TAS Dniprovagonmash LLC (DVM, Kamianske, Dnipropetrovsk region), controlled by the TAS financial and industrial group of businessman Serhiy Tihipko, ended January-September 2025 with a loss of UAH 23.7 million, while for the same period in 2024, net profit amounted to UAH 53.9 million.
According to the company’s published interim financial statements, the company’s net income increased by 16.3% to UAH 1 billion 486.5 million.
The company reduced its gross profit by 32.6% to UAH 92.3 million, incurring a loss of UAH 13.7 million from operating activities, compared to a profit of UAH 67.6 million in January-September 2024.
As reported, in the first half of this year, the company incurred a loss of UAH 39.6 million (a year earlier, it had a net profit of UAH 18.8 million) due to a 29.5% decrease in revenue to UAH 561.2 million.
Thus, TAS Dniprovagonmash ended the third quarter of this year with a net profit of almost UAH 16 million, which is 54.4% less than in the same period last year, while net revenue increased by 92.2% to UAH 925.2 million.
The plant notes that in the third quarter, exports accounted for 38.4% of sales, with rolling stock supplied to Lithuania and Croatia.
According to the report, in the third quarter of this year, the plant produced 159 freight cars (compared to 139 in the same period of 2024), with an average selling price of UAH 2,530,900 (compared to UAH 2,782,800 in the second quarter).
The company does not provide the total number of cars produced in nine months, but based on quarterly data, 542 cars were produced, which is 19% more than in the same period last year (456 cars).
TAS Dniprovagonmash’s share in the total production of freight cars in Ukraine in July-September was 90% (in the first quarter – 25.8%, in the second – 46%), and its main competitors remain the Kryukiv Railway Car Building Works (which did not produce freight cars in the third quarter), the Karpaty Research and Mechanical Plant, and Ukrzaliznytsia enterprises.
The plant’s production capacity was utilized at 25% in the second quarter, and its equipment at 29%.
As of the beginning of October this year, the company employed 708 people.
As reported, TAS Dniprovagonmash, which has the capacity to produce 9,000 railcars per year, increased its sales of freight railcars by 63.7% in 2024 compared to 2023, to 606 units, and production by 59.2%, to 602 units.
Last year, the plant increased its net profit by 31.6% to UAH 62.3 million and its net income by 61.8% to UAH 1 billion 743.7 million.
The TAS Group is one of the largest financial and industrial groups in Ukraine, operating in the banking sector, insurance, railcar manufacturing, metallurgy, logistics, agriculture, food industry, packaging materials production, and real estate.
In the third quarter of 2025, the state-owned Oschadbank received UAH 4.19 billion in net profit, which is 38.6% more than in the same period of 2024, while pre-tax profit increased by 7.1% to UAH 5.69 billion.
According to the bank’s financial statements on its website, net interest income increased by 31.8% to UAH 8.19 billion, while net commission income increased by 25.5% to UAH 2.07 billion.
At the same time, Oschadbank incurred a loss of UAH 0.2 billion from transactions with financial instruments at fair value in the third quarter, compared to a profit of UAH 1.37 billion in the same period of 2024, while foreign currency transactions, as in the previous year, brought in UAH 0.29 billion.
Overall, the bank’s operating income for July-September increased by 17.9% to UAH 11.58 billion, while employee compensation expenses increased by 26.4% to UAH 2.70 billion, and other administrative and operating expenses increased by 35.1% to UAH 2.37 billion.
According to the report, the volume of loans provided to the bank’s customers has grown by 10.2% since the beginning of the year, to UAH 148.16 billion.
It is noted that in the third quarter, the bank continued to grow its loan portfolio in the corporate, SME, and retail segments, in particular within the framework of the “Affordable Loans 5–7–9%” and “єОселя” mortgage lending programs. As of September 30, 2025, the gross value of loans provided under the “єОселя” program amounted to UAH 10.79 billion, compared to UAH 8.57 billion at the end of 2024.
Overall, in the first nine months of 2025, the bank increased its net profit by 17.3% to UAH 13.88 billion, which allowed it to reduce its uncovered loss by 2.5 times to UAH 6.93 billion. As a result, since the beginning of the year, Oschadbank’s equity capital has grown by 28.8% and amounted to UAH 44.6 billion as of September 30, 2025, while total assets during this period increased by 6.6% to UAH 456.73 billion.
According to the NBU, as of September 1, 2025, Oschadbank ranked second among 60 banks in Ukraine with assets of UAH 452.24 billion.
Kyiv Electric Locomotive Repair Plant (KEVRZ), part of Ukrzaliznytsia, reported a net profit of UAH 37.1 million in January-September 2025, compared with a loss of UAH 1.5 million in the same period of 2024.
According to the company’s interim financial report published in the NSSMC’s information disclosure system, its net income for the first nine months grew by 66.2% to UAH 1.138 billion.
The plant received UAH 86 million in gross profit compared to UAH 32 million a year earlier, receiving UAH 47.7 million in profit from operating activities compared to UAH 0.86 million.
According to the plant, in the first half of this year, it received almost UAH 19 million in net profit, compared to a loss of UAH 6.2 million in January-June 2024, with net income growing by 41.2% to UAH 692.3 million.
Thus, KEVRZ ended the third quarter of 2025 with a net profit of UAH 18.2 million, almost four times more than in July-September 2024, and net income increased 2.3 times to UAH 445.5 million.
The plant notes that during the reporting period, it sold 36 repaired electric locomotive sections for UAH 1 billion (19 sections in the first half of 2025), 157 wheel sets for UAH 70.2 million, and 309 electric machines for UAH 51.7 million.
KEVRZ was founded in 1868. It specializes in the overhaul of electric trains for Ukrainian railways, the repair of units and assemblies, electric machines, electric motors, and wheel sets, and the manufacture of spare parts.
The plant ended 2024 with a net profit of UAH 16.1 million, which is 31.3% less than in the previous year, with a slight decrease in revenue to UAH 1 billion 268 million. It sold 40 electric sections, 177 wheel sets, 623 traction motors, and auxiliary machines.
JSC Dnipro Switch Factory (DnSZ, Dnipro), a major Ukrainian manufacturer of switches for main railway tracks, increased its net profit by 69.6% in January-September 2025 compared to the same period in 2024, to UAH 503.16 million.
According to the financial results report on the company’s website, net sales revenue for this period decreased by 2.7% to UAH 1 billion 542.5 million.
DnSZ received UAH 625.3 million in profit from operating activities (50% more), and gross profit amounted to UAH 657.1 million (+8.2%).
As reported, in the first half of 2025, the plant increased its net profit by 2.2 times compared to the same period in 2024, to UAH 249.2 million, with revenue growing by 24.2% to UAH 796.7 million.
Thus, in the third quarter of 2025, DnSZ increased its net profit by 39.3% compared to July-September 2024, to UAH 254 million, while net income decreased by 21%, to UAH 745.8 million.
Founded in 1916, Dnipro Railway Switch Plant currently manufactures various types of railway switches for mainline and industrial transport, subways, as well as track superstructure elements. It has a full production cycle, including its own design bureau.
The plant ended 2024 with a consolidated net profit of UAH 540.41 million, which is 6% more than in 2023, of which 78% (UAH 420 million) was allocated to dividend payments. Consolidated revenue grew by 77% to UAH 1.79 billion.
According to the company’s report on its website, unconsolidated net profit increased by 6.7% to UAH 544.22 million, with revenue growing by 31.1% to UAH 2.346 billion.
The share of exports in 2024 was 5.6%. Products were shipped to Georgia, Azerbaijan, Moldova, Bulgaria, Germany, and the Baltic states.
The aviation industry enterprise FED (Kharkiv) ended January-September 2025 with a net profit of UAH 176 million, which is 25.4% more than in the same period of 2024.
According to the company’s interim financial statements published in the NSSMC’s information disclosure system, its net income for this period increased by 32% to UAH 774.9 million.
FED received UAH 218.7 million in profit from operating activities, which is 17.3% more than last year, while gross profit increased by 30% to UAH 247.6 million.
As reported, in the first half of this year, FED JSC increased its net profit almost threefold compared to the same period in 2024, to UAH 158.2 million, with net income more than doubling to UAH 601.6 million.
Thus, in the third quarter of 2025, the company reduced its net profit by 4.8 times compared to July-September 2024, to UAH 17.8 million, while net income decreased by 42.3% to UAH 173.3 million.
FED JSC specializes in the development, production, maintenance, and repair of aviation, space, and general engineering equipment.
The average number of full-time employees as of October 1, 2025, was 953.
As reported, FED received UAH 181.4 million in net profit in 2024, which is 43% less than in 2023, of which 28% (UAH 40 million) was allocated to dividend payments. Net income decreased by 26% to UAH 831.7 million.
The pharmaceutical company PJSC Kyiv Vitamin Plant (KVP) increased its net profit by 2.2 times in the first nine months of 2025 compared to the same period in 2024, to UAH 235.185 million.
According to the company’s disclosure to the National Securities and Stock Market Commission, net sales revenue for January-September 2025 increased by 2.5% to UAH 3.529 billion.
In January-September 2025, the company produced 35.770 million packages of medicines, for a total of UAH 4.268 576 billion at list prices.
The average selling price of one package of medicines produced by KVZ was UAH 133, the average cost of a package of KVZ dietary supplements was UAH 125, and medical products were UAH 263 per package.
In addition, the company reported that in the first nine months of 2025, KVZ exported products worth UAH 123.391 million, which is 3.5% of total sales. KVZ’s main export markets are Kazakhstan, Moldova, Latvia, Uzbekistan, and Israel.
The company plans to increase sales by 17.5% in 2025.
In addition, the company reported that total research and development expenses for the third quarter of 2025 amounted to UAH 5.246 million, which is almost twice as much as in the previous quarter.
The main distributors of KVZ products are BaDM LLC, Optima-Pharm, LTD, and VENTA. LTD.
The company reports that, based on the results of the first nine months of 2025, KVZ ranked fourth in the pharmaceutical market in terms of retail sales in monetary terms, with a market share of 3.29%.
As reported, KVZ increased its net profit by 8.74% compared to 2023, to UAH 156.84 million, and its revenue from sales of goods increased by 14.71% to UAH 4.944 billion in 2024.
KVZ is one of the ten largest pharmaceutical companies in Ukraine. The company’s product portfolio includes more than 100 medicines and 20 dietary supplements.
According to the Opendatabot system, the ultimate beneficiary of KVZ is Canadian citizen Maxim Martin.
