Business news from Ukraine

Business news from Ukraine

VUSO Insurance Company plans to pay out over 20 million UAH in dividends from retained earnings for 2024

Shareholders of VUSO Insurance Company (Kyiv) plan to approve a resolution at the meeting scheduled for April 29 to allocate UAH 20.013 million from the remaining net undistributed profit for 2024, which totals UAH 98.811 million, for the payment of dividends.

As the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the remaining undistributed profit for 2024 in the amount of UAH 78.799 million will remain undistributed.

The meeting agenda 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 resolution by the general meeting of shareholders.

In addition, the shareholders plan to approve the results of financial and economic activities (annual financial statements) for 2025. And to leave the profit earned by the company in 2025 undistributed.

As reported, at a meeting held from December 4 to 9, 2025, the shareholders of IC “VUSO” decided to allocate UAH 20.013 million of the confirmed undistributed profit for 2024, amounting to UAH 118.824 million, for the payment of dividends. The remaining profit for 2024, amounting to 98.811 million, is to be retained.

VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine (MTIBU) and the Ukrainian Insurance Federation (UIF), a participant in the Direct Loss Settlement Agreement, 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 by 15.83% to UAH 2.737 billion. It paid out UAH 1.414 billion to clients, which is 45.40% higher than the volume of insurance payments and reimbursements for 2023.

As of January 1, 2025, the insurer’s assets increased by 25.76% to UAH 1.917 billion, equity by 22.45%

to UAH 755.839 million, liabilities increased by 28.01%—to UAH 1.161 billion,
cash and cash equivalents—by 36.09%, to UAH 758.730 million.

 

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Dniprospetsstal left its 2025 net loss uncovered; no dividends will be paid

PJSC “Electrometallurgical Plant ”Dniprospetsstal” (Zaporizhzhia) reported a net loss for 2025, as it did in 2024; the amount of the loss has not been disclosed.

According to the company’s announcement in the NSSMC’s information disclosure system regarding the remote general meeting of shareholders to be held on April 29, the agenda includes 11 items. In particular, the meeting is scheduled to review the reports of the company’s supervisory board and auditor for 2025, approve the results of financial and operational activities for the past year, and determine the procedure for covering losses.

In addition, the agenda includes reviewing the management board’s report on the consequences of the reduction in the company’s equity, reviewing and approving measures to be taken to improve the financial condition, and appointing an audit firm to conduct the mandatory audit of the financial statements. A decision is to be made on amending the company’s charter and approving agreements concluded by the company with Oschadbank JSC and OTP Bank JSC during 2025.

The draft resolutions, copies of which are available at the Interfax-Ukraine agency, propose to approve the results of the company’s financial and economic activities for 2025. Due to the absence of net profit, no dividends shall be declared and no contributions to the reserve fund shall be made. Losses shall be covered by profits from future periods.

In accordance with the recommendations of the company’s supervisory board audit committee, it is proposed to appoint Crow Erfolg Ukraine LLC as the audit firm to conduct the mandatory audit of the company’s financial statements for 2026.

As reported, Dniprospetsstal reduced its net loss by 25.3% in the first nine months of 2025 compared to the same period last year—to UAH 246.728 million; net revenue for this period increased by 0.8%—to UAH 4.245881 billion. Uncovered losses as of the end of September 2025 amounted to UAH 6.079011 billion. During the period, the plant reduced steel production by 40% compared to the same period last year—to 164,491 thousand tons from 272,622 thousand tons.

According to the annual report, based on the results of 2024, the plant reduced its net loss by 38.7% compared to 2023 — to UAH 582.427 million from UAH 950.510 million (the consolidated loss in 2024 amounted to UAH 588.606 million compared to UAH 950.664 million the previous year). At the same time, net revenue increased by 26.5%, to UAH 5.686039 billion from UAH 4.496158 billion. The accumulated loss as of the end of 2024 amounted to UAH 6.011880 billion.

In 2024, the plant produced 95,000 tons of steel (an increase of 20.8% compared to the previous year) and manufactured 71,400 tons of rolled steel (an increase of 30.8%).

The report noted that the majority of the group’s fixed assets (approximately 80%) are pledged as collateral. The group has a significant share of overdue loans and payments on accrued interest and is partially in breach of the financial covenants set forth in the loan agreements. As of the date of signing the report, the process of restructuring the loan agreements has not been completed. Some of the group’s real estate and land plots are also under seizure.

As of December 31, 2024, the Group’s net assets had a negative value of UAH 3,180,739 million (as of December 31, 2023, they amounted to UAH 2,537,876 million) and constitute less than 50% of the registered share capital. In addition, net assets in 2024 decreased by more than 25% compared to December 31, 2023.

These matters, events, or conditions, together with other matters, indicate that there is significant uncertainty that may cast significant doubt on the company’s ability to continue as a going concern, the report states.

The company temporarily suspended its own production from February to May 2022. At the end of May 2022, the company resumed production activities.

“Dniprospetsstal” is Ukraine’s sole producer of long products and forgings made from special steel grades: stainless, tool, high-speed, bearing, structural, as well as heat-resistant nickel-based alloys.

According to the National Securities and Stock Market Commission (NSSMC) data for the fourth quarter of 2025, its shares are held by Wenox Holdings Ltd. – 47.1128%, Boundryco Ltd. – 11.0131%, Gazaro Ltd. – 16.5197%, Crascoda Holdings – 6.6826%, and Middleprime Limited – 9.7901% (all based in Cyprus).

It was previously reported that in May 2008, the international investment and consulting group EastOne sold its approximately 30% stake in Dniprospetsstal, which had previously been held under the group’s mandate. Meanwhile, the plant’s new shareholders are linked to VS Energy International, whose beneficiaries include several Russian entrepreneurs.

The authorized capital of the private joint-stock company is UAH 49.720 million.

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Ukrenergomashiny to Allocate 75% of Its 2025 Profit to Dividends

JSC “Ukrenergomashiny” (Kharkiv), more than 75.22% of which is owned by the state, plans to allocate nearly UAH 2.305 million, or 75% of its net profit, to dividend payments based on its 2025 performance, according to a draft resolution of the general meeting of shareholders.

According to a notice of the meeting posted on the National Securities and Stock Market Commission’s disclosure system on April 23 of this year, the remaining 25% of the profit is planned to be retained as undistributed.

“Ukrenergomashiny” does not specify the amount of net profit earned last year, but according to calculations, it exceeded 3 million UAH.

As reported, last year the company paid dividends to shareholders for 2024 totaling UAH 0.66 million (or, in accordance with the state dividend policy, 75% of the net profit earned in the amount of UAH 0.88 million) at a rate of UAH 0.00156 per share with a par value of UAH 0.25.

At the meeting, shareholders plan, in particular, to approve the company’s main areas of activity for the current year and to ratify agreements with TAScombank.

JSC “Ukrenergomashiny” (formerly JSC ‘Turboatom’ and “Elektrovazhmash”) is Ukraine’s sole manufacturer of turbine equipment for hydroelectric, thermal, and nuclear power plants. It also manufactures, among other things, electric motors for rail and urban transport (the “Elektrovazhmash” product line).

In addition to the state, the company’s shareholders (according to the NSSMC as of the fourth quarter of 2025) include the “Seventh” investment fund, managed by the asset management company “Svarog Asset Management” and associated with entrepreneur Kostyantyn Hryhoryshyn, holding 15.3416% of the shares, non-resident Valery Valandin – 5.598% of shares.

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Ukrzernoimpex increased its net profit 9.2-fold to 17.3 mln UAH

In 2025, PJSC “Ukrzernoimpex” increased its net profit by 9.2 times compared to 2024—to UAH 17.27 million, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the draft resolution of the meeting scheduled for April 24, shareholders intend to allocate a portion of the net profit, amounting to UAH 2.33 million, for dividend payments. Each of the company’s two major shareholders—Anastasia and Oksana Podvalnikov—will receive UAH 1 million (after taxes). The remainder of the profit is planned to be retained by the company for production development.

Shareholders plan to approve the annual report and balance sheet for 2025 and determine the main areas of focus for 2026. They will also grant preliminary consent for the company to enter into significant transactions until April 24, 2027. Specifically, this involves the purchase of agricultural equipment and materials (pesticides, fertilizers, seeds) worth up to 25% of the company’s assets, as well as the sale of agricultural products worth up to 30% of the assets.

According to data from the Opendatabot service, the net profit of PJSC “Ukrzernoimpex” for 2025 increased 9.2-fold compared to 2024—to UAH 17.27 million. The company’s revenue for the reporting period increased by 25.8%—to UAH 111.28 million, while assets amounted to UAH 97.97 million. The company’s liabilities as of the end of 2025 totaled UAH 21.85 million. The company’s authorized capital is UAH 191,630.

PJSC “Ukrzernoimpex” (Kyiv) was founded in October 1994. The company’s primary business activity is the cultivation of grains, legumes, and oilseed crops. The company also specializes in pig breeding and providing truck transportation services. The company’s beneficial owners are Oksana and Anastasia Podvalnikova, each of whom owns 50% of the shares.

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“Oberig” to Put Dividends and Major Transactions on Agenda for Meeting

PJSC “Oberig” will hold its annual general meeting of shareholders on April 10, 2026. According to the published notice, shareholders are being asked to approve the 2025 results, distribute profits in the amount of UAH 20.224 million (allocating UAH 4 million to dividends), and approve a number of significant transactions, including those with a maximum value of up to UAH 50 million.

Oberig PJSC was registered in the Mykolaiv region in 2005 and is engaged in the cultivation of grain and oilseed crops.

According to Opendatabot, the company’s revenue in 2025 amounted to 127.64 million UAH, net profit to 20.224 million UAH, and assets to 232.6 million UAH.

https://www.fixygen.ua/news/20260317/oberig-vinese-na-zbori-pitannya-pro-dividendi-ta-veliki-ugodi.html

 

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Vyshnevsky Foundry and Forging Plant to Allocate 75% of Profits to Dividends

PJSC “Vyshnevsky Foundry and Forging Plant” (VLKP, Kyiv region) reported a 3.2% decrease in net profit for 2025 compared to 2024—down to UAH 2.892 million from UAH 2.987 million.

According to VLKS’s announcement in the National Securities and Stock Market Commission (NSSMC) disclosure system regarding the remote general meeting of shareholders to be held on April 27, eight items are on the agenda. In particular, the meeting plans to review the company’s supervisory board’s report on its work in 2025, approve the results of financial and operational activities for the past year, and distribute profits.

Additionally, the meeting will decide on the payment of annual dividends, approve their amount and method of payment, approve significant transactions, terminate the powers of Supervisory Board members, and elect new ones.

Draft resolutions, copies of which are available to the Interfax-Ukraine agency, propose approving the Supervisory Board’s report and the company’s financial and operational results for 2025. Net profit in the amount of UAH 2,891,991 thousand is to be distributed as follows: 75%, amounting to UAH 2,169,049 thousand, is to be allocated for the payment of dividends; 25%, or UAH 722,942 thousand, is to be retained as undistributed profit.

It is proposed to pay dividends based on the results of 2025 and to approve a dividend amount of 1.5133 UAH per share. The method of dividend payment shall be directly to shareholders.
As reported, based on its 2024 results, VLKZ saw its net profit decrease by 35.9% compared to 2023—from UAH 4.663 million to UAH 2.987 million—while the company’s net revenue fell by 25.7% to UAH 68.327 million. Retained earnings as of the end of 2024 amounted to UAH 12.594 million.

PJSC “VLKZ” was founded in 1990 on the basis of the foundry and forging shops of the Artem Kyiv Production Association. It specializes in the production of forged and cast products.
According to the State Registration Service data for the fourth quarter of 2025, resident individual Viktoria Gryshchenko owns 18.5947% of the company’s shares, resident individual Valentina Baeva owns 10.5216%, and JSC “Aviation and Rocket-Technical Engineering Company” holds 51.0001%.

Authorized capital: 358,000 UAH; par value: 0.25 UAH.

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