Business news from Ukraine

Business news from Ukraine

Kharkiv Tile Plant Saw Its Net Profit Fall by Factor of 2.2 Over 9 Months

PJSC “Kharkiv Tile Plant” (KTP) reported a net profit of 33 million UAH for January–September 2026, which is 2.2 times less than in the same period last year, while in the first half of the year it reported 20 million UAH.

According to the company’s report filed with the National Securities and Stock Market Commission (NSSMC), based on figures for the first six and nine months of 2026, net profit in the third quarter amounted to 13 million UAH, which is 2.2 times less than in the third quarter of last year.

Kharkiv Plant’s revenue for the first nine months of 2026 decreased by 11.2%, to 920.3 million UAH. In the first half of 2026, the company’s revenue decreased by 18.7% compared to the first half of 2025, to 506.2 million UAH; accordingly, in the third quarter, revenue decreased by 0.08% and amounted to 414.1 million UAH.

The company’s gross profit for January–September 2026 decreased by 54.7% compared to January–September 2025, to 119.3 million UAH, while profit from operating activities decreased by 55.7%, to 43.6 million UAH.

The company’s retained earnings for the nine-month period decreased by 1.3% to 1.29 billion UAH. Long-term liabilities during the reporting period decreased by 30.1% to 62.4 million UAH, while current liabilities increased by 2.1% to 1 billion UAH. The company’s assets decreased by 0.9% to 2.38 billion UAH.

According to the report, the Kharkiv Tile Plant produced 1.6 million square meters of ceramic tile worth UAH 324.9 million in January–September 2026. During this period, the company sold 1.6 million square meters of products worth UAH 329.8 million.

Based on figures for the first six months of 2026, in the third quarter the company produced 178,700 square meters of ceramic tile worth 15.8 million hryvnias and sold 315,000 square meters of products worth 26.6 million hryvnias. It is noted that currently, out of eight continuous conveyor lines, only two are in constant operation, while two others were operating temporarily.

According to the National Securities and Stock Market Commission (NSSMC), as of September 2026, the company’s main shareholder is “Golden Tile Ceramic Group” LLC (98.4%). The ultimate beneficiary of Kharkiv Tile Plant (KTP) is Valentin Shevetovsky.

Kharkiv Tile Plant (KTP), Ukraine’s largest tile manufacturer, began operations in 1946. It is part of the “Golden Tile Ceramic Group” (Kyiv), established in 2008, which also includes “Shakhtobud Production Association” LLC (Verolyubivka, Donetsk Oblast), “Maidan-Vilsky Quarry” LLC, “Maidan-Vilsky Refractory Plant” LLC (both in Khmelnytskyi Oblast), and “Golden Tile” LLC (Kyiv, the exclusive distributor of Kharkiv Tile Plant). The company’s total production capacity is 24 million square meters of products per year.

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