAH 33.99 million a year earlier. As of the end of the reporting period, the company’s assets were valued at 331.85 million UAH, and total liabilities at 155.16 million UAH. The profitability ratio stood at “minus” 51.44%.

Mlybor PJSC is one of the key elevators of the IMC group, located in Chernihiv. It has the capacity to simultaneously store 102,000 tons of grain (wheat, corn, sunflower) and two grain dryers with a capacity of 3,500 tons/day. The beneficiary of the company is Oleksandr Petrov.

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Kyivstar increased EBITDA by 30% and revenue by 30.3% in 2025

Kyivstar, Ukraine’s largest mobile operator, increased its EBITDA in 2025 by 30% to UAH 27 billion, which is a 25.8% increase in US dollars to $648 million, according to the company’s annual report on Friday.

“We continue to invest in Ukraine’s digital future, maintaining our market leadership and executing our long-term strategy as a digital operator,” Kyivstar CEO and President Alexander Komarov said in the document.

According to the Kyivstar Group Ltd report, the company increased its revenue in 2025 by 30.3% compared to 2024, to UAH 48.2 billion, and in dollars, the growth was 25.9%, to $1.157 billion.

Adjusted net income for 2025 increased by 1.1% to $286 million (in hryvnia, the growth was 3.9%), and earnings per share were $1.32.

At the same time, unadjusted net profit decreased by 56.2% to $124 million (by 54.7% in hryvnia), earnings per share to $0.57, and the difference with the adjusted figures was due to non-cash expenses of $162 million related to the listing of Kyivstar in the third quarter of 2025.

The company specified that in the fourth quarter of last year, it increased EBITDA by 23.1% to UAH 7.2 billion, with revenue growing by 30.1% to UAH 13.5 billion, while in dollars, EBITDA grew by 21.7% to $172 million, and revenue grew by 28.4% to $321 million.

Net profit in the fourth quarter of 2025 decreased by 3.2% to $90 million (by 2.2% in hryvnia).

According to the report, Kyivstar increased its net cash flow from operating activities by 29.8% to $558 million (34.2% in hryvnia) last year, and its capital investments amounted to $351 million, including $128 million in the fourth quarter.

It is noted that revenue from digital platforms in 2025 increased 4.9 times to UAH 5.2 billion, and in dollars, this growth was 4.7 times to $124 million, reaching 10.7% in the revenue structure.

In particular, in the fourth quarter of 2025, revenue from digital platforms jumped 6.4 times to UAH 2.1 billion, or 6.1 times in dollars to $50 million, reaching 15.7% of total revenue.

The number of Kyivstar multiplay customers grew by 18% last year to 7.3 million, or 35% of the number of active mobile customers during one month, while the total number of mobile subscribers decreased from 23 million to 22 million, and the number of fixed-line subscribers increased from 1.1 million to 1.2 million.

At the same time, ARPU for the past year increased by 19.3% to $3.6 (by 23.5% in hryvnia).

The report also states that the total number of monthly active digital users reached 15 million by the end of 2025 (13.5 million in the third quarter). In particular, Uklon had 3.8 million users (3.6 million), Helsi had 2.5 million (2.5 million), KyivstarTV had 2.5 million (2.1 million), and MyKyivstar had 6.2 million (5.2 million).

The online taxi service Uklon, which was consolidated into Kyivstar’s financial statements in April 2025, generated UAH 3.4 billion or $80.2 million in revenue last year, with EBITDA of UAH 1.1 billion or $27.6 million.

In the fourth quarter of 2025, Uklon generated revenue of UAH 1.4 billion or $33.7 million, with EBITDA of UAH 386 million or $9.2 million.

The number of Uklon trips in 2025 amounted to 166.6 million, deliveries – 4.7 million, including 43.6 million and 1.3 million in the fourth quarter.

It is noted that KyivstarTV generated revenue of UAH 351 million, or $8.4 million, in the fourth quarter of 2025, with the number of user sessions increasing by 25.4% to 891 million, and the time spent per user per active day increasing by 6.9% to 257 million.

The Helsi medical information system increased its revenue in the fourth quarter of 2025 by UAH 95 million, or $2.3 million. The number of active specialists and doctors in the program increased by 7.5% to more than 42,000, healthcare facilities by 4% to more than 1,700, appointments made by patients through the platform reached 2.4 million, and the number of solvent customers exceeded 57,000.

In the fourth quarter of 2025, Kyivstar’s big data and cloud services generated UAH 250 million in revenue, up 66.5% from the previous year. The report states that the growth was driven by large-scale products and solutions for big data analytics, advertising technologies (AdTech), cloud productivity and collaboration services, as well as API-based connectivity and data exchange services.

Kyivstar Cloud introduced a range of services enhanced with practical applications of artificial intelligence (AI), as well as an additional service that provides expert advice on adapting AI-based solutions to specific business needs.

The company specified that the number of registered customers of the AdTech Adwisor self-service platform increased from over 3,500 at the end of the third quarter of 2025 to over 3,800 at the end of the year.

Kyivstar expects revenue growth of 15%-18% and EBITDA growth of 12%-15% in hryvnia in 2026, while in dollars – 8%-11% and 5%-8%, respectively.

Capital expenditure intensity for 2026 is expected to be 23%-26% of revenue, compared to 30.3% in 2025.

The company recalled that in February it acquired Tabletki.ua, a leading Ukrainian online platform for the sale of medicines and medical products, for $160 million, and the internet provider Shtorm.

VEON, the majority shareholder of the Kyivstar group, and some other shareholders sold 14.375 million shares at a price of $10.5 per share for a total of $150.9 million as part of a secondary public offering (SPO). As a result, VEON’s stake in Kyivstar decreased from 89.6% to 83.6% following the SPO.

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France’s TotalEnergies has halted production in Qatar, Iraq, and UAE

France’s TotalEnergies has announced that it has halted or is in the process of halting production in Qatar, Iraq, and offshore assets in the UAE. According to the company’s estimates, these assets account for about 15% of its total production. This is stated in TotalEnergies’ statement on its investor page.

The company clarified that onshore production in the UAE is not affected by the conflict. Its volume is about 210,000 barrels of oil equivalent per day in TotalEnergies’ share. At the same time, 15% of the volume in the Middle East accounts for about 10% of the upstream segment’s cash flow, as local assets are subject to higher taxes and generate less cash flow per barrel than the group’s portfolio average.

The company also said that rising oil prices could compensate for the decline in volumes. According to TotalEnergies’ estimates, an $8 per barrel increase in the price of Brent is enough to offset the expected 2026 cash flow from assets in Iraq, Qatar, and offshore UAE at a price of $60 per barrel. At the same time, operations at the SATORP oil refinery in Saudi Arabia continue as usual and supply the kingdom’s domestic market.

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Price of slaughter pigs rose by 2.9% to UAH 73.25/kg

The weighted average price of slaughter pigs rose by 2.9% over the week and settled at UAH 73.25/kg, according to the Ukrainian Pig Farmers Association (ASU).

The industry association noted that most purchase prices this week fluctuated between 73 and 74 UAH/kg. At the same time, the regional discrepancy in average indicators is currently minimal and does not exceed 1 UAH/kg.

According to market operators’ forecasts, a further increase in price to 75 UAH/kg is expected at the next auction.

“Signs of further positive dynamics include a further increase in chicken prices, as well as a gradual recovery in pork prices in EU countries. In addition, Easter coming earlier this year and improved weather conditions should contribute to a revival of market activity in the near future,” analysts explained.

At the same time, according to ASU, meat processing companies report sluggish trade and high competition for buyers, forcing some producers to lower prices to stimulate sales.

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Ukraine reduced its consumption of rolled metal products by 11% at beginning of 2026

In January-February of this year, Ukrainian enterprises reduced their consumption of rolled metal products by 11.01% compared to the same period last year, to 495,500 tons.

According to a press release from the Ukrmetallurgprom association on Thursday, 246,900 tons, or 49.83% of the domestic market for rolled metal consumption, were imported during this period.

According to Ukrmetallurgprom, in January-February 2026, metallurgical enterprises produced 796.7 thousand tons of rolled metal (83.2% compared to the same period in 2025), of which, according to the State Customs Service of Ukraine, about 548.1 thousand tons, or 68.8%, were exported. In January-February 2025, the share of exports was 63.5% (607.6 thousand tons with a total production of rolled metal products of 957.0 thousand tons).

The share of semi-finished products in export deliveries in January-February 2026 is 33.90%, which coincides with the indicator for the two months of 2025 (33.21%). The share of flat products in export deliveries in January-February 2026 significantly exceeds the figure for January-February 2025 (58.58% and 47.78%, respectively). The share of long products is significantly lower than in January-February 2025 (7.52% in 2026 versus 19.01% in 2025).

The structure of imports in January-February 2026 is characterized by a noticeable dominance of flat products over long products (53.54% and 30.21%, respectively), However, in January-February 2025, the dominance of flat rolled products over long products was significantly greater (82.55% and 14.42%, respectively).

In January-February 2026, the domestic market capacity was 495.5 thousand tons of rolled metal, of which 246.9 thousand tons, or 49.83%, were imports. In January-February 2025, the domestic market capacity was 556.8 thousand tons, of which 207.4 thousand tons, or 37.25%, were imported. Thus, in January-February 2026, there was an 11.01% decrease in the capacity of the domestic market compared to January 2025, with a simultaneous 12.58% increase in the share of imports,” the press release states.

According to the State Customs Service, the main export markets for Ukrainian rolled metal in January-February 2026 are the countries of the European Union (75.8%), other European countries (12.7%), and the CIS (6.4%).

Among metallurgical importers in January-February 2026, other European countries ranked first (44.9%), followed by Asian countries (24.6%) and the EU-27 countries (17.3%).

As reported, Ukraine’s rolled metal market in 2025 increased by 21.73% compared to the previous year, to 4 million 1.6 thousand tons. During this period, 1 million 603.6 thousand tons were imported, or 40.07% of the domestic rolled metal consumption market.

In 2024, Ukraine’s rolled metal market decreased by 6.26% compared to the previous year, to 3 million 288.4 thousand tons, while in 2023 it increased 2.19 times compared to 2022, to 3 million 505.6 thousand tons.

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