Business news from Ukraine

Business news from Ukraine

“Hartron” will allocate 75% of its 2025 profit—20.23 mln UAH—to dividends

JSC “Hartron” (Kharkiv), 50%+1 share of which is owned by the state, plans to allocate UAH 20.23 million, or 75% of its net profit of nearly UAH 27 million, to pay dividends to shareholders for 2025.

According to the draft resolution of the general meeting of shareholders scheduled for April 15, dividends are planned to be paid at a rate of nearly UAH 0.23 per share with a par value of UAH 0.25.

The amount of dividends attributable to the state’s stake will be UAH 10.115 million.

“Due to the replenishment of the reserve fund to 25% of the authorized capital, no contributions to the reserve fund will be made; retained earnings amount to UAH 6.744 million,” the statement reads.

As previously reported, based on its 2024 results, “Hartron” planned to allocate 75% of its net profit, or nearly 18.113 million UAH, for dividend payments, calculated at 0.21 UAH per share with a par value of 0.25 UAH. Net profit for 2024 amounted to UAH 24.15 million.

The shareholders’ meeting plans, in particular, to elect the supervisory board for a new term.

“Hartron,” founded in 1959, operates in market segments such as the rocket and space industry, energy (including nuclear), and rail transport. The ‘Hartron’ group of companies includes JSC “Hartron” itself and a number of subsidiaries established with its participation.

According to data from the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2025, the major shareholders of JSC “Hartron,” aside from the state, are Chairman of the Board Mykola Vakhn (18.29%) and Volodymyr Kucherenko (18.2856%).

There is no information in open sources regarding the company’s net sales revenue for 2024 and 2025.

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“Mlybor” plans to offset its 2025 losses using retained earnings

PJSC “Mlybor” (Chernihiv), a subsidiary of the IMC agricultural holding, plans to offset its 2025 losses using retained earnings and not to pay dividends, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the draft decision of the annual general meeting scheduled for April 3, 2026, shareholders will also consider the issue of preliminary approval of significant transactions in the amount of up to $100 million for a period of one year.

As stated in the meeting agenda, this involves obtaining loans and banking products from Raiffeisen Bank JSC with a limit of up to UAH 500 million and extending the existing collateral to cover the updated financing terms, valid until September 2029. At the same time, the total limit under the general agreement is set at the equivalent of $11.5 million.

The company plans to extend the existing mortgage and pledge on the obligations of Chernihiv Industrial Dairy Company LLC and Agroprogress Private Enterprise to Raiffeisen Bank.

In addition, the meeting intends to approve the reports of the supervisory board and the executive body for 2025, as well as the external audit findings and the company’s annual report. Shareholders will consider the approval of related-party transactions that may be conducted during the year in an amount exceeding 1% of the value of assets, and will approve transactions conducted between April 2025 and April 2026.

Shareholders are also being asked to terminate the powers of the current members of the supervisory board effective April 15, 2026, and to elect new members through cumulative voting. No remuneration will be paid to board members, and the terms of their contracts will be approved at the meeting.

According to data from the Opendatabot service, Mlybor PJSC’s revenue in 2025 increased by 39.3%—to UAH 85.54 million compared to UAH 61.41 million in 2024. The company’s net loss amounted to UAH 44.00 million, compared to a loss of UAH 33.99 million a year earlier. As of the end of the reporting period, the company’s assets were valued at 331.85 million UAH, and total liabilities at 155.16 million UAH. The profitability ratio stood at “minus” 51.44%.

Mlybor PJSC is one of the key elevators of the IMC group, located in Chernihiv. It has the capacity to simultaneously store 102,000 tons of grain (wheat, corn, sunflower) and two grain dryers with a capacity of 3,500 tons/day. The beneficiary of the company is Oleksandr Petrov.

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Khorol Mechanical Plant will allocate UAH 20.2 mln from its UAH 86 mln profit to dividends

Agricultural equipment manufacturer Khorol Mechanical Plant (KMP, Khorol, Poltava region) plans to allocate nearly UAH 20.2 million, or 23.5% of its net profit of UAH 85.85 million for the past year, to dividend payments for 2025.

According to the draft decisions of the general meeting of shareholders, the announcement of which was published on April 17 in the disclosure system of the National Securities and Stock Market Commission (NSSMC), dividends are planned to be paid directly to shareholders at a rate of UAH 1.72 per share.

The remaining net profit in the amount of UAH 65.65 million is proposed to be directed to the development of production, replenishment of working capital, and resolution of social issues.

According to the plant’s financial report, it received UAH 110.8 million in net profit in 2024, meaning that in 2025, this figure decreased by 22.5%. Net income in 2024 amounted to UAH 405.3 million.

According to its information, from May 9 to October 18, 2025, the shipyard paid shareholders dividends for 2024 in the amount of UAH 13.15 million (almost 12% of profit) at a rate of UAH 1.12 per share, and allocated the rest of the profit to development.

According to the NSSMC data for the fourth quarter of 2025, the company’s shareholders who own more than 5% of the authorized capital are the chairman of the board, Mykhailo Mishchenko (23.98% of shares), and Mykola Melnyk (almost 5.25%).

KHMZ specializes in the manufacture of equipment for grain storage and cleaning; production of mixed fodder, cereals, flour, oil, and sowing materials; aspiration systems; mechanical grain transportation; production of fuel pellets, briquettes, etc.

As reported, in November 2025, the company began the process of localizing production in Turkey, choosing Izvik Makina Muhendislik as its main partner.

The stages of localization include large-scale assembly, equipping products with electric motors and gear motors from Turkish manufacturers, and the phased organization of the production of components and parts in Turkey, in particular on the principles of outsourcing (by mutual agreement).

According to YouControl, in 2025, KhMZ reduced its net sales revenue by 28.3% compared to 2024, to UAH 290.6 million.

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Interkonditsioner will allocate UAH 1 mln for dividends based on results of 2025

Interkonditsioner JSC (Kharkiv) plans to allocate UAH 1 million for dividend payments for 2025, or 42% of the net profit of UAH 2.38 million received last year.

According to the draft decisions of the general meeting of shareholders, the announcement of which was published on April 15 in the disclosure system of the National Securities and Stock Market Commission (NSSMC), dividends are planned to be paid at the rate of UAH 625 per share (with a par value of UAH 1,000).

The rest of the net profit is proposed to be left undistributed.

Based on the company’s performance in 2024, it allocated UAH 0.8 million of its net profit of UAH 2.31 million to dividends at a rate of UAH 500 per share.

As of the fourth quarter of 2025, according to the NSSMC, Serhiy Boiko owns 37.75% of the company’s authorized capital, Ruslan and Nadiya Ostapenko own almost 40.59% and 17.44%, respectively, and the ultimate beneficiaries, according to opendatabot, are Serhiy Boiko and Dmytro Ruslanovych Ostapenko.

At the meeting, shareholders plan, in particular, to re-elect the members of the supervisory board.

Founded in 1996, Interkonditsioner is, according to its information, Ukraine’s largest manufacturer of a wide range of equipment for air conditioning, industrial and general ventilation, emergency smoke removal and air heating systems, and provides installation and maintenance services.

The company’s equipment is used in large enterprises, shopping and office centers, hotels, supermarkets, and healthcare facilities.

According to opendatabot, in 2025, the company increased its sales revenue by 22.2% compared to 2024, to UAH 100.6 million.

The authorized capital of Interkonditsioner JSC is UAH 1.6 million.

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Galka will allocate UAH 4.9 mln for dividends based on results of 2025

Coffee producer PJSC Galka (Lviv) plans to allocate UAH 4,882,200 from its 2025 profits to dividend payments, the company announced in the agenda of its general meeting in the NSSMC database.

According to the draft decision of the meeting, which is scheduled for March 27, 2026, and will be held remotely, as published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the dividend per ordinary registered share will be UAH 13.95.

The payment is planned to be made within six months from the date of the decision by transferring funds to the shareholders’ bank accounts or through the company’s cash desk.

In addition to the distribution of profits, the shareholders plan to review the reports of the supervisory board and the management board for 2025, as well as approve measures based on the results of the audit report. The agenda also includes the appointment of LLC “Audit Consulting Firm ”Business Partners” as the audit entity to audit the company’s financial statements for 2026-2028.

In addition, the meeting will consider the approval of significant related-party transactions involving the lease of real estate. Specifically, this concerns two lease agreements for production and storage facilities in Lviv at 1 Zapovitna Street, concluded with the joint venture Galka LTD. The market value of the leased properties under these agreements is UAH 3.33 million (14.12% of the value of assets) and UAH 1.75 million (7.4% of the value of assets) excluding VAT.

PrJSC Galka was established in 1994 on the basis of the Lviv coffee factory, which began operations in 1932 as the Lviv Cooperative Factory of Coffee Additives Suspilny Promysl. Since its inception, it has specialized in the production of chicory and malt coffee “Luna” and coffee substitute “Pražin.” In 1971, the company installed equipment from Niro Atomizer for the production of instant coffee, which the Lviv coffee factory began to export. The Ukrainian-English manufacturer Galka currently has a capacity of 120,000 packs of coffee per day.

According to data from Opendatabot, Galka PJSC slightly increased its revenue by 0.3% in 2025 to UAH 5.296 million compared to UAH 5.274 million in 2024. The company’s debt obligations increased by 19.7% to UAH 603,600 (compared to UAH 504,200 a year earlier), while the value of assets decreased by 8.4% to UAH 22.07 million.

The major shareholders are Yaroslav Volynets (8.87%), Lidiya and Andriy Volynets (6.86% each), Yuriy Dubovoy (7.86%), Olga Dubova (7.71%), and Nataliya Dubova (7.14%). Vladimir Pasternak (7.64%), Roman Pasternak (7.14%), Irina Popovich (7.14%), and Holding Galka LLC (19.39%) also hold shares.

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Grafia Ukraine to pay over UAH 117 mln in dividends for 2020–2024

Grafia Ukraine JSC (Cherkasy), part of the European cardboard packaging manufacturer MM Group, plans to pay shareholders more than UAH 117.35 million in dividends from undistributed profits based on the results of 2021, 2023, 2024, and 2020 at a rate of UAH 199.58 per share.

The relevant plans are included in the agenda of the general meeting of shareholders on March 20, which is expected to make some changes to the distribution of profits for the above-mentioned years and the procedure for covering the losses incurred in 2022, which were approved by the general meeting of shareholders of the company on October 17 last year. In particular, it is planned to allocate the undistributed profit for 2021 in the amount of UAH 35.229 million, for 2023 in the amount of UAH 14.225 million, and for 2024 in the amount of UAH 55.31 million entirely to the payment of dividends.

At the same time, it is proposed that UAH 0.587 million of the retained earnings for 2020 in the amount of UAH 13.175 million be used to cover losses based on the results of operations in 2022, and UAH 12.587 million be used to pay dividends.

Shareholders are proposed to leave undistributed profit from the results of operations in 2024 in the amount of UAH 2.51 thousand.

The Ukrainian-German joint-stock company Graphia Ukraine was established in 1995 on the basis of the Cherkasy Regional Printing House named after the Pravda newspaper and at the same time began to receive investments from the German concern Graphia.

In 2002, the Austrian Mayr-Melnhof Group acquired the Graphia group of companies. In the summer of 2008, MM Group opened another cigarette packaging plant, MM Packaging Ukraine, in Cherkasy.

Grafia Ukraine produces packaging for international food and cigarette manufacturers using offset and flexographic printing technologies – flip-top packaging for cigarettes, display packaging, inner frames, inner packaging papers, soft labels, inserts, packaging for food products and personal hygiene products.

According to the company’s 2024 report, it increased its net profit almost fourfold compared to the previous year, to UAH 55.3 million, with net revenue growing by 82% to UAH 358.2 million. According to Opendatabot, in 2025, the company’s net profit amounted to UAH 38.2 million, and net income amounted to UAH 291.5 million.

According to the National Securities and Stock Market Commission, at the beginning of this year, almost 94.78% of the company’s shares belonged to the German company Gundlach GmbH.

The company’s authorized capital is UAH 5.88 million, and the nominal value of a share is UAH 10.

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