The general meeting of shareholders of JSC Concern Galnaftogaz has decided to allocate most of its net profit for 2024 to dividend payments, according to the SMIDA information disclosure system.
According to the report, the total amount of dividends payable for last year is UAH 1.26 billion. The dividend per share is UAH 0.064. The payment period is from May 26 to October 30, 2025 (inclusive).
In accordance with this decision, on May 8, the board of directors of the concern decided to set May 23 as the date for compiling the list of persons entitled to receive dividends.
As reported, at the end of 2024, JSC Concern Galnaftogaz received UAH 1.424 billion in net profit. “Our company pays dividends from one business and reinvests the funds in the creation of new infrastructure and jobs in Ukraine in others. We are talking about our projects in renewable energy – we are building a 147 MW wind farm, with plans for a second phase with a larger capacity of 190 MW; a biofuel production plant is also under construction, and we are developing the agricultural sector. Investments in alternative energy alone amount to over €600 million. These projects are being implemented despite all the military risks, which demonstrates our company’s long-term business motivation within the country,” commented Vasyl Danylyak, CEO of the OKKO group of companies.
Vitaliy Antonov, a shareholder of GNG RETAIL LIMITED registered in Cyprus, who owns 99.22619% of its shares, initiated the distribution of profits at the shareholders’ meeting on April 30, 2025, as follows: UAH 1.26 billion for dividends and UAH 165.67 million to be left undistributed at the disposal of the joint-stock company.
Another draft resolution of the meeting on the distribution of profits provided for leaving it undistributed at the disposal of the joint-stock company.
Galnaftogaz manages one of the largest OKKO fuel station chains, which has over 400 complexes with a network of catering establishments. The concern also includes other businesses.
In June 2024, the EBRD and OKKO signed a EUR60 million loan agreement at the Ukraine Recovery Conference in Berlin for the construction of a new bioethanol plant in the Ternopil region with a capacity of 83,000 tons per year. It is planned to be built in two years. The products will be sold on foreign and domestic markets.
Recently, Vasyl Danylyak, CEO of the OKKO group of companies, announced that its 20 MW energy storage facility (ESF), which was completed at the end of 2024, could start providing energy balancing services to NEC Ukrenergo next month.
He also noted that the group is diversifying its business and, as part of this diversification, is developing a number of projects in renewable energy.
According to Danylyak, active preparations are underway for the construction of a 147 MW wind farm in the Volyn region, with financing provided by a number of international financial institutions. The company plans to complete the first phase of the wind farm by the end of this year, with full capacity expected to be reached by the end of the first quarter of next year.
Danylyak also announced further plans to implement a larger project in the Volyn region – a 190 MW wind farm, which has been under development for the past two years. Its cost is estimated at EUR 300 million, while the 147 MW wind farm is estimated at EUR 240 million.
According to him, the company is working with various financial institutions to raise funds for this project.
A major manufacturer of glass containers, Kostopil Glassworks (KGS, Rivne region), ended 2024 with a net profit of UAH 76.5 million, which is 6.6 times less than in 2023.
According to the company’s financial report published in the National Securities and Stock Market Commission’s disclosure system, its net income decreased by 18% to UAH 1 billion 467.8 million.
The company received UAH 100.9 million in profit from operating activities (6.2 times less), and gross profit decreased threefold to UAH 235.3 million.
The company’s main products are beverage containers (91% of last year’s production), with bottles accounting for 9%.
Production amounted to 360.449 million pieces (64.44 thousand tons) worth UAH 1 billion 458.8 million, with an average selling price of UAH 22.63 thousand per tonne excluding VAT.
According to the plant, 51% of the products sold last year (755.3 million UAH) were exported, in particular to Poland, Hungary, Romania, Bulgaria, Slovakia, Moldova, Lithuania, Latvia, and Estonia.
The main consumers were Trade pol (20% of total revenue), Varda drink (7%), Group AWW Spolka (5%), as well as Yuria-Farm (7%) and Alko-Trading (5%).
The main suppliers of raw materials and goods for the glass factory were Papernyansky Glass Sand Quarry, Yug-Trading-Group, Glass-Alliance, EK Silend, UkrYugimpex, Naftakhim, Lutskkarton, and the Kyiv Cardboard and Paper Mill. Soda was supplied by the Polish company Ciech S.F., and field spar was supplied by the Turkish company Sankar Global.
The report notes that Kostopil Glassworks is one of the largest industrial enterprises in the Rivne region and is one of the five largest manufacturers of glass containers in Ukraine.
The plant lists Vilnohirsk Glass and Vetropack Gostomel Glassworks as its main competitors in Ukraine.
“In order to maintain its competitive position in the glass container market in Ukraine and abroad, the plant is investing heavily in development. In particular, to minimize its own energy consumption, a rooftop solar power plant worth UAH 34.2 million was commissioned in June 2023,” the report says.
KZS reports that it plans to increase glass container production by 10-15% annually and increase sales accordingly.
As of early 2025, the plant employed 503 people.
According to YouControl, the chairman of the Federation of Employers of Ukraine, Dmytro Oliynyk, owns 19.46% of KZS LLC, his family members Tetiana, Kyrylo, and Ivan Oliynyk own 16.27% and 6.9% respectively, another 22% belongs to the Bulgarian company Fisherman Investments, and 9.06% belongs to Andrii Rybitsky.
The association of trade union health and wellness facilities of Ukraine, Ukrprofzdravnitsa, reported a net profit of UAH 14.6 million in 2024, compared with a loss of UAH 60.9 million in 2023.
According to the association’s disclosure to the National Securities and Stock Market Commission (NSSMC), its net income increased by 25.4% to UAH 17.2 million.
According to the report, Ukrprofzdravnitsa’s assets grew by 8.2% in 2024, to UAH 927 million. At the same time, current liabilities decreased by 0.2%, to UAH 93.4 million, while long-term liabilities were absent at the end of the year.
The PJSC’s uncovered loss last year decreased by 6.3% and amounted to UAH 282.1 million.
As noted, 17 sanatorium and resort facilities of the association carried out medical activities in 2024. The largest number of patients were admitted to the state-owned enterprise (SOE) Clinical Sanatorium Roscha (8,500 people), SOE Clinical Sanatorium Khmilnyk (7,100) and SOE Clinical Sanatorium Karpaty (6,300).
In addition, last year, Ukrprofzdravnitsa facilities accommodated 220 internally displaced persons, including 65 children. Also, 12,000 military personnel and their family members underwent health improvement in its facilities, of whom 11,400 underwent rehabilitation.
Ukrprofzdravnitsa was founded by the Federation of Trade Unions of Ukraine and the Social Insurance Fund of Ukraine for Temporary Disability. It is the largest association in the field of sanatorium and resort services in the country. It has 61 mineral water deposits and 13 therapeutic mud deposits at its disposal.
State-owned PrivatBank (Kyiv) received UAH 16.9 billion in net profit in January-March 2025, which is 21.9%, or UAH 3.0 billion, more than a year ago, when net profit amounted to UAH 13.9 billion.
The bank’s pre-tax profit amounted to UAH 22.3 billion, which is 19.1%, or UAH 3.5 billion, more than in the first quarter of 2024.
According to the report, PrivatBank’s net interest income increased by 16.4% compared to the first quarter of 2024, to UAH 18.49 billion, while net commission income increased by 4.9%, to UAH 6.64 billion.
Net income from foreign currency transactions for the reporting period increased by 11.8% to UAH 1.46 billion. In addition, the revaluation of foreign currency brought in another UAH 0.40 billion, while in the first quarter of 2024, the result was negative at UAH 0.90 billion.
At the same time, employee compensation expenses increased by 29.6% to UAH 3.64 billion, while other operating and administrative expenses increased by 11.1% to UAH 2.65 billion.
Funds in accounts of individuals in the first quarter of 2025 increased by 1.6%, or UAH 7.3 billion, to UAH 612.8 billion, while the number of individual customers decreased from 18.32 million to 18.2 million.
It is noted that PrivatBank’s net loan portfolio for January-March grew by UAH 5 billion to UAH 117.8 billion, and the number of the bank’s business clients increased from 910,000 to 918,000.
The bank reported that in the first quarter it carried out a large-scale upgrade of Privat24, including expanding accessibility for all categories of customers. As a result, the number of users grew from 13.76 million to 13.9 million.
At the same time, PrivatBank’s total assets for the first quarter of 2025 decreased by 1.1%, or UAH 8.6 billion, to UAH 752.8 billion compared to the previous quarter.
In addition, during the quarter, the number of PrivatBank branches decreased by three to 1,160, ATMs by 11 to 6,847, while terminals and POS terminals increased by 19 and more than 10 thousand to 10,439 thousand and 326.12 thousand, respectively.
According to the National Bank of Ukraine, PrivatBank ranked first in terms of total assets (UAH 947.13 billion, or 25.3%) among 61 banks at the beginning of this year.
Dnipro Switch Factory (DnSZ, Dnipro), a major Ukrainian manufacturer of switch points for main railway tracks, increased its net profit by 2.1 times in January-March 2025 compared to the same period in 2024, to UAH 113.18 million.
According to the company’s financial results report on its website, net sales revenue for this period increased by 21.7% to UAH 415.36 million.
DnSZ received UAH 135.82 million in operating profit (2.1 times more), and gross profit amounted to UAH 155.13 million (+61.2%).
Founded in 1916, DnSZ currently manufactures various types of switch points for mainline and industrial transport, subways, as well as upper track structure elements.
The company 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 increased 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.
Exports accounted for 5.6% of total sales in 2024, with products shipped to Georgia, Azerbaijan, Moldova, Bulgaria, Germany, and the Baltic states.
PrJSC “Ukrainian Financial Housing Company” (Ukrfinzhytlo), which manages the state program “eOselya”, increased its assets by 54% to UAH 93.76 billion in 2024.
According to the company’s annual financial statements posted in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its revenues increased by 25.7% last year to UAH 10.3 billion, while expenses increased 2.7 times to UAH 2.73 billion.
The company’s retained earnings at the end of 2024 amounted to UAH 9.5 billion.
As of December 31, 2024, financial investments in the company’s securities amounted to UAH 68.9 billion, and loans for UAH 12.9 billion were received. The company’s net profit increased by 5% to UAH 6.2 billion.
In 2024, Ukrfinzhytlo reportedly issued UAH 14.4 billion in loans to partner banks to finance the eHouse program, including by quarter: first quarter – UAH 3.7 billion; second quarter – UAH 4.3 billion; third quarter – UAH 3.3 billion; fourth quarter – UAH 3 billion.
In addition, in 2024, the company paid UAH 3.3 billion in favor of the state to the budgets of all levels and other target funds in the form of taxes, fees and other mandatory payments.
“Ukrfinzhytlo also plans to distribute UAH 1.87 billion in dividends from its net profit for 2024 to the state budget.
As reported, the eOselya affordable mortgage lending program was launched in Ukraine in October 2022. Contract servicemen of the Armed Forces of Ukraine, employees of the security and defense sector, healthcare workers, teachers, and scientists can apply for a preferential mortgage at 3% per annum for up to 20 years with a down payment of 20% of the cost of housing. Starting from August 1, 2023, war veterans, combatants, internally displaced persons (IDPs) and citizens who do not own housing exceeding the standard area can apply for the eHouse program at a 7% interest rate.
Under the terms of the program, privileged categories of participants can buy housing in a house under construction and houses not older than 10 years (in the capital and regional centers), while other participants can buy housing in a house not older than three years or a building under construction. IDPs can participate in “eHouse” at 7% per annum and purchase housing less than 10 years old or under construction throughout Ukraine, where the program operates.
The Cabinet of Ministers of Ukraine amended the terms of eHouse by Resolution No. 939 of August 16. In particular, starting from September 19, eRestoration certificates can be used as a down payment for the purchase of housing under eHouse, property rights to private houses under construction can be purchased, and interest rates have been increased after 10 years of loan servicing. Starting from October 19, the down payment for young people under the age of 25 was reduced (from 10%).
The program involves 11 partner banks: state-owned Oschadbank, PrivatBank, Ukrgasbank, Sens Bank, Sky Bank, Credit Dnipro Bank, Globus Bank, Tascombank, Bisbank, and Radabank.
In total, as of May 1, 16,600 families have become homeowners since the launch of the eHouse preferential mortgage program in 2022, with the total amount of loans received amounting to UAH 27.302 billion.
