JSC “Concern-Electron” (Lviv) ended 2025 with a consolidated net profit of UAH 17.22 million, which is 3.3 times less than the corresponding figure for 2024, according to the company’s financial statements.
According to the consolidated financial report published on the group’s website, net revenue for the past year decreased by 10.4% to 671.1 million UAH.
In addition to the parent company, the “Concern-Electron” group includes 12 assets, and according to the financial statements of the parent company, JSC “Concern-Electron,” it reduced its net profit by more than four times last year—to 12.6 million UAH, with net revenue amounting to 0.39 million UAH (the same as in 2024).
According to the draft resolutions of the general meeting of shareholders scheduled for April 27, the Concern plans to allocate UAH 15 million for dividend payments at a rate of UAH 1 per share (with a par value of UAH 3.5).
“The financial results allow for the payment of dividends to shareholders in an amount no less than last year,” the company’s report states.
The owners of more than 5% of the shares of JSC “Concern-Electron” are President and Chairman of the Management Board Yuriy Bubes (5.6% of shares), Chairman of the Supervisory Board Serhiy Medvedev (5.05%), as well as Viktoria Starodub (11.5%) and Mykhailo Sholomitsky (6.43%).
According to the report, the manufacturer of car heaters and heat exchangers, “Sferos-Electron,” recorded the highest sales and profit figures within the concern in 2025, increasing its net revenue by 15% to UAH 250 million and its net profit by more than 45% to UAH 43 million.
At the same time, one of the group’s main assets—the vehicle manufacturer Electronmash Plant LLC—reported a 2.9-fold drop in net revenue to 84 million UAH and a loss of over 23 million UAH.
However, the report notes that last year the plant delivered the first four trolleybuses with autonomous range to Ivano-Frankivsk, and in March 2026 delivered another five to the carrier.
“According to the requirements of the contract documentation, the trolleybuses must provide an autonomous range of at least 15 km. At the same time, thanks to the implementation of modern technical solutions, the actual range in autonomous mode exceeds 50 km,” the concern states.
Work is also continuing on the contract to supply 17 trolleybuses to Ternopil (funded by the EBRD) and 9 electric buses to Uzhhorod.
Contracts have also been signed for the delivery of 48 low-floor buses with Euro 6-compliant engines to Lviv and five buses to Rivne.
“The plant plans to manufacture and deliver these buses in 2026,” the document states.
In addition, Elektrontrans LLC completed a project to retrofit ten Lviv trolleybuses with an autonomous driving system. In 2025, six such trolleybuses were transferred to Lvivelektrotrans.
