Cherkasy Bus JSC will supply 23 school buses to the Transcarpathian Regional State Administration (RSA) for 98.265 million UAH (including VAT) or 81.89 million UAH (excluding VAT), with an expected procurement amount of 82.46 million UAH (excluding VAT).
According to information on Prozorro, the parties signed the relevant contract on July 14.
The plant was the sole bidder, offering 19 buses with two seats for students with limited mobility at a price of nearly 3.613 million UAH each, and four standard buses at a price of nearly 3.313 million UAH each (excluding VAT).
The buses were manufactured this year and comply with the Euro 5 emissions standard. The standard buses have 28 seats for students, while the specialized buses have 19. The localization rates are 68.4% and 70.66%, respectively.
As previously reported, the Transcarpathian Regional State Administration initially announced a tender to purchase the same number of buses for 97.202 million UAH (including VAT), but it was automatically canceled on July 6.
Transcarpathia subsequently announced a new tender for 82.46 million UAH (excluding VAT).
“Cherkasy Bus” recently signed a contract to supply 27 school buses to the Ivano-Frankivsk Regional State Administration for 113.45 million UAH (including VAT), including 17 buses with two seats for students with limited mobility for nearly 73.7 million UAH.
As previously reported, the sources of funding for Transcarpathia’s bus purchases include a state budget subsidy to the local budget in the amount of 88.097 million UAH (the full amount for the current year) and co-financing from the local budget in the amount of 10.858 million UAH, whereas in the previous tender, these amounts were 84.95 million UAH and 12.25 million UAH, respectively.
The “School Bus” program has been implemented since 2024 thanks to financial cooperation between the EU and Ukraine as part of the Ukraine Facility.
The state budget subvention for the program this year amounts to 2 billion UAH, and the purchase of over 540 buses is planned through the Prozorro Market electronic catalog.
The school bus market in Ukraine includes “Cherkasy Bus,” the Chernihiv Automobile Plant of the “Etalon” Corporation, the Zaporizhzhia Automobile Plant, and “Bas Motor” LLC (manufacturer of “Bogdan” buses). They manufacture small-class buses using imported components, with capacities ranging from 21 seats (the “Ataman” bus, which includes two seats for students with mobility impairments) to 40.
At the same time, as part of adapting the school transportation system to wartime conditions and the actual needs of communities, the Ministry of Education and Science is exploring the possibility of communities purchasing small-capacity buses (category M2) equipped for the safe transportation of children.
There is already an offer on Prozorro Market for a bus of this class from the company “Avtosnab,” which has developed and begun production of a school bus based on the Peugeot Boxer commercial van with 17 seats.
Cherkasy Bus, PROCUREMENT, Prozorro, School bus, ZAKARPATTIA
Cherkasy Bus JSC may supply 27 school buses to the Ivano-Frankivsk Regional State Administration (RSA) for 113.45 million UAH, including 17 units with two seats for students with limited mobility for nearly 73.7 million UAH.
According to information on Prozorro, the plant was the sole participant in two relevant tenders held by the Ivano-Frankivsk Regional State Administration. It offered 17 buses for 73.7 million UAH against an expected amount of 73.909 million UAH, and in the second tender—10 standard school buses for 39.75 million UAH against an expected purchase amount of 40 million UAH.
The delivery deadline for the buses is September 30, 2026.
The Euro 5-compliant buses were manufactured this year, with a localization rate of over 68–70%.
As noted in the announcement, a state budget subsidy of 67.173 million UAH is allocated for the purchase of 17 buses, with co-financing from the local budget amounting to 6.736 million UAH. Accordingly, UAH 35.92 million and UAH 4.08 million have been allocated for the purchase of 10 buses.
As previously reported, starting in 2024, the “School Bus” program is being implemented thanks to financial cooperation between the EU and Ukraine as part of the Ukraine Facility.
For the program’s implementation, the state budget subsidy for the current year amounts to 2 billion UAH, with plans to purchase over 540 buses. The Ivano-Frankivsk region has been allocated 103.09 million UAH in state subsidies.
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.
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 1.733 billion UAH.
Cherkasy Bus, Ivano-Frankivsk region, Prozorro, school buses, Ukraine Facility
Cherkasy Bus JSC ended the first quarter of this year with a net profit of UAH 1.33 million, whereas for the same period in 2025, the company reported a loss of nearly UAH 3 million.
According to the interim report published in the NSSMC’s disclosure system, net sales revenue increased by 3% compared to January–March 2025, reaching UAH 240 million.
The plant increased its gross profit by 34% to UAH 39 million, with operating profit growing 2.6-fold to UAH 5 million.
According to the report, in the first quarter, “Cherkasy Bus” manufactured 102 buses worth UAH 295.2 million and 59 trucks worth UAH 98.2 million, while selling 69 buses worth UAH 205.1 million and 17 trucks worth UAH 34.3 million.
The company’s plans, as outlined in its annual report, call for the production of 385 Ataman buses, the assembly of 300 Isuzu trucks, and 302 Isuzu pickups this year (in line with plans for 2025).
At the same time, last year the plant actually reduced bus production by 8% compared to the previous year—to 391 units—and truck production by 1.9% (by 6 units), to 315 units. A total of 393 buses (7.5% fewer) and 240 trucks (24.8% fewer) were sold.
Annual production volume increased by 12.7% overall—to 1.763 billion UAH.
This year, the plant plans to invest 35.8 million UAH in development, specifically in the purchase of technological, transport, and power equipment, the modernization and repair of equipment, production and office facilities, and the improvement of the plant’s grounds.
In 2026, the plan is to begin production of 2- and 3-axle FTS 34 trucks, special-purpose and specialized vehicles on NPR, NQR, FSR, and D-MAX chassis, as well as A092 and A093 buses using Euro 6-compliant chassis.
“Currently, two-thirds of the company’s production consists of orders from the public sector,” the report states.
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 a payload capacity of 3 to 18 tons (dump trucks, fire trucks, emergency repair vehicles, aerial work platforms, and vehicles with superstructures—for Ukrposhta, local communities, and the State Border Guard Service).
It also manufactures Isuzu pickups for the National Police, the State Emergency Service, the State Border Guard Service, forest patrols, and energy and gas companies.
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 1.733 billion UAH. It did not plan to pay dividends.
As of the beginning of this year, the company employed 374 people—33 fewer than at the start of 2025—and the average monthly salary for the year increased by 25.5% to 35,750 UAH.
According to preliminary data, Cherkasy Bus JSC ended 2025 with a net profit of UAH 82.98 million, which is 32% less than the corresponding figure for 2024, as indicated in the agenda for the company’s annual general meeting of shareholders summarizing last year’s results.
According to the draft resolution of the meeting scheduled for April 24, published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), shareholders intend to retain 95% of the profit earned, or UAH 78.83 million, at the company’s disposal, and allocate 5% (UAH 4.15 million) to the reserve fund.
As previously reported, based on the results of operations in 2024, the shareholders of “Cherkasy Bus” also allocated nearly all of the net profit to development. Meanwhile, the planned profit for 2025 amounted to UAH 102.8 million.
At the meeting, it is planned, in particular, to approve a projected profit target for 2025 of UAH 143.83 million.
Shareholders also plan to re-elect the chair and members of the supervisory board, as well as appoint TOA “Advo-Audit” as the auditor of the company’s financial statements for 2026.
According to data from the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2025, Oleksandr Dorosh, head of the “Isuzu-Ataman Ukraine” business, owns nearly 42.29% of the shares of JSC “Cherkasy Bus,” Anna Suprun owns nearly 13.65%, and three other individuals, including long-time board chairman Vitaliy Raabe, each hold 7.9275%.
The company’s authorized capital is UAH 162.97 million.
Founded in 1994, the “Cherkasy Bus” plant manufactures Ataman small-class buses (including school buses) as well as other wheeled vehicles based on Japanese Isuzu components, specifically Isuzu trucks, using a semi-knockdown assembly method.
The plant did not disclose the number of buses and trucks produced and sold in 2025, but in 2024, according to its data, it reduced bus production by nearly 15% compared to the previous year, to 425 units, and truck production by 15%, to 321 units; bus sales decreased by 15.7% to 425 units, while truck sales increased by 8% to 319 units.
At the same time, the plant plans to manufacture 385 buses, 300 trucks with a payload capacity of 3 to 18 tons, and 302 Isuzu pickups for the National Police, the State Emergency Service, the State Border Guard Service, and other companies in 2025.
In addition, construction of a small-series production facility was scheduled to begin in the third quarter of 2025.
According to data from YouControl, in 2025 the company reduced its net sales revenue by 2.2% compared to 2024—to 1.733 billion UAH. Retained earnings as of early 2026 amounted to 346.2 million UAH.
Cherkasy Bus JSC, according to preliminary data, ended 2024 with a net profit of UAH 122.08 million, which is 33% less than in 2023, according to the information on the agenda of the company’s general meeting of shareholders for the previous year.
According to the draft decision of the meeting scheduled for April 11, the shareholders intend to leave 95%, or UAH 115.98 million, of the profit at the disposal of the company, and 5% (UAH 6.1 million) to be allocated to the reserve fund.
As reported, based on the results of 2023, the shareholders of Cherkasy Bus also allocated net profit for development.
The meeting will, in particular, approve the planned profit target for 2025 in the amount of UAH 102.84 million.
According to Cherkasy Bus, as of the beginning of 2025, its retained earnings amounted to UAH 267.28 million (UAH 151.3 million a year earlier).
In 2024, the company’s assets increased by 40.6% compared to 2023 to UAH 1 billion 132 million, including total receivables, which decreased by 7.7% to UAH 315.7 million, while inventories increased by 74.5% to UAH 658.1 million.
The company increased its current liabilities by 51.4% to UAH 543 million and long-term liabilities by 17.3% to UAH 137.1 million.
Net profit per share of UAH 2 amounted to UAH 1.5, compared to UAH 2.24 a year earlier.
Founded in 1994, Cherkasy Bus produces small class Ataman buses (including school buses) and other wheeled vehicles based on Japanese Isuzu units.
According to Clarity-project, in 2024, the company increased its net income by 2.6% compared to 2023, to UAH 1 billion 771 million.
According to the NSSMC, as of the third quarter of 2024, Oleksandr Dorosh, head of the Isuzu-Ataman Ukraine business, owns almost 42.29% of the shares of Cherkasy Bus, three individuals, including longtime Chairman of the Board Vitaliy Raabe, own 7.9275% each, and two more – almost 5.4% and 8.25%.
The authorized capital of the company is UAH 162.97 million.
Cherkasy Bus JSC ended 2023 with a net profit of UAH 182.44 million, which is 2.8 times higher than in 2022, according to the information on the agenda of the general meeting of shareholders of the JSC for 2021-2023.
According to the draft decision of the meeting scheduled for April 17, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the shareholders intend to keep the profit at the disposal of the company. The net profit of UAH 65.019 million received in 2022 and UAH 22.84 million for 2021 is also planned to be retained by the company.
The meeting also intends to approve the planned net profit for 2024 in the amount of UAH 52.72 million.
According to Cherkasy Bus, at the beginning of this year, its retained earnings amounted to UAH 151.3 million, while in 2022 and 2021, the uncovered loss amounted to UAH 22.6 million and UAH 88.9 million, respectively.
According to the agenda, the company’s shareholders intend, among other things, to approve the report of the Supervisory Board for 2021-2023, measures to improve the financial condition of the JSC in 2024 and maintain production facilities.
In addition, it is planned to introduce the position of corporate secretary, exclude the audit committee from the JSC’s bodies, and re-elect the supervisory board.
According to the company, in 2023, its assets increased by 53.6% to UAH 805.12 million, including total receivables, which almost doubled to UAH 342 million, and inventories increased by 43.8% to UAH 377.22 million.
The company has increased its current liabilities by 34.8% to UAH 358.8 million by 2022, while long-term liabilities grew slightly to UAH 116.9 million.
Founded in 1994, Cherkasy Bus produces small class Ataman buses (including school buses), as well as other wheeled vehicles based on Japanese Isuzu units.
The plant reportedly planned to invest UAH 200 million in the production of larger buses.
According to the Clarity-project website, in 2023 the company doubled its net income by 2022 to UAH 1 billion 725.8 million.
According to the NSSMC, as of the third quarter of 2023, Oleksandr Dorosh, business manager of Isuzu-Ataman Ukraine, owns 42.2883% of the shares of Cherkasy Bus, three individuals, including long-time Chairman of the Board Vitaliy Raabe, own 7.9275% each, and two others own 5.3999% and 8.2498%, respectively.
The authorized capital of the company is UAH 162.97 million.
