Business news from Ukraine

Business news from Ukraine

Dnipro Switch Factory increased its net profit by 8% and will allocate UAH 432.8 mln to dividends

According to preliminary data, JSC Dnipro Arrow Plant (DnSZ, Dnipro) ended 2025 with a net profit of UAH 583.04 million, which is 8% more than in 2023.

According to information published in the disclosure system of the National Securities and Stock Market Commission (NSSMC) on the agenda of the general meeting of DnSZ shareholders on March 30, 74.2% of the net profit received, or UAH 432.75 million, is planned to be allocated to the payment of dividends at the rate of UAH 1,700 per share (with a par value of UAH 10.5).

The remaining profit in the amount of UAH 140.39 million is proposed to be left at the disposal of the company as undistributed profit.

As reported, based on the results of its activities in 2024, DnSZ paid shareholders UAH 420 million in dividends (from the net profit of UAH 540.4 million) at a rate of UAH 1,650 per share.

The agenda of the meeting includes, in particular, amendments to the company’s charter, the appointment of HLB Ukraine LLC as auditor for 2026 and 2027, and the granting of preliminary consent to significant transactions with a maximum total value of UAH 6 billion, in particular for the supply of products to Ukrzaliznytsia.

DnSZ manufactures various types of turnouts for mainline and industrial transport, as well as subways.

According to the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2024, 20.154% of DnSZ JSC shares are owned by Jonen Capital Limited (Cyprus), 5% is owned by Dnipro City Council deputy Zagid Krasnov, his sons Ruslan and Artem own 10% and 11.228% of the shares, respectively, and another 18.3% is owned by Israeli citizen Victoria Korban (sister of businessman Gennady Korban – IF-U).

Other shareholders who own more than 5% of Dnipro Zavod shares include board chairman Serhiy Taranenko (almost 10%), Iryna Taranenko (8.658%), and CFO Valery Kryachko (7.3%).

In January-September 2025, the plant increased its net profit by 69.6% compared to the same period in 2024, to UAH 503.16 million, while net income decreased by 2.7%, to UAH 1.54 billion.

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Arsenal Insurance increased its premium income by 60% in 2025, to UAH 5.06 bln

Insurance company Arsenal Insurance (Kyiv) collected UAH 5.06 billion in insurance premiums in 2025, which is 60% more than in 2024, according to the insurer’s website.

It is also noted that last year, the company’s strategic focus was on comprehensive insurance, in which it is one of the top two players in the Ukrainian market. In total, for 2025, the volume of CASCO premiums amounted to UAH 2.78 billion, which is 40% more than in 2024. Arsenal Insurance’s share of the CASCO market is approaching 20%.

According to the report, the company’s MTPL indicators have grown significantly over the past year. In 2025, Arsenal Insurance issued 50% more policies than in 2024, and MTPL premiums amounted to UAH 1.25 billion.

Premiums for voluntary medical insurance increased by 32% to UAH 459 million. The company’s medical service has over 200 corporate clients and approximately 45,000 insured individuals.

In addition, cargo insurance premiums for 2025 increased by 26% to UAH 229 million, and property insurance premiums increased by 22% to UAH 211 million.

The total amount of last year’s payments increased by 41% and approached UAH 2 billion. CASCO payments amounted to UAH 1.26 billion (+34% compared to 2024), MTPL payments amounted to UAH 298 million (+78%), and medical insurance payments amounted to UAH 241 million (+39%). More than 16,000 payments were made for CASCO, and more than 8,000 for MTPL.

The company reports that in 2025, it made payments for military risks in the amount of more than UAH 26 million. In particular, for damage to a solar power plant and several business centers.

At the end of the year, Arsenal Insurance’s net financial result amounted to UAH 354 million, almost three times more than in 2024.

The company emphasizes that in September 2025, it received full membership status in the Motor Transport Insurance Bureau of Ukraine, which allowed it to start selling Green Card international motor insurance policies.

During the year, corporate spaces in Kyiv, Odesa, Kharkiv, Chernivtsi, Rivne, Lutsk, and Kropyvnytskyi were renovated. In total, Arsenal Insurance has offices in 29 cities in Ukraine.

“Over the past 20 years, we have achieved many heights, the most important of which is leadership in CASCO. But our ambitions are not limited to profits and rankings. Now our goal is to become a lovemark in the insurance industry,” says Serhii Avdeev, majority shareholder and CEO of Arsenal Insurance.

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Net profit of FED aircraft plant in Kharkiv increased to UAH 188 mln in 2025

According to preliminary data, the FED aircraft manufacturing company (Kharkiv) ended 2025 with a net profit of UAH 187.58 million, which is 3.4% more than in 2024.

According to the agenda of the company’s general meeting of shareholders on March 12, UAH 45 million, or 24% of the profit, is planned to be allocated for the payment of dividends, and UAH 142.58 million will remain undistributed.

The dividend payment period is scheduled for April 1 to December 31, 2026.

According to the National Securities and Stock Market Commission (NSSMC) of Ukraine for the fourth quarter of 2025, more than 98% of the shares of FED JSC are owned by the company’s director, Viktor Popov.

As reported, at the end of 2024, FED JSC allocated UAH 40 million of its net profit of UAH 181.41 million to dividends, at a rate of UAH 4,575 per share with a par value of UAH 57,900.

The company’s authorized capital of UAH 506.162 million is divided into 8,742 thousand ordinary registered shares. As of October 1, 2025, retained earnings amounted to UAH 1.52 billion.

At the meeting, shareholders also plan to consider the re-election of the supervisory board, which currently consists of three members (including its chairman, Valery Fadeev).

In addition, the agenda includes the approval of SOVA Audit Firm LLC, selected on a competitive basis, to audit the annual financial statements of FED JSC for 2025.

JSC FED is one of Ukraine’s leading enterprises. It 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, in January-September 2025, the company’s net profit increased by a quarter to UAH 176 million, and net income by 32% to UAH 774.9 million.

In 2024, the plant reduced its net profit by 43% compared to the previous year, to UAH 181.4 million, while its net income fell by 26%, to UAH 831.7 million.

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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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Centravis increased pipe exports to 96% and doubled profits in 2025

Centravis Production Ukraine (Nikopol, Dnipropetrovsk region), part of Centravis Ltd., produced 13.77 thousand tons of seamless stainless steel pipes in 2025, compared to 13.7 thousand tons in 2024, while in 2023–2024, the company’s annual production growth rate reached 12%.

As Centravis CEO Yuriy Atanasov said during an online press conference on Friday, Nikopol is currently under constant shelling.

“We continue to work in these difficult conditions. And production at the level of almost 14 thousand is an incredible victory. We are improving our financial position and reducing our credit position. We are raising salaries, and the average salary in the company has now reached UAH 39,000,” the CEO said.

According to him, in 2025, the company increased its export share from 90% to 96% and supplied more than 13,000 tons of seamless stainless steel pipes to world markets.

According to the press release, among Centravis’s contracts are cooperation with GE Steam Power, a division of General Electric specializing in equipment for steam power and industrial energy systems; a contract with Ellimetal NV, a Belgian company that processes and supplies high-tech metal solutions for heat exchange and industrial equipment; a contract with RFF Rohr Flansch Fitting, under which Centravis won the competition with leading European manufacturers and supplied pipes for the overhaul of a heat treatment furnace at the Voestalpine Donawitz plant (Austria), as well as a number of other projects.

The main focus is on maintaining and strengthening positions in the global market, working with high-tech customers, and implementing complex engineering solutions.

“For us, it’s not about quantity, but quality. We don’t compete with cheap Indian or Chinese pipes. Our priority is marginal projects with complex technical solutions and increased quality requirements. In this segment, we are able to compete with leading European and American manufacturers,” Atanasov emphasized.

He also recalled that in 2025, Centravis traditionally participated in key global industry events, including Adipec 2025 in the UAE and Made in Steel in Milan.

The press release also states that the economic results of 2025 enabled the company to increase investment in production, fulfill its social obligations, and contribute to Ukraine’s sustainability. Last year, investments amounted to UAH 159.6 million (+13.5%); the amount of taxes and fees paid increased by 24% to UAH 680.8 million; and funding for philanthropic projects reached UAH 11.5 million.

“We hope that 2026 will bring Ukraine lasting and just peace, and we will be able to focus on rebuilding the country, developing production, and exporting products made in Ukraine,” Atanasov concluded.

According to Centravis CFO Alexander Joseph, EBITDA in 2025 amounted to EUR 12 million, which is twice as much as in 2024.

As reported, the company planned to increase production to 15,000 tons in 2025.

Centravis was founded in 2000 and is one of the ten largest manufacturers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovsk region). In 2023, a branch of the company opened in Uzhhorod.

Centravis Ltd. was created on the basis of Nikopol Stainless Steel Pipe Plant CJSC and the service and trading companies of YVIS Production and Commercial Enterprise LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares of PJSC “Centravis Production Ukraine.”

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Kyivstar exceeded forecasts, increasing revenue and profit by 24-26% in 2025

According to the results of 2025, Kyivstar, Ukraine’s largest mobile operator, increased its revenue and EBITDA by 24-26%, exceeding the forecast announced in November 2025, according to a press release from telecommunications holding company VEON, the main shareholder of Kyivstar Group with an 89.6% stake.

According to preliminary unaudited estimates, capital expenditures in 2025 are expected to be in the range of 29-31% of revenue.

VEON expects the results to exceed the 2025 forecast published on November 10, 2025, along with the financial results for the third quarter of 2025, the release said.

As reported, Kyivstar served 22.5 million mobile subscribers in the third quarter of 2025, down 3.6% from the previous year, while the number of 4G customers grew by 2.4% to 15 million.

In the third quarter of 2025, the company’s EBITDA was UAH 7.1 billion, which is 21.5% more than in the third quarter of 2024, and in dollars, the growth was 20.4% to $171 million.

In the first half of 2025, Kyivstar increased its EBITDA by 32% to $06 million, while its revenue grew by 28% to $539 million.

In August 2025, Kyivstar Group Ltd. (Nasdaq: KYIV) announced the completion of its listing on the Nasdaq Stock Market LLC (Nasdaq) and the start of trading in the shares of the largest mobile operator Kyivstar under the ticker KYIV.

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