Business news from Ukraine

Business news from Ukraine

Euroins Ukraine increased its net premiums by 71% and turned profit

In January-September 2025, Euroins Ukraine (Kyiv) collected UAH 635.1 million in net premiums, which is 71.1% more than in the same period of 2024.

According to the company’s interim report posted on the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its gross premiums for this period amounted to UAH 1.043 billion (more than 2.2 times). UAH 201.8 million was transferred to reinsurance (more than 2.4 times).

During the period, the company paid out UAH 204.9 million, which is 16.7% more than during the same period a year ago. At the same time, administrative expenses amounted to UAH 53.037 million, which is 49.2% higher than in January-September 2024.

The financial result from operating activities of IC Euroins Ukraine for nine months amounted to UAH 64.5 million, net profit – UAH 55.8 million, while a year earlier the loss amounted to UAH 10.060 million and UAH 24.439 million, respectively.

Euroins Ukraine is a universal non-life insurer that has been operating in the Ukrainian market since 1992. The company has 75 representative offices throughout the country and is licensed to provide insurance in 16 classes. It is actively involved in the segments of auto insurance, medical insurance, property insurance, liability insurance, and cargo insurance for private and corporate clients.

Euroins Ukraine Insurance Company is a member of the Motor (Transport) Insurance Bureau of Ukraine, the League of Insurance Organizations of Ukraine (LIOU), and the European Business Association (EBA).

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Car dealer Ilt increased its net profit by 23.5%

Ilt, the official dealer of Peugeot, Citroën, DS, and Jeep car brands, earned UAH 31.07 million in net profit in January-September this year, which is 23.5% more than in the same period last year.

According to the company’s financial statements published in the NSSMC’s information disclosure system, its net income decreased by 13.2% to UAH 620.3 million.

As reported, in the first half of this year, the company increased its net profit by 55% compared to the same period in 2024, to UAH 27.3 million, while its net income decreased by 7.9%, to UAH 401 million.

Thus, in the third quarter, Ilt reduced its net profit by half compared to July-September 2024, to UAH 3.8 million, with a 21.4% decrease in revenue, to UAH 219.3 million.

The report notes that the expected income from operating lease agreements is UAH 166.3 million, and from car sales agreements – UAH 14.8 million.

The company identifies the key areas of development for the current year as increasing sales of new cars under a dealership contract with Peugeot Citroen Ukraine LLC, in particular for the DS and Citroen brands, with which it began working in 2020, and the Jeep brand, with which it has been working since 2023.

Ilt LLC began operating in Ukraine in 1992 as the official importer of Peugeot cars, and in June 2010 transferred its importer functions to Peugeot Citroën Ukraine LLC.

It is currently the official dealer in Ukraine for Stellantis car brands – Peugeot, Citroën, DS, Jeep, as well as a service dealer for Opel in Kyiv and the Kyiv region. It has two large car centers in Kyiv – Ilt on Pechersk and Ilt on Kharkivskyi, a service station, a logistics center, and spare parts warehouses.

The company mainly provides operational leasing services for passenger and commercial vehicles, as well as customer vehicle administration, sales of new and used cars, maintenance, and leases office space in its own seven-story office center, Ilt Business Center.

The report notes that in May 2025, the property complex of the subsidiary Kyiv ATP Ukrprodkontrakt was sold, which was reorganized in September by joining Ilt LLC.

As reported, in 2024, Ilt reduced its net profit by 34.8% compared to the previous year, to UAH 23.7 million, and increased its revenue by 33.5%, to UAH 915.5 million.

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Pharmaceutical manufacturer Monfarm increased its net profit eightfold

In January-June 2025, pharmaceutical manufacturer PJSC Monfarm (Cherkasy region) increased its net profit eightfold compared to the same period in 2024, to UAH 7.3 million.

According to the company’s disclosure to the National Securities and Stock Market Commission (NSSMC), net sales revenue for this period increased by 24.5% to UAH 133.89 million.

Monfarm PJSC was established in 1994 through the corporatization and privatization of the Monastyryshchensky Pharmaceutical Plant, a state-owned enterprise organized in 1986 on the basis of a distillery that was part of the Darnitsa Pharmaceutical Association in Kyiv.

Monfarm specializes in the production of suppositories and tableted drugs, with more than 70 names of drugs from various pharmaceutical groups.

The quality of products is confirmed by GMP certificates.

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PrivatBank’s net profit reached UAH 50.6 bln, loan portfolio grew by 27%

According to the results for January-September this year, state-owned PrivatBank received UAH 50.6 billion in net profit, which is 5% or UAH 2.2 billion more than in January-September last year, according to a press release from the bank on Thursday.

“Business results without revaluations, loan risk reserves, and taxes reached UAH 62.6 billion, an increase of 15% (UAH 8.2 billion) compared to the same period in 2024,” the financial institution said.

According to the bank, it ranks first in the market in terms of profitability, generating more than 43.5% of the banking sector’s pre-tax profit. It is noted that this demonstrates the stability of the chosen business model and the growth of operational efficiency despite external challenges.

According to the release, since the beginning of the year, the bank’s net loan portfolio has grown by UAH 30 billion (+27%), reaching UAH 143 billion as of September 30, 2025. According to its data, PrivatBank ranks first in Ukraine in terms of loan portfolio volume, covering almost 15% of the market. At the same time, the market share of loans to individuals is almost 35%.

During the first nine months of 2025, funds in individual customer accounts increased by UAH 59 billion in equivalent terms (+13%), reaching UAH 505 billion, thanks to which PrivatBank, with a market share of 22.9%, is also the leader in terms of deposits from both legal entities and individuals.

“The basis for the bank’s successful financial results is stable and growing net interest (+19%) and commission (+5%) income compared to the first nine months of 2024,” the release says.

The cost-to-income ratio (CIR) is 24.07%, while the average for all banks is 41.77%.

As of October 2025, PrivatBank’s active customer base was 18.1 million individuals, which is 220,000 fewer than at the end of 2024. On the other hand, the number of business clients increased by 20,000 to 930,000 during this period, while the number of users of the Privat24 mobile app decreased by 150,000 to 13.61 million.

According to NBU statistics, as of October 1, 2025, PrivatBank had 1,096 branches, compared to 1,113 on the same date last year.

The bank’s infrastructure includes 7,100 ATMs and 10,300 self-service terminals. As of October 2025, PrivatBank had over 341,000 POS terminals.

According to the NBU, PrivatBank’s total assets reached UAH 1.001 trillion as of September 1, 2025, or 25.6% of the total assets of the Ukrainian banking system.

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Agro2Food Profit Forum 2025: Production. Processing. Profit

October 29, 2025, Kyiv, International Exhibition Center (IEC)

Where is the profit during a crisis? How to scale up agricultural processing, attract investment, implement AI, and overcome the shortage of personnel in the food industry?

Experts, entrepreneurs, and leaders of the Ukrainian food sector will provide answers to these questions during the Agro2Food Profit Forum 2025 — the main event of the year for food producers and processors.

The forum will take place on October 29, 2025, in Kyiv, at the International Exhibition Center, as part of the Agro2Food exhibition of technologies, equipment, and solutions for agro-processing and the food industry.

5 panels. 1 day. Maximum practical benefit.

Panel #1. THE ECONOMICS OF ADDED VALUE IN THE FOOD INDUSTRY. Where is the profit in a crisis?

In partnership with the Interfax-Ukraine news agency.

With the participation of representatives of industry associations, clusters, distributors, and owners of processing businesses, who will share real-life cases of development, scaling, and optimization of production.

Key message: To show how Ukrainian producers are finding new sources of profit even in times of turbulence.

Panel No. 2. THE ECONOMICS OF INVESTMENT AND EUROPEAN INTEGRATION

In partnership with the Reform Support Team (RST) of the Ministry of Economy of Ukraine and ProConsalting. With the participation of a representative of Oschadbank (on agribusiness support programs), the owner of an agricultural processing company (with a scaling case study), and a supplier of processing equipment (on technological innovations).

Key message: How to attract investment during wartime, develop exports, and implement sustainability strategies?

Key topics:

  • The impact of war on the agricultural sector and processing
  • Use of state and international support programs
  • How to develop an effective export strategy
  • Research on business attitudes toward donor programs: results for 2022–2025

Panel No. 3. ECONOMY OF INNOVATION. “Digitalization. AI. Food processing”

In partnership with the Ukrainian Food Manufacturers Association U-Food and the Ukrainian Cluster Alliance.

Key message: Artificial intelligence is already changing the Ukrainian food industry.

Key topics:

  • AI in manufacturing: computer vision, predictive maintenance, energy optimization
  • R&D and sensory analysis: machine learning for creating new products
  • Digital twin and digital product passport — transparency and faster export
  • Implementation models: GIZ grants, SIPPO, AI-as-a-Service subscriptions
  • Cybersecurity, transparency, and trust — the new currency of business.

Panel No. 4. HUMAN RESOURCE ECONOMICS. Labor shortage in the food industry: challenges and solutions.

In partnership with the Job Platform for Food Technologists and Manufacturers and Odessa National Technological University.

With the participation of American University Kyiv.

Key topics:

  • The state of the labor market in industry and agriculture
  • Generation Z and new forms of employment
  • Who really trains personnel for the food industry
  • Gender equality in “non-female” professions in the food industry.

Panel No. 5. THE ECONOMICS OF UNIQUENESS

Main message: Innovative products, intellectual property, and craftsmanship as a profit strategy.

Key topics:

  • How to protect your brand and attract investors through IP
  • Why it is both “difficult and easy” to be a craftsperson
  • Which promotion channels really work in the food business
  • How to keep up with consumer taste trends

Agro2Food Profit Forum 2025 is:

  • Over 100 participants from all regions of Ukraine
  • 30+ speakers
  • 1 day of concentrated knowledge, case studies, and innovations
  • Networking and dialogue between producers, investors, and the state

Agro2Food statistics.

At the exhibition venue, which will reach 4,000 m2, over 120 exhibitors will present all the key achievements in agricultural processing and the food industry.

Organizer:

Premier Expo:

  • the largest exhibition organizer in Ukraine (more than 20 exhibitions per year);
  • organizer of the WorldFood Ukraine international food and beverage exhibition;
  • the only exhibition company in Ukraine that organizes international events to attract investment in the restoration and reconstruction of Ukraine (ReBuild Ukraine exhibitions).

Where and when:

October 29, 2025

International Exhibition Center (IEC), Kyiv

More about the program: https://agro2food.com.ua/program/profit-forum

Media contact:

Olena Zhoga, Conference Manager, Premier Expo

o.zhoga@pe.com.ua

+380 (67) 789 27 09

Agro2Food — Building an economy of added value together.

See you at the main event of the sincere Ukrainian autumn!

Tickets for the exhibition: https://agro2food.com.ua/visitors/registration

Interfax-Ukraine — information partner

Source: https://interfax.com.ua/news/press-release/1112280.html

 

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Novoselivskyi Mining Plant Boosts Profit by 6% in 2024

Private JSC Novoselivskyi Mining and Processing Plant (NGZK, Kharkiv region) increased its net profit by 6.1% in 2024 compared to 2023 — reaching UAH 18.938 million.

According to the company’s annual report filed with the National Securities and Stock Market Commission, net revenue rose by 11.6% to UAH 168.553 million.
Retained earnings at the end of 2024 stood at UAH 86.672 million.

Founded in 2000, the plant specializes in sand, gravel, and clay extraction.
As of Q1 2025, Silica Holding LLC (Ukraine) owns 94.8205% of the company’s shares.
Authorized capital amounts to UAH 21.25 million.

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