Business news from Ukraine

Business news from Ukraine

Oranta shareholders to allocate over UAH 40 mln for dividends

Shareholders of PJSC National Joint Stock Insurance Company Oranta (Kyiv) plan to allocate UAH 40.667 million of net profit for 2024 to pay dividends.

This is stated in the information system of the National Securities and Stock Market Commission (NSSMC) in the draft decisions of the company’s shareholders’ meeting scheduled for May 19.

During the meeting, shareholders also plan to approve the amount of dividends per ordinary registered share in the amount of UAH 0.20 and determine that the payment of dividends will be carried out through the depository system of Ukraine in accordance with the procedure established by the supervisory board of NASK Oranta.

As reported, NASK Oranta increased its premium income by 54% in 2024 to UAH 2.35 billion compared to the same period last year, while the volume of payments increased by 22% to UAH 155.2 million.
Over the past year, the company paid out UAH 657 million in claims, which is 25% more than in 2023. The increase in payments is associated with the growth of the portfolio and the number of settled insurance events.

Thus, UAH 487 million (+34%) was paid out under MTPL policies, and UAH 99 million under Green Card agreements. The volume of premiums from legal entities increased by 26% last year.
Its profit amounted to UAH 157 million thanks to an effective tariff policy and expansion of the customer base. Insurance reserves grew by 44% to UAH 1.35 billion, ensuring the insurer’s financial reliability.

NASK Oranta is the successor to Ukrderzhstrakh, founded on November 25, 1921, and has been operating in Ukraine for over 100 years.
The company has been a full member of the MTIBU since 1994 and a member of the Nuclear Insurance Pool since 2003.

The insurer’s main shareholder is the Ukrainian business group DCH. The company has 33 licenses for compulsory and voluntary types of insurance, its network includes over 400 representative offices, and its agency network brings together over 2,000 insurance experts.

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UPSK shareholders allocate UAH 11.2 mln for dividends for 2024

Shareholders of Ukrainian Fire Insurance Company (UPSK, Kyiv) at a meeting on May 1, 2025, decided to allocate UAH 11.2 million of undistributed profit for 2024 to dividends, the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

The dividend per share is UAH 0.7.

Earlier, the draft resolution of the shareholders’ meeting reported that UPSK’s profit for 2024 amounted to UAH 15.788 million, of which UAH 11.2 million was planned to be allocated for the payment of dividends and UAH 4.588 million was to be left undistributed.

As reported, UPSK shareholders at the meeting on November 5, 2024, considered the issue of allocating UAH 4.8 million of undistributed profit for 2023 to dividends, and at the meeting on May 7, 2024, UAH 25.6 million for 2022.

PJSC UPSK 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 has 36 licenses to conduct insurance activities: 20 for voluntary insurance and 16 for compulsory insurance.

According to the National Securities and Stock Market Commission, as of the second quarter of 2024, Alexander Mikhailov owns 99.999% of the insurer’s shares.

The insurer’s authorized capital is UAH 100 million.

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Arsenal Insurance will pay UAH 50 million in dividends for 2021 and 2022

Shareholders of Arsenal Insurance (Kyiv) decided at a meeting on May 7 to allocate UAH 34.705 million of undistributed profits for 2021 and UAH 15.395 million for 2022 to dividend payments, the company reported in the information disclosure system (NSSMC).

As stated in the report, the dividend per ordinary share will be UAH 167. Dividends will be paid directly to shareholders in proportion to the number of shares held by each of them from May 29 to June 27, 2025.

Insurance Company Arsenal Insurance is the successor to Insurance Company Arsenal-Dnipro, which has been operating in Ukraine since 2005. It is represented in all regional centers and some major cities of the country.

According to the NBU, the company is one of the top ten insurers in Ukraine in terms of premiums collected for the first nine months of 2024.

 

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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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