Business news from Ukraine

Business news from Ukraine

“Ukrainian Insurance Group” Increased Its Net Profit by 2.5 Times

PJSC “Ukrainian Insurance Group” (Kyiv) collected 1.807 billion UAH in net premiums in January–June 2026, which is 28.1% more than in the same period of 2025, according to the insurer’s interim data published in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

At the same time, gross premiums for the reporting period increased by 0.6% to 1.932 billion UAH. A total of 244.7 million UAH was ceded to reinsurers, which is 26.3% more than in the first half of 2025.

During the reporting period, the company made claims payments totaling 894.1 million UAH, which is 37.6% more than in the first six months of 2025.
Gross profit amounted to 787.2 million UAH (+16%).

Operating profit was 148.4 million UAH, whereas for the same period a year earlier, operating profit was 19.6 million UAH, profit before tax was 265.1 million UAH (2.5 times higher), and net profit was 217.3 million UAH (+2.5 times).
The controlling shareholder of “IC “USG” is the Vienna Insurance Group, an international insurance group headquartered in Austria, represented by 50 companies in 30 countries and a leader in the insurance market of Central and Eastern Europe.

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“NovaPay Credit” Increased Its Half-Year Profit 3.2-Fold

“NovaPay Credit,” a subsidiary of the international financial services company “NovaPay” (TM NovaPay) within the Nova Group, which is the issuer of NovaPay bonds, increased its net profit 3.2-fold in the first half of 2026 compared to the same period in 2025—to 172.01 million UAH, according to its interim condensed financial statements.

According to the report, revenue for the first half of the year increased 2.2 times compared to the same period last year—to 586.42 million UAH.
Gross profit increased 2.9-fold to 265.41 million UAH, while operating profit rose 3.2-fold to 229.17 million UAH.

The report notes that in the second quarter of 2026, the company increased its net profit by 4.9 times compared to the same period in 2025—to 97.50 million UAH—amid a 2.4-fold increase in revenue—to 312.96 million UAH.
Gross profit in the second quarter of 2026 also increased 4.3-fold to 151.35 million UAH, while operating profit rose 4.9-fold to 129.91 million UAH.

According to the report, equity for the first half of this year rose from 516.5 million UAH to 688.5 million UAH, while liabilities increased from 1 billion 371.0 million UAH to 1 billion 690.8 million UAH.
It is noted that the company increased proceeds from bond sales in January–June of this year to 693 million UAH from 355.63 million UAH in the first half of last year, while expenses for their redemption also rose—to 578.80 million UAH from 244.92 million UAH, respectively.

As for proceeds from repo agreements involving bonds—which the company offers as an alternative to bank deposits—they rose in the first half of 2026 to 882.32 million UAH from 705.88 million UAH, while expenses under such agreements rose to 727.59 million UAH from 422.03 million UAH.
Among other things, the report also notes that in July, a decision was made to issue Series “R” bonds on the “Perspektiva” Stock Exchange (PJSC) with a par value of 200 million UAH; The bonds were issued in the traditional denomination of 1,000 UAH each, with a maturity date of September 3, 2029.

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“Ukrenergomashiny” Increased Its Half-Year Profit Nearly 13-Fold

JSC “Ukrenergomashiny” (Kharkiv) ended the January–June 2026 period with a net profit of 6.46 million UAH, while for the same period in 2025, this figure stood at 0.5 million UAH.

According to the company’s financial report, published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), net sales revenue increased by 35.5% to 635.1 million UAH.
The plant generated 0.1 million UAH in operating profit (compared to 13.8 million UAH last year), and gross profit increased by 68.7% to 237.4 million UAH.

Retained earnings as of the end of the first half of the year amounted to 2.669 billion UAH.
As previously reported, in the first quarter of this year, “Ukrenergomashiny” reported a net profit of 0.74 million UAH (compared to 0.25 million UAH for the same period in 2025), driven by a 27.4% increase in net revenue to 287.1 million UAH.

According to the report, total exports in January–June amounted to 13.8 million UAH (4.5% of sales volume).

The main foreign customers were the “Eurasian Energy Corporation” (Kazakhstan) and “Tajik SGEM” (Tajikistan), while the main Ukrainian customers were “NAEK Energoatom” and “Ukrhydroenergo”; SNVO “Impuls”; “Ukrzaliznytsia,” “Mykolaiv Diesel Locomotive Repair Plant,” “Kryukiv Railway Car Building Works,” “DTRZ,” “TATRA-YUG,” “ArcelorMittal Kryvyi Rih,” and “NVK ‘ISKRA.’”

The company identifies its main competitors as the foreign firms Andritz (Austria), Voith (Germany), General Electric (U.S.), and Bharat Heavy Electric Ltd. (India).

“Ukrenergomashiny” notes that the total planned capital investment for 2026 amounts to 60 million UAH, and the actual disbursement of funds for the second quarter was 2.54 million UAH, including 0.53 million UAH for the purchase of new equipment and 0.7 million UAH for installation work and equipment modernization. Funding will be provided from the company’s own resources.

JSC “Ukrenergomashiny,” more than 75.22% of whose shares are owned by the state, is Ukraine’s sole manufacturer of turbine equipment for hydroelectric, thermal, and nuclear power plants. It also manufactures electric motors for rail and urban transit.
The average number of full-time employees as of July 1 of this year was 2,687.

In 2025, the company increased its net revenue by nearly 33% compared to 2024—to 1.06 billion UAH—and its net profit by a factor of 3.5, to 3.07 million UAH.

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Novoselivsky Mining and Processing Plant Reports 7.8% Decline in First-Half Profit

PJSC “Novoselivsky Mining and Processing Plant” (NGZK, Kharkiv Oblast) saw its net profit decline by 7.8% in January–June of this year compared to the same period last year—to 12.480 million UAH from 13.536 million UAH.

According to the company’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period rose by 7.4%—to 112.440 million UAH.

Retained earnings as of the end of June 2026 amounted to 116.772 million UAH.

As previously reported, NGZK posted a net loss of 4.441 million UAH in January–March of this year, whereas in the same period last year it reported a net profit of 3.677 million UAH; revenue from ordinary operations for that period was 36.067 million UAH (47.396 million UAH).

According to the annual report, NGZK increased its net profit to 20.170 million UAH in 2025 from 18.938 million UAH in 2024. At the same time, revenue from ordinary operations for this period increased compared to 2024, rising to 190.631 million UAH from 168.553 million UAH.

In 2024, NGZK increased its net profit by 6.1% compared to 2023—to 18.938 million UAH, while net revenue rose by 11.6% to 168.553 million UAH.

The Novoselivsky Mining and Processing Plant was established in 2000. It is engaged in the extraction of sand, gravel, and clay.

According to data from the National Securities and Stock Market Commission for the first quarter of 2026, Silica Holding LLC (Ukraine) owns 94.8205% of the public joint-stock company.

The authorized capital is 21.25 million UAH.

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“Poltava Poultry Farm” Increased Its Half-Year Profit by 82.9%

In January–June 2026, PJSC “Poltava Poultry Farm” increased its net profit by 82.9% compared to the same period in 2025, reaching 19.07 million UAH.

According to the company’s disclosure in the National Securities and Stock Market Commission (NSSMC) disclosure system, its net revenue from product sales rose by 20.9% to 545.9 million UAH.
According to the financial statements, the company’s gross profit for the first half of the year increased by 12.9% to 190.2 million UAH, while operating profit rose by 82.9% to 23.3 million UAH.

As of June 30, 2026, the assets of Poltava Poultry Farm PJSC totaled 1.079 billion UAH, compared to 1.068 billion UAH at the beginning of the year. Equity rose to UAH 1.035 billion from UAH 1.016 billion, while current liabilities decreased to UAH 44.5 million from UAH 51.7 million.

In its interim management report, the company noted that during the reporting period it maintained a stable level of production, fulfilled its obligations to partners, and no significant adverse events that could affect its financial or operational stability were recorded. Among the main risks, the company cites the continuation of the war, logistical difficulties, inflationary pressure, exchange rate fluctuations, and rising energy prices.

Poltava Poultry Farm PJSC was registered in August 1998. Its primary activity is poultry farming. The company is also engaged in the production of poultry meat and meat products, as well as the cultivation of grain and oilseed crops. Its production facilities are located in the village of Stasi, Poltava Oblast. According to the Unified State Register, the company’s ultimate beneficial owners are Ruslan Urdzik, Bohdan Yesipov, Volodymyr Troyan, Serhiy Semenyachenko, Andriy Milovanov, and Mykhailo Zhikharev.

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ArcelorMittal increases Q2 EBITDA by 23% to $2.06 bln

ArcelorMittal, the world’s second-largest steel producer, increased EBITDA by 23% in the second quarter of 2026 compared with the first quarter, to $2.06 billion, the company said in a statement. The figure rose by 11% compared with the same period last year.

Net profit amounted to $683 million, which was 18% higher than in the previous quarter but 62% below the profit recorded in the second quarter of 2025.

Revenue increased by almost 8% quarter-on-quarter and by 5% year-on-year in the second quarter, to $16.8 billion. The main reason for the improvement was a 4.4% increase in the average steel price.

ArcelorMittal’s capital expenditure amounted to $1.1 billion in April-June. Net debt increased to $9.5 billion at the end of June, compared with $9.3 billion as of March 31.

In the second quarter, the company increased steel production by 7.5% compared with the previous three months, to 14.3 million tonnes, versus 14.4 million tonnes a year earlier. Steel shipments amounted to 13.4 million tonnes in the quarter, compared with 12.8 million tonnes in the previous quarter and 13.8 million tonnes a year earlier. Iron ore production amounted to 13.5 million tonnes during the quarter, compared with 9.7 million tonnes in the first quarter and 11.8 million tonnes a year earlier.

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