Business news from Ukraine

Business news from Ukraine

VUSO Insurance Company may allocate over UAH 20 mln for dividend payments

At a meeting to be held from November 27 to December 4, shareholders of IC “VUSO” (Kyiv) plan to decide on the allocation of UAH 20.013 million of confirmed undistributed profit for 2024 to dividend payments.

As reported by the company in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the remaining profit for 2024 in the amount of UAH 98.811 million is planned to be left undistributed.

The company also reports that the net confirmed undistributed profit for 2024 amounts to UAH 118.824 million.

The agenda of the meeting states that dividends will be paid at a rate of UAH 0.73 per share. Dividends will be paid in full directly to shareholders in accordance with the procedure established by law within six months from the date of the relevant decision by the general meeting of shareholders.

VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine and the Ukrainian Financial Services Association, a participant in the Agreement on Direct Settlement of Claims, and a member of the Nuclear Insurance Pool.

In 2024, the company collected UAH 3.462 billion in gross premiums, which is 29.3% more than in 2023, the company’s net premiums increased by 25.55% to UAH 3.105 billion, and net earned premiums increased by 15.83% to UAH 2.737 billion.

In 2024, VUSO Insurance Company paid out UAH 1.414 billion to its clients, which is 45.40% higher than the amount of insurance payments and reimbursements in 2023. Thus, the payout ratio increased by 4.52 percentage points (pp) to 40.85%.

As of January 1, 2025, the insurer’s assets increased by 25.76% to UAH 1.917 billion, equity capital by 22.45% to UAH 755.839 million, liabilities increased by 28.01% to UAH 1.161 billion, cash and cash equivalents increased by 36.09% to UAH 758.730 million.

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Stalkanat plans to allocate over UAH 2 mln in profits to dividends

Shareholders of PJSC “Production Association ”Stalkanat” (Odesa) intend to allocate UAH 2 million 86,615 thousand for dividend payments at a rate of UAH 0.01 per share from the 2024 profit.

According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), an extraordinary shareholders’ meeting is scheduled for November 21 of this year.

This decision was made by the company’s supervisory board on November 4.

There is one item on the agenda: a decision on the payment of dividends. It is proposed to pay dividends from part of the net profit for 2024 in the amount of UAH 2 million 86 thousand 615.06 at the rate of UAH 0.01 per share by direct payment to shareholders by May 21, 2026. The payment will be made directly to the shareholders’ accounts.

As reported, Stalkanat has previously decided several times to pay dividends to shareholders from the 2024 profit.

In 2024, Stalkanat reduced its net profit by 34% compared to the previous year, from UAH 280.060 million to UAH 184.808 million, but increased its net income by 33.3% to UAH 4 billion 436.786 million. Retained earnings for 2024 amounted to UAH 437.815 million.

Stalkanat is one of the largest manufacturers of steel ropes and reinforcement strands in Eastern Europe. It is the leader in the production of metal products in Ukraine.

According to the NDU data for the first quarter of 2025, David Nemirovsky owns 50% of the company’s shares, Anton Mikhalenko (non-resident) – 23.7%, and Maria Kondratyuk – 23.1%. The company previously reported that Vitaliy Dubovich owns 3.199998% of its shares.

The authorized capital of PJSC Stalkanat currently amounts to UAH 35.472 million, with a share par value of UAH 0.17.

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AB Stolichny will pay shareholders UAH 21.5 mln in dividends

Shareholders of PJSC Asphalt Concrete Plant AB Stolichny (Kyiv) have decided to pay dividends in the amount of UAH 21.5 million.

According to the company’s disclosure in the information disclosure system of the National Securities and Stock Market Commission of Ukraine (NSSMC), dividends will be paid in full through the depository system from November 13 to December 30, 2025, inclusive.

The dividend per share is UAH 0.3.
According to the company, its net profit in 2024 was UAH 1.7 million, compared to UAH 32.2 million in the previous year. At the same time, the company’s revenue grew by 42.5% and reached UAH 403.4 million.

According to information in the Opendatabot system, in the first quarter of 2025, AB Stolychny received UAH 66.8 million in revenue and UAH 7.1 million in net losses.
The shareholders of AB Stolychny are TAS Asset Management LLC (77.3%) and Serhiy Tihipko (22.6%), according to the company’s report in the NSSMC system.

AB Stolychny was established in 2004 on the basis of the Reinforced Concrete and Concrete Products Plant (until 1997 – the Concrete Products Plant municipal enterprise). It specializes in the production of asphalt concrete mix for road construction and major repairs, and also produces reinforced concrete structures for underground passages, collectors, and other engineering and communication facilities for road construction.

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Ukrnafta paid state UAH 22.5 bln in taxes and UAH 5 bln in dividends in January-September 2025

Ukrnafta JSC paid UAH 22.5 billion in taxes and UAH 5 billion in dividends to the state in January-September 2025, the company said on Monday, citing acting chairman of the board Yuriy Tkachuk.

“Thank you to the entire 20,000-strong team at Ukrnafta – the people who ensure stable production, network development, scientific research, and innovation even in the most difficult conditions,” he said.

Ukrnafta JSC is Ukraine’s largest oil producer and operator of the largest national network of gas stations, UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it completed a deal with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 663 gas stations.

The company is implementing a comprehensive program to restore operations and update the format of its network of gas stations. Since February 2023, it has been issuing its own fuel vouchers and NAFTA cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the corporate rights of the company that belonged to private owners and is now managed by the Ministry of Defense.

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State-owned company Ukrenergomashiny to receive UAH 661,000 in dividends for 2024

JSC Ukrenergomashiny (Kharkiv) ended January-June of this year with a net profit of UAH 0.49 million, compared to UAH 20.81 million for the same period last year.

According to the company’s financial report on its website, net income decreased slightly, by 3.4%, to UAH 468.85 million.

The company received UAH 13.84 million in operating profit (three times less), and gross profit exceeded last year’s figure by 20.2%, amounting to UAH 140.68 million.

As reported, in the first quarter of this year, UkrEnergoMashyn’s net profit increased by 35% compared to January-March 2024, to UAH 0.25 million, with net income growing by 23.4% to UAH 225.3 million.

Thus, in the second quarter, the plant received UAH 0.24 million in net profit (in April-June 2024 – UAH 20.62 million), while net income decreased by 19.5% to UAH 243.55 million.

JSC Ukrenergomashiny, more than 75.22% of whose shares are owned by the state, is the only manufacturer of turbine equipment for hydro, thermal, and nuclear power plants in Ukraine. It also produces electric motors for rail and urban transport.

According to the company’s annual report, in 2024, it more than doubled its net income to almost UAH 799 million and received UAH 0.88 million in net profit compared to UAH 0.2 million in 2023.

As reported, according to the decision of the shareholders, from October 1 to October 28 of this year, Ukrenergomashiny will pay dividends for 2024 in the amount of UAH 660,660 (75% of the net profit received) at the rate of UAH 0.00156 per share with a par value of UAH 0.25.

The average number of employees in 2024 was 2,739 thousand people (3,492 thousand in 2023).

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Shuvar will allocate UAH 5.6 mln for dividends based on results of 2024

Shuvar Agricultural Products Market LLC (Shuvar, Lviv) will pay shareholders UAH 5.6 million in dividends based on its performance in 2024 and will pay them out by October 31, 2025.

As reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant decision was made by the general meeting of the company’s participants at a meeting on September 1 of this year.

According to the minutes of the general meeting, dividends will be paid to persons who were members of the company on the date of the decision to pay dividends, in proportion to the size of their shares, on a monthly basis, starting in September 2025 and ending in October 2025. The total amount in September 2025, which is subject to accrual and payment to LLC participants, is UAH 2.8 million. The same amount will be paid to them in October this year.

Shuvar is the largest wholesale market for agricultural products in Lviv and Western Ukraine. The total area of the market is over 20 hectares. It is a member of the World Organization of Wholesale Markets. During the year, an average of 1.3 million cars visit the market. The market is part of the Shuvar group of companies, which is managed by Shuvar LLC.

According to data from Opendatabot, in 2024, Shuvar reduced its revenue by 5.6% to UAH 277.29 million and increased its net profit by 13.2% to UAH 91.23 million. Its debt obligations increased 2.6 times to UAH 143.92 million, assets increased by 25.8% to UAH 785.19 million, and the number of employees increased by 7 to 135.

 

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