Business news from Ukraine

Business news from Ukraine

Korosten Chemical Machinery Plant PJSC is convening its annual shareholders’ meeting on April 30

According to Fixygen, Korosten Chemical Machinery Plant JSC (“Khimmash,” Zhytomyr Oblast) ended 2025 with a net profit of UAH 2.756 million, which is 34.6% less than the corresponding figure for 2024, which stood at UAH 4.22 million, according to information included in the agenda of the general meeting of shareholders on the results of 2025.

According to the draft resolutions for the meeting scheduled for April 30, published on the company’s website, it is planned to allocate 5% of net profit, or UAH 0.138 million, to the company’s reserve fund, while UAH 2.618 million will be used to cover losses from previous years. Shareholders also plan to approve the results of the company’s financial and operational activities for the past year.

According to OpenDataBot, PJSC “Khimmash” reported revenue of UAH 166.348 million in 2025, which is 0.35% less than in 2024, when this figure stood at UAH 166.94 million. The company’s assets as of the end of 2025 were valued at UAH 321.321 million, and its liabilities at UAH 165.871 million. The service also notes that the company is registered in Korosten, Zhytomyr Oblast; its authorized capital is UAH 26.895 million; the director is Viktor Ruban; and its primary NACE code is the manufacture of industrial refrigeration and ventilation equipment.

Founded in 1949, the Khimmash plant specializes in the manufacture of, among other things, heat exchangers, condensers, refrigerators, and evaporators for the oil refining, petrochemical, and chemical industries, as well as air-cooling units, refrigeration and cryogenic equipment, and heating boilers.
According to information on the company’s website, in 2025 the plant maintained production volumes at the 2024 level and established a renewable energy portfolio with a total capacity of 1 MW.

As reported, in the fall of 2024 the company launched the second phase of its own solar power plant. Two substations with a total capacity of 420 kW made it possible to fully power the company’s production cycle.

According to the NSSMC, as of the fourth quarter of 2025, more than 98% of the authorized capital of JSC “Khimmash” belongs to the local LLC “Tis-Company.” The company’s ownership structure, published on Khimmash’s website in December 2025, lists Motrona Tishchenko as the person exercising indirect decisive influence over the company.

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PrivatBank’s Net Profit Falls by 24.3%

State-owned PrivatBank (Kyiv) reported a net profit of 12.8 billion hryvnias for January–March 2026, which is 24.3%, or 4.1 billion hryvnias, less than in the same period of 2025, the bank announced on its website.

It is noted that the bank’s pre-tax profit for the first quarter of 2026 amounted to UAH 25.9 billion, which is 17%, or UAH 3.8 billion, more than a year earlier.

In the first quarter of this year, PrivatBank paid UAH 44.1 billion in taxes, of which UAH 42.1 billion was income tax for the fourth quarter of 2025.

Customer deposits as of the end of the first quarter of 2026 increased by 19%, or UAH 111.6 billion, compared to the same period last year—to UAH 724.4 billion.

The bank’s net loan portfolio grew by 44%, or UAH 52.2 billion, year-over-year, and by 8.8%, or UAH 13.7 billion, compared to the beginning of 2026—reaching UAH 170 billion.

The number of active Privat24 users increased by 2% over the year—to 13.7 million—and the number of active business clients by 4%, to 952,000, while the number of active individual clients stood at 18 million.

According to the bank’s data, in the first quarter of 2026, the bank allocated UAH 130.26 million to charity.

The bank’s infrastructure includes 7,400 ATMs and nearly 9,900 TCOs, while the number of POS terminals as of April 1, 2026, exceeded 345,000.

PrivatBank is Ukraine’s largest state-owned bank. According to the National Bank, the financial institution’s total assets as of March 1, 2026, amounted to 963.77 billion UAH (23.0% of the total).

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Nikopol Plant of Technological Equipment Increased Its Profit to 25.1 Mln UAH

PJSC “Nikopol Plant of Technological Equipment” (NZTO, Dnipropetrovsk region) increased its net profit by 56.3% in 2025 compared to 2024—to UAH 25.068 million from UAH 16.037 million.

According to the company’s annual report, net revenue for the past year reached UAH 1.081439 billion, compared to UAH 589.268 million in 2024.

Retained earnings as of the end of 2025 amounted to UAH 91.761 million.

As reported in NZTO’s 2024 annual report, the average headcount of full-time employees was 198. Net profit for 2024 amounted to UAH 16.037 million, for 2023 – UAH 24.558 million, and net revenue – UAH 589.268 million (UAH 415.235 million).

The shareholders intend to transform NZTO from a private joint-stock company into a limited liability company.

Private Joint-Stock Company “NZTO” was established on the basis of the tooling complex of the Pivdentrub Plant in November 2001. The company combines metal forming (forging), foundry production, machining, and heat treatment.

PJSC “Nikopol Plant of Technological Equipment” is engaged in the production of tools and metal structures, as well as the processing of metal waste and scrap.

According to the National Securities and Stock Market Commission (NSSMC) data for the fourth quarter of 2025, LLC “VKP ‘YUVIS’ (Dnipropetrovsk region) owns 24.9840% of PJSC ”NZTO,” Wolbert Company Limited (Cyprus) owns 24.99%, PrJSC “Centravis Production Ukraine” and LLC “Interpipe Nico-Tube” each hold 25.01% of the shares.

The PrJSC’s authorized capital is 16,605,400 UAH, and the par value of one share is 1 UAH.

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“Ukrenergomashiny” plans to allocate 60 mln hryvnias toward production modernization in 2026

In 2026, JSC “Ukrenergomashiny” plans to invest approximately 60 million UAH in production development, specifically for the purchase of new equipment, major repairs and modernization of existing equipment, and the provision of technological equipment for workplaces.

“The total planned capital investment for 2026 amounts to UAH 60 million. Funding will be provided from the company’s own funds,” according to the company’s 2025 financial report published in the disclosure system of the National Securities and Stock Market Commission.

In particular, it is planned to allocate UAH 33.5 million in investments to improve the technical level of mechanical assembly, metallurgical, and welding operations, installation work, and equipment modernization; UAH 12.4 million toward the development of auxiliary production and laboratory facilities, office equipment, and tools, and UAH 14 million toward design, research, development, and technological work.

As reported, in 2025, Ukrenergomashiny increased its net revenue by nearly 33% compared to 2024—to 1.06 billion UAH—and its net profit by 3.5 times, to 3.07 million UAH.

According to the report, exports accounted for 70.7% (nearly UAH 770 million), including shipments to Kazakhstan, India, Armenia, Bulgaria, and Hungary.

Last year, in particular, a steam turbine was delivered for the Aksu TPP and power equipment for the Ekibastuz Thermal Power Plant (Kazakhstan), a set of power equipment for the Kozloduy NPP (Bulgaria) and the Armenian NPP, and sets of power (turbine) equipment for the Bandel TPP (India).

Domestic customers were supplied with equipment for the Khmelnytskyi, Rivne, and South Ukraine NPPs, as well as the Dobrotvor, Trypillya, Zmiiv, Kryvyi Rih, Burshtyn, and Darnytsia TPPs, and the Kremenchuk HPP.

Motor equipment was supplied, in particular, to Tatra-Yug LLC (83 traction electric motors), the Kryukiv Electric Locomotive Plant (18 induction generators), and Ukrzaliznytsia (41 induction generators).

JSC “Ukrenergomashiny” (formerly JSC ‘Turboatom’ and “Elektrovazhmash”) is Ukraine’s sole manufacturer of turbine equipment for hydroelectric, thermal, and nuclear power plants. It also manufactures, in particular, electric motors for rail and urban transport (the “Elektrovazhmash” product line).

As of early 2026, the company employed 2,169 people.

At the same time, the report notes that, in accordance with orders from the CEO, under martial law conditions—taking into account the state of production, its supply of material and energy resources, and with the aim of rationally utilizing working hours and financial resources—a part-time work schedule has been established for the company’s employees.

“Employees of JSC ‘Ukrenergomashiny’ work according to schedules based on the company’s needs,” the document states.

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Number of dead and wounded civilians in Ukraine from 24.02.2022 till 30.09.2025 un data

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 30.09.2025 un data

“Ukrgazvydobuvannya” paid 5.4 bln hryvnias in royalties in first quarter of 2026

JSC “Ukrgazvydobuvannya,” part of the “Naftogaz” group, contributed UAH 5.4 billion in royalty payments to the country’s consolidated budget based on its operations in January–March 2026, the company reported on Tuesday.

“In accordance with current legislation, 5% of this amount, or 270.5 million UAH, was allocated to local and regional budgets in the regions where the company conducts hydrocarbon production,” the company noted.

The royalty funds are distributed among the regions as follows: Kharkiv – 150 million UAH, Poltava – 96.6 million UAH, Lviv – 13.3 million UAH, Dnipropetrovsk – 3.4 million UAH, others – 7.2 million UAH.

As reported, in 2025, the state-owned company “Ukrgazvydobuvannya,” the largest player in the market in terms of gas production volume, incurred a loss of 5.5 billion UAH, compared to a profit of 52.6 billion UAH in 2024.

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