Business news from Ukraine

Business news from Ukraine

NovaPay has registered new bond issue worth 200 mln hryvnia

The National Securities and Stock Market Commission (NSSMC) has registered the 15th issue of Series “O” bonds of the international financial service NovaPay (TM NovaPay), part of the Nova Group, issued by its subsidiary “NovaPay Credit,” with a face value of 200 million UAH, according to a company statement.

The NSSMC’s website notes that the bonds were issued in the standard denomination of 1,000 UAH each. The fixed yield on these bonds will be up to 18% per annum.

“We are consistently developing our corporate bond program, as we see steady interest from Ukrainians in this investment instrument,” NovaPay’s Director of Retail Business Development, Yana Levada, is quoted as saying in the press release.

She clarified that the registration of the new issue will allow the company to continue raising funds for the development of financial services and credit products.

In early June, the company fully placed its 14th bond issue—Series “N”—with a face value of 200 million UAH.

As previously reported, the number of investors who purchased NovaPay bonds exceeded 8,000, and the total sales volume reached 4 billion hryvnia, whereas in March of this year, these figures stood at over 7,000 investors and 3.5 billion hryvnia in investments.

In February, NovaPay announced the full placement of Series “M” bonds with a face value of 200 million UAH.

In total, 15 corporate bond issues have been carried out since 2023, of which two have been redeemed: Series “C” in the amount of 100 million UAH in 2025 and Series “A” in the amount of 100 million UAH in 2026.

NovaPay was founded in 2001 as an international financial service, part of the Nova Group (“Nova Poshta”), and provides financial services both online and offline at “Nova Poshta” branches. In 2023, the company became the first non-bank financial institution in Ukraine to receive an expanded license from the NBU, which allowed it to open accounts and issue cards; it was also the first non-bank to launch its own financial app with a wide range of financial services at the end of last year.

In 2025, NovaPay increased its revenue by 10.4% to 10.01 billion UAH, while its net profit decreased by 22% to 2.58 billion UAH.

In January–March 2026, the company increased the volume of money transfers by 53% compared to the same period in 2025—to over 200 billion UAH—while the number of transactions rose by 12%—to 126 million.

According to the National Bank of Ukraine, the company accounts for approximately 22.7% of the total volume of domestic money transfers.

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“Slavuta Brewery” to Begin Dividend Payments on July 15

PJSC “Slavuta Brewery” (Slavuta, Khmelnytskyi Oblast) will begin paying dividends for the 2025 fiscal year on July 15.

As the company reported on Tuesday via the disclosure system of the National Securities and Stock Market Commission (NSSMC), the supervisory board adopted the relevant resolution on June 30, also setting July 15 as the record date for shareholders.

Dividends will be paid directly to shareholders by November 4, 2026.

As previously reported, the annual general meeting of shareholders on April 23 approved the allocation of 1.75 million UAH from the 2025 net profit for dividend payments. The dividend amount is 2 UAH per ordinary registered share, representing an annual yield of 117.6%.

According to data from the Opendatabot service, at the end of 2025, PrJSC “Slavutsk Brewery” reported UAH 16.97 million in net profit, which is 27.1% higher than the 2024 figure. At the same time, the company’s net revenue increased by 28.2% to 120.07 million UAH.

The number of employees at the plant rose from 95 to 105 over the course of the year. The company’s authorized capital currently stands at 1.49 million UAH.

PJSC “Slavuta Brewery” (Slavuta, Khmelnytskyi Oblast) was founded on January 31, 2008. The company specializes in the production of beer and malt, and also manufactures plastic containers.

According to the company’s website, the plant has its own malt house and three production workshops: the brewhouse, the fermentation and lagar workshop, and the bottling workshop. Its production capacity allows it to produce more than 10 varieties of unpasteurized beer, which are sold under the brand names “Slavutskoye,” “Prince Sangushko,” “Princess Sangushko,” and “Zhigulivskoye.” The company operates its own retail chain of draft beer stores, as well as a network of distributors in the western and central regions of Ukraine.

The main shareholders of the private joint-stock company are Tetiana Kmytiuk (17.89%), Stanislav Pavlovskyi (14.65%), Larysa Lavreniuk-Ulyanich (6.72%), and “Greenesis Plus” LLC (5.7%).

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“Agromat” Increased Its Net Profit by 91.4% in 2025

Shareholders of the industrial and technical company ‘Agromat’ decided to issue Series “J” bonds worth 100 million UAH for public offering, the company reported in the NSSMC system.

According to the announcement, the bond offering is being conducted to optimize the company’s debt portfolio.

It is noted that the bonds are planned to be placed through a public offering exclusively to qualified investors (without a prospectus) via an investment firm acting as a placement agent without providing a guarantee.

AgroMat corporate bonds of Series “H” and “I,” each with a total face value of 100 million UAH, are currently in circulation.

The announcement states that the company’s co-owners, each holding a 28.65% stake, are CEO Serhiy Voitenko, Oksana Reva, and Anatoliy Taday; an additional 10.05% is owned by Olga Bashota, and 4% by Nadiya Rushelyuk.

As previously reported, in September 2024, “Agromat” issued three-year Series “H” bonds worth 100 million UAH for public offering, and in November of the same year, it issued Series “I” bonds for the same amount. The funds raised are planned to be used to expand the retail network.

“Agromat” manufactures and sells ceramic tiles and bathroom fixtures; it was founded in 1993. The company operates through 33 retail locations in 21 cities across Ukraine and online at agromat.ua.

According to information on the company’s website, based on 2025 results, PTK LLC “Agromat” increased its net revenue by 5.2% compared to the previous year—to 3.59 billion UAH—and its net profit by 91.4%, to 148 million UAH. In the first quarter of 2026, net revenue grew by 10.4% compared to the same period last year—to 788.5 million UAH—while net profit decreased from 47.5 million UAH to 199 thousand UAH.

As of the end of 2025, Kredobank was the Agromat Group’s main long-term lender, with loans totaling 34.8 million UAH at interest rates of 15.5% and 24.68%. An additional 3.9 million UAH was accounted for by ProCredit Bank at a rate of 3.77%.

The short-term loan portfolio, totaling 524.5 млн грн as of the end of 2025, consisted of loans from six banks at interest rates ranging from 3.77% to 24.68%: Raiffeisen – 199 млн грн, ProCredit – 153.9 млн грн, OTP – 20 млн грн, Crédit Agricole – 65.6 млн грн, Pivdenny – 19 млн грн, and Kredobank – 66.9 млн грн.

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“Promarmatura” Will Allocate 4.1 Mln UAH for Dividend Payments

PrJSC “Promarmatura” (Dnipro) has allocated 4 million 65.383 thousand UAH of its retained earnings for dividend payments.

According to the company’s filing with the National Securities and Stock Market Commission’s disclosure system, this decision was adopted at an extraordinary general meeting of shareholders held remotely on June 19.

“The retained earnings earned by the company as of the end of 2025, amounting to 127.280 million UAH, shall be distributed as follows: a portion of the retained earnings in the amount of 4 million 65.383 thousand UAH shall be allocated for payment to the company’s shareholders in the form of dividends; the remaining portion of retained earnings shall not be distributed but shall remain at the company’s disposal for the fulfillment of its statutory purposes. The company’s reserve capital shall not be replenished, as it has been fully formed,” the meeting’s resolutions state.

At the same time, the total dividend per common share was approved at 24.50 UAH.

Dividend payment schedule: the company will pay dividends in installments on a monthly basis throughout the dividend payment period.

As previously reported, according to the annual report of PrJSC “Promarmatura,” the company posted a net profit of 4.198 млн UAH for 2025, compared to a loss of 2.304 млн UAH in 2024. Net revenue for this period rose to 250.448 million UAH from 188.732 million UAH. The company’s retained earnings as of the end of 2025 amounted to 127.280 million UAH. In 2023, the plant reported a net profit of 11.407 million UAH, compared to a net loss of 29.995 million UAH in 2022.

Promarmatura was founded in December 1994 and operates in the pipeline valve market.

According to data from the National Securities and Stock Market Commission (NSSMC) for the first quarter of 2026, two individuals—Ukrainian citizens Igor Mezebovsky and Oleksandr Chelyadin—each own 50% of the shares in the private joint-stock company.

The company’s authorized capital is 7.218 million UAH.

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“V.A.T. Pryluky” to Pay Shareholder 54 mln UAH in Dividends

PJSC “A/T Tobacco Company ‘V.A.T. – Pryluky’” (Chernihiv Oblast), a subsidiary of the international British American Tobacco (BAT), will pay 54 million hryvnias in dividends to its shareholder between June 18 and 30 of this year.

According to the company’s filing with the disclosure system of the National Securities and Stock Market Commission (NSSMC), the shareholder approved the decision on June 18.
“The entire dividend amount will be paid in full in June 2026; if it is not possible to make the full payment during that period, the payment deadline will be extended in accordance with the sole shareholder’s decision,” the statement reads.

Dividends will be paid in U.S. dollars directly to the shareholder via bank transfer. According to the NSSMC, 100% of the company’s shares are owned by Precis (1814) Limited.

According to information in the disclosure system, the company continues its regular practice of paying dividends. Specifically, on May 19, 2026, the shareholder decided to pay 52 million UAH in dividends from May 19 to May 31; on April 9, to pay the same amount of dividends from April 9 to April 30; in March, the same amount from March 17 to March 31; and similarly in February and January. At the same time, the total amount of dividends to be paid this year has not been specified.

As previously reported, the National Bank of Ukraine has limited the transfer of dividends abroad to no more than EUR1 million per month.
According to the company, “V.A.T. Pryluky” is one of the largest manufacturers and exporters of tobacco products in Ukraine, producing cigarettes under international brands and the national brand “Pryluky,” as well as TVEN.

According to the company’s annual report filed with the National Securities and Stock Market Commission (NSSMC), in 2025 it saw its net profit decline by 37.3% compared to 2024—to 413.6 million UAH—amid an 11.8% decrease in net revenue to 5.04 billion UAH. Retained earnings amounted to 4.9 billion UAH.
The company produced more than 8 billion filtered cigarettes worth 2.95 billion UAH, 729 million TVEN units worth 422 million UAH, and nearly 3 billion filters worth 742.5 million UAH.

Average selling prices were 423.71 UAH per 1,000 cigarettes and 652.4 UAH per 1,000 TVEN units. Export volume totaled 0.95 billion UAH, or approximately 1.84 billion cigarettes. The main customer is “BAT Sales and Marketing Ukraine.”

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“Zolotonosha Perfume and Cosmetics Factory” to Be Converted from Private Joint-Stock Company to Limited Liability Company

The Ukrainian perfume manufacturer, Private Joint-Stock Company “Zolotonosha Perfume and Cosmetics Factory” (“Zolotonosha Perfume and Cosmetics Factory,” Cherkasy Oblast), will be converted into a limited liability company (LLC).

According to the company’s announcement in the National Securities and Stock Market Commission’s (NSSMC) information disclosure system, the relevant decision was adopted by an extraordinary general meeting of shareholders on June 9 with 100% of the votes.
Creditors’ claims will be accepted by the liquidation commission within two months from the date of publication of the announcement regarding the company’s dissolution through its transformation.

According to the meeting minutes posted on the company’s website, four shareholders, who collectively own 100% of the shares, also decided to amend the entry regarding the list of founders (members) of Zolotonoshskaya PKF PJSC in the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations, specifically reducing the number from 86 shareholders to four.

Currently, according to the company, the shareholders include: Valentina Dargel, who owns more than 19.72% of the authorized capital; Andriy Dargel (16.04%); “Aromatika” LLC (nearly 59.616%); and “Essenti” LLC (4.62%). At the general meeting of shareholders, Andrei Fedorenko represented them by proxy.

The owners of the body care products manufacturer Aromatika LLC (Kyiv) are Valentina Dargel (91.8%) and her son, Andrei, a German citizen (8.2%). They are also the owners of the Kyiv-based LLC “Essenti,” which imports, exports, and sells raw materials for the food, perfume, and cosmetics industries on the domestic market.

A public, irrevocable demand to repurchase shares from all shareholders of Zolotonosha PKF PJSC was received from Aromatika LLC in July 2025.

Zolotonosha PKF was founded in 1934 as a plant for processing essential oils (dill and mint). Later, the production of colognes was established, and starting in 1964, the production of liquid cosmetics—such as shampoos and lotions—began.
In 2025, the factory saw its net profit drop by more than five times compared to the previous year—to 5 million UAH—while net revenue fell by 32.4% to 92.9 million UAH. In the first quarter of this year, it reported a loss of 0.7 million UAH and revenue of 22.3 million UAH.

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