The Astarta agricultural holding reported a net profit of EUR19.94 million in 2025, which is 4.2 times less than in 2024, according to the company’s annual report on its website.
According to the report, Astarta’s consolidated revenue for the past period decreased by 23% to EUR472 million due to lower oilseed yields, reduced sales volumes of agricultural crops and sugar, combined with lower prices for certain products.
It is noted that export sales of EUR294 million accounted for 62% of consolidated revenue in 2025, while the agricultural segment generated 32% of consolidated revenue, or EUR149 million, which is 28% less than in 2024.
Sugar sales fell by 36% over the past year—to EUR147 million—and accounted for 31% of total revenue. At the same time, the share of soybean processing rose to 24% of Astarta’s revenue, or EUR112 million, thanks to a 6% increase in sales.
Sales in the livestock segment also grew by 6% year-over-year—to EUR56 million, accounting for 12% of total revenue in 2025.
According to the report, Astarta’s gross profit decreased by 42% to EUR137 million due to a EUR46 million decline in the fair value of biological assets and agricultural products, reflecting lower global prices, while EBITDA profit fell by 37% to EUR100 million, while the EBITDA margin decreased by 5 percentage points to 21%.
Astarta noted that its operating cash flow in 2025 decreased 4.5-fold to EUR36 million amid a 16% increase in inventories to EUR186 million, while cash flow from investing activities rose 91% to EUR100 million. Key investments included a strategic upgrade of the agricultural machinery fleet, a soybean processing plant (EUR42 million, with plans to launch in the second half of this year), a new multi-component seed crusher project, and the renovation of dairy farms.
Astarta’s net financial debt in 2025 (excluding lease obligations) stood at EUR94 million as of the end of last year, compared to a positive cash position of EUR21 million in 2024, while net debt doubled year-over-year last year to EUR226 million.
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine and is the largest sugar producer in Ukraine. It comprises six sugar refineries, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobine (Poltava region), seven grain elevators, and a biogas complex.
Astarta’s net profit for January–September 2025 fell by 42.2% to EUR43.70 million, while consolidated revenue decreased by 22.4% to EUR342.78 million.
JSC “Lekhim” (Kyiv) saw its net profit decline by 65.5% in 2025 compared to 2024, down to 24.424 million UAH.
According to the company’s disclosure in the NSSMC’s information disclosure system, net sales revenue in 2025 increased by 22.2% to UAH 2.191 billion.
JSC “Lekhim” is the holding company of the ‘Lekhim’ group, which includes PJSC “Technolog” (Kyiv region), JSC “Lekhim-Kharkiv,” LLC “Lekhim-Obukhiv” (Kyiv region), UAB “LEKHIM-VILNIUS” (Lithuania), and IP “LEKHIM” (Uzbekistan).
It ranks among the top 10 largest pharmaceutical manufacturers in Ukraine.
The state-owned joint-stock company “Ukragroleasing” (Kyiv), which is in the process of large-scale privatization, reported a net profit of UAH 2.11 million for 2025, compared to UAH 1.99 million in 2024, according to the National Securities and Stock Market Commission (NSSMC).
According to the issuer’s annual report, the financial plan for net profit was fulfilled at 107.3%. Net revenue from sales of products (goods, works, services) for the reporting period decreased by 12.9% compared to 2024—to UAH 185.61 million. Net profit per common share for the year amounted to UAH 0.18, compared to UAH 0.17 a year earlier.
The report notes that the company’s operations in 2025 took place amid challenging conditions in the financial services market, driven by macroeconomic instability, inflationary pressures, and the effects of martial law. Ukragroleasing’s financial results were affected by limited opportunities to increase revenue from interest and commissions amid fluctuations in bank rates. Martial law conditions also led to a deterioration in the financial condition of enterprises and a decline in their purchasing power.
The company is implementing a set of measures to strengthen financial stability. In particular, in agreement with the Ministry of Economy, Environment, and Agriculture and the State Property Fund of Ukraine, revenue from property rentals was increased: in 2025, it grew 2.3 times compared to the planned figures—to UAH 8.08 million against a plan of UAH 3.51 million.
The value of Ukragroleasing’s assets as of the end of 2025 increased by 3.1%—to UAH 444.26 million compared to UAH 430.7 million at the beginning of the year. The company’s non-current assets increased by 4.5% over the year, from UAH 223.04 million to UAH 233.02 million, while current assets rose by 1.3%, from UAH 207.66 million to UAH 210.36 million. The company’s equity as of December 31, 2025, increased by 0.1% to UAH 409.52 million, compared to UAH 408.96 million a year earlier, with registered capital remaining unchanged at UAH 1.17 billion.
The company’s current liabilities increased by 46.8% during 2025—from UAH 21.74 million to UAH 31.92 million—and long-term liabilities of UAH 2.82 million appeared, which were absent a year earlier.
The report notes that “Ukragroleasing” continues to operate without drawing funds from the state budget. In 2024, the company joined the government program “Affordable Financial Leasing 5-7-9,” under which it transferred equipment worth UAH 73.83 million to farmers in 2025.
As reported, the State Property Fund of Ukraine (SPFU), which acts as the sole general meeting of NAK “Ukragroleasing,” required the company to allocate 80% of its profit to dividend payments based on the results of its financial and operational activities in 2024. The total amount of annual dividends for 2024 was approved at UAH 1.59 million.
“Ukragroleasing” was founded in 1999. It provides financial leasing of agricultural machinery and equipment at 7% per annum for a term of five to seven years. The NJSC comprises maintenance enterprises, logistics and supply units, and machine and technical stations.
The sole owner of the company is the state, represented by the State Property Fund of Ukraine (SPFU). The company has 25 separate branches. By Order of the SPFU No. 775 dated June 8, 2018, a decision was made to privatize 100% of the company’s shares.
The state-owned specialized enterprise “Forests of Ukraine” increased its pre-tax profit 3.7-fold in January-March 2026 compared to the same period in 2023—to 3 billion UAH, the company reported on Facebook.
According to the published data, the company’s net revenue for this period grew by 87% to UAH 8.6 billion. Timber harvesting volumes increased by 50% to nearly 3 million cubic meters. The pre-tax profit margin rose from 17.5% to 34.9%.
“Our results are not a coincidence or a matter of favorable market conditions. This is the result of systematic, comprehensive work,” the statement emphasizes.
The company attributes the growth in performance to the implementation of an open system for the sale of forest products, transparent procurement through Prozorro, and the discontinuation of non-core activities, particularly wood processing. Additionally, the company optimized its workforce: the number of employees decreased over three years from 30,000 to 21,000.
According to the state-owned enterprise, the average salary of forestry workers in the first quarter of 2026 rose to 38,000 UAH, compared to 15,000 UAH in the first quarter of 2023. At the same time, administrative expenses as a percentage of the payroll fund decreased from over one-third to 17%.
The amount of taxes paid to budgets at all levels during the reporting period increased by 166% and amounted to 4 billion UAH.
Ltava Plant JSC (Poltava), a manufacturer of electrical connectors and switching equipment, ended the first quarter of 2026 with a net profit of UAH 41.64 million, which is slightly higher than the corresponding figure for January–March 2025.
According to the company’s interim financial report in the financial reporting system, its net revenue decreased by 27% to UAH 122.45 million.
The plant also published its 2025 financial report in the NSSMC disclosure system, according to which net profit decreased by 8.8% compared to 2024—to UAH 156.2 million—while net revenue increased by 32.2%—to UAH 627 million.
Over the past year, the plant increased its operating profit by 71.2% to UAH 136 million, while gross profit rose by 51.6% to UAH 332.8 million.
The Ltava plant is a specialized enterprise engaged in the development and manufacture of electrical connectors, switching devices, contact devices, and sockets for microelectronics.
According to data from the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2025, Ivan and Lesya Rybalko hold nearly 44.57% and 19% of the company’s shares, respectively, while Supervisory Board Chairman Serhiy Zmiyevets holds 36.43%.
State-owned PrivatBank (Kyiv) reported a net profit of 12.8 billion hryvnias for January–March 2026, which is 24.3%, or 4.1 billion hryvnias, less than in the same period of 2025, the bank announced on its website.
It is noted that the bank’s pre-tax profit for the first quarter of 2026 amounted to UAH 25.9 billion, which is 17%, or UAH 3.8 billion, more than a year earlier.
In the first quarter of this year, PrivatBank paid UAH 44.1 billion in taxes, of which UAH 42.1 billion was income tax for the fourth quarter of 2025.
Customer deposits as of the end of the first quarter of 2026 increased by 19%, or UAH 111.6 billion, compared to the same period last year—to UAH 724.4 billion.
The bank’s net loan portfolio grew by 44%, or UAH 52.2 billion, year-over-year, and by 8.8%, or UAH 13.7 billion, compared to the beginning of 2026—reaching UAH 170 billion.
The number of active Privat24 users increased by 2% over the year—to 13.7 million—and the number of active business clients by 4%, to 952,000, while the number of active individual clients stood at 18 million.
According to the bank’s data, in the first quarter of 2026, the bank allocated UAH 130.26 million to charity.
The bank’s infrastructure includes 7,400 ATMs and nearly 9,900 TCOs, while the number of POS terminals as of April 1, 2026, exceeded 345,000.
PrivatBank is Ukraine’s largest state-owned bank. According to the National Bank, the financial institution’s total assets as of March 1, 2026, amounted to 963.77 billion UAH (23.0% of the total).
