The telecommunications operator PJSC “Datagroup,” which has been part of the DVL group of companies (Datagroup-Volia-lifecell) since September 2024, reported a net loss of UAH 83.28 million for January–March 2026, compared to a net profit of UAH 49.97 million for the same period in 2025, according to the company’s interim report.
According to the report, Datagroup increased its net revenue for the first quarter of 2026 by 36.1% compared to the same period in 2025, reaching UAH 587.20 million.
It is noted that revenue from internet services grew by 9.9%—to UAH 232.93 million—while revenue from mobile telecommunications services decreased by 28.1%—to UAH 99.91 million, and total revenue from telecommunications services decreased by 5.2% to UAH 388.31 million.
Gross profit decreased in the first quarter of 2026 to UAH 32.78 million from UAH 129.99 million in the first quarter of last year, while the operating loss amounted to UAH 79.49 million compared to a profit of UAH 51.51 million for the same period in 2025.
The company reported that in the first quarter of 2026, its pricing policy was revised; specifically, certain rate plans and service costs were updated for some customers to account for rising operating expenses, including costs for electricity and maintaining uninterrupted network operations.
“These changes are aimed at maintaining a stable level of revenue and covering the company’s rising costs,” the report states.
In addition, the portfolio of cybersecurity services has been expanded. Specifically, a cybersecurity program for small and medium-sized businesses was launched in partnership with an international technology provider
As reported, in 2025, Datagroup increased its net loss by 4.3 times compared to 2024—to 66.60 million UAH—while net revenue grew by 21%—to 1.98031 billion UAH.
In September 2024, NJJ Holding, led by French investor Xavier Niel, completed the acquisition of the national fixed-line internet service provider Datagroup-Volia and the third-largest mobile operator, lifecell. The assets were consolidated into the DVL group.
Based on its performance in January-March of this year, Kryvyi Rih Iron Ore Plant (KZRK) saw its net loss increase 4.4-fold compared to the same period last year—to UAH 378.948 million from UAH 85.925 million.
According to KZRK’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period fell to UAH 135.457 million from UAH 705.526 million.
Retained earnings as of the end of March 2026 amounted to UAH 144.526 million.
In Q1 2026, KZRK reduced iron ore production (sintering and blast furnace) by 4.7 times—to 50,000 tons from 236,000 tons in the first quarter of 2025. Exports accounted for 88.8% of total sales (89.11%).
Approved production capacity for iron ore mining as of the first quarter of 2026 is 269,000 tons (483,000 tons in Q1 2025 tons), while actual raw ore production amounted to 68.2 thousand tons (294.3 thousand tons). Capacity utilization in the first quarter of 2026 was 25.3% (60% in the first quarter of 2025).
Major customers (accounting for more than 5% of total revenue) in the first quarter of 2026 were U. S. Steel Košice, s.r.o., Lentimex spol.s.r.o., KIZARA GROUP LTD, and METINVEST HOLDING LLC. KZRK’s products are sold on domestic and foreign markets (Slovakia, the Czech Republic, Serbia, and Austria).
For 2026, the company plans to produce 3 million tons of commercial products with an average iron content of 56.86%.
In the first quarter of 2026, the company did not attract external investments or credit funds; business operations were financed using its own funds. The company’s capital expenditures for the first quarter of 2026 amounted to UAH 25.422 million (compared to UAH 48.343 million in the first quarter of 2025).
According to the interim report for the fourth quarter of 2025, due to the inability to maintain wages at the level of comparable enterprises—a situation compounded since 2025 by the inability to pay wages on time and in full—1,375 employees left the company in 2025. The current number of production-category employees is insufficient to maintain core production processes. To halt the exodus of personnel, the company must fully fund the repayment of wage arrears, ensure their timely payment, and provide a competitive salary
The report for Q1 2026 notes that despite the difficult situation with the sale of finished products due to the ongoing aggression by the Russian Federation, work is currently continuing at the plant’s mines on the construction of the following levels: “Ternivska” level – 1,500 m, “Kozatska” – 1,500 m level, ‘Pokrovska’ mine – 1,415 m level, “Kryvorizka” mine – 1,465 m level.
As reported, KZRK increased its net loss by 3.2 times in the first nine months of 2025 compared to the same period in 2024—to 1.487217 billion UAH, while net revenue for this period decreased by 41.6%—to 1.601822 billion UAH.
The annual report for 2025 has not yet been published.
KZRK ended 2024 with a net loss of 2.14015 billion UAH, while in 2023 it amounted to 63.411 million UAH. Net revenue in 2024 amounted to UAH 3.443 billion, compared to UAH 5.578 billion in 2023.
In 2024, the plant produced 1.693 million tons of raw ore; the volume of marketable ore was 1.370 million tons. The plan for 2025 is 4.385 million tons of raw ore and 3.6 million tons of marketable ore.
As reported, on May 23, 2025, TViy Energosupply LLC (Kyiv) filed a petition with the Commercial Court of Dnipropetrovsk Oblast to initiate bankruptcy proceedings against KZRK due to unpaid bills for electricity consumption. The Commercial Court of Dnipropetrovsk Oblast ruled to open bankruptcy proceedings against KZRK on June 9 of this year.
KZRK specializes in underground iron ore mining. It comprises four mines: “Pokrovska” (formerly “Zhovtneva”), the “Kryvyi Rih” mine (“Batkivshchyna”), “Kozatska” (formerly ‘Hvardiyiska’), and “Ternivska” (formerly the Ordzhonikidze Ore Administration, later named after Lenin).
According to the National Securities and Stock Market Commission (NSSMC) data for the fourth quarter of 2025, the main shareholder of KZRK is Starmill Limited (Cyprus), which owns 99.8812% of its shares. Operational control of the plant was exercised by the Privat Group prior to the initiation of bankruptcy proceedings.
In May 2023, Ukraine imposed sanctions against dozens of foreign companies linked to Russian individuals that own significant assets in Ukraine, including KZRK. Some of these assets had already been seized, but the sanctions paved the way for their confiscation. The corresponding Presidential Decree No. 279 of May 12 was published on the President’s website. In particular, the list of legal entities includes Starmill Limited, which owns 99.89% of KZRK under the operational control of the Privat Group.
The company’s authorized capital is 1 billion 991.233 million UAH.
Ukrainian defense startup Swarmer, which went public on Nasdaq in March of this year (ticker SWMR), reported a net loss of $4.5 million for January–March 2026, compared to $0.7 million for the same period in 2025, according to a company statement.
“The increase (in the loss) was primarily due to higher costs for consulting and professional services related to becoming a public company, as well as increased investments in engineering and development initiatives,” Swarmer noted.
According to the data, revenue decreased to $20,300 from $110,700, while operating expenses rose to $4.5 million from $0.8 million.
It is noted that thanks to the IPO, cash and cash equivalents for the first quarter increased to $23.5 million from $9.3 million.
“The increase primarily reflects gross proceeds of approximately $17.3 million from the IPO, as well as approximately $3.5 million in gross proceeds from the sale of Series A-1 convertible preferred shares,” Swarmer clarified.
The company also announced a $2.8 million contract to supply more than 16,000 software licenses for SkyKnight bomber quadcopters and other drones.
Swarmer’s stock price fell 2.5% on Thursday to $29.53 per share, corresponding to a market capitalization of nearly $373 million. The company priced its IPO at $5. At its peak in early April, the stock rose to nearly $69.
The company’s core areas of activity include autonomous swarm coordination, integration of multi-domain unmanned systems, AI-based collaborative autonomy, and software for commanding and controlling distributed robotic operations, according to the press release. In addition, the company’s clients include drone manufacturers who license Swarmer’s software for integration with their hardware platforms.
The company was founded by Serhii Kuprienko and Alex Fink in May 2023. The company’s headquarters and marketing and sales office are located in Austin, Texas, while its engineering divisions are split between offices in Kyiv, Ukraine, and Warsaw, Poland. The company’s holding structure includes subsidiaries in Ukraine, Poland, and Estonia.
Prior to the IPO, Kuprienko owned 27.4%, Fink owned 15.1%, while other owners included Theseus Capital Partners—where board member Philip Wagenheim serves as managing partner—with 22%, D3 Fund (Evelin Buchatski) with 10.1%, RG.AI Technologies, led by Charles Eberle von Sexi, held 14%, Green Flag Fund I held 5.3%, and Radius Fund I held 6.9%
Swarmer’s revenue in 2025 fell to $0.31 million from $0.33 million a year earlier, while its net loss increased to $8.53 million from $2.07 million.
Centravis Production Ukraine (Nikopol, Dnipropetrovsk Oblast), a subsidiary of Centravis Ltd., reported a net loss of UAH 61.012 million for the January-March period of this year, compared to a net profit of UAH 210.208 million in the same period last year.
According to the company’s interim report, available to the Interfax-Ukraine agency, net revenue from sales of goods for this period rose to UAH 1.41999 billion from UAH 1.255258 billion in Q1 2025.
The accumulated loss as of the end of March 2026 amounted to UAH 876.575 million.
In other company news, results were reported regarding the share issuance by Centravis Production Ukraine PJSC without a public offering in the event of a single-stage placement of additional shares.
The start date for the placement of shares in the share issuance process was February 28, 2026, and the end date was April 1, 2026. A total of 4,335,171 ordinary registered shares were placed, amounting to UAH 4,335,171 thousand. During the placement of shares in the issuance process, one share purchase agreement was concluded.
It was previously reported that on September 24, 2025, the company’s sole shareholder—Centravis SA (Switzerland)—decided to increase the authorized capital through an additional share issue of UAH 4,335,171 thousand without conducting a public offering. The shares were valued by Uvekon Consulting Company LLC.
According to the annual report, Centravis reduced its net profit to UAH 154.094 million in 2025 from UAH 310.045 million in 2024, while net revenue from sales decreased to UAH 5.519669 billion from UAH 5.226606 billion. At the same time, revenue in Ukraine amounted to UAH 202.149 million in 2025.
In 2025, the company produced 13,770 tons of products. Almost the entire volume is exported to foreign markets. The company’s main markets remain Europe, the United States, and the Middle East.
Centravis’s production facilities are located in Nikopol and Uzhhorod. The company also has sales offices in the United States, Germany, Italy, Switzerland, Poland, and the United Arab Emirates.
Centravis was founded in 2000 and is among the top ten largest manufacturers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovsk region). In 2023, the company opened a branch in Uzhhorod.
The Centravis Ltd. holding company was established on the basis of CJSC “Nikopol Stainless Steel Pipe Plant” and the service and trading companies LLC “Production and Commercial Enterprise ”YUVIS.” Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares of Centravis Production Ukraine PJSC.
The registered capital of the private joint-stock company as of the end of 2025 was 202.560 million UAH, and as of the end of March 2026, it was 206.895 million UAH.
Kyiv Electric Locomotive Repair Plant JSC (KEVRZ), a subsidiary of Ukrzaliznytsia, reported a loss of UAH 20.2 million in January–March 2026, compared to a net profit of UAH 0.48 million for the same period in 2025.
According to the company’s interim financial report published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), its net revenue increased by 14.6% to UAH 250.5 million.
The plant reported a gross loss of UAH 5.4 million compared to a gross profit of UAH 10.7 million a year earlier, with an operating loss of UAH 19.2 million compared to an operating profit of UAH 1.6 million.
The company notes that during the reporting period, it sold 18 refurbished electric locomotive sections for UAH 224.2 million (in the first quarter of 2025 – 8 sections for UAH 188.7 million), 25 wheel sets for UAH 10 million (35 sets for UAH 15.9 million), 104 traction motors and auxiliary machines for 14 million UAH (84 units for 11 million UAH).
KEVRZ was founded in 1868. It specializes in the overhaul of electric trains for Ukrainian railways, the repair of components and assemblies, electric machines, electric motors, and wheel sets, as well as the manufacture of spare parts.
The plant ended 2025 with a net profit of 70.2 million UAH—4.4 times more than the previous year—following a 34.2% increase in net revenue to 1.703 billion UAH. It repaired 51 electric sections, 223 wheel sets, 538 traction motors, and auxiliary machines.
According to Fixygen, Coinbase Global, the operator of the largest cryptocurrency exchange in the U.S., reported a net loss in the first quarter of 2026 due to a decline in the value of its digital currency assets.
According to the company’s press release, the net loss for January–March was $394.1 million, or $1.49 per share, compared to a profit of $65.6 million, or $0.24 per share, for the same period the previous year.
The figure includes a $482.4 million decline in the value of the company’s cryptocurrency holdings.
Coinbase’s quarterly revenue fell to $1.41 billion from $2.03 billion a year earlier. Analysts surveyed by FactSet had forecast revenue of $1.49 billion on average.
The company’s revenue from transaction fees in the past quarter was $755.8 million, compared to a forecast of $805.2 million. Revenue from subscription sales was $583.5 million, instead of the expected $619.3 million.
Coinbase shares fell 4.6% in after-hours trading on Thursday. Since the start of this year, the company’s market capitalization has dropped by nearly 15%, to $52.28 billion.
