Business news from Ukraine

Business news from Ukraine

PrivatBank’s Net Profit Falls by 24.3%

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).

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Nikopol Plant of Technological Equipment Increased Its Profit to 25.1 Mln UAH

PJSC “Nikopol Plant of Technological Equipment” (NZTO, Dnipropetrovsk region) increased its net profit by 56.3% in 2025 compared to 2024—to UAH 25.068 million from UAH 16.037 million.

According to the company’s annual report, net revenue for the past year reached UAH 1.081439 billion, compared to UAH 589.268 million in 2024.

Retained earnings as of the end of 2025 amounted to UAH 91.761 million.

As reported in NZTO’s 2024 annual report, the average headcount of full-time employees was 198. Net profit for 2024 amounted to UAH 16.037 million, for 2023 – UAH 24.558 million, and net revenue – UAH 589.268 million (UAH 415.235 million).

The shareholders intend to transform NZTO from a private joint-stock company into a limited liability company.

Private Joint-Stock Company “NZTO” was established on the basis of the tooling complex of the Pivdentrub Plant in November 2001. The company combines metal forming (forging), foundry production, machining, and heat treatment.

PJSC “Nikopol Plant of Technological Equipment” is engaged in the production of tools and metal structures, as well as the processing of metal waste and scrap.

According to the National Securities and Stock Market Commission (NSSMC) data for the fourth quarter of 2025, LLC “VKP ‘YUVIS’ (Dnipropetrovsk region) owns 24.9840% of PJSC ”NZTO,” Wolbert Company Limited (Cyprus) owns 24.99%, PrJSC “Centravis Production Ukraine” and LLC “Interpipe Nico-Tube” each hold 25.01% of the shares.

The PrJSC’s authorized capital is 16,605,400 UAH, and the par value of one share is 1 UAH.

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Nova Poshta’s net profit rose to 1.28 bln hryvnia in January–March

Nova Poshta, part of the NOVA Group and the leader in express delivery in Ukraine, increased its revenue from ordinary activities for January-March 2026 by 26.9% compared to the same period in 2025, reaching UAH 14.98 billion.

According to Nova Poshta’s published report, its net profit increased 4.4-fold to UAH 1.28 billion.

Gross profit rose by 20.7% to UAH 2.71 billion, while operating profit decreased by 10.3% to UAH 0.79 billion.

The report notes that in January–March 2026, net cash flows from investing activities generated a profit of UAH 1.68 billion, compared to a loss of UAH 0.48 billion in the previous year.

In February 2026, the company sold a 99.24% stake in its subsidiary Novobox LLC for UAH 1.46 billion. According to YouControl data, the new owner is the Cypriot company NP Holdings Limited, whose beneficiaries, like those of Nova Poshta, are Volodymyr Poperechnyuk and Vyacheslav Klimov. After the sale, the company was renamed “Nova Box.”

Nova Poshta’s equity grew over the year from 11.7 billion UAH to 13.4 billion UAH.

It is noted that in the first quarter of 2026, the company opened 2,600 new parcel lockers, 36 branches, and 329 parcel pickup and drop-off points.

By the end of 2026, the company plans to expand its network of parcel lockers by 6,000 units and open 300 mini-branches across the country.

As reported, in 2025, Nova Poshta increased its revenue by 21.6% compared to 2024—to 54.2 billion UAH, while net profit rose by 4.4%—to 2.6 billion UAH.

The company’s gross profit in 2025 increased by 15.7% compared to 2024—to 11.4 billion UAH, while operating profit also rose in 2025 by 25.8%—to 5.2 billion UAH.

The number of parcels and shipments delivered last year grew by 7.4%—from 486 million to 522 million—including international shipments, which rose by 52.6%, from 19 million to 29 million.

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Kyiv Vitamin Plant Increased Net Profit 2.1-Fold in 2025

The pharmaceutical company PJSC “Kyiv Vitamin Plant” (KVP) increased its net profit 2.1-fold in 2025 compared to 2024, reaching UAH 328.461 million.

As reported by the company in the disclosure system of the National Securities and Stock Market Commission (NSSMC), net revenue from product sales for 2025 increased by 3.13%—to nearly UAH 5.099 billion.

As previously reported, the company planned to increase sales volumes by 17.5% by the end of 2025.

In 2024, KVZ increased its net profit by 8.74% compared to 2023—to UAH 156.84 million; revenue from product sales last year rose by 14.71%—to UAH 4.944 billion.

KVZ is among the top ten largest pharmaceutical companies in Ukraine. The company’s product portfolio includes over 100 medicinal products and 20 dietary supplements.

According to the Opendatabot system, the ultimate beneficiary of KVZ is Canadian citizen Maxim Martin.

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“Tekhmash” Nearly Doubled Its Net Profit for 2025

JSC “Tekhmash Manufacturing Enterprise” (Dnipro) ended 2025 with a net profit of UAH 5.22 million, which is 1.9 times higher than the corresponding figure for 2024.

According to the company’s financial report published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), its net revenue for the year decreased by 3.5% to UAH 215 million. Total exports amounted to UAH 24.1 million, notably to Poland and France.
Profit from the company’s operating activities increased by 49.5% to UAH 6.2 million, while gross profit rose by 18.2% to UAH 31 million.

Additionally, it was reported that the general meeting of shareholders on April 16 of this year decided to allocate a portion of retained earnings totaling UAH 5 million toward the payment of dividends for 2025 at a rate of UAH 16,667 per share (with a par value of UAH 8). Dividends will be paid by October 16, 2025.
As previously reported, in 2024 (as in 2023), “Tekhmash” also allocated UAH 5 million from retained earnings for dividends.

According to the report, retained earnings amounted to nearly UAH 67 million as of the beginning of 2026.
The company lists its largest customers as the Nizhnedniprovsky Pipe Rolling Plant—20% of supply volume, “Fastiv Organic Biotechnologies”—13%, “Biopharma Plasma”—10%, with the remaining 57% accounted for by customers with shares of less than 6%.

“Since the main consumers of the company’s works and services are enterprises in the metallurgical industry, its operations depend to a significant extent on the state of the metallurgical sector. “Challenges specific to this line of business include intense competition, rising material costs, and high prices for spare parts and energy resources,” the report states.

The main specialization of Techmash is the installation of process equipment and pipelines, as well as the manufacture of conveyors (scraper, belt, and screw), storage equipment, metal structures, and exhaust air ducts.

As of the fourth quarter of 2024, according to the NSSMC, 61% of the authorized capital of JSC “Techmash” belongs to its director, Oleksandr Kolomoets, while four other individuals collectively own 28% of the shares. The company’s authorized capital is UAH 2.4 million.
As of early 2026, the company employed 193 people.

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“TerA” shareholders to allocate 46.6 mln UAH in profits toward development

Shareholders of the confectionery factory PJSC “TerA” (Ternopil) plan to allocate UAH 46.615 million in net profit for 2025 toward production development at the annual remote general meeting on April 29, the company reported in the NSSMC’s information disclosure system.

According to the draft resolution, the meeting agenda also includes a motion to terminate the powers of the current members of the supervisory board and elect new members. Shareholders are being asked to approve a monthly remuneration of UAH 250,000 for the board chair and UAH 60,000 for each board member.

In addition, shareholders plan to grant preliminary consent for the company to enter into significant transactions during the year, including contracts for the sale and purchase of property, leasing, rental, loan agreements, and pledges totaling up to UAH 100 million, and to appoint Galychyna-Audit LLC as the auditing entity for the mandatory audit of financial statements.

According to Opendatabot, the company’s net profit for 2025 decreased by 16.1% to UAH 46.62 million, while revenue increased by 38.5% to UAH 514.74 million. The company’s assets increased by 40.1% to UAH 231.91 million, and liabilities by 64.8% to UAH 56.61 million.

PJSC “TerA” was founded in 1991 and specializes in the production of crackers, cookies, cakes, and other long-shelf-life confectionery products. Its production facilities are located in Ternopil. According to the registry, the majority shareholder and

PJSC “TerA” (Ternopil Confectionery Factory) was founded in 1991 and manufactures over 200 varieties of crackers, cookies, cakes, and other long-shelf-life confectionery products, which it sells under the “TerA” trademark. The company operates a full production cycle at its facilities in Ternopil and has branches in Kyiv and Western Ukraine. It is developing its own retail chain of “TerA” stores and exports products to the EU. The ultimate beneficiary of the company is Lyudmila Nikolaychuk (74.8%).

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