JSC “Cherkasy Bus” ended the January–September 2026 period with a net profit of 82.27 million UAH, which is 69.2% higher than the corresponding figure for 2025, including a 2.4-fold increase in July–September compared to the third quarter of 2025, reaching 67.1 million UAH.
According to the company’s interim report published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), net sales revenue for the nine-month period rose slightly to 1.143 billion UAH, of which the third-quarter increase amounted to 25% compared to July–September 2025, reaching 568 million UAH.
Compared to the second quarter of this year, the plant increased its net profit 4.4-fold in the third quarter, while net revenue decreased slightly.
From January through September, the plant increased its gross profit by 12%—to 220.6 million UAH—while operating profit rose by 57.8% to 110.4 million UAH.
Retained earnings as of the end of September totaled 428.4 million UAH.
According to the report, “Cherkasy Bus” manufactured 308 buses worth 919.5 million UAH in January–September (including 105 buses in the third quarter of 2026) and sold 293 buses worth 920.9 million UAH (124 units).
In addition, the company produced 90 trucks worth 193 million UAH and sold 93 vehicles worth 198.2 million UAH.
As previously reported, the company’s preliminary plans for the current year call for the production of 385 Ataman buses, the assembly of 300 Isuzu trucks, and 302 Isuzu pickups (in line with plans for 2025).
In fact, in 2025, the plant reduced bus production by 8% compared to the previous year—to 391 units—and truck production by 1.9% (6 units), to 315 units. Sales totaled 393 buses (down 7.5%) and 240 trucks (down 24.8%).
Founded in 1994, the “Cherkasy Bus” plant manufactures Ataman small-class buses (including city, suburban, school, and specialized models), as well as other wheeled vehicles based on Japanese Isuzu components, specifically through the large-assembly method for Isuzu trucks with payloads ranging from 3 to 18 metric tons (dump trucks, fire trucks, emergency repair vehicles, aerial work platforms, and vehicles with special superstructures—for Ukrposhta, local communities, and the State Border Guard Service).
In addition, the plant manufactures Isuzu pickup trucks for the National Police, the State Emergency Service, the State Border Guard Service, forest patrols, and energy and gas companies.
According to the plant, two-thirds of its production consists of orders from the public sector.
The plant ended 2025 with a net profit of nearly 83 million UAH—32% less than in 2024—amid a slight decline in net revenue to 1 billion 733 million UAH. It did not plan to pay dividends.
As of the beginning of 2026, the company employed 374 people—33 fewer than at the start of 2025.
The municipal institution “Center for Financial and Statistical Monitoring, Material and Technical and Information Support of Educational Institutions” of the Mykolaiv Regional Council will purchase 40 Ataman school buses manufactured by the Cherkasy Bus plant by June 1 of this year for UAH 147.83 million, compared to the expected purchase price of UAH 148.36 million.
According to a report in Prozorro, the city council signed the relevant agreement with Isuzu-Ataman Ukraine JSC on December 31 following the results of a tender in which the company was the only participant.
In particular, 39 regular school buses will be purchased for UAH 143.91 million (including VAT), at a price of UAH 3.69 million per bus, and one bus with two seats for schoolchildren with limited mobility will be purchased for UAH 3.92 million.
Full payment is expected within 10 banking days.
Isuzu-Ataman Ukraine will supply buses manufactured in 2025 that meet Euro 5 environmental standards, with 28 seats for schoolchildren and three for accompanying persons and crew members. The degree of localization is 68.8%.
The specialized bus has 21 seats for schoolchildren, including two for children with limited mobility, as well as two seats for accompanying persons. The degree of localization is almost 71%.
According to YouControl, PJSC Isuzu-Ataman Ukraine, which, among other things, trades in Isuzu and Ataman vehicles, received UAH 49.2 million in net profit in January-September 2025, which is 56% more than in the same period in 2024, and its net income increased 2.4 times to UAH 408 million.
As reported, the state budget subsidy for the purchase of school buses next year is UAH 2 billion, compared to UAH 1.6 billion in 2025.
According to the Ministry of Economy, the Mykolaiv region purchased 25 buses last year. The subsidy from the state budget for the region amounted to UAH 23.54 million.
Since 2024, the School Bus program has been implemented thanks to financial cooperation between the EU and Ukraine within the framework of the Ukraine Facility instrument. In particular, school buses must have seats for students with limited mobility.
The required level of localization in 2026 is at least 30%.
According to preliminary data, 720 school buses were implemented in 2025 with state subsidies and co-financing from local communities.
Cherkasy Bus JSC may supply the National Police of Ukraine with 15 specialized Ataman D09216 buses for a total of ₴67.95 million, or ₴4.53 million per bus.
According to information in the Prozorro electronic public procurement system, the company was the only participant in the tender, offering buses at the expected purchase price.
The delivery date is December 15 of this year. Full payment is due within 90 banking days. The buses will be manufactured in 2025.
The contract is currently awaiting signature.
Cherkasy Bus is a regular supplier of such special buses to the National Police. In particular, in July last year, a contract was signed for the supply of 30 buses for UAH 124.07 million (or UAH 4.24 million per bus).
The Ataman D09216 special-purpose bus, built on Japanese Isuzu chassis, is 8.2 m long, equipped with a Euro 5 diesel engine, has 30 seats (plus the driver’s seat), and air conditioning in the driver’s and passenger compartments.
The bus is designed to transport National Police personnel without combat equipment (weapons, body armor, etc.).
Cherkasy Bus guarantees the readiness and availability of bus maintenance and repair services and has 35 service centers throughout Ukraine.
Founded in 1994, the Cherkasy Bus factory manufactures small and medium-sized Ataman buses, as well as other wheeled vehicles based on Japanese Isuzu components.
According to the company’s financial report on its website, in 2024, it reduced its net profit by a third to UAH 122.1 million, while its net income increased by 2.6% to UAH 1 billion 771 million.
