In January–June 2026, PJSC “Carlsberg Ukraine” increased its revenue by 2.7% compared to the same period in 2025—to 6.286 billion UAH, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).
The company’s net profit for the first half of the year fell by 10.5% to 893.1 million UAH, while operating profit decreased by 12.8% to 921.0 million UAH; gross profit, however, rose by 0.6% to 2.935 billion UAH.
As of June 30, 2026, the assets of PJSC “Carlsberg Ukraine” amounted to 17.524 billion UAH, compared to 15.115 billion UAH at the beginning of the year.
The company’s equity rose to 11.278 billion UAH from 10.537 billion UAH, while total liabilities increased to 6.246 billion UAH from 4.578 billion UAH.
It is noted that during the second quarter of 2026, the company produced 1.57 million hl of products worth UAH 5.933 billion (all amounts are stated inclusive of excise tax and exclusive of VAT), of which: beer – 1.217 million hl worth UAH 4.899 billion (83% of total production); cider—0.052 million hl worth 0.279 billion UAH (5%); and non-alcoholic beverages—0.301 million hl worth 0.754 billion UAH (13% of total production). In the second quarter of 2026, production volumes decreased by 0.7% compared to the same period last year
According to the results of the second quarter of 2026, the company spent 0.84 million UAH on innovation, and these expenses were related to the implementation of a new marketing concept and strategy for new and existing products: the development of a new brand, the creation of new flavors, and changes to product design and packaging, which give the products a unique look and help attract a new group of customers, the document states.
According to the document, cash and cash equivalents for the first half of the year decreased by 26.1% to 6.348 billion UAH, while current financial investments rose to 3.338 billion UAH from zero at the beginning of the year, as the company received 6.515 billion UAH from the sale of debt instruments last year.
Investments in fixed assets rose in the first half of this year to 469.8 million UAH, compared to 282.1 million UAH in the first half of last year.
According to the report, Carlsberg Ukraine’s total market share in the alcoholic beer category, based on production data from the Ukrpivo association for the second quarter of 2026, was 29.8%. Products under the Lvivske, S&R’s Garage, and Kronenbourg brands remain the sales leaders in the group’s portfolio, while Somersby cider and “Kvas Taras” continue to hold leading positions in their respective product categories.
As noted in the management’s interim report, in the first half of 2026, the company exported products to 25 countries, with exports accounting for 6% of total sales. The main export markets were Germany, Poland, and the United States, with the “Lvivske,” “Arsenal,” and “Kvas Taras” brands seeing the highest demand abroad.
PJSC “Carlsberg Ukraine” is part of the Carlsberg Group and owns three breweries in Zaporizhzhia, Kyiv, and Lviv. Its brand portfolio includes “Lvivske,” Carlsberg, Kronenbourg 1664, “Kvas Taras,” Somersby, Battery, and others.
The company’s net profit in 2025 amounted to 1 billion 807.64 million UAH, in 2024 – 2 billion 181.69 million UAH, and in 2023—1.8275 billion UAH, while revenue was 12.16757 billion UAH, 12.4882 billion UAH, and 10.8121 billion UAH, respectively. Retained earnings as of the end of 2025 totaled 9.3067 billion UAH.
The private joint-stock company “Carlsberg Ukraine” will pay dividends totaling 50.20 million UAH, the company reported via the National Securities and Stock Market Commission’s disclosure system.
According to the report, the decision to allocate a portion of the net profit from 2025 operations to dividend payments was made by the company’s sole shareholder on May 4, 2026. The dividend per share is UAH 0.0491. The payment will be made in euros in a single installment between May 19 and November 4, 2026. The list of persons entitled to receive the funds will be compiled as of May 15, 2026.
In its 2025 management report, the company reported that it paid over UAH 3.20 billion in taxes and fees to budgets at all levels. Total investments in production, innovation, and safety since the start of the full-scale invasion exceeded UAH 2.70 billion.
Based on the results of the reporting year, Carlsberg Ukraine holds significant market shares in key segments: cider – 54.94%, non-alcoholic beer – 41.64%, kvass – 36.05%, and alcoholic beer – 30.05%. In the energy drink market, the company’s share was 5.62%. Export destinations included 25 countries worldwide, notably Moldova, Germany, the Czech Republic, Poland, and China.
Adapting the product range to new consumer trends was accompanied by the development of an agricultural project to research a new barley variety, Null-LOX4G, in collaboration with the National University of Life and Environmental Sciences of Ukraine (NULES), aimed at improving product quality while simultaneously reducing energy consumption and CO2 emissions. In addition, in 2025, the manufacturer launched a range of innovative products, including Battery energy drinks with peach lemonade flavor and the non-alcoholic “Kvas Taras Pryany.”
Meanwhile, on April 28, 2026 (Resolution No. 3/2026), the company’s sole shareholder granted preliminary consent to enter into significant transactions over the course of one year with a total aggregate value of up to UAH 79.60 billion. These funds will be allocated to support the company’s operational activities. The largest share, up to UAH 40.0 billion (264.64% of assets), is earmarked for contracts with retail chains and distributors for the sale and promotion of products. The shareholder has approved a significant amount of funds for the purchase of packaging materials: up to UAH 8.50 billion for aluminum cans and lids, up to UAH 3.60 billion for glass bottles, and up to UAH 3.0 billion for PET preforms. Up to UAH 4.0 billion is allocated for the purchase of raw materials and other containers.
The limits also include the option to place available funds in deposits in an amount of up to UAH 8.0 billion or the equivalent in foreign currency. UAH 3.0 billion has been allocated for each of the following categories: energy costs (gas, electricity), advertising activities, and license fees. Funding for the purchase of equipment, spare parts, and repair work has been approved in the amount of up to UAH 2.0 billion, while up to UAH 1.50 billion will be allocated for transportation and freight forwarding services.
According to data from Opendatabot, by the end of 2025, the company’s revenue decreased by 2.6% compared to 2024—to 12.167 billion UAH—while net profit fell by 17.1%—to 1.807 billion UAH. At the same time, the manufacturer’s assets grew by 9.2% to UAH 15.114 billion, while debt obligations decreased by 5.7% to UAH 4.82 billion.
As reported, in April 2026, Swedish company Carlsberg Sverige AB became the new owner of 100% of the voting shares of PJSC “Carlsberg Ukraine,” having acquired the stake previously held by Baltic Beverages Invest Aktiebolag as a result of a merger.
PrJSC “Carlsberg Ukraine” is part of the Carlsberg Group and owns three breweries in Zaporizhzhia, Kyiv, and Lviv. Its brand portfolio includes “Lvivske,” Carlsberg, Kronenbourg 1664, “Kvas Taras,” Somersby, Battery, and others.
Carlsberg Ukraine (Zaporizhia), a producer of beer, non-alcoholic and alcoholic beverages, is closing its offices in Kharkiv, Odesa, and Donetsk, the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
According to the report, the company’s supervisory board made the decision on February 25, 2026.
The reasons given for the liquidation of the divisions are the lack of need for their further operation, lack of personnel, management, and property. In addition, the representative offices did not actually carry out activities corresponding to the purpose of their creation.
The functions of these separate divisions were to protect and represent the company’s interests in the respective regions.
According to data from Opendatabot, Carlsberg Ukraine increased its revenue by 15.5% to UAH 12.488 billion in 2024, net profit by 19.4% to UAH 2.18 billion, debt obligations by 34.9% to UAH 5.11 billion, and assets by 33.1% to UAH 13.84 billion. The company currently employs 1,310 people.
The closure of Carlsberg Ukraine’s separate representative offices does not mean a reduction or curtailment of the company’s activities in the regions.
The separate representative offices were established in the early 2000s during a period of active investment in production facilities in Kyiv, Lviv, and Zaporizhzhia. Today, given current operating models, there is no need to maintain separate legal representative structures.
At the same time, Carlsberg Ukraine continues to operate throughout Ukraine. Our production sites in Kyiv, Lviv, and Zaporizhzhia are operating as usual. The sales teams continue to ensure the company’s full presence in all regions of the country, providing continuous service to partners and customers.
The change in the number of representative offices does not affect the company’s strategic course for development and investment in Ukraine. Since the start of the full-scale invasion, the Carlsberg Group has already invested nearly DKK 400 million to support operational stability and the development of Ukrainian business. The company remains consistent in its long-term presence in the country.
We are transforming to work more efficiently, but we remain a reliable employer, a responsible business, and one of the largest taxpayers in Ukraine.
Carlsberg Ukraine is part of the Carlsberg Group, one of the world’s leading brewery groups with a broad portfolio of beer, cider, and non-alcoholic beverage brands. In Ukraine, we represent such brands as Lvivske, Carlsberg, Grimbergen, Kronenbourg 1664, Arsenal, Kvas Taras, Somersby, Battery, Seth&Riley’s Garage, and others. The Carlsberg Group began operations in Ukraine in 1996 and has been one of the largest international investors in the FMCG sector year after year, providing jobs for more than 1,400 people at breweries in Kyiv, Lviv, and Zaporizhia, and more than 23,000 jobs in related industries (agriculture, retail, hotel and restaurant business, media, logistics, etc.). During the full-scale war in Ukraine, Carlsberg Group decided to cease its business in Russia and exit the market. With the support of the Carlsberg Group, Carlsberg Ukraine has implemented more than 50 humanitarian projects worth over UAH 530 million, including the production of drinking water to meet the needs of the population.
More detailed information is available on the website https://carlsbergukraine.com/.
Carlsberg Ukraine’s Kyiv plant has installed 1.5 MW diesel generator and cogeneration units (DGU, CGU) to ensure a stable power supply and plans to install a 500 kW solar power plant and a 5 MW power storage facility with a capacity of 10 MWh by the end of the year, according to Roman Sapiga, head of the plant’s automation and electrical engineering group.
“Our enterprise must operate without interruption, so the uninterrupted operation of our power generation facilities is extremely important to us. We chose a 1.5 MW diesel generator and a 1.5 MW gas generator… They work together in an ‘island’ mode and are connected to each other,” he said at the EnergoTech-2026 conference, which took place recently in Kyiv.
Sapiga noted that generation is controlled by a special program, which is constantly being improved.
“Sitting at our workstations, we can see almost all elements of the generation system and can start them up. It is necessary to manage them correctly. Every time we encountered a problem, a new automatic solution appeared,” shared the representative of Carlsberg Ukraine.
According to him, the company also imports electricity, and the management program allows it to track consumption so as not to exceed the limits at which the consumer is not disconnected according to hourly schedules (for this, it must import 60% of its consumption – EP).
“There is a program that tracks the price of electricity for the next day and decides whether to start the CHP and at what time, comparing the market price of electricity with the cost of its production from gas. It worked very well in the summer and early autumn, but with mass blackouts, it doesn’t work,” Sapiga noted.
The Carlsberg Ukraine plant in Kyiv plans to diversify its electricity sources by 2026.
“We are planning a 500 kW solar power plant. We want an energy storage facility (ESF) with a capacity of 5 MW and 10 MWh. We are a large producer. 3 MW of CHP and DG do not even cover half of our consumption,” Sapiga said in a comment to ENERGOREFORM.
As he noted, they plan to look for an investor with whom they can conclude direct contracts for electricity before building the solar power plant.
In addition, Sapiga emphasized that the main reason for developing their own energy supply is not the price of electricity, but the instability of the grid, since under such conditions the plant cannot operate normally.
He named some of the main challenges for 2025 as almost 60 hours of operation on its own generation in the event of a complete grid shutdown, constant software changes, and a reduction in the duration of the transition of generating units to “island” mode from 1.5 hours to 15 minutes.
“My advice is to diversify generation and have a management system that takes into account all available sources, as well as choosing reliable contractors with a good track record. This is especially important for enterprises and businesses,” Sapiga concluded.
Carlsberg Ukraine is part of the Carlsberg Group, one of the world’s leading brewery groups with a large portfolio of beer and other beverage brands. Carlsberg Ukraine includes factories in Zaporizhia, Kyiv, and Lviv. Carlsberg’s portfolio in Ukraine includes beer, alcoholic and non-alcoholic beverages of such brands as Lvivske, Robert Doms, Baltika, Carlsberg, Tuborg, Kronenbourg 1664, Arsenal, Kvas Taras, Somersby, and others.
According to data from Opendatabot, Carlsberg Ukraine increased its revenue by 15.5% to UAH 12.488 billion in 2024, its net profit by 19.4% to UAH 2.18 billion, debt obligations by 34.9% to UAH 5.11 billion, and assets by 33.1% to UAH 13.84 billion. The company currently employs 1,310 people.
PrJSC Carlsberg Ukraine, a producer of beer, non-alcoholic and alcoholic beverages, increased its production by 8% in 2024, which allowed it to increase its net income from sales by 15.5%.
According to a report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), Carlsberg Ukraine PJSC’s net financial result for 2024 increased by 19.38% and amounted to UAH 2.2 billion.
“The increase was due to revenue from the sale of all types of products, but mainly from the sale of non-alcoholic beverages (+49.6%) and cider (+33.6%),” the company explained, adding that 96.3% of the products manufactured were sold in Ukraine, with the remaining 3.7% exported.
PrJSC Carlsberg Ukraine continued its operations throughout 2024 and exported its products directly from Ukraine to more than 20 countries around the world. At the same time, the company used 100% Ukrainian barley to manufacture its products in order to support local farmers and the Ukrainian economy.
Currently, beer accounts for 86% of Carlsberg Ukraine’s production, cider for 1%, and non-alcoholic beverages for 13%.
According to the company, as a result of modernization and the launch of new lines, by the end of 2024, its market share by segment within the framework of innovations was as follows: alcoholic beer – 30%, non-alcoholic beer – 42.7%, kvass – 35%, cider – 55.8%, energy drinks – 6%.
PJSC Carlsberg Ukraine referred to data from the industry association Ukrpivo, according to which the company currently holds 33.3% of the market in the “alcoholic beer” category. The sales leaders in the group’s portfolio for 2024 were products under the Lvivske, S&R’s Garage, and Tuborg brands.
Somersby cider and Kvas Taras continue to occupy leading positions in their product categories.
According to the State Fiscal Service, Carlsberg Ukraine PJSC was included in the list of Ukraine’s largest taxpayers in 2024 and paid UAH 3.401 billion to the country’s budgets at all levels in the form of taxes and fees.
The company’s management emphasized that there is only one significant factor of uncertainty that could raise significant doubts about the company’s ability to continue its operations without interruption: a further significant escalation of military action, which could destabilize operations in Ukraine. In such a case, the Ukrainian representative office relies on the parent company having sufficient resources to continue its operations. At the same time, the Ukrainian division has promised to make every effort and take all possible measures to minimize any negative consequences.
According to data from Opendatabot, in 2024, Carlsberg Ukraine PJSC increased its revenue by 15.5% to UAH 12.488 billion, net profit by 19.4% to UAH 2.18 billion, debt obligations by 34.9% to UAH 5.11 billion, and assets by 33.1% to UAH 13.84 billion. The company currently employs 1,310 people.
Carlsberg Ukraine is part of the Carlsberg Group, one of the world’s leading brewery groups with a large portfolio of beer and other beverage brands. Carlsberg Ukraine includes factories in Zaporizhia, Kyiv, and Lviv. Carlsberg’s portfolio in Ukraine includes beer, alcoholic and non-alcoholic beverages of such brands as Lvivske, Robert Doms, Baltika, Carlsberg, Tuborg, Kronenbourg 1664, Arsenal, Kvas Taras, Somersby, etc.
Baltic Beverages Invest AB (BBI, Sweden) has increased its stake in PrJSC Carlsberg Ukraine (Zaporizhia), one of the largest brewing companies in Ukraine, to 100%.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the squeeze-out procedure was completed on June 12, 2019. As reported, Baltic Beverages Invest planned to buy out 12.6 million shares of Carlsberg (1.2% of the number of its shares) for UAH 185 million.
Carlsberg Ukraine in 2018 saw net profit rise by 1.5 times compared with 2017, to UAH 1.634 billion. Carlsberg Ukraine is part of Carlsberg Group, one of the leading brewing groups in the world, whose products are sold in more than 150 countries. Carlsberg Group in Ukraine consists of three breweries in Zaporizhia, Kyiv, and Lviv.
