Business news from Ukraine

Business news from Ukraine

Cherkasy Bus saw its net profit drop by 32% to 83 mln hryvnias

According to preliminary data, Cherkasy Bus JSC ended 2025 with a net profit of UAH 82.98 million, which is 32% less than the corresponding figure for 2024, as indicated in the agenda for the company’s annual general meeting of shareholders summarizing last year’s results.

According to the draft resolution of the meeting scheduled for April 24, published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), shareholders intend to retain 95% of the profit earned, or UAH 78.83 million, at the company’s disposal, and allocate 5% (UAH 4.15 million) to the reserve fund.

As previously reported, based on the results of operations in 2024, the shareholders of “Cherkasy Bus” also allocated nearly all of the net profit to development. Meanwhile, the planned profit for 2025 amounted to UAH 102.8 million.

At the meeting, it is planned, in particular, to approve a projected profit target for 2025 of UAH 143.83 million.

Shareholders also plan to re-elect the chair and members of the supervisory board, as well as appoint TOA “Advo-Audit” as the auditor of the company’s financial statements for 2026.

According to data from the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2025, Oleksandr Dorosh, head of the “Isuzu-Ataman Ukraine” business, owns nearly 42.29% of the shares of JSC “Cherkasy Bus,” Anna Suprun owns nearly 13.65%, and three other individuals, including long-time board chairman Vitaliy Raabe, each hold 7.9275%.

The company’s authorized capital is UAH 162.97 million.

Founded in 1994, the “Cherkasy Bus” plant manufactures Ataman small-class buses (including school buses) as well as other wheeled vehicles based on Japanese Isuzu components, specifically Isuzu trucks, using a semi-knockdown assembly method.

The plant did not disclose the number of buses and trucks produced and sold in 2025, but in 2024, according to its data, it reduced bus production by nearly 15% compared to the previous year, to 425 units, and truck production by 15%, to 321 units; bus sales decreased by 15.7% to 425 units, while truck sales increased by 8% to 319 units.

At the same time, the plant plans to manufacture 385 buses, 300 trucks with a payload capacity of 3 to 18 tons, and 302 Isuzu pickups for the National Police, the State Emergency Service, the State Border Guard Service, and other companies in 2025.

In addition, construction of a small-series production facility was scheduled to begin in the third quarter of 2025.

According to data from YouControl, in 2025 the company reduced its net sales revenue by 2.2% compared to 2024—to 1.733 billion UAH. Retained earnings as of early 2026 amounted to 346.2 million UAH.

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Vasylkivska Poultry Farm to Retain 2025 Profits

The shareholders of PJSC “Vasylkivska Poultry Farm” (Zelenyi Bir village, Kyiv region) intend to retain 2025 profits as undistributed at a remote general meeting on April 1, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the draft resolutions, there are no plans to accrue or pay dividends based on the results of operations in 2025. The agenda also includes the approval of the results of financial and economic activities and the report of the company’s supervisory board for the past year.

In addition, shareholders plan to amend the company’s charter and internal regulations regarding the supervisory board and the general meeting by revising them. The company’s director will be authorized to sign the revised charter and take steps for its state registration.

According to data from the OpenDataBot service, in 2025, PJSC “Vasylkivska Poultry Farm” increased its revenue by 12%—to UAH 428.24 million—and net profit rose by 52.5%—to UAH 18.45 million. The company’s assets at the end of the year amounted to UAH 315.6 million, compared to UAH 294.2 million in 2024, while debt obligations decreased by 8% to UAH 142.4 million.

As reported, in March 2026, the company launched a private placement of an additional issue of 5.5 million shares with a par value of UAH 1.00 to increase its authorized capital from UAH 2.7 million to UAH 8.2 million. The funds raised, amounting to UAH 5.5 million, are planned to be used for the purchase of equipment, feed, and capacity expansion.

PJSC “Vasylkivska Poultry Farm” was founded in 2004 and is based in the Vasylkivsky district of the Kyiv region. The company specializes in the industrial production of poultry products, the breeding of domestic poultry, and the sale of related goods. The company’s production capacity allows it to simultaneously house approximately 600,000–700,000 birds (laying hens). The poultry farm produces over 150–180 million eggs annually, which it sells under its own “Dobre Yaitse” brand and as private label products for the “Silpo,” “Fora,” and “ATB” retail chains.

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“Radsad” will retain net income of UAH 14.43 mln for 2025

Shareholders of JSC “Radsad” (Mykolaiv region), a subsidiary of the “Bayadera” holding company, intend to retain net profit for 2025 in the amount of UAH 14.43 million as undistributed at the remote general meeting on April 21, 2026, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the draft resolutions, there are no plans to accrue or pay dividends based on the results of operations in 2025. Shareholders also intend to approve the company’s annual report, deem the work of the supervisory board satisfactory, and appoint ADVO-AUDIT LLC as the auditor to review the financial statements for 2026.

The agenda includes the early termination of the powers of the current members of the supervisory board, whose terms expire in August 2026, and the election of its new members. Specifically, this concerns representatives of Bayadera Holding LLC—Oleksiy Bezuglov, Galina Miroshnychenko, and Vitaliy Ryaboshapka—as well as shareholders Vitaliy Babinin and Vira Kozlivska. The terms of the agreements with the board members stipulate that they perform their duties on a pro bono basis.

In addition, the meeting plans to authorize CEO Yevhen Korniyenko to carry out state registration of changes to the company’s information in the Unified State Register.

According to data from the Opendatabot service, JSC “Radsad” (Mykolaiv Oblast, Mykolaiv Raion, Radisny Sad settlement) was founded in 2000. The company’s net profit for 2025 increased by 27.9% compared to 2024—to UAH 14.43 million. The company’s revenue for the reporting period decreased by 6.5%—to UAH 135.5 million, while assets increased by 7.5%—to UAH 270.54 million. The number of employees at the end of the year was 230.

JSC “Radsad” is one of the largest viticulture and winemaking enterprises in Ukraine, located in the village of Radisny Sad in the Mykolaiv region. It specializes in grape growing and the production of wine materials and serves as the raw material base for the brands of the Bayadera holding (in particular, the Koblevo trademark).

The company maintains 760 hectares of vineyards, where over 20 varieties are grown (including Aligoté, Cabernet Sauvignon, and Odessa Black), as well as 1,447 hectares of cropland for winter wheat, rapeseed, and sunflowers. The production capacity of its own winery allows for the processing of up to 8,600 tons of grapes per year, and its storage facilities are designed to simultaneously hold 895,500 deciliters of wine materials.

The company’s main shareholders are Bayadera Holding LLC (56.59%), Vitaliy Babinin (21.33%), and Vira Kozlivska (20.91%). The ultimate beneficial owner is Svyatoslav Nechitailo.

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Agroliga reported net profit of €1.82 mln in 2025 after posting loss in 2024

The Agroliga Group (Kharkiv region) reported a net profit of €1.82 million in 2025, whereas it ended 2024 with a net loss of €0.89 million, according to the group’s annual report filed with the Warsaw Stock Exchange on Friday.

According to the report, Agroliga saw its revenue decline by 23.8% last year to EUR42.21 million and its gross profit decrease by 13.8% to EUR4.75 million, but its EBITDA rose by 87.9% to EUR6.47 million.

The company’s investments last year fell by 44.4% to EUR 2.84 million, the report states.

According to the report, at the end of last year, Agroliga’s free cash flow stood at EUR0.4 million, compared to EUR2.69 million a year earlier, due to high balances and a negative cash flow from operating activities (EUR7.06 million), which was offset by increased borrowing.

The document notes that the group’s current development and financial results are not considered satisfactory because it operates in an unstable environment linked to the war and other crises in Ukraine and around the world.

It is also noted that, taking into account the increase in foreign exchange losses, Agroliga’s total loss for 2025 amounted to EUR1.43 million, compared to EUR2.38 million a year earlier.

The Board of Directors does not recommend paying dividends, as the group is operating at a loss due to the war in Ukraine, the report states.

According to the report, Agroliga’s largest revenue streams last year came from the sale of sunflower oil—EUR27.47 million (EUR38.01 million a year earlier)—and granulated meal—EUR9.37 million (EUR12.56 million). Energy sales fell to EUR 1.25 million (EUR 2.98 million), but revenue from processing and agricultural services rose to EUR 3.87 million (EUR 1.25 million).

Geographically, sales in Ukraine amounted to EUR14.29 million (EUR20.18 million a year earlier), in Poland – EUR7.61 million (EUR18.82 million), and in Switzerland – EUR15.46 million (EUR8.00 million a year earlier).

It is also reported that in December of last year, the group sold LLC “Trading House ”Liga Trade“ (Kharkiv). According to data in the YouControl system, its new owner is Ablaz Akimov from Kyrgyzstan, who renamed it ”AKIMAB.”

“Agroliga” cultivates approximately 8,000 hectares of land, and the sunflower oil production plant has a capacity of 35,000 tons per year. The implementation of the ‘green’ project allows the group to produce and sell electricity at a “green” tariff.

As of the end of 2025, the company’s largest shareholders, as in the previous year, were board members Alexander Berdnik and Irina Poplavskaya, each holding a 41.667% stake, while another 5.04% belonged to Novian Polska S.A.

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“Promarmatura” Increased Net Profit by 36.5% in 2025

In 2025, Promarmatura PJSC (Dnipro) increased its net profit by 36.5% compared to the previous year—from UAH 3.274 million to UAH 4.468 million.

According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) regarding the remote general meeting of shareholders to be held on April 20, the agenda includes seven items.

The meeting is scheduled to review the CEO’s report on the results of operations for 2025 and make a decision based on the review of this document.

The meeting will also hear the auditor’s conclusions and approve measures based on the review of this report. In addition, shareholders will approve the results of financial and economic activities for the past year and the distribution of profits.

The draft resolutions, copies of which are available to the Interfax-Ukraine agency, propose not to distribute the net profit earned from financial and economic activities in 2025.

” “The net profit earned by the company in 2025, amounting to UAH 4,468,000, shall not be distributed, but shall remain at the company’s disposal and be allocated in full to the fulfillment of its statutory objectives. Annual dividends based on the company’s performance for 2025 shall not be accrued or paid,” the draft resolutions state.

As reported, based on its 2024 results, Promarmatura PJSC saw its net profit decrease by a factor of 3.48 compared to the previous year—to UAH 3.274 million, while net revenue for this period decreased by 11.8%—to UAH 188.732 million. The company’s retained earnings as of the end of 2024 amounted to UAH 128.660 million.

In 2023, the plant reported a net profit of UAH 11.407 million, compared to a net loss of UAH 29.995 million in 2022.

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

According to the National Securities and Stock Market Commission (NSSMC) data for the fourth quarter of 2025, 50% of the shares of the private joint-stock company are owned by two individuals—Ukrainian citizens Igor Mezebovsky and Alexander Chelyadin.

The company’s authorized capital is UAH 7.218 million.

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Novovolynsk Foundry to Hold Shareholders’ Meeting on April 24

According to Fixygen, PJSC “Novovolynsk Foundry” (Volyn Oblast) reported a net profit for 2025, the amount of which has not yet been disclosed.

According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) regarding the holding of a remote general shareholders’ meeting on April 24, the agenda includes 11 items.

Specifically, the meeting plans to review the reports of the management board, supervisory board, and auditor for 2025 and adopt the corresponding resolutions. The meeting also plans to approve the results of financial and operational activities for 2025 and distribute profits.

In addition, plans include adopting a resolution to change the composition of the supervisory board, electing additional members, approving the chairman of the management board appointed by a resolution of the supervisory board dated May 19, 2025, and granting preliminary consent for significant transactions.

The draft resolutions, copies of which are available to the Interfax-Ukraine agency, propose that the net profit earned by the pharmaceutical company in 2025 be allocated to the modernization and renewal of fixed assets, the development of the enterprise, and the replenishment of working capital. Shareholders will also determine the main areas of activity and approve the work plan for 2026.

In addition, it is proposed to adopt a resolution on changing the composition of the supervisory board: to establish a membership of five people and to elect two shareholders—Natalia Chernyavskaya and Artem Prokopyuk—as members of the supervisory board for a term ending April 24, 2028.

As reported, NLZ increased its net profit by 36.7% in 2024 compared to 2023—to UAH 240.363 million from UAH 175.856 million. Retained earnings at the end of the year amounted to UAH 575.365 million.

The plant specializes in the production of high-quality steel and cast iron castings for the machine-building industry.

According to the National Securities and Stock Market Commission’s data for the fourth quarter of 2025, LLC “Dnister-M” (Lviv Oblast) owns 86.6392% of the shares of PJSC “Novovolynsk Foundry.”

The company’s authorized capital is 1,568,060 UAH, and the par value of a share is 0.25 UAH.

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