Business news from Ukraine

Business news from Ukraine

“TerA” shareholders to allocate 46.6 mln UAH in profits toward development

Shareholders of the confectionery factory PJSC “TerA” (Ternopil) plan to allocate UAH 46.615 million in net profit for 2025 toward production development at the annual remote general meeting on April 29, the company reported in the NSSMC’s information disclosure system.

According to the draft resolution, the meeting agenda also includes a motion to terminate the powers of the current members of the supervisory board and elect new members. Shareholders are being asked to approve a monthly remuneration of UAH 250,000 for the board chair and UAH 60,000 for each board member.

In addition, shareholders plan to grant preliminary consent for the company to enter into significant transactions during the year, including contracts for the sale and purchase of property, leasing, rental, loan agreements, and pledges totaling up to UAH 100 million, and to appoint Galychyna-Audit LLC as the auditing entity for the mandatory audit of financial statements.

According to Opendatabot, the company’s net profit for 2025 decreased by 16.1% to UAH 46.62 million, while revenue increased by 38.5% to UAH 514.74 million. The company’s assets increased by 40.1% to UAH 231.91 million, and liabilities by 64.8% to UAH 56.61 million.

PJSC “TerA” was founded in 1991 and specializes in the production of crackers, cookies, cakes, and other long-shelf-life confectionery products. Its production facilities are located in Ternopil. According to the registry, the majority shareholder and

PJSC “TerA” (Ternopil Confectionery Factory) was founded in 1991 and manufactures over 200 varieties of crackers, cookies, cakes, and other long-shelf-life confectionery products, which it sells under the “TerA” trademark. The company operates a full production cycle at its facilities in Ternopil and has branches in Kyiv and Western Ukraine. It is developing its own retail chain of “TerA” stores and exports products to the EU. The ultimate beneficiary of the company is Lyudmila Nikolaychuk (74.8%).

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Kharkiv Die Plant Increased Its Profit 6.7-Fold in 2025

PJSC “Kharkiv Die and Mold Plant” (KDM, Kharkiv) ended 2025 with a net profit of UAH 3.9 million, compared to UAH 0.58 million in 2024.

According to the company’s annual report published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), net sales revenue increased by 60% to UAH 53 million.

Retained earnings as of the beginning of 2026 amounted to UAH 21.5 million, current liabilities to UAH 2.4 million, and long-term liabilities to UAH 1.47 million.

The plant had no contracts that had been concluded but not yet fulfilled, and the utilization rate of fixed assets was 100%.

KhZShP specializes in the production of cold sheet metal stamping dies, molds (for metal and plastic casting, as well as rubber and technical products), metal furniture, and consumer goods (ski bindings, furniture brackets, angle brackets, and fasteners).

According to data from the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2025, more than 70.68% of the shares in PJSC “KhZShP” are owned by Said Shufani, 9.877% by Natalie Shufani, and nearly 10% by Mykhailo Bilyansky.

Said Shufani is the founder of the Variant Group of Companies, which he manages together with his sons. The group comprises 12 enterprises (10 of which are metalworking companies), which, in particular, are customers of KhZShP’s products.

According to the report, the plant’s main customers are Kharkiv-based “Variant Agro Bud,” PK “Industri,” LLC “SSK TM,” “S.S. Scaffolding,” “Litpol-Ukraine,” “KMD Facade Solutions,” “Termofit,” as well as “Technika Montazhu” (Lviv Oblast), ‘Stemax’ (Kyiv), the Dnipro Timber Processing Plant, and “Launch Ukraine” LLC (Dergachi, Kharkiv Oblast).

As of early 2026, the plant employed 81 people.

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“Centrenergo” Reports UAH 4.6 Bln in Net Profit for First Time in Years

Centrenergo PJSC, 78.3% of whose shares are owned by the state, reported a net profit of UAH 4.6 billion for 2025, following years of losses, the company announced.

“23 billion UAH in revenue, 4.64 billion UAH in net profit, 22% profitability, 2.7 billion UAH in taxes and fees paid, 2 billion UAH in debts from previous periods repaid, 2 billion UAH of own funds spent on recovery after shelling,” the company stated in a Facebook post on Thursday.

The company also noted that its equity increased from a deficit of 6 billion UAH to a surplus of 2 billion UAH, calling this an exit from default.

“This is more than just a financial result. We have proven that a state-owned company can be effective and become a pillar of support for the country. Even under shelling, we bring benefit to the country and light to Ukrainians,” emphasized Centrenergo CEO Yevhen Harkavyi.

The company noted that over the course of the year, it sustained over 100 hits during shelling by the Russian Federation.

As reported, the State Property Fund, as the owner of 78.289% of the shares in PJSC “Centrenergo,” proposes to allocate between 1.2 billion UAH and 3 billion UAH for dividends based on the company’s 2025 performance, representing 30% and 75% of its net profit, respectively. The meeting is scheduled for April 24.

In December 2025, in an interview with Interfax-Ukraine, Andriy Hota, then-chairman of Centrenergo’s supervisory board, noted that the company was expected to end 2025 with a financial result that, in his words, had been achieved for the first time in decades—approximately 4.5 billion UAH in net profit. He added that starting in July 2024, when Yevhen Harkavyi was appointed CEO, Centrenergo had not posted a loss in a single month. In addition, the company has repaid nearly 2.5 billion UAH in debts from previous periods, including those owed to state-owned mines and Naftogaz, and has stopped accumulating new debt. At the same time, he noted that Ukrenergo owes the power company 2.2 billion UAH for work on the balancing market.

On April 2, at a meeting of Centrenergo shareholders, the State Property Fund proposed former Economy Minister Bohdan Danylyshyn and former Environment Minister Ruslan Strilets as candidates for members of its supervisory board—as its representatives. In addition, the State Property Fund proposed three independent members for the supervisory board: Farid Safarov, former deputy head of the Ministry of Energy from 2021 to 2024, who has also served as chairman of the supervisory board of JSC “UkrTatNafta” for the past four years and, since 2025, an advisor to the chairman of PJSC “Ukrnaftovoronburinnya,” Yelyzaveta Pushko-Tsybulyak, who served as head of the Finance Department from 2020 to 2023 and as a member of the Accounting Chamber of Ukraine from 2024 to 2025, as well as Benoît Plesca, who has headed the supervisory board of PJSC “Ukrainian Danube Shipping Company” from 2025 to the present, and served as chairman of the supervisory board of JSC “Ukrposhta” from 2018 to 2023.

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“Lutsk Foods” increased its net profit by 22% in 2025

PJSC “Lutsk Foods” (Volyn Oblast), one of Ukraine’s largest producers of grocery products (under the “Runa” brand), reported a net profit of UAH 39.425 million for 2025, which is 22.1% higher than in 2024 (UAH 32.284 million), the company announced in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the draft resolution of the annual general meeting of shareholders, scheduled for April 30, 2026, to be held remotely, it is proposed that the profit earned remain undistributed. Shareholders adopted a similar resolution last year as well.

In addition, shareholders intend to elect a new composition of the supervisory board for a three-year term due to the expiration of the terms of the current board members—S. Valiev, O. Khodachuk, and M. Datsenko.

The agenda also includes granting approval for significant transactions with a maximum value of up to UAH 300 million each to attract investments for the modernization of facilities.

According to data from the OpenDataBot service, the company’s revenue in 2025 increased by 1.5% to UAH 840.7 million, compared to UAH 828.13 million a year earlier; assets increased by 3.4% to UAH 315.42 million, and debt obligations by 1.5% to UAH 120.11 million.

The company’s authorized capital is UAH 16 million. The ultimate beneficial owner of the company, through JSC “ZNVKIF ”Theseus” (99.49% stake), is Artem Khodachuk.

PJSC “Lutsk Foods” was founded in 1991. It produces sauces based on tomato paste, ketchup, adjika, mustard, and vinegar under the “Runa,” “Ridny Krai,” and “Sribnytsia” brands. The products are exported to markets in over 20 countries worldwide.

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Mirgorodkurort saw its net profit drop by factor of 2.2 to 505,700 UAH

The health resort PJSC “Mirgorodkurort” (Poltava region) reported a 2.2-fold decrease in net profit for 2025 compared to the previous year, down to UAH 505,700.

According to the company’s report in the disclosure system of the National Securities and Stock Market Commission (NSSMC), net profit per share amounted to UAH 1.51.

According to information in the agenda of the company’s annual general meeting, scheduled for April 27, 2026, Mirgorodkurort’s assets as of the end of 2025 increased by 2.3% to UAH 112 million. Total accounts receivable grew by 2.1% to UAH 9 million, while current liabilities and provisions increased by 36.4% to UAH 30.6 million.

The company’s retained earnings as of the end of 2025 amounted to UAH 32.4 million.

The shareholders of “Mirgorodkurort” plan to allocate 60.09% of the net profit earned last year, amounting to UAH 303,700, for dividend payments; 5%, or UAH 25,200, for the reserve fund; and 34.91% (UAH 176,400) to remain undistributed.

The agenda for the company’s annual meeting also includes a motion to renew the composition of the supervisory board.

PJSC “Mirgorodkurort” was established in 2002 and provides sanatorium and resort services. Its structure includes two subsidiaries—“Multisectoral Public Utilities Enterprise” and “Mirgorod Sanatorium and Resort Complex”—as well as the sanatorium branches “Poltava,” “Mirgorod,” “Berezovy Gai,” and “Khorol.” The bed capacity is 800 beds, with an additional 750 seasonal beds.

According to the NSSMC, as of the fourth quarter of 2025, the main shareholder of PJSC “Mirgorodkurort” is PJSC “Ukrprofzdravnitsa” (98.1%).

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Artvineri’s net profit rose from 3.1 mln UAH to 99.6 mln UAH

The supervisory board of Artvineri PJSC (Kyiv), one of Ukraine’s largest producers of sparkling wines, plans to leave the 2025 profit undistributed at the annual remote general meeting of shareholders on April 28.

According to the company’s filing in the NSSMC’s disclosure system, the agenda also includes the approval of the results of financial and operational activities and the Supervisory Board’s report for 2025.

In addition, shareholders are being asked to completely renew the composition of the Supervisory Board. The draft resolution provides for the termination of the powers of the current board members: Tetiana Akhmetova-Aidarova (holds 16.45% of shares), Anna Kuznetsova, and Andriy Kharaman. The election of the new composition of the governing body will be conducted by cumulative voting.

Artvineri PJSC (formerly Artemivsk Champagne Factory) produces sparkling wines using the traditional bottle method. Following the start of Russia’s full-scale invasion and fierce fighting for Bakhmut, where production facilities and underground tunnels remained, the company relocated. Currently, bottling and aging of products are carried out at partner facilities in the Odesa region. The company exports its products to over 20 countries worldwide.

According to data from the Opendatabot service, by the end of 2025, the company’s net profit had grown to 99.61 million UAH, compared to 3.14 million UAH in 2024. The company’s net revenue decreased by 2.67% to UAH 515.81 million. The company’s assets increased to UAH 479.91 million, compared to UAH 370.05 million a year earlier. Debt obligations for the reporting period rose by 2.5% to UAH 472.51 million. The number of employees in 2025 decreased to 85 compared to 95 employees a year earlier. The company’s authorized capital is UAH 46.98 million.

The shareholders of Artviner are Tetyana Akhmetova-Aidarova (16.45%), Serhiy Kiy (13.67%), Boris and Svitlana Kolesnikov (9.77% each), Demetra Company LLC (9.71%), and Iryna Akhmetova (7.05%).

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