Business news from Ukraine

Business news from Ukraine

TAS Dniprovagonmash incurred losses of UAH 24 mln in nine months, compared to profits last year

TAS Dniprovagonmash LLC (DVM, Kamianske, Dnipropetrovsk region), controlled by the TAS financial and industrial group of businessman Serhiy Tihipko, ended January-September 2025 with a loss of UAH 23.7 million, while for the same period in 2024, net profit amounted to UAH 53.9 million.

According to the company’s published interim financial statements, the company’s net income increased by 16.3% to UAH 1 billion 486.5 million.

The company reduced its gross profit by 32.6% to UAH 92.3 million, incurring a loss of UAH 13.7 million from operating activities, compared to a profit of UAH 67.6 million in January-September 2024.

As reported, in the first half of this year, the company incurred a loss of UAH 39.6 million (a year earlier, it had a net profit of UAH 18.8 million) due to a 29.5% decrease in revenue to UAH 561.2 million.

Thus, TAS Dniprovagonmash ended the third quarter of this year with a net profit of almost UAH 16 million, which is 54.4% less than in the same period last year, while net revenue increased by 92.2% to UAH 925.2 million.

The plant notes that in the third quarter, exports accounted for 38.4% of sales, with rolling stock supplied to Lithuania and Croatia.

According to the report, in the third quarter of this year, the plant produced 159 freight cars (compared to 139 in the same period of 2024), with an average selling price of UAH 2,530,900 (compared to UAH 2,782,800 in the second quarter).

The company does not provide the total number of cars produced in nine months, but based on quarterly data, 542 cars were produced, which is 19% more than in the same period last year (456 cars).

TAS Dniprovagonmash’s share in the total production of freight cars in Ukraine in July-September was 90% (in the first quarter – 25.8%, in the second – 46%), and its main competitors remain the Kryukiv Railway Car Building Works (which did not produce freight cars in the third quarter), the Karpaty Research and Mechanical Plant, and Ukrzaliznytsia enterprises.

The plant’s production capacity was utilized at 25% in the second quarter, and its equipment at 29%.

As of the beginning of October this year, the company employed 708 people.

As reported, TAS Dniprovagonmash, which has the capacity to produce 9,000 railcars per year, increased its sales of freight railcars by 63.7% in 2024 compared to 2023, to 606 units, and production by 59.2%, to 602 units.

Last year, the plant increased its net profit by 31.6% to UAH 62.3 million and its net income by 61.8% to UAH 1 billion 743.7 million.

The TAS Group is one of the largest financial and industrial groups in Ukraine, operating in the banking sector, insurance, railcar manufacturing, metallurgy, logistics, agriculture, food industry, packaging materials production, and real estate.

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Oschadbank increased its net profit by 39%

In the third quarter of 2025, the state-owned Oschadbank received UAH 4.19 billion in net profit, which is 38.6% more than in the same period of 2024, while pre-tax profit increased by 7.1% to UAH 5.69 billion.

According to the bank’s financial statements on its website, net interest income increased by 31.8% to UAH 8.19 billion, while net commission income increased by 25.5% to UAH 2.07 billion.

At the same time, Oschadbank incurred a loss of UAH 0.2 billion from transactions with financial instruments at fair value in the third quarter, compared to a profit of UAH 1.37 billion in the same period of 2024, while foreign currency transactions, as in the previous year, brought in UAH 0.29 billion.

Overall, the bank’s operating income for July-September increased by 17.9% to UAH 11.58 billion, while employee compensation expenses increased by 26.4% to UAH 2.70 billion, and other administrative and operating expenses increased by 35.1% to UAH 2.37 billion.

According to the report, the volume of loans provided to the bank’s customers has grown by 10.2% since the beginning of the year, to UAH 148.16 billion.

It is noted that in the third quarter, the bank continued to grow its loan portfolio in the corporate, SME, and retail segments, in particular within the framework of the “Affordable Loans 5–7–9%” and “єОселя” mortgage lending programs. As of September 30, 2025, the gross value of loans provided under the “єОселя” program amounted to UAH 10.79 billion, compared to UAH 8.57 billion at the end of 2024.

Overall, in the first nine months of 2025, the bank increased its net profit by 17.3% to UAH 13.88 billion, which allowed it to reduce its uncovered loss by 2.5 times to UAH 6.93 billion. As a result, since the beginning of the year, Oschadbank’s equity capital has grown by 28.8% and amounted to UAH 44.6 billion as of September 30, 2025, while total assets during this period increased by 6.6% to UAH 456.73 billion.

According to the NBU, as of September 1, 2025, Oschadbank ranked second among 60 banks in Ukraine with assets of UAH 452.24 billion.

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KEVRZ increased its revenue by 66% and achieved stable profits

Kyiv Electric Locomotive Repair Plant (KEVRZ), part of Ukrzaliznytsia, reported a net profit of UAH 37.1 million in January-September 2025, compared with a loss of UAH 1.5 million in the same period of 2024.

According to the company’s interim financial report published in the NSSMC’s information disclosure system, its net income for the first nine months grew by 66.2% to UAH 1.138 billion.

The plant received UAH 86 million in gross profit compared to UAH 32 million a year earlier, receiving UAH 47.7 million in profit from operating activities compared to UAH 0.86 million.

According to the plant, in the first half of this year, it received almost UAH 19 million in net profit, compared to a loss of UAH 6.2 million in January-June 2024, with net income growing by 41.2% to UAH 692.3 million.

Thus, KEVRZ ended the third quarter of 2025 with a net profit of UAH 18.2 million, almost four times more than in July-September 2024, and net income increased 2.3 times to UAH 445.5 million.

The plant notes that during the reporting period, it sold 36 repaired electric locomotive sections for UAH 1 billion (19 sections in the first half of 2025), 157 wheel sets for UAH 70.2 million, and 309 electric machines for UAH 51.7 million.

KEVRZ was founded in 1868. It specializes in the overhaul of electric trains for Ukrainian railways, the repair of units and assemblies, electric machines, electric motors, and wheel sets, and the manufacture of spare parts.

The plant ended 2024 with a net profit of UAH 16.1 million, which is 31.3% less than in the previous year, with a slight decrease in revenue to UAH 1 billion 268 million. It sold 40 electric sections, 177 wheel sets, 623 traction motors, and auxiliary machines.

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Weekly summary of cryptocurrency market – Fixygen review

Fixygen has prepared a summary of the week (October 27-31) for the cryptocurrency market. For the first time since 2018, Bitcoin ended October with a loss of almost 5%. Ethereum fell 8% over the month, while maintaining an annual growth of about 14%. Activity in altcoin options has risen sharply: traders are increasingly betting on calls for VIRTUAL, AAVE, ADA, and other tokens.

It should be noted that macroeconomics has given a weak impetus to market development: the Federal Reserve has again postponed its forecast for further rate cuts, and delays in economic data due to the shutdown have increased uncertainty.

Risk appetite in the market has declined: after record growth in October to ~$126,000 per Bitcoin, concerns about US-China tariffs and the liquidation of more than $400 billion in cryptocurrency-related positions have returned the market to a state of caution.

Bitcoin retains its status as the “global reserve cryptocurrency,” but volatility is becoming more pronounced: the price broke through the ~$104,000 mark at the beginning of the week, but support remained in the ~$106,000–109,000 range.

Altcoins and options: interest is shifting towards altcoins and derivatives on them. The growth in open interest and the prevalence of call options indicate attempts by market participants to capture momentum in less liquid assets. This could create spikes with strong corrections.

Macro conditions remain the main risk factor: the Fed’s decision, delays in key data, trade friction between the US and China — all this limits the inflow of capital into risky assets, including cryptocurrencies. It also strengthens the correlation between crypto assets and traditional markets.

In the coming weeks, the crypto market may be in a consolidation phase: volatility will remain, but without a clear upward or downward trend until a clear macro signal appears.

If the Fed or another major regulator delivers a positive surprise, a rapid rebound is possible. If the news is negative or absent, another correction to around $100,000 for Bitcoin is possible.

The week of October 27–31 served as a reminder that cryptocurrencies continue to adapt to “big politics” and global economic risks. The market has emerged from record growth at a high price, and now the key words for participants are “careful risk assessment + strategy flexibility.”

Source: https://www.fixygen.ua/news/20251102/pidsumki-tizhnya-na-rinku-kriptovalyut-oglyad-fixygen.html

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Antimonopoly Committee of Ukraine fined three water producers

At its meeting on Friday, the Antimonopoly Committee of Ukraine (AMCU) recognized the actions of Lirans LLC, Torgovy Dom Morshinski Dzherela LLC, and Shayanski Dzherela LLC as violations of the law on protection against unfair competition due to the dissemination of false information about the drinking waters Aqua Baby, Aqua Karpaty, and Shayanska Kremniyeva, the agency’s press service reported.

The AMCU noted that it had initiated proceedings based on complaints from Oskar CJSC, which complained about the actions of its competitors, Lirans LLC and Morshynski Dzherela Trading House LLC. According to the applicant, the companies disseminated false information on product labels, websites, and/or online marketplaces, in particular about the origin of such waters from the Carpathians and/or the Morshyn deposit, about the products’ classification as mineral waters and/or waters intended for baby food, the method of production, consumer properties, and certain characteristics of Aqua Baby and Aqua Karpaty waters.

Liran LLC and Trading House Morshynski Dzherela LLC did not provide evidence to confirm the information about these waters posted in the places of distribution during the consideration of the cases. Therefore, the committee used the information provided by the Western Scientific Center of the National Academy of Sciences of Ukraine and the Ministry of Education and Science of Ukraine.

During its inspection, the AMCU identified violations in the actions of Shayanski Dzherela LLC, which is the producer and distributor of Shayanska Kremniyeva drinking water, positioned as natural mineral table water, as indicated on its label. In addition, the following information about the properties of this water is distributed: “Cares for the brain” with the note “Saturates blood vessels with silicon, makes them more elastic, thereby promoting cognitive recovery.”

Shayanska Dzherela LLC also failed to provide the AMCU with evidence to support the information distributed on the labels of Shayanska Kremniyeva water. At the same time, the State Scientific and Research Institute of Rehabilitation and Resortology of the Ministry of Health of Ukraine reported that Shayanska Kremniyeva water cannot be classified as natural mineral table water, since the institute has not verified the stated properties of this water.

Based on the results of consumer surveys, the AMCU determined that the information disseminated about Shayanska Kremniyeva, Aqua Baby, and Aqua Karpaty water could influence consumers’ intentions to purchase such products.

Liran LLC, Trading House Morshynski Dzherela LLC, and Shayanska Dzherela LLC, in this way, are convinced by the committee, may gain unfair competitive advantages over producers and/or sellers of natural mineral table and drinking waters that are manufactured in compliance with the requirements for the production of baby food products, as well as processed bottled drinking waters.

The AMCU recognized such actions by the companies as a violation of the law on protection against unfair competition, imposed appropriate fines on them, and obliged Torgovy Dom Morshynski Dzherela LLC and Shayanski Dzherela LLC to cease the violations.

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UN is short of more than bln dollars to provide humanitarian aid to Ukraine in 2025

The United Nations is short of more than a billion dollars to provide humanitarian aid to Ukraine in 2025, UN Emergency Relief Coordinator for Ukraine Matthias Schmale said at a briefing in Geneva, Deutsche Welle reports.

He noted that about four million Ukrainian residents received humanitarian aid this year, but funding remains insufficient.

“This year, donors have provided only $1.15 billion, which is 44% of the total amount estimated to be needed for humanitarian aid to Ukraine,” Schmale said.

According to the UN, due to massive Russian strikes, part of Ukraine’s energy, water, and heating systems remain paralyzed, so with winter approaching, the affected regions need urgent support.

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