Business news from Ukraine

Business news from Ukraine

“Sarnifarmatsiya” to Hold Annual Shareholders’ Meeting on April 24

According to Fixygen, JSC “Sarnifarmatsiya” will hold its annual shareholders’ meeting on April 24, 2026, via remote participation. The agenda includes the approval of the company’s annual results, financial statements, and other decisions regarding its current operations.

Sarnifarmatsiya operates in pharmaceutical retail and specialized trade in medicinal products.

The company operates in the Rivne region and is one of the regional pharmaceutical operators. According to publicly available data, major shareholders include Tetiana Orel, Yevheniia Petryshyna, and Roslav Petryshyn, while Oleksii Tats’kyi is listed as a beneficial owner.

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Ukrnafta has topped ranking of Ukraine’s oil and gas producers for third consecutive year

State-owned Ukrnafta has ranked first for the third consecutive year in the Index of Ukraine’s Best Oil and Gas Producers, published annually by Opendatabot.

In 2025, the company’s revenue amounted to 99.4 billion UAH.

The company received an award from Opendatabot as “Leader in the Extractive Industry.”

The total revenue of the top 10 companies in the extractive industry amounted to UAH 341.63 billion and decreased by 12.71% compared to 2024.

Ukrnafta’s share, which stood at 25.68% in 2024, has grown, and in 2025 the company holds a 29.11% share among the sector’s leaders.

The full list of the top 10 companies in the extractive industry is as follows:

1. Ukrnafta – UAH 99.44 billion, 29.11%

2. Ukrgazvydobuvannya – UAH 83.60 billion, 24.47%

3. DTEK Pavlogradvuhillya – UAH 36.16 billion, 10.59%

4. Northern Mining and Processing Plant – UAH 32.92 billion, 9.64%

5. Southern Mining and Processing Plant – 24.76 billion UAH, 7.25%

6. Pokrovsk Mine Administration – 17.13 billion UAH, 5.01%

7. Central Mining and Processing Plant – 15.99 billion UAH, 4.68%

8. Oil and Gas Production – 14.00 billion UAH, 4.1%

9. Nadra-Geoinvest – 8.85 billion, 2.59%

10. Yeristiv Mining and Processing Plant – 8.77 billion UAH, 2.57%

These results are a testament to the dedication of all Ukrnafta employees, who work diligently every day to provide Ukraine with this critical resource and ensure the country’s energy security.

JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to acquire the Shell network in Ukraine. In total, it operates 660 gas stations.

The company is implementing a comprehensive program to resume operations and modernize the format of gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a stake of 50% plus one share.

In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.

Yuzhkoks Increased Its Net Loss to UAH 3.2 Bln

PJSC “Yuzhkoks” (Kamenskoye, Dnipropetrovsk Oblast) reported a net loss of UAH 3,195,470,000 for 2025, up from UAH 272,924,000.

According to the company’s announcement in the NSSMC’s information disclosure system regarding the remote holding of the general meeting of shareholders on April 30, there are nine items on the agenda.

In particular, the meeting is scheduled to review the report of the board of directors and the auditor’s conclusions and adopt relevant resolutions, approve the results of financial and economic activities and the annual report for the past year, cover losses, and preliminarily approve significant transactions, as well as adopt the revised charter.

Draft resolutions, copies of which are available to the Interfax-Ukraine agency, propose covering the losses incurred from operations in 2025, amounting to UAH 3,195,470, using profits from future periods.

As reported, Yuzhkoks increased its net loss by 4.6 times in the first nine months of 2025 compared to the same period of the previous year—to 457.760 million UAH from 98.684 million UAH—while revenue fell by 12.6% to 6.634975 billion UAH. The uncovered loss as of the end of September 2025 amounted to UAH 9.127 million.

“Yuzhkox” increased its net loss by 4.7 times in 2024 compared to the previous year—to UAH 272.925 million from UAH 58.0252 million.

Yuzhkox ended 2022 with a net loss of UAH 1,206.942 million, compared to a net profit of UAH 1,292.672 million reported for 2021.

According to the State Register of Legal Entities as of the fourth quarter of 2025, Dashuria Ltd. (Cyprus) owns 94.9565% of the company’s shares.

The authorized capital of PJSC “Yuzhkoks” is UAH 171.918 million, and the par value of a share is UAH 0.25.

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Mirgorodkurort saw its net profit drop by factor of 2.2 to 505,700 UAH

The health resort PJSC “Mirgorodkurort” (Poltava region) reported a 2.2-fold decrease in net profit for 2025 compared to the previous year, down to UAH 505,700.

According to the company’s report in the disclosure system of the National Securities and Stock Market Commission (NSSMC), net profit per share amounted to UAH 1.51.

According to information in the agenda of the company’s annual general meeting, scheduled for April 27, 2026, Mirgorodkurort’s assets as of the end of 2025 increased by 2.3% to UAH 112 million. Total accounts receivable grew by 2.1% to UAH 9 million, while current liabilities and provisions increased by 36.4% to UAH 30.6 million.

The company’s retained earnings as of the end of 2025 amounted to UAH 32.4 million.

The shareholders of “Mirgorodkurort” plan to allocate 60.09% of the net profit earned last year, amounting to UAH 303,700, for dividend payments; 5%, or UAH 25,200, for the reserve fund; and 34.91% (UAH 176,400) to remain undistributed.

The agenda for the company’s annual meeting also includes a motion to renew the composition of the supervisory board.

PJSC “Mirgorodkurort” was established in 2002 and provides sanatorium and resort services. Its structure includes two subsidiaries—“Multisectoral Public Utilities Enterprise” and “Mirgorod Sanatorium and Resort Complex”—as well as the sanatorium branches “Poltava,” “Mirgorod,” “Berezovy Gai,” and “Khorol.” The bed capacity is 800 beds, with an additional 750 seasonal beds.

According to the NSSMC, as of the fourth quarter of 2025, the main shareholder of PJSC “Mirgorodkurort” is PJSC “Ukrprofzdravnitsa” (98.1%).

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Horodok Quarry to Hold Virtual Shareholders’ Meeting on April 3

According to Fixygen, Horodok Quarry (PJSC) will hold its annual general meeting of shareholders on April 3, 2026, in a virtual format.

Shareholders will review the financial statements, operating results, and other matters related to the company’s management.

Quarry companies supply the market with crushed stone, rock, and other non-metallic materials, which form the basis for the construction of roads, housing, and infrastructure facilities. Against the backdrop of Ukraine’s future recovery, companies in this sector may gain additional significance as suppliers of raw materials for the construction sector.

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National Council has suspended broadcast operations of XSport and M1 TV channels due to decline in advertising market

Following a meeting on March 26, the National Council of Ukraine on Television and Radio Broadcasting announced the suspension of terrestrial broadcasting operations for the sports channel “XSport” (Totveld LLC) and the music channel “M1” (Teleodin LLC).

“The media outlet operated 24 hours a day on the MX-3 multi-channel electronic network, DVB-T2 (MPEG-4) standard, nationwide category. The reason for revoking the license is a deterioration in financial condition linked to the ongoing decline in the advertising market,” the regulator commented on the decision regarding “XSport.”

The National Council added that it also revoked the registration of two linear media outlets, “Totveld,” which broadcast without using the radio frequency spectrum under the logos “XSPORT+” and “XSPORT.”

“National category. The media outlet broadcast programs 24/7 on the MX-2 terrestrial multichannel communication network, DVB-T2 (MPEG-4) standard. In its statement, the company cites a significant decline in the advertising market, rising distribution costs, a shrinking audience for terrestrial digital broadcasting, and the economic unfeasibility of maintaining this distribution method,“ according to the regulator’s statement regarding ”M1.”

In turn, the “M1” TV channel explained its decision to cease terrestrial broadcasting on Monday as a transition to a new content distribution model “as part of a strategy to optimize and adapt to current market conditions.”

“The decision to exit the terrestrial digital space is a logical continuation of our policy of efficient resource management. Given the economic situation in the country and the rapid change in viewers’ consumption habits, we are focusing our presence where the audience is most active and loyal,” the statement on its website reads.

It is noted that broadcasting continues in full via OTT platforms and cable networks.

According to the press release, the Ukrainian music channel “M2” already has similar positive experience operating in this distribution format, so it is also continuing its broadcasts via OTT services and cable networks.

“Today we are choosing the path of maximum efficiency. Due to the difficult economic situation in the country and low demand for outdated broadcast formats, we have made a conscious decision to focus on a new broadcasting strategy,“ commented Natela Chkhartishvili-Zatsarinnaya, executive producer of the ”M1“ and ‘M2’ TV channels, noting that this year marks the 25th anniversary of the ”M1” channel.

The National Council also noted that due to the inability to resume broadcasting because of financial and organizational difficulties caused by the full-scale invasion, a number of Kyiv-based companies with 24-hour broadcasting, which operated under the logos “UNIAN TV,” “UNIAN. Dnipro,“ ”UNIAN. Mykolaiv,“ and ”UNIAN. Nikopol.“

XSport is a nationwide multisport channel that began broadcasting on January 22, 2012. It previously aired under the name ”Hockey.”

According to YouControl, the owner of Totveld LLC is Donbas Hockey Club LLC, and the beneficial owner is listed as former Deputy Prime Minister, former Minister of Infrastructure, and Member of Parliament Boris Kolesnikov.

The owner of “Teleodin” LLC is “Ukrainian Youth and Music Channel M1” TV and Radio Company LLC, and the beneficial owners are Mykola Bagraev (74%) and Maksym Pavlenko (25%).

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