Business news from Ukraine

Business news from Ukraine

“Stalkanat” Plans to Allocate 121 Mln UAH for Dividends

Shareholders of PrJSC “Production Association Stalkanat” (Odesa) intend to allocate 121 million 23,673 thousand UAH for dividend payments, at a rate of 0.58 UAH per share from last year’s profits.

According to the company’s filing with the National Securities and Stock Market Commission (NSSMC), the shareholders’ meeting is scheduled for July 30 of this year.

The agenda includes two items: a decision on the payment of dividends and amendments to civil law contracts concluded with members of the supervisory board.

According to the draft resolutions reviewed by the agency “Interfax-Ukraine,” the plan is, in particular, to pay dividends from a portion of the net profit for 2025 in the amount of 121,023,673.48 UAH This amounts to 0.58 UAH per share, to be paid directly to shareholders. The deadline for dividend payments is January 30, 2027.

As previously reported, at a meeting on March 12 of this year, Stalkanat’s shareholders intended to allocate 89,724,447 thousand UAH for dividend payments, calculated at 0.43 UAH per share from last year’s profit.

In 2025, Stalkanat reported a net profit of 590.809 million UAH, compared to 184.808 million UAH in 2024. Meanwhile, revenue from ordinary operations for the past year increased by 20.2% to 5 billion 334.152 million UAH.

In 2024, the company saw its net profit decline by 34% compared to the previous year—to 184.808 million UAH from 280.060 million UAH. At the same time, it increased its net revenue by 33.3%, to 4 billion 436.786 million UAH.

The average number of employees in 2024 was 1,056 thousand people, and the average income per employee was 34,632 thousand UAH.

In 2023, Stalkanat saw its net profit decline by 13.8% compared to 2022—to 280.060 million UAH from 325.073 million UAH—but increased its net revenue by 3.1%, to 3 billion 328.170 million UAH.

“Stalkanat” is one of the largest manufacturers of steel ropes and rebar strands in Eastern Europe and the leading producer of metal products in Ukraine.

According to the State Registration Service data for the first quarter of 2026, David Nemirovsky holds 50% of the shares, Anton Mykhalenko (non-resident) holds 24.9%, and Maria Kondratyuk also holds 24.9%.

The authorized capital of Stalkanat PJSC is 35.472 million UAH, and the par value of each share is 0.17 UAH.

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“Promarmatura” Will Allocate 4.1 Mln UAH for Dividend Payments

PrJSC “Promarmatura” (Dnipro) has allocated 4 million 65.383 thousand UAH of its retained earnings for dividend payments.

According to the company’s filing with the National Securities and Stock Market Commission’s disclosure system, this decision was adopted at an extraordinary general meeting of shareholders held remotely on June 19.

“The retained earnings earned by the company as of the end of 2025, amounting to 127.280 million UAH, shall be distributed as follows: a portion of the retained earnings in the amount of 4 million 65.383 thousand UAH shall be allocated for payment to the company’s shareholders in the form of dividends; the remaining portion of retained earnings shall not be distributed but shall remain at the company’s disposal for the fulfillment of its statutory purposes. The company’s reserve capital shall not be replenished, as it has been fully formed,” the meeting’s resolutions state.

At the same time, the total dividend per common share was approved at 24.50 UAH.

Dividend payment schedule: the company will pay dividends in installments on a monthly basis throughout the dividend payment period.

As previously reported, according to the annual report of PrJSC “Promarmatura,” the company posted a net profit of 4.198 млн UAH for 2025, compared to a loss of 2.304 млн UAH in 2024. Net revenue for this period rose to 250.448 million UAH from 188.732 million UAH. The company’s retained earnings as of the end of 2025 amounted to 127.280 million UAH. In 2023, the plant reported a net profit of 11.407 million UAH, compared to a net loss of 29.995 million UAH in 2022.

Promarmatura was founded in December 1994 and operates in the pipeline valve market.

According to data from the National Securities and Stock Market Commission (NSSMC) for the first quarter of 2026, two individuals—Ukrainian citizens Igor Mezebovsky and Oleksandr Chelyadin—each own 50% of the shares in the private joint-stock company.

The company’s authorized capital is 7.218 million UAH.

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Vodafone Ukraine to redeem Eurobonds worth $1.11 mln due to dividend payments

Ukraine’s second-largest mobile operator, Vodafone Ukraine (VFU), has announced a proposal to buy back its Eurobonds worth $1.11 million in connection with the company’s first monthly dividend payment to shareholder Telco Investments B.V. in the amount of UAH 46.092 million on May 14 this year.

As the company explained in a stock exchange announcement on Friday, according to changes made by the National Bank of Ukraine on December 21, 2024, it is now permitted to pay dividends abroad on a monthly basis in an amount not exceeding EUR 1 million per month.

Accordingly, on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024 and intends to pay them in separate monthly dividend payments. Each such monthly dividend is expected to amount to the equivalent of EUR1 million in hryvnia.

The company emphasized that, in accordance with the terms of the bond issue, in such a case it must offer all bondholders the opportunity to apply for the sale of their bonds for an amount equal to the amount of dividends paid outside Ukraine.

According to the announced terms, the bonds will be redeemed at 99% of their face value.

VFU recalled that a total of $300 million worth of bonds maturing in February 2027 with a nominal interest rate of 9.625% per annum were issued, of which the company currently holds $0.5 million worth of bonds.

Applications for participation in the buyback will be accepted until June 6 inclusive.

As reported, VFU increased its revenue by 13.1% to UAH 24.44 billion in 2024, while reducing its net profit by 30.1% to UAH 3.54 billion.

In January-March 2025, revenue grew by 14% compared to the same period in 2024, to UAH 6.59 billion, while net profit fell by 24% to UAH 697 million.

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Galnaftogaz will allocate UAH 1.26 bln of profit to dividend payments

The general meeting of shareholders of JSC Concern Galnaftogaz has decided to allocate most of its net profit for 2024 to dividend payments, according to the SMIDA information disclosure system.

According to the report, the total amount of dividends payable for last year is UAH 1.26 billion. The dividend per share is UAH 0.064. The payment period is from May 26 to October 30, 2025 (inclusive).

In accordance with this decision, on May 8, the board of directors of the concern decided to set May 23 as the date for compiling the list of persons entitled to receive dividends.

As reported, at the end of 2024, JSC Concern Galnaftogaz received UAH 1.424 billion in net profit. “Our company pays dividends from one business and reinvests the funds in the creation of new infrastructure and jobs in Ukraine in others. We are talking about our projects in renewable energy – we are building a 147 MW wind farm, with plans for a second phase with a larger capacity of 190 MW; a biofuel production plant is also under construction, and we are developing the agricultural sector. Investments in alternative energy alone amount to over €600 million. These projects are being implemented despite all the military risks, which demonstrates our company’s long-term business motivation within the country,” commented Vasyl Danylyak, CEO of the OKKO group of companies.

Vitaliy Antonov, a shareholder of GNG RETAIL LIMITED registered in Cyprus, who owns 99.22619% of its shares, initiated the distribution of profits at the shareholders’ meeting on April 30, 2025, as follows: UAH 1.26 billion for dividends and UAH 165.67 million to be left undistributed at the disposal of the joint-stock company.

Another draft resolution of the meeting on the distribution of profits provided for leaving it undistributed at the disposal of the joint-stock company.

Galnaftogaz manages one of the largest OKKO fuel station chains, which has over 400 complexes with a network of catering establishments. The concern also includes other businesses.

In June 2024, the EBRD and OKKO signed a EUR60 million loan agreement at the Ukraine Recovery Conference in Berlin for the construction of a new bioethanol plant in the Ternopil region with a capacity of 83,000 tons per year. It is planned to be built in two years. The products will be sold on foreign and domestic markets.

Recently, Vasyl Danylyak, CEO of the OKKO group of companies, announced that its 20 MW energy storage facility (ESF), which was completed at the end of 2024, could start providing energy balancing services to NEC Ukrenergo next month.

He also noted that the group is diversifying its business and, as part of this diversification, is developing a number of projects in renewable energy.

According to Danylyak, active preparations are underway for the construction of a 147 MW wind farm in the Volyn region, with financing provided by a number of international financial institutions. The company plans to complete the first phase of the wind farm by the end of this year, with full capacity expected to be reached by the end of the first quarter of next year.

Danylyak also announced further plans to implement a larger project in the Volyn region – a 190 MW wind farm, which has been under development for the past two years. Its cost is estimated at EUR 300 million, while the 147 MW wind farm is estimated at EUR 240 million.

According to him, the company is working with various financial institutions to raise funds for this project.

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UPSC to allocate UAH 25.6 mln for dividend payment

The shareholders of Ukrainian Fire Insurance Company (Kyiv) at a meeting on May 7 decided to allocate UAH 25.6 million for dividends, according to the company’s information posted in the NSSMC system.

The amount of dividends per share is UAH 1.6.

As reported, the company planned to allocate the retained earnings of “UPSK” for 2022 to pay dividends.

“UPSC” PrJSC was registered in 1993. It specializes, in particular, in insurance of motor vehicles, financial risks, tourists, property, cargo and luggage.

The insurer is a member of the Motor (Transport) Insurance Bureau of Ukraine and holds 36 insurance licenses: 20 for voluntary insurance and 16 for compulsory insurance.

The authorized capital of the insurer is UAH 100 million.

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“Vodafone Ukraine” resumes dividend payments

In 2023, mobile operator Vodafone Ukraine resumed paying dividends, having not paid them in 2022, according to its annual report posted on the company’s website on Tuesday.

“In 2023, the company declared dividends to shareholders totaling UAH 1.828 billion, or UAH 2.33 per share,” the report says.

It is stated that as of December 31, 2023, all declared dividends have been paid. In particular, Telco Solutions and Investments LLC received a dividend of UAH 1.810 billion on August 9, and PPT Telecom Kyiv received a dividend of UAH 18.28 million on October 26.

As noted, Vodafone Ukraine did not pay dividends to shareholders in 2022.

Earlier it was reported that in 2023, Vodafone Ukraine increased its revenue in hryvnia by 9% to UAH 21.6 billion, while reducing it in dollars by 4% to $591 million. At the same time, net profit increased 4.6 times to UAH 5.07 billion and 4.1 times to $139 million, respectively.

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