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.
Telecom operator PJSC “Datagroup,” which has been part of the DVL group of companies (Datagroup-Volia-lifecell) since September 2024, increased its net loss by 4.3 times in 2025 compared to 2024—to UAH 66.60 million, according to the company’s annual report.
According to the report, the company’s net revenue grew by 21%—to UAH 1.98031 billion, including revenue from internet services—up 11.3%, to UAH 874.02 million, and from mobile telecommunications services—up 27.8%, to UAH 535.8 million.
Last year, Datagroup reduced its gross profit by 32.5% to UAH 366.92 million, while the loss from operating activities amounted to UAH 39.36 million, compared to an operating profit of UAH 204.18 million in 2024.
It is noted that throughout 2025, the company developed a telecommunications network using xPON technology to provide electronic and digital services to subscribers during blackouts, and also ensured power supply by installing additional equipment: batteries and generators.
According to the report, capital investments last year decreased by 28.3% to UAH 328.25 million.
As for future plans, Datagroup intends to expand its range of information security services, specifically enhanced protection against DDoS attacks, and to further improve the company’s energy and resource efficiency.
Throughout 2025, the average number of full-time employees on the payroll was 1,700, while the average number of part-time employees and those working on a part-time basis was 147 specialists.
As reported, 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.
In 2025, the national postal operator Ukrposhta reduced its net loss by 50% compared to 2024—to 206.55 million UAH, while its revenue grew by 1.1% to UAH 13.11842 billion, which is 13% below the plan, according to the company’s annual report.
According to the report, Ukrposhta’s gross profit for 2025 increased by 8.6% to UAH 1.56 billion, while the loss from operating activities rose by 2.9% to UAH 414.50 million.
The company also reported that last year’s revenue from domestic and international parcels rose by 9% compared to the year before last—to 2.79 billion UAH. The distribution of periodical print media brought Ukrposhta 1% more—UAH 274.4 million—due to a revision of rates.
At the same time, revenue from international postal exchange (imports) fell by 9% to 1.22 billion UAH due to stagnation in the parcel market and the consolidation of orders into a single shipment at a lower rate.
Revenue from the delivery of international “EMS” mail in 2025 also fell by 13%, or UAH 43.7 million, to UAH 287.9 million.
Revenue from the “pensions and financial assistance” sector decreased by 8% to UAH 2.58 billion. Ukrposhta cited the transition of pensioners to banking services as the main factor, a trend that is gradually intensifying, including due to additional government programs that pay social benefits exclusively through bank cards.
Revenue from other financial services decreased by 2% to UAH 47.5 million, driven by a decline in cash withdrawal and payment card top-up services via the company’s terminals.
The report also notes that revenue from written correspondence decreased by 2% to UAH 1.73 billion, although small packages accounted for UAH 1.12 billion, which is 4% higher than the 2024 figures due to the recovery of business activity in the market.
The company emphasized that the main factors contributing to the loss in 2025 were the accelerated outflow of retirees and the corresponding decline in traditional services, failure to meet parcel growth targets, and delays in real estate sales due to late approval from the shareholder. However, the company partially offset these factors by optimizing its payroll and other expenses.
It is noted that Ukrposhta continues to generate operating profit at the EBITDA level: in 2025, it amounted to UAH 503 million, compared to UAH 472 million in 2024.
According to the report, the national operator paid UAH 3.62 billion in taxes, fees, and mandatory payments in 2025, which is UAH 495.7 million more than in 2024; of this amount, UAH 961.7 million was paid to the state budget, an increase of UAH 395.8 million compared to the previous year.
As for Ukrposhta’s capital investments, their volume last year amounted to 1.21 billion UAH.
It is noted that capital investments of 991.6 million UAH, including VAT, are planned for 2026, of which 89.5 million UAH will come from the European Bank for Reconstruction and Development (EBRD) and 736.7 million UAH from own funds.
It is anticipated that capital investments will be directed toward launching a network of parcel lockers, purchasing technological and sorting equipment for new logistics terminals, logistics centers, and depots, and acquiring IT equipment, including network equipment and computer hardware.
Among other areas, the company plans to invest in the purchase of low-speed electric vehicles (tricycles, electric scooters), upgrading branch formats to ensure their autonomy—specifically, purchasing generators and inverters, disconnecting from shared power grids—as well as expanding the network of cargo branches and implementing the “Pharmacy” project.
In addition, the plan includes the purchase of IT equipment to implement automated processes and the further development of mobile applications for customers and employees, as well as the digitization of processes and other components.
The report notes that as of the end of 2025, no funds had been drawn down under the loan agreement with the European Investment Bank (EIB). The company submitted a formal request to the bank to cancel the loan financing, as it had not actually been utilized.
As of the end of last year, EUR 53.11 million had been received under the loan agreement with the EBRD, EUR 18.66 million had been repaid, and the total debt as of December 31 stood at EUR 34.45 million.
As reported, the national operator posted a net loss of UAH 204.8 million for January–March 2026, which is UAH 1.1 million, or 0.5%, higher than in the same period of 2025, but 40% lower than projected in the plan. The company’s revenue in the first quarter decreased by 0.1%, or UAH 5 million, to UAH 3.34 billion, which is 2% below the plan.
PJSC “Kryukiv Railway Car Building Plant” (Kryukiv Car Plant, Poltava region) ended the first quarter of 2026 with a loss of UAH 47.56 million, whereas for the same period in 2025, net profit amounted to UAH 3.34 million.
According to the company’s interim report published in the NSSMC’s disclosure system, its net revenue fell threefold to UAH 371.12 million.
Exports (to Lithuania) were insignificant (0.46% of total sales).
KVBZ reported a gross loss of UAH 7.5 million compared to a profit of UAH 74.1 million a year earlier, and the loss from operating activities exceeded last year’s figure by 5.5 times—to UAH 70.1 million.
Uncovered losses as of April 1, 2026, amounted to nearly UAH 279 million. KVBZ’s current liabilities reached UAH 3.55 billion, while long-term liabilities stood at UAH 150.9 million.
According to the plant, it sold 74 freight cars in the first quarter, including 61 units in March (3 in January and 10 in February).
The main customers were private companies purchasing freight cars to transport grain crops, petroleum products, and large-sized containers.
According to the company, in January–February (March data is not yet available), KVBZ ranked third among Ukraine’s railcar manufacturers with a 20.3% market share (railcar manufacturers supplied a total of 64 railcars to the market over the two-month period), while the leaders among private enterprises remain DMZ “Karpaty,” KVBZ, and “TAS Dniprovagonmash.”
In January–March, the plant overhauled electric train EKr-1-001, continued repairs on a diesel train, and manufactured passenger cars for Ukrzaliznytsia, which were delivered in April.
At the same time, KVBZ emphasizes that in the first quarter, the Ukrainian freight transportation and railcar manufacturing market remained in a difficult situation, due to military operations and economic difficulties in Ukraine, particularly the decline in industrial production, primarily in the mining and metallurgical sector.
“The decline in exports of ore and metal products due to limited port capacity and logistical complications directly contributed to a reduction in the freight base; existing infrastructure constraints (despite the partial stabilization of maritime corridors, the risks associated with their operation remained high, which held back long-term transport contracts and investments in the purchase of new railcars),” the report notes.
However, according to KVBZ’s assessment, the first signs of stabilization began to appear as early as the end of the quarter, in particular due to the gradual resumption of agricultural exports and the adaptation of logistics routes, which created the conditions for a possible market recovery in the coming periods.
In particular, the plant notes that 3.3 million tons of grain cargo were transported by rail in March—11.4% more than in February 2026 and 36.9% more than in March 2025. The volume of grain shipments in the first quarter increased by 3% to 8.5 million tons.
In export traffic, 2.7 million tons were transported in March—9% more than in February 2026 and 35% more than in March 2025.
According to the company, the market for new freight cars could also be “revitalized” by the decision of the Supreme Court of Ukraine dated February 25 of this year, which upheld the 2021 order of the Ministry of Infrastructure providing for a phased reduction of the maximum service life of freight cars. Ukrmetallurgprom had demanded the order’s repeal.
KVBZ manufactures passenger and freight cars, regional diesel trains, high-speed interregional locomotive-hauled trains, spare parts and bogies for freight cars, and escalators.
As reported, in 2025, the company saw its net revenue decrease by 30.5% compared to 2024—to 2.6172 billion UAH—and recorded a net loss of 184.5 million UAH, whereas in 2024, net profit amounted to 81.1 million UAH. A total of 143 freight cars and 51 passenger cars were sold.
