Business news from Ukraine

Business news from Ukraine

Korosten Sleeper Plant increased its net profit by 7.4 times over year

The Korosten Reinforced Concrete Sleeper Plant (ZBSH Plant, Zhytomyr Region), which is part of Ukrzaliznytsia, increased its net profit by 7.4 times in 2025 compared to 2024, to UAH 47.1 million.

According to the company’s financial statements in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), net income for the past year increased by 11.8% to UAH 478.2 million.

The plant received UAH 93.7 million in gross profit (3.9 times more), and operating profit increased 7.4 times to UAH 59.9 million.

At the same time, the report notes that in the fourth quarter of 2025, the company received net sales revenue of UAH 167.47 million, which is UAH 104.77 million (2.7 times) more than planned, but UAH 8.75 million (-5%) less than in the same period of 2024, due to a decrease in orders for reinforced concrete products.

Korosten ZBS specializes in the production of reinforced concrete sleepers, switch beams, and mobile modular shelters.

Production capacity utilization is 95% dependent on orders from Ukrzaliznytsia.

At the beginning of 2026, the plant had 363 employees, with an average monthly salary of UAH 34,900.

In 2024, the company produced 269,810 sleepers and 80 sets of switch beams. Its net income decreased by 10% compared to the previous year, to UAH 427.8 million, while net profit increased 4.6 times, to UAH 6.3 million.

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PJSC Dnipropetrovsk Food Concentrates Plant to hold meeting on February 24

PJSC Dnipropetrovsk Food Concentrates Plant (Dnipro, EDRPOU code 00374048) will hold its annual general meeting of shareholders on February 24, 2026, in the form of a remote poll, according to the issuer’s announcement. According to the announcement, the date for compiling the list of shareholders entitled to participate in the meeting is set for February 19, 2026.

The agenda includes, in particular, consideration of the reports of the management board and supervisory board for 2025, approval of the annual report and results of financial and economic activities for 2025 with a decision on the distribution of profits, termination of powers and election of management and control bodies, as well as preliminary consent to significant transactions.

Ballots for voting must be made freely available to shareholders on February 13, 2026, with the period for sending ballots to the depositary institution set from 11:00 a.m. on February 13 to 6:00 p.m. on February 24, 2026.

PJSC Dnipropetrovsk Food Concentrates Plant is registered in Dnipro, with a charter capital of UAH 8.4188 million. According to Opendatabot, the company’s director is Oleksandr Kovrov, and the ultimate beneficiary is Iryna Kovrova; among the shareholders with large stakes are Oleksandr Kovrov (78.5908%) and Iryna Kovrova (19.789%). According to the company, the plant produces, among other things, dry breakfasts, snacks, and coffee products.

Source: https://www.fixygen.ua/news/20260131/chao-dnepropetrovskiy-kombinat-pishchevyh-kontsentratov-provedet-sobranie-24-fevralya.html

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Kametstal Plant expanded its product range and carried out largest overhauls during war

In 2025, Kametstal Plant, part of Metinvest Mining and Metallurgical Group (Kamensk, Dnipropetrovsk region), carried out a series of important equipment repairs and expanded its product range by seven items.

According to the company, in 2025, despite the obstacles posed by the war, the company continued to operate, develop and support the economic strength of the region and Ukraine.

Thus, despite logistical difficulties and energy instability, Kametstal implemented the most ambitious capital repair programme of the war years, the most important of which were the overhaul of blast furnace No. 9, a complex of overhauls of the main equipment of both converters, the installation of furnace ladle No. 1, MBLZ-1, and major repairs of the section rolling and pipe mill.

It is noted that Kametstal expanded its product range by seven items and once again became the leader among Metinvest’s enterprises. The plant was the first among the group’s enterprises to commission a gas piston power plant to generate its own electricity. This made it possible to increase the energy security of the main production equipment during wartime.

In the converter shop, continuous casting machine (CCM) No. 1 was reconstructed: important electrical equipment, automated control systems, and key equipment of the machine’s drawing and straightening devices were upgraded in two stages. The electrical equipment of CCM No. 2 was also modernised.

In addition, the construction of new above-ground high- and medium-pressure water pipes to support the technological processes of the converter and lime-burning shops in particular was completed and put into operation.

In 2025, the company invested almost UAH 43 million in improving working conditions at the enterprise.

Kametstal is part of the Metinvest Group.

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Rivne NPP purchases five Electron buses for UAH 90 mln

The ElectronMash plant (Lviv), which is part of the Electron corporation, and the Rivne NPP branch of the Energoatom National Nuclear Energy Company have signed a contract for the supply of five new large city buses for an estimated UAH 75.375 million (excluding VAT).

According to information in Prozorro, the agreement was signed on December 24 after ElectronMash was declared the winner of the relevant tender, in which it was the only participant.

According to the contract, with a total value of UAH 90.45 million (including VAT), the buses will be delivered within 245 calendar days from the date of receipt of the advance payment. A 30% advance payment (UAH 27.135 million) is provided for within 30 calendar days from the date of signing.

As reported, ElectronMash offered 12-meter low-floor Electron A18501 buses at a price of UAH 15.075 million (excluding VAT) each.

The buses were manufactured this year. They are equipped with a Cummins diesel engine that meets the Euro 6 environmental standard, a ZF automatic transmission, and an EBS system. Each bus is designed to carry more than 100 passengers (at least 30 seated), equipped with a folding ramp and seat belts in the passenger compartment to secure wheelchairs.

The Electron A18501 buses were first introduced by the manufacturer in 2016 and are currently in operation in Lviv and Uzhhorod.

The Rivne Nuclear Power Plant announced a tender for the purchase of five large buses on October 17 this year, with a delivery date of November 30, 2026. The auction was scheduled for October 28, but the customer postponed the deadline for submitting bids and its date several times.

As reported, the large Ukrainian bus manufacturer Etalon Corporation considered the tender conditions to be discriminatory, as they were written for the Turkish Temsa LF 12 bus, and also noted that for the announced price, it could offer seven Etalon buses instead of five. However, the customer did not change the tender conditions proposed by Etalon.

ElektronMash Plant LLC, in which Concern-Elektron JSC owns a 55% stake, specializes in the design and manufacture of trams, trolleybuses, electric buses, and city passenger buses, as well as aggregates and spare parts.

In 2024, the plant increased its net income by 87.7% compared to the previous year, to UAH 244 million, with a net profit of UAH 0.06 million, compared to UAH 0.9 million in 2023.

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Astarta received $40 mln from US to build soybean processing plant

The US International Development Finance Corporation (DFC) approved a $40 million loan agreement for a 10-year term for one of the subsidiaries of Ukraine’s largest sugar producer, Astarta Agricultural Holding.

“DFC will co-finance with the International Finance Corporation capital investments and operating expenses related to the construction of a soybean protein concentrate (SPC) plant,” the agricultural holding company said.

According to Vyacheslav Chuk, director of commercial operations and strategic marketing at the agricultural holding, in September 2025, Astarta intends to continue investing in the construction of its soy protein concentrate plant in 2026, with investments amounting to approximately EUR 40 million.

In 2024, Astarta began investing in the construction of a plant for processing soybean meal into soy protein concentrate with a capacity of 500 tons/day (approximately 100,000 tons/year) in the Hlobyn Industrial Complex (Poltava region). The agricultural holding will invest over EUR 76 million in the purchase of equipment and technologies and will create 110 new jobs.

Astarta and its structural unit Astarta Agro Protein signed the first investment agreement with the Ukrainian government to receive compensation from the state for significant investments. Under the agreement, the state will provide the agricultural holding with a number of incentives, including exemption from import duties on new equipment, import VAT on new equipment, and income tax for up to five years.

Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine and is the largest sugar producer in Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220,000 hectares, dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobyn (Poltava region), seven elevators, and a biogas complex.

In the first half of 2025, Astarta reduced its net profit by 10.3% to EUR47.11 million, and its consolidated revenue decreased by 29.3% to EUR320.71 million.

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Fregat plant increased its losses to UAH 50 mln in first nine months of 2025

In January-September 2025, the manufacturer of agricultural equipment and special-purpose machinery, JSC “Fregat Plant” (Pervomaisk, Mykolaiv region), increased its losses by 21% compared to the same period in 2024, to UAH 50.3 million.

According to the company’s financial report published in the information disclosure system of the National Securities and Stock Market Commission, net sales revenue decreased 3.8 times to UAH 35.2 million.

The company received UAH 10.5 million in gross profit (a year ago – UAH 50.7 million), and the loss from operating activities amounted to UAH 33.3 million, compared to a profit of UAH 16.3 million in January-September 2024.

“During the reporting period, the company focused its efforts on maintaining its customer base, supporting long-term partnerships with counterparties, and ensuring the economical and rational use of funds,” the report says.

The Fregat plant notes that the degree of utilization of fixed assets in the reporting period was 20%.

According to the plant, in the third quarter, the production of agricultural machinery for crop production accounted for 5.5% of the total volume of commercial products, and equipment for the processing industries of the agro-industrial complex accounted for 1.6%, while other types of products accounted for 92.9%.

The average salary in the third quarter of 2025 was 12.5% lower than in the same period of 2024, at UAH 10,900.

The Fregat plant specializes in the production of irrigation systems, road barriers, metal structures, as well as machine-building products and special-purpose machines.

As of October 1, 2025, it had an average of 126 employees, with 85 at the Eastern branch and 10 at the Dnipro branch (both in Pervomaisk).

As reported, in 2024, the plant increased its losses by 58% compared to 2023, to UAH 60.4 million, while its net income increased by 34.6%, to UAH 188.6 million.

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