In October-December 2025, Elworthy JSC, a manufacturer of sowing and tillage equipment based in Kropyvnytskyi, reduced its revenue by 17.3% compared to the same period in 2024, to almost UAH 121 million.
According to the company’s interim report for the fourth quarter of last year, exports amounted to UAH 36.8 million (30.4% of revenue), while a year ago this figure was UAH 37.9 million (25.9%).
According to the interim report, in the fourth quarter, the plant produced 149 seeders for UAH 61.6 million (153 seeders for UAH 49.6 million in October-December 2014), four cultivators for UAH 1.2 million (72 units for UAH 17.5 million), 45 harrows for UAH 10.5 million (36 units for UAH 7.9 million), and 13 sprayers for UAH 11.3 million (14 units for UAH 8 million).
The main customers were domestic companies such as Agroresurs, Technotorg, Minetech, as well as Agropiese TGR Grup (Moldova) and Galuotas (Lithuania). The main export markets are Kazakhstan, Moldova, Bulgaria, Latvia, and Romania.
The company sells its equipment through its own dealer network, which currently includes more than 35 dealerships.
Among the company’s main competitors are, in particular, the Ukrainian Veles-Agro, Belotserkovmaz, Favorit, Promagroleasing-Ukraine, Remsyntez, Agrotech, Agromash Kalyna, LKMZ, Boguslavska Agricultural Machinery, and Maschio Gaspardo (Italy).
“Elworthy reminds that the company’s 2025 business plan envisaged sales of UAH 712 million (25% more than a year ago) and break-even operations.
Elvorti JSC, a part of the Elvorti Group owned by businessman Pavlo Stutman, specializes in the production of sowing and tillage equipment: seeders for sowing grain and row crops, cultivators for continuous and inter-row tillage, and disk harrows for resource-saving tillage.
As of early 2026, the company employed 372 people.
As reported, the year before last, the company reduced its loss by more than three times compared to 2023, to UAH 27.6 million, and increased its net income by 16.3% to UAH 570.5 million.
In January-September 2025, the company increased its loss by 27.8% compared to January-September 2024 to UAH 15.9 million, while net income increased by 18.5% to UAH 502.8 million.
Bitcoin fell below $70,000 on Thursday for the first time since November 2024 — the market remains in risk-off mode, and investors continue to reduce their positions in risky assets. According to CoinDesk, by 13:53 Kyiv time, BTC was down 3.3% and trading at around $70,244. During the session, the price briefly dropped to $69,869.
Pressure was intensified by flows from US spot ETFs. According to SoSoValue, a net outflow of $545 million was recorded on Wednesday. BlackRock’s largest IBIT fund lost $373 million.
The fund for the sell-off is the narrowing of support from the “AI rally,” growing investor caution amid geopolitical uncertainty, discussions about the future trajectory of the Fed, and inflation remaining above target levels.
In January, Bitcoin fell nearly 11%, ending the month down for the fourth consecutive time. In 2025, the price had previously risen to a record $126,000 amid growing institutional demand and expectations of a more favorable White House attitude toward the crypto industry.
The head of the parliamentary committee on finance, tax, and customs policy, Danylo Getmantsev (Servant of the People faction), announced the first meeting of the interdepartmental parliamentary-governmental working group on the implementation of the affordable housing construction program.
“The state should assume the inflation risks in this model. The key instrument should be a state mortgage at 3% per annum for a term of up to 25 years,” he wrote on his Telegram channel.
According to him, the meeting participants agreed that the mortgage system in Ukraine is “critically underdeveloped” and that the ratio of mortgage lending to GDP is one of the lowest in Europe (less than 1%).
Getmantsev stressed that the housing program is designed for approximately 1 million families, and potential participants include military personnel, teachers, medical workers, internally displaced persons, large families, and social workers.
At the same time, the implementation of the program should not lead to the creation of isolated housing estates, and new housing should be integrated into communities.
The working group has been tasked with preparing proposals for financing the program through bank loans, the issuance of mortgage bonds, assistance from international partners, and the issuance of government bonds. He said the next step would be an open dialogue with representatives of the construction industry to develop “balanced and realistic solutions.”
As reported, partner banks of the state affordable mortgage program “eOselya” issued a total of 7,769 loans in 2025 for almost UAH 15 billion, including 4,881 loans for “first sale” housing, including 1,499 apartments in buildings under construction.
H&M has launched an online store in Ukraine, according to a statement by H&M Hennes & Mauritz AB’s press service to the Interfax-Ukraine news agency.
“The launch of hm.com is a historic event for H&M in Ukraine. I am very pleased that our long-awaited online store is finally available to all customers. I believe that a combination of a strong offline and online presence is key to building strong relationships with our customers,” commented Michalina Ludwiczak, Sales Manager for Sales Market Poland at H&M.
Customers in Ukraine can order items from the main collections online, as well as H&M Home (excluding furniture and lamps), H&M Move, and special lines, such as H&M Studio. Subscribers to the H&M Fashion Newsletter are the first to receive information about exclusive offers, current selections, presentations of new collections, and other news.
The first H&M store in Ukraine opened in 2018. Today, the brand has nine physical stores: seven in Kyiv, one in Odesa (renovated in June 2025), and one in Lviv.
The production of trawls for transporting large-sized cargo in Ukraine in 2025 increased by 18% to 415 units, according to Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development.
“We have achieved good results in the machine-building industry, which we risked losing just a few years ago. Demand generated by farmers, logistics companies, and partly by the state has been transformed into domestic production thanks to the ”Made in Ukraine” policy. The main instruments were localization in public procurement and compensation of 15% of the cost of Ukrainian equipment,” he wrote on Facebook.
Kysilevsky noted that last year, trawls in Ukraine were manufactured by three companies that are actively investing in the development and establishment of exports. Production of a new type of product, modular trawls, has also begun.
At the same time, the MP emphasizes that low-quality Turkish and Chinese trawls are still widely present in defense procurement.
“Bill No. 13392 on localization in defense procurement is designed to correct this. It will extend localization requirements to the procurement of civilian goods by the defense forces, including this type of product,” Kysilevsky wrote.
He recalled that in 2025, the share of the processing industry in the state budget was the largest – 18%, meaning that it is gradually becoming one of the driving forces of the Ukrainian economy.
The “Made in Ukraine” policy for the development of Ukrainian manufacturers combines programs that stimulate production, industrial investment, and non-raw material exports.
As reported, draft law No. 13392, co-authored by Kysilevsky, was adopted by the Verkhovna Rada in the first reading on November 4, 2025.
In particular, the document provides for amendments to the Law “On Public Procurement,” whereby, until December 31, 2032, localization requirements will temporarily apply to defense procurement of civilian goods worth more than UAH 1 million, provided that such goods are included in the list of goods with a confirmed degree of localization of production directly by their manufacturer.
The required level of localization in 2026 is 30% (2025 – 25%).
Metinvest B.V. (Netherlands), the parent company of the Metinvest mining and metallurgical group, sold 39% of its steel products on the domestic market in January-September 2025, amounting to $3.777 billion, compared to 38% in the same period of 2024, with total sales of $3.688 billion.
According to a presentation based on Metinvest B.V.’s interim report for the first nine months of 2025, published on Tuesday, sales in Europe accounted for 49% of total sales during this period (the same as in the first nine months of 2024), in North America – 7% (6%), in the MENA macro-region – 3% (5%), and in other regions – 2% (2%).
At the same time, the share of iron ore sales in Ukraine during this period amounted to 14% of total sales – $1.698 billion – compared to 25% for the same period of the previous year with a total volume of $2.170 billion. The share of IRR sales in Europe (excluding Ukraine, European CIS countries, and Turkey) was 29% (32%), in Asia (excluding the Middle East and Central Asia) – 55% (42%), and in the MENA macro-region – 2% (1%). However, the mining segment’s revenues do not include United Coal’s results for either the first nine months of 2024 or the first nine months of 2025.
The presentation notes that sales in the metallurgical sector grew by 2% year-on-year, mainly due to higher sales volumes of pig iron (up 88%) and flat products (up 12%). These trends reflect an increase in both own and resale operations. The segment’s performance was also supported by higher shipments of own-produced long products (up 4%). Average steel sales prices for the first nine months of 2025 declined year-on-year in line with global trends, while finished steel prices in the third quarter of 2025 recovered compared to the previous quarter.
Ukraine and Europe remained key markets, accounting for 39% and 49% of the metallurgical sector’s total revenue, respectively.
Sales in the mining sector decreased by 7% year-on-year, mainly due to the suspension of operations at Pokrovskvuhillya and a 6% year-on-year decline in iron ore concentrate resales. Iron ore pellet shipments increased by 6% amid growth in production and stronger demand from key customers in neighboring markets. The Black Sea maritime corridor continued to support sales of iron ore products to Asia, increasing the region’s share to 55% (up 13 percentage points). Although average iron ore sales prices were in line with global benchmarks, FCA prices for concentrate increased due to improved logistics efficiency.
Sales in hard currency (US dollars, US dollar-pegged currencies, euros, and pounds sterling) accounted for 81% in the first nine months of 2025 (down 5 p.p. year-on-year).
Iron ore and steelmaking assets operated relatively steadily during the period in 2025, with no significant changes observed despite various operational difficulties caused by the war. Iron ore assets operated at an average of about 50% of pre-war capacity. The group secured alternative sources of coking coal for steel production.
After the overhaul of blast furnace (BF) No. 9 at the Kametstal plant in the first half of the year, pig iron production was restarted and restored to its original design capacity. Zaporizhstal, in turn, operated three of its four furnaces. Since the end of 2025, intensified Russian attacks targeting Ukraine’s energy infrastructure have led to significant electricity shortages and increased electricity rationing across the country. These disruptions affected the group’s assets and joint ventures, leading to a decline in production levels. Operations at Pokrovskvuhillya remain suspended.
In addition, Metinvest’s assets outside Ukraine reportedly continued to operate as separate business units while providing support for the group’s overall activities. In particular, operating activity at the group’s Italian rolling assets fluctuated depending on market conditions and the availability of profitable orders in Europe. Ferriera Valsider resumed hot-rolled coil production in the first half of 2025. The group’s plants in Bulgaria and the UK showed relatively stable results.
In December 2025, Metinvest acquired a Romanian welded pipe plant in Iasi with an annual capacity of 240,000 tonnes. This ensured stable sales for Zaporizhstal’s hot-rolled coils and increased Metinvest’s presence in the EU in the higher value-added steel products segment. The Group is in the final stages of selling United Coal (USA). Metinvest’s trading divisions, headquartered in Switzerland and Poland, continued to support the Group in generating revenue.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhia, and Dnipropetrovsk regions – as well as in the European Union, the United Kingdom, and the US. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
