Business news from Ukraine

Business news from Ukraine

KZVV’s net profit fell by factor of 6.7 in first quarter

JSC “Kramatorsk Heavy Machine-Tool Plant” (KZVV, Perechin, Zakarpattia Oblast), nearly 97.7% of whose shares are owned by former People’s Deputy (2016–2023) Maksym Yefimov, ended January-March of this year with a net profit of UAH 106 million, which is 6.7 times less than the corresponding figure for January-March of last year.

According to the company’s financial statements in the disclosure system of the National Securities and Stock Market Commission (NSSMC), its net revenue, however, increased by 47.7%—to nearly 16 billion UAH.

KZVV reported UAH 202.5 million in gross profit (4.3 times less), while operating profit fell by 9.5 times to UAH 85.2 million.
Retained earnings as of March 31, 2026, amounted to UAH 1.87 billion (UAH 2.12 billion at the beginning of the year).

Compared to the beginning of 2026, the plant reduced its current liabilities by 15.5% to 33.9 billion UAH, while long-term liabilities, having decreased slightly, amounted to 122.1 million UAH.
The main specialization of KZVV, which was relocated from Kramatorsk to Perechin in the summer of 2022, is universal special-purpose machine tools designed for the energy, metallurgical, oil and gas industries, machine building, and rail transport, as well as machine tools for single-unit and small-batch production. The plant also manufactures special-purpose products.

In particular, the company “Friendly Wind Technologies” produces wind power equipment at the plant’s facilities, and in August 2023, the “Friendly Wind Technologies” industrial park was registered in Perechyn.
As reported, in 2025, KZVV increased its net profit by 2.3 times compared to 2024—to UAH 1.41 billion—as net revenue grew by more than 2.6 times—to UAH 50.4 billion.

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Every fifth Ukrainian company operated at loss in 2025

Almost 8 out of 10 Ukrainian companies ended 2025 with a profit, according to financial reporting data. Out of 222,000 businesses, every fifth company turned out to be loss-making. The largest share of profitable companies was among medium-sized businesses, while small businesses proved to be the most profitable: half of such companies earned more than UAH 5 in profit from every UAH 100 of revenue. Ukrhydroenergo, Ukrnafta and Energoatom received the largest net profit last year.

78% of Ukrainian companies included in the analysis of financial statements for 2025 ended the year with a profit: 173,510 enterprises. Another 21%, or 45,752 businesses, recorded losses, while 1% ended the year practically at break-even: 3,005 companies.

We are monitoring companies’ financial statements in Opendatabot.

How did we calculate this? In total, 429,800 companies submitted financial statements. For the analysis, 222,300 companies were selected that did not have non-profit status, had revenue above 0, provided data on net profit and had one of the following legal forms: limited liability company, private enterprise, farm, joint-stock company or subsidiary. Large businesses included companies with revenue from UAH 1 billion, the medium segment included companies with revenue from UAH 100 million to UAH 1 billion, and all companies with revenue below UAH 100 million were grouped as small businesses.

Medium-sized businesses turned out to be the most profitable: 89% of companies. These are enterprises with revenue from UAH 100 million to UAH 1 billion. Large businesses lagged only slightly: among companies with revenue above UAH 1 billion, 86% made a profit. In the small business segment, where annual revenue does not exceed UAH 100 million, the share of profitable enterprises was 77%.

At the same time, if sales profitability is assessed, small businesses have the best indicators: half of such companies have profitability above 5%. By contrast, half of large profitable enterprises operate with profitability below 2.6%. For half of medium-sized companies, this figure does not exceed 3.85%.

Top 10 most profitable companies in Ukraine

Ukrhydroenergo declared the largest net profit in 2025 – UAH 20.91 billion. The top three also included Ukrnafta with UAH 16.05 billion and Energoatom with UAH 11.85 billion in profit.

The top ten companies with the largest net profit also included Gas TSO of Ukraine, Centrenergo, Roshen, UMZ, SCM Finance, Ukrfinzhytlo and D. Trading.

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Metinvest Shipping reported net profit of UAH 32.9 mln in first quarter

Metinvest Shipping, the logistics division of the Metinvest Group, reported a net profit of UAH 32.945 million in January–March of this year, compared to a net loss of UAH 32.944 million during the same period last year.

According to the company’s interim report, which is available to the agency “Interfax-Ukraine”, revenue from ordinary activities for this period decreased by 5.1% to UAH 492.388 million.

Retained earnings as of the end of March amounted to UAH 1.525363 billion.

In 2025, the company reported a net profit of UAH 165.097 million, whereas in the previous year there was a net loss of UAH 67.393 million, while revenue from ordinary activities for the past year decreased by 8.1%—to UAH 2,290.835 million from UAH 2,492.714 million.

The number of employees at the end of 2025 was 263, and at the end of 2024—261.

The LLC ended 2024 with a loss of UAH 67.393 million, while in 2023 it amounted to UAH 729.472 million.

Metinvest Shipping LLC has been part of the Metinvest Group since 2006. The company has branches in Mariupol (operations temporarily suspended) and Odesa. The company’s activities cover the full range of freight transportation services: organization of road and rail transport, customs clearance, freight forwarding, ship agency services, and chartering of the maritime fleet.

Metinvest Holding LLC owns a 100% stake in Metinvest Shipping LLC.

The LLC’s authorized capital is UAH 25.012 million.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European countries. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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Metinvest-Resource increased its net profit by 20.3% in first quarter

Metinvest-Resource LLC (Zaporizhzhia) increased its net profit by 20.3% in January–March of this year compared to the same period last year—to UAH 7.044 million from UAH 5.857 million.

According to the company’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period rose by 11.1%—to UAH 1.188955 billion from UAH 1.338114 billion.

The accumulated loss as of the end of March stood at UAH 32.398 million.

In 2025, the LLC reported a net profit of UAH 62.679 million, while revenue from ordinary activities for this period increased by 42.4% compared to 2024—to UAH 5.673455 billion from UAH 3.982851 billion.

Sales volume of finished products in 2025 and 2024 amounted to 108,165 thousand tons and 113,321 thousand tons, respectively.

The number of employees as of the end of 2025 was 35, and as of the end of 2024, it was 34. Labor costs for full-time employees in 2024 amounted to UAH 19.595 million, and in 2025, to UAH 22.7899 million.

In 2024, the LLC reported a net profit of UAH 6.085 million, whereas it ended 2023 with a loss of UAH 43.270 million, and in 2022, the net loss was UAH 129.227 million.

Metinvest-Resource LLC is the exclusive supplier of ferrous metal scrap to the Ukrainian metallurgical enterprises of the Metinvest Group. The company’s main activities include the wholesale trade of waste and scrap (primary) and the processing of scrap metal. As of the end of 2025, the company’s registered address is in Zaporizhzhia. The company’s capacity allows it to meet the needs of enterprises and amounts to approximately 0.693 million tons of raw materials per year.

The LLC’s authorized capital is UAH 6.437 million.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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“Unisteel” reported net profit of 33 mln UAH in first quarter

The Unisteel LLC plant (Unisteel, Kryvyi Rih, Dnipropetrovsk Oblast), which manufactures galvanized cold-rolled flat steel and is part of the Metinvest Group, reported a net profit of UAH 32.997 million in January-March of this year, compared to a net loss of UAH 90.003 million for the same period last year.

According to the company’s interim report, which is available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period decreased by 14.6% to UAH 771.729 million.

The accumulated loss as of the end of March amounted to UAH 1.020596 billion.

In 2025, the company reported a net loss of UAH 13.251 million, while revenue from ordinary activities for this period decreased by 10.6% compared to 2024—to UAH 3.259437 billion from UAH 3.648463 billion. Sales volume of finished products in 2025 and 2024 amounted to 108,165 thousand tons and 113,321 thousand tons, respectively.

The number of employees as of the end of 2025 was 99, and as of the end of 2024, it was 144. In 2025, the payroll fund amounted to UAH 38,445,496 thousand.

The LLC ended 2024 with a loss of 363.768 million UAH, while in 2023 this figure was 255.057 million UAH.

The main products manufactured by the plant are galvanized flat-rolled products with a thickness ranging from 0.40 mm to 2.50 mm, a width ranging from 600 to 1,250 mm, and a coating weight (Zn) of 60–275 g/m². The company’s products are supplied to both the Ukrainian and European markets. Poland and Romania are the main export markets for the company’s products.

The Unistil plant for the production of cold-rolled galvanized flat steel with a capacity of over 100,000 tons per year was built between 2007 and 2010. It is equipped with machinery from Dongbu Machinery Co., Ltd. (South Korea).

The authorized capital of Unistil LLC is UAH 6.01 million.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its facilities are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European countries. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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Metinvest Digital reported net profit of 4.5 mln hryvnia in first quarter

Metinvest Digital LLC, the IT expertise center of Ukraine’s largest mining and metallurgical holding, Metinvest, reported a net profit of UAH 4.505 million in January–March of this year, compared to a net loss of UAH 13 million during the same period last year.

According to the company’s interim report, which is available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period increased by 13.2% to UAH 197.735 million.

Retained earnings as of the end of March amounted to UAH 64.058 million.

In 2025, the LLC reduced its net profit by 5.3 times compared to the previous year—to UAH 6.494 million from UAH 34.142 million, while revenue from ordinary activities for this period increased by 0.8%—to UAH 807.236 million from UAH 801.016 million.

The LLC ended 2023 with a net loss of UAH 9.525 million.

The number of employees as of the end of 2025 was 700, and as of the end of 2024, it was 764.

Metinvest Digital is a Ukrainian IT company specializing in the digital transformation of large businesses and implementing projects in Ukraine, Europe, and North America. The company develops, implements, and supports comprehensive IT solutions for building technological infrastructure, developing information systems, strategic outsourcing, data migration, system integration, cybersecurity, and information security. Metinvest Digital is the IT business partner of the Metinvest Group, serving over 30 of the holding’s enterprises worldwide. The company is a certified partner of Microsoft (Gold Certified Partner) and SAP (Silver Partner).

Metinvest Holding LLC owns a 100% stake in Metinvest Digital LLC.

The LLC’s authorized capital is UAH 78.740 million.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European countries. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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