Business news from Ukraine

Business news from Ukraine

Zavalivsky Graphite Plant deepens losses, no dividends to be paid

Zavale Graphite Plant (ZGP, Zavalle, Kirovohrad region) increased its net loss by 11.7% in 2024 compared to 2023, from UAH 2.039 million to UAH 2.278 million.

According to the company’s disclosure in the National Securities and Stock Market Commission’s information disclosure system, a shareholders’ meeting will be convened on June 16 this year. There are nine items on the agenda, including the supervisory board’s report for 2024, approval of measures based on its review, as well as approval of annual reports and balance sheets for the past year, hearing of the conclusions of the audit report and approval of measures based on its review; approval of the results of financial and economic activities and the procedure for covering losses.

It is also planned to terminate the powers of the members of the supervisory board and elect new ones, as well as to adopt a decision on granting consent to significant transactions.

According to draft decisions, copies of which are available at Interfax-Ukraine, it is planned not to accrue or pay dividends.

The main product of ZGK is crystalline graphite, which is used in the production of foundry additives, coatings, foundry paints, sealing compounds, etc.

According to the NDU for the fourth quarter of 2024, Grafinvest LLC owns 78.9472% of the shares of ZGK.

PJSC ZGK includes a subsidiary, Zavalivsky Graphite LLC.

The authorized capital of PJSC is UAH 286,000, and the par value of a share is UAH 0.25.

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NKMZ to pay UAH 223 mln in dividends to shareholders in 2025

PJSC Novokramatorsk Machine-Building Plant (NKMZ, Kramatorsk, Donetsk region) will pay dividends to shareholders totaling UAH 223.314 million in the period from May 29 to November 1 this year at the rate of UAH 1 thousand per share (par value UAH 400).

According to a publication in the NSSMC’s information disclosure system, the decision to pay dividends was made by the company’s general shareholders’ meeting on April 28, and the supervisory board on May 5.

According to the NSSMC, as of the fourth quarter of 2024, the company’s president, Georgiy Skudar, owns more than 8.97% of NKMZ shares, while Galina Savenko and Elena Yakovleva, respectively, own almost 33.586% and 33.63% (according to media reports, Skudar’s daughters – IF-U). Since December 2023, the Supervisory Board of NKMZ has been chaired by the company’s Vice President Dmytro Skudar.

As reported, the shareholders allocated the entire net profit of UAH 36.33 million received in 2024, as well as part of the previously unused profit in the amount of UAH 186.98 million, to pay dividends.

According to the company, retained earnings as of the beginning of this year exceeded UAH 2.34 billion.

According to the company, NKMZ’s net income in 2024 increased by 3.2 times year-on-year to UAH 1 billion 146 million, including exports to Europe and Asia worth UAH 941.3 million (82%).

In 2024, Slovakia, Lithuania, Egypt and Luxembourg were added to the list of NKMZ’s largest importing countries along with Uzbekistan, Kazakhstan (where exports decreased 12.3 times over the year) and India (where exports increased 31 times). Deliveries in Ukraine increased 5.2 times to UAH 204.6 million.

In 2023, the plant suffered a loss of UAH 856.93 million.

As reported, NKMZ, whose facilities were forced to be mothballed with the start of Russia’s full-scale military invasion of Ukraine, began to partially resume operations on October 1, 2023.

Last year, the workers were forced to stand idle from January 29 to March 1 “due to irregular production and economic activities, lack of centralized heating of production units and saving of fuel and energy resources.”

NKMZ is a city-forming enterprise in Kramatorsk and the largest in Ukraine for the production of rolling, metallurgical, forging and pressing, hydraulic, mining, lifting and transport, hydraulic and railway equipment.

As of the beginning of 2023, the average number of its employees exceeded 7.2 thousand, and as of the beginning of 2025, it was 5.660 thousand.

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“Kyiv Radio Plant” to pay UAH 285 thousand in dividends to shareholders

Kyiv Radio Plant JSC, 50% of which is owned by the State Committee of Ukraine (SCU), will pay dividends to shareholders totaling UAH 285.6 thousand from May 14 to June 14 this year at the rate of UAH 0.001019 per share of UAH 0.25.

According to the publication in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant decision was made by the general meeting of shareholders on April 28, 2025.

The State Treasury owns 140 million 181 thousand 999 shares of the company, while the second shareholder, Sodruzhestvo-Progress PrJSC, owns two more shares. The authorized capital of Kyiv Radio Plant JSC is UAH 70.09 million.

The plant’s main specialization is the production of aircraft and spacecraft and related equipment. The company also designs and manufactures elevators.

According to Opendatabot, in 2024, the plant earned UAH 0.357 million in net profit (a year earlier – UAH 0.285 million), while net income decreased by 9% to UAH 162.3 million.

At the beginning of this year, the plant employed 115 people.

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Vodafone Ukraine to pay UAH 702 mln in dividends for 2024

Ukraine’s second largest mobile operator, Vodafone Ukraine (VFU), has decided to pay its shareholders an annual dividend of UAH 702 million for 2024 on its ordinary shares.

The relevant decision was made by the shareholders of VF Ukraine at the annual general meeting on April 24, 2025, the company reported on its website.

The amount of dividends per ordinary share of the company is UAH 0.90 (ninety kopecks).

The payment will be made by October 24, 2025.

In 2023, the company paid UAH 1.81 billion in dividends to Telco Solutions and Investments LLC and UAH 18.28 million to PPT Telecom Kyiv.

The company’s financial report for 2024, published in early April, stated that it would not pay dividends to shareholders in 2024.

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

“Vodafone Ukraine is Ukraine’s second largest mobile operator providing 4G broadband, fixed-line and internet services. Vodafone’s investments in the period of active construction of high-speed networks in 2015-2024 reached UAH 48.5 billion. Vodafone services are used by 15.8 million customers in Ukraine. Since December 2019, Vodafone Ukraine has been part of NEQSOL Holding.

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JTI Ukraine to pay UAH 276 mln in dividends to shareholder

Tobacco manufacturer JTI Ukraine (Kremenchuk, Poltava region), a member of the Japan Tabacco Inc. group of companies, will pay dividends of UAH 276 million, according to a decision made by the general meeting on April 10.

“Dividends are to be paid in monthly installments within six months from the date of the decision. The method of payment of dividends is directly to the shareholder by transferring these funds by the company in US dollars to the shareholder’s cash account – JT International Holding B.V. (Netherlands),” the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

It is noted that the dividend payment period is set from April 26 to October 8 this year.

The amount of dividends in foreign currency to be paid will be determined at the commercial rate of the authorized bank on the date of purchase of foreign currency. In case of payment of dividends from own funds in foreign currency, the recalculation is carried out at the official exchange rate of the National Bank of Ukraine on the date of payment.

According to the YouControl system, JT International Ukraine increased its net profit by 8.0% to UAH 981.21 million in 2024, while its revenue increased by 17.0% to UAH 6 billion 748.22 million.

JT International Holding B.V. owns 100% of the company.

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“Galnaftogaz” may allocate UAH 1.26 bln for dividends

JSC Concern Galnaftogaz may allocate most of its net profit for 2024 in the amount of UAH 1.424 billion, namely UAH 1.26 billion, for dividends, so that UAH 165.67 million is left undistributed at the disposal of the company, according to the information disclosure system of the National Securities and Stock Market Commission.

It is reported that the initiative to distribute net profit at the shareholders’ meeting scheduled for April 30, 2025 belongs to the Cyprus-registered shareholder of GNG RETAIL LIMITED (Vitaly Antonov’s GNG RETAIL LIMITED), which owns 99.22619% of the company’s shares.

Another draft resolution on the distribution of net profit provides for leaving it undistributed at the disposal of the company.

As reported, Galnaftogaz operates one of the largest networks of OKKO filling stations, which includes more than 400 complexes with a network of catering facilities. The concern also includes other businesses.

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

Recently, OKKO Group CEO Vasyl Danyliak said that its 20 MW energy storage facility, which was completed at the end of 2024, could start providing power system balancing services to NPC Ukrenergo next month.

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

According to him, active preparations are underway for the construction of a 147 MW wind farm in Volyn region, for which a number of IFIs have provided loans: the company plans to complete the first phase of the wind farm by the end of this year, and it will be fully operational at the end of the first quarter of next year. In addition, Danyliak noted that further plans include the implementation of a larger project in the Volyn region – a 190 MW wind farm, which the company has been working on for the past two years. He estimated its cost at EUR300 million, while the 147 MW wind farm is worth EUR240 million. According to him, the company is working with various financial institutions to raise funds for this project.

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