State-owned LLC “Land Bank” transferred UAH 369 million in dividends to the state budget based on its 2025 performance, representing 95% of the company’s net profit, the operator’s press service reported on its Telegram channel.
According to the report, this figure is one of the highest in terms of profit return to the state among enterprises under the management of the State Property Fund of Ukraine (SPFU).
“This is an example of how state assets can function as a fully-fledged economic instrument. The Land Bank proves that instead of passive holding, the state can achieve tangible financial results,” emphasized SPFU Chairman Dmytro Natalukha.
According to the CEO of State Land Bank LLC Yaroslav Yaroslavsky, based on last year’s results, the company made it onto the list of major taxpayers, ranking 12th among state-owned enterprises by revenue alongside giants such as “Naftogaz,” “Ukrenergo,” and “Ukrzaliznytsia.”
The “Land Bank” is a state-owned operator established to manage agricultural land through a long-term lease mechanism. 100% of the company’s shares are owned by the state, represented by the State Property Fund of Ukraine.
The project was officially launched in 2024 to consolidate state-owned land and sell it through online auctions on the “Prozorro.Sales” platform. The first auctions for land leases began in the fall of 2024, allowing the operator to achieve significant financial results in its very first full year of operation. According to the State Property Fund of Ukraine, the company currently manages over 100,000 hectares of land.
JSC “Intercondicioner” (Kharkiv) will pay shareholders UAH 1 million in dividends for 2025 between May 7 and October 20, 2026, at a rate of UAH 625 per share (with a par value of UAH 1,000).
According to the company’s filing with the National Securities and Stock Market Commission (NSSMC), the decision was approved at the general meeting of shareholders on April 15.
As reported, Interconditioner ended 2025 with a net profit of UAH 2.38 million, slightly exceeding the 2024 figure.
Shareholders planned to allocate UAH 1 million to dividends and leave the remaining profit undistributed.
Based on the company’s 2024 results, it allocated UAH 0.8 million to dividends from its net profit of UAH 2.31 million, at a rate of UAH 500 per share.
According to the company’s report, shareholders at the meeting also changed the composition of the supervisory board (SB), specifically, they relieved SB Chairman Serhiy Boiko of his duties (as of early 2026, he held 37.75% of the company’s shares), and elected his representative, Viktor Belov, as chairman; Belov has served as head of the labor and payroll department and acting head of the internal audit service over the past five years.
Viktor Doroshin (who does not hold any shares) was removed from the SB, and Dmitry Ostapenko, who owns 40.688% of the company’s shares, was elected to the new SB. At the same time, Anastasia Prokhorova was re-elected for a new three-year term.
As of the fourth quarter of 2025, according to the NSSMC, Serhiy Boiko owned 37.75% of the company’s shares, Dmytro Ostapenko – 40.688%, and Nadiya Ostapenko – 17.44%.
Founded in 1996, Interconditioner, according to the company, is Ukraine’s largest manufacturer of a wide range of equipment for air conditioning, industrial and general ventilation, emergency smoke extraction and air heating systems, and provides installation and maintenance services.
The company’s equipment is used in large enterprises, retail and office centers, hotels, supermarkets, and healthcare facilities.
According to opendatabot, in 2025 the company increased its net sales revenue by 22.4% compared to 2024—to 99.3 million UAH.
The authorized capital of JSC “Intercondicioner” is 1.6 million UAH.
At a meeting in early April 2026, the shareholders of Forte Life Insurance Company (Kyiv) decided to allocate 14 million UAH for dividend payments.
As the company reported in the NSSMC’s disclosure system, the dividend per ordinary registered share will amount to 583.33 UAH. The dividend payment period is from April 21 to May 31, 2026.
According to NSSMC data, Oksana Kuleshina owns 99.8% of the insurer’s shares.
Forte Life Insurance Company (formerly Insurance Union of Life) was registered in 2005 and specializes in providing life insurance services.
According to the NBU, Forte Life collected insurance premiums totaling UAH 83.179 million in 2025 and paid out UAH 18.9 million in claims.
Meridian named after Korolyov (Kyiv), a subsidiary of the state-owned Ukroboronprom concern, plans to allocate 30% of its net profit of UAH 11.15 million for dividend payments based on its 2025 financial results.
This draft resolution on the payment of dividends is included in the agenda for the general meeting of shareholders, scheduled for April 23, which was published in the NSSMC’s disclosure system. The remaining 70% of net profit is planned to be retained by the company.
Dividends are planned to be paid by July 1 of this year at a rate of 3.32 UAH per share with a par value of 0.5 UAH.
As reported, in 2024 the company’s net profit amounted to 11 million UAH, and the company planned to allocate 30% or 70% of net profit to dividends. Information regarding the decision is currently unavailable.
According to the NSSMC, as of the fourth quarter of 2025, the state, represented by the Ukroboronprom concern, owns 50%+1 share of OJSC “Meridian named after Korolyov,” while another 40.0753% is held by Meridian Soyuz LLC, whose ultimate beneficiary, according to YouControl, is Vadym Hryb—the owner of the investment company TekT.
Shareholders at the meeting also plan to change the company’s name from an open joint-stock company (OJSC) to a joint-stock company (JSC) and to re-elect the supervisory board, terminating the powers of the previous six-member board.
In addition, the agenda includes the resignation of the chairman of the board, Vyacheslav Protsenko.
“Meridian named after Korolev” is a diversified enterprise founded in 1953 that specializes in the development and mass production of electronic devices for various purposes, including radio measurement instruments: frequency meters, spectrum analyzers, and generators.
The company also performs electrogalvanizing, laser cutting of metals, and plastic molding.
PJSC “Ukrainian Bacon” (Kostiantynivka, Donetsk Oblast) reported losses for 2025, which it plans to cover using future profits, the company announced in the disclosure system of the National Securities and Stock Market Commission (NSSMC).
The draft resolution of the general meeting of shareholders, scheduled for April 30, 2026, provides for the waiver of the accrual and payment of dividends for the past year.
Shareholders are being asked to approve the director’s report on the results of operations in 2025, recognizing them as satisfactory, as well as to approve measures to improve the company’s financial condition.
Achieving profitability has been identified as the priority for 2026.
In addition, the agenda includes a motion to remove Maksym Pysarev and Dmytro Makhota from the Unified State Register (USR) as persons authorized to act on behalf of the company without a power of attorney.
According to data from the OpenDataBot service, the revenue of PJSC “Ukrainian Bacon” in 2025 fell by 79.5% compared to the previous year—to 95.84 million UAH. The net loss amounted to UAH 107.39 million, compared to a profit of UAH 147.11 million in 2024. Thus, the negative trend in net income reached 173% (a decrease of UAH 254.5 million). The value of assets decreased by 45% to UAH 568.09 million, while total liabilities decreased by 33.3% to UAH 713.3 million. The company’s authorized capital is UAH 1.0005 million.
PJSC “Ukrainian Bacon” was founded in 2008. It produces meat products under the “Bashchynsky” and ‘Europroduct’ trademarks, as well as under the “Nasha Ryaba” brand and a number of private labels (“Auchan,” METRO, etc.).
Since October 2021, the company has been part of Yuriy Kosyuk’s MHP agricultural holding. Previously, the owner was PJSC “Myronivsky Hliboproduct.” During this period, there was a change in leadership from long-time director Mykhailo Bashchynskyi to Olena Reznik, and later to Dmytro Makhota. Since November 2025, Oleksii Nosov has held the position of director.
Production facilities are located in the Kramatorsk district of Donetsk Oblast. Due to military operations, the plant’s operations have effectively ceased: while the workforce numbered over 1,900 people in 2021, by the end of 2025, the number of employees had dropped to 2.
The shareholders of the insurance company “Busin” (Kyiv) will allocate UAH 10.075 million from the net profit for 2025 for the payment of dividends.
As the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC), this decision was adopted by the shareholders’ meeting on March 27, 2026.
It is noted that dividends will be paid in proportion to the number of common shares held by shareholders at a rate of 41.29 UAH per common share via non-cash transfer.
As reported, based on the results of 2023, the shareholders of IC “Busin” allocated UAH 15.999 million for dividend payments; in 2022—UAH 13.6 million; in 2021—UAH 11.4 million; and in 2020—UAH 16 million.
In March 2021, the insurer’s shareholders, Larisa Nepochatova and Alexey Ovchinnikov, reduced their shareholdings from 49.9% to 25%. For their part, Denis Ovchinnikov and Ivan Ovchinnikov increased their shareholdings from 0.009% to 12.495%, and Alexander Nepochatov from 0.009% to 24.99%.
Insurance Company “Busin” was registered in February 1993. It specializes in risk insurance. It is a member of a number of professional and industry associations—the League of Insurance Organizations of Ukraine, the Insurance Claims Club, the International Association of Aviation Insurers (UA), the Nuclear Insurance Pool, the American Chamber of Commerce in Ukraine, and the British Business Club.
