Business news from Ukraine

Business news from Ukraine

“Indar” Saw Its Net Profit Drop by 23.6% in 2025

Indar, a private joint-stock company specializing in insulin production (Kyiv), saw its net profit drop by 23.6% in 2025 compared to 2024—to 12.388 million UAH.

According to the company’s disclosure in the National Securities and Stock Market Commission’s information disclosure system, revenue from sales in 2025 amounted to 562.024 million UAH, which is nearly 12% less than the previous year.
According to data from the OpenDataBot system, Indar’s revenue for the first quarter of 2026 was nearly 165 million UAH, with net profit of 4.844 million UAH.

Indar PJSC specializes in biotechnological drugs and is the only company in Ukraine with a full-cycle insulin production process: from the extraction of the active ingredient to the finished dosage form.
Indar’s core business is the production of insulin preparations, as well as medications for the blood coagulation system and metabolic therapy.

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“Ukrposhta” Turned Profit in First Half of 2026

The national postal operator, JSC “Ukrposhta,” reported a pre-tax profit of 122 million UAH in the first half of 2026, compared to a pre-tax loss of 318.8 million UAH during the same period last year and a pre-tax loss of 204.8 million UAH in the first quarter of this year.

“Operating profit (EBITDA)—which excludes the sale of assets, depreciation, and exchange rate fluctuations—amounted to 293 million UAH, nearly six times the target,” wrote the company’s CEO, Ihor Smilianskyi, on Facebook.

In the first half of 2025, EBITDA was negative at 100 million UAH, whereas in the first quarter of this year it turned positive at 25.4 million UAH.

“And we achieved this result despite the injuries and deaths of our employees, the loss of hundreds of new vehicles, damage to and loss of sorting centers, and daily attacks on our branches,” the company’s CEO emphasized.

According to him, the company’s capital as of mid-year exceeded 2.3 billion UAH, compared to 2.2 billion UAH at the beginning of the year.

It is noted that year-over-year growth in the number of packages in June 2026 ranged from 12% to 17%.

“Year-over-year growth in the number of packages in June 2026 ranged from 12% to 17%, depending on the segment, which indicates growing customer confidence,” the CEO emphasized.

Among other achievements, he highlighted a 98% on-time delivery rate, a ranking among the top three global postal operators in terms of international delivery quality, and a market share of over 50% in Ukraine’s highly competitive international shipping market.

“We launched ‘Ukrposhta.Apteka’ nationwide and, for the first time in Ukraine’s history, made it possible to pay by bank card in 100% of populated areas,” Smiliansky added.

The rest of the performance metrics for the first half of the year are not yet available.

The day before, Smiliansky announced the expansion of the network of express parcel lockers. Specifically, the service has been launched in the Lviv and Ivano-Frankivsk regions. Installation has also begun in the frontline regions of Kharkiv, Sumy, and Poltava. Previously, such postal kiosks had already been opened in Odesa, Vinnytsia, Khmelnytskyi, Mykolaiv, Kyiv (122 branches), Dnipro, Zaporizhzhia, and Kropyvnytskyi.

As reported, in January–March 2026, the company posted a net loss of 204.8 million UAH, which is 1.1 million UAH, or 0.5%, more than in the same period of 2025, while its revenue grew by 1.1% to 13 billion 118.42 billion UAH.

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“Stalkanat” Plans to Allocate 121 Mln UAH for Dividends

Shareholders of PrJSC “Production Association Stalkanat” (Odesa) intend to allocate 121 million 23,673 thousand UAH for dividend payments, at a rate of 0.58 UAH per share from last year’s profits.

According to the company’s filing with the National Securities and Stock Market Commission (NSSMC), the shareholders’ meeting is scheduled for July 30 of this year.

The agenda includes two items: a decision on the payment of dividends and amendments to civil law contracts concluded with members of the supervisory board.

According to the draft resolutions reviewed by the agency “Interfax-Ukraine,” the plan is, in particular, to pay dividends from a portion of the net profit for 2025 in the amount of 121,023,673.48 UAH This amounts to 0.58 UAH per share, to be paid directly to shareholders. The deadline for dividend payments is January 30, 2027.

As previously reported, at a meeting on March 12 of this year, Stalkanat’s shareholders intended to allocate 89,724,447 thousand UAH for dividend payments, calculated at 0.43 UAH per share from last year’s profit.

In 2025, Stalkanat reported a net profit of 590.809 million UAH, compared to 184.808 million UAH in 2024. Meanwhile, revenue from ordinary operations for the past year increased by 20.2% to 5 billion 334.152 million UAH.

In 2024, the company saw its net profit decline by 34% compared to the previous year—to 184.808 million UAH from 280.060 million UAH. At the same time, it increased its net revenue by 33.3%, to 4 billion 436.786 million UAH.

The average number of employees in 2024 was 1,056 thousand people, and the average income per employee was 34,632 thousand UAH.

In 2023, Stalkanat saw its net profit decline by 13.8% compared to 2022—to 280.060 million UAH from 325.073 million UAH—but increased its net revenue by 3.1%, to 3 billion 328.170 million UAH.

“Stalkanat” is one of the largest manufacturers of steel ropes and rebar strands in Eastern Europe and the leading producer of metal products in Ukraine.

According to the State Registration Service data for the first quarter of 2026, David Nemirovsky holds 50% of the shares, Anton Mykhalenko (non-resident) holds 24.9%, and Maria Kondratyuk also holds 24.9%.

The authorized capital of Stalkanat PJSC is 35.472 million UAH, and the par value of each share is 0.17 UAH.

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H&M Maintained Operating Profit at SEK 5.9 Bln in Second Fiscal Quarter

Swedish retailer H&M Hennes & Mauritz AB maintained its operating profit in the second quarter of fiscal year 2026 at nearly the same level as last year, despite a decline in sales in Swedish kronor, an improvement in gross margin, and a reduction in inventory.

According to the company’s report, H&M’s net sales for March–May totaled SEK54.828 billion, compared to SEK56.714 billion for the same period last year. In local currencies, sales were nearly at last year’s level, while in Swedish kronor, the figure was negatively impacted by the krona’s appreciation.

Gross profit in the second quarter was SEK31.045 billion, compared to SEK31.425 billion a year earlier, and the gross margin rose to 56.6% from 55.4%. The company attributed the margin improvement primarily to efforts to improve supply chain efficiency.

Operating profit, excluding one-time expenses, rose by 11% to SEK6.592 billion, and the corresponding operating margin increased to 12% from 10.4%. At the same time, operating profit including expenses amounted to SEK5.913 billion compared to SEK5.914 billion a year earlier, with an operating margin of 10.8% compared to 10.4%.

One-time restructuring costs for the quarter totaled SEK679 million and were related to organizational changes in the company’s sales markets and central commercial structures.

H&M’s net profit in the second quarter was SEK3.963 billion, compared to SEK3.962 billion a year earlier, with earnings per share of SEK2.49, compared to SEK2.48.

For the first half of fiscal year 2026, the group’s net sales declined to SEK104.435 billion from SEK112.047 billion; in local currencies, the decline was 1%. Operating profit for the first half of the year rose to SEK7.425 billion from SEK7.117 billion, while the operating margin increased to 7.1% from 6.4%. Net profit rose to SEK4.667 billion from SEK4.541 billion.

Cash flow from operating activities rose 24% in the second quarter to SEK10.591 billion and 15% for the first half of the year to SEK14.616 billion.

Inventory as of the end of May decreased by 10% to SEK34.942 billion from SEK38.817 billion a year earlier. In currency-adjusted terms, inventory decreased by 2%. The inventory-to-sales ratio for the past 12 months fell to 15.8% from 16.6%.

“Our long-term efforts have strengthened profitability and give us good opportunities to create even more value for our customers,” said H&M CEO Daniel Erver.

According to him, sales for the quarter were slightly below target, but profitability and the inventory situation developed positively. The company continues to streamline its organization, bring decision-making closer to the customer, and will begin upgrading its digital infrastructure in the second half of the year.

As of May 31, 2026, the H&M Group had 4,038 stores, compared to 4,166 a year earlier. In the first half of the year, the company opened 41 stores and closed 104. Online sales account for more than 30%.

In 2026, H&M plans to open about 90 new stores and close about 170. The company continues its expansion in Latin America: its first store in Rio de Janeiro opened in April; in the second half of 2026, H&M plans to enter the Paraguayan market, and in 2027, the Argentine market through a franchise.

H&M Group’s sales in local currencies in June 2026 are expected to be on par with the same month last year.

H&M Group is one of the world’s largest fashion retailers. The group includes the brands H&M, COS, Weekday, & Other Stories, ARKET, H&M HOME, and Sellpy.

The full version of the report is available at this link.

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“Slavuta Brewery” to Begin Dividend Payments on July 15

PJSC “Slavuta Brewery” (Slavuta, Khmelnytskyi Oblast) will begin paying dividends for the 2025 fiscal year on July 15.

As the company reported on Tuesday via the disclosure system of the National Securities and Stock Market Commission (NSSMC), the supervisory board adopted the relevant resolution on June 30, also setting July 15 as the record date for shareholders.

Dividends will be paid directly to shareholders by November 4, 2026.

As previously reported, the annual general meeting of shareholders on April 23 approved the allocation of 1.75 million UAH from the 2025 net profit for dividend payments. The dividend amount is 2 UAH per ordinary registered share, representing an annual yield of 117.6%.

According to data from the Opendatabot service, at the end of 2025, PrJSC “Slavutsk Brewery” reported UAH 16.97 million in net profit, which is 27.1% higher than the 2024 figure. At the same time, the company’s net revenue increased by 28.2% to 120.07 million UAH.

The number of employees at the plant rose from 95 to 105 over the course of the year. The company’s authorized capital currently stands at 1.49 million UAH.

PJSC “Slavuta Brewery” (Slavuta, Khmelnytskyi Oblast) was founded on January 31, 2008. The company specializes in the production of beer and malt, and also manufactures plastic containers.

According to the company’s website, the plant has its own malt house and three production workshops: the brewhouse, the fermentation and lagar workshop, and the bottling workshop. Its production capacity allows it to produce more than 10 varieties of unpasteurized beer, which are sold under the brand names “Slavutskoye,” “Prince Sangushko,” “Princess Sangushko,” and “Zhigulivskoye.” The company operates its own retail chain of draft beer stores, as well as a network of distributors in the western and central regions of Ukraine.

The main shareholders of the private joint-stock company are Tetiana Kmytiuk (17.89%), Stanislav Pavlovskyi (14.65%), Larysa Lavreniuk-Ulyanich (6.72%), and “Greenesis Plus” LLC (5.7%).

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“Promarmatura” Will Allocate 4.1 Mln UAH for Dividend Payments

PrJSC “Promarmatura” (Dnipro) has allocated 4 million 65.383 thousand UAH of its retained earnings for dividend payments.

According to the company’s filing with the National Securities and Stock Market Commission’s disclosure system, this decision was adopted at an extraordinary general meeting of shareholders held remotely on June 19.

“The retained earnings earned by the company as of the end of 2025, amounting to 127.280 million UAH, shall be distributed as follows: a portion of the retained earnings in the amount of 4 million 65.383 thousand UAH shall be allocated for payment to the company’s shareholders in the form of dividends; the remaining portion of retained earnings shall not be distributed but shall remain at the company’s disposal for the fulfillment of its statutory purposes. The company’s reserve capital shall not be replenished, as it has been fully formed,” the meeting’s resolutions state.

At the same time, the total dividend per common share was approved at 24.50 UAH.

Dividend payment schedule: the company will pay dividends in installments on a monthly basis throughout the dividend payment period.

As previously reported, according to the annual report of PrJSC “Promarmatura,” the company posted a net profit of 4.198 млн UAH for 2025, compared to a loss of 2.304 млн UAH in 2024. Net revenue for this period rose to 250.448 million UAH from 188.732 million UAH. The company’s retained earnings as of the end of 2025 amounted to 127.280 million UAH. In 2023, the plant reported a net profit of 11.407 million UAH, compared to a net loss of 29.995 million UAH in 2022.

Promarmatura was founded in December 1994 and operates in the pipeline valve market.

According to data from the National Securities and Stock Market Commission (NSSMC) for the first quarter of 2026, two individuals—Ukrainian citizens Igor Mezebovsky and Oleksandr Chelyadin—each own 50% of the shares in the private joint-stock company.

The company’s authorized capital is 7.218 million UAH.

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