Astarta, an agro-industrial holding and Ukraine’s largest sugar producer, increased its product sales by 34.3% in April–June 2026 compared to the same period in 2025, reaching 266,640 metric tons, according to data published by the holding on the Warsaw Stock Exchange.
According to the data, due to lower prices for sugar and milk, revenue growth was more modest—at 16.9%: in total, the company sold 4.58 billion UAH worth of its main products in the second quarter of this year, compared to 3.91 billion UAH in the second quarter of 2025.
In particular, sugar sales increased by 28% in volume terms in the second quarter of this year—to 92,600 metric tons—while the average selling price fell by 14.3%—to 20,770 UAH per metric ton.
Astarta’s sales volumes of wheat and corn during the reporting period amounted to 62.03 thousand metric tons and 3.18 thousand metric tons, respectively, at average prices of 9.90 thousand UAH per metric ton and 27.45 thousand UAH per metric ton, respectively, whereas the company did not sell these products in the second quarter of last year.
Corn sales, on the other hand, fell by 19.1% to 32.39 thousand metric tons, while the price rose by only 3.9% to 10.02 thousand UAH per metric ton.
Sales of soybean oil in the second quarter of 2026 fell by 27.8% compared to the same period in 2025—to 8.48 thousand metric tons—as the price of this product rose by 13.9%—to 52.28 thousand UAH per metric ton. Sales of soybean meal also fell by 15.8%—to 37.11 thousand metric tons—as the price rose by 23.1%—to 18.76 thousand UAH per metric ton.
The agricultural holding’s milk sales in April–June 2026 increased by 2.6% to 30.84 thousand metric tons, but the price of this product fell by 14.8% to 15.79 thousand UAH per metric ton.
Taking these figures into account, Astarta increased its total sales volume of core products for the first half of the year by 32.3% compared to the same period in 2025, reaching 656.28 thousand metric tons. Due to lower prices for sugar and milk, revenue growth was also lower—by 20.2%: in total, the company generated 10.95 billion UAH in revenue from its core products, compared to 9.11 billion UAH in the first half of 2025.
Nova Poshta, Ukraine’s leading express delivery service and part of the Nova Group, increased its revenue by 32% in the first half of 2026 compared to the same period in 2025—reaching 32.5 billion UAH—while growth in the first half of last year stood at 23%.
According to a press release issued by the group on Tuesday, over the first six months of this year, it increased the volume of processed shipments by 11.5% compared to the same period in 2025: the volume of delivered packages and cargo totaled 254.4 million, including 17.9 million international shipments.
“In the first six months of the year, Nova Poshta expanded its network by 5,242 new service points: 1,362 branches were opened and 3,880 new parcel lockers were installed,” the press release states.
Last year, based on the results of the first half of 2025, Nova reported 238 million parcels and shipments delivered, including 5.9 million international ones, the opening of 708 branches, and more than 4,000 parcel lockers.
The company noted that this year its network has expanded throughout Ukraine, including in frontline territories, where 748 new service points were opened.
“Currently (as of July 13, 2026), the Nova Poshta network comprises 54,700 service points: 16,765 branches and 37,935 parcel lockers throughout Ukraine,” the press release states.
According to the release, the company is also continuing to expand its network of self-service branches, where customers can pick up packages without waiting in line or interacting with an operator. Currently, there are four such branches operating in Ukraine: in Kyiv, Irpin, and Vinnytsia.
It is also noted that Nova Post has continued to scale up and expand: during the first half of the year, 239 new service points were opened in Europe, bringing the total number of Nova Post’s own service points abroad to more than 950. Moldova—with 112 new service points—and Poland—with 80—led the way in terms of expansion in the first half of the year. Additionally, five Nova Post partner pickup points opened in New York in June.
Furthermore, the group noted that amid a full-scale war, it continues not only to develop its infrastructure but also to restore it after damage: since the start of the full-scale invasion, the estimated cost of restoring the group’s property damaged by enemy attacks or as a result of hostilities has exceeded 2.1 billion hryvnias. Throughout the entire period of the full-scale war, Nova Poshta has paid 194 million hryvnias in compensation for damaged or destroyed shipments.
It is also noted that despite enemy attacks, Nova continues to invest in development in Ukraine: in the first six months of 2026, capital investments exceeded 1.5 billion UAH, while last year the group reported 1.9 billion UAH in capital investments for the first half of the year. These funds were allocated to network expansion, enhanced security, fleet modernization, energy independence initiatives, and digital solutions that improve the customer experience.
According to the press release, over the first six months of this year, Nova Group companies paid 9.8 billion UAH in taxes and fees to the Ukrainian budget—a 25% increase compared to the first half of 2025—and donated 950 million UAH to charity, with total charitable contributions exceeding 7.5 billion UAH since the start of the full-scale invasion.
The group specified that as part of the “Nova Poshta Humanitarian” program, over 1.1 million humanitarian shipments were delivered in the first six months of this year—that is, 27,400 metric tons of aid, equivalent to 1,370 trucks, and since the start of the full-scale invasion, this figure has exceeded 7 million shipments.
As previously 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 number of parcels and shipments delivered last year increased by 7.4%—from 486 million to 522 million—including international shipments, which rose by 52.6%, from 19 million to 29 million.
Coal Energy S.A. (Luxembourg), having lost all its coal assets in Ukraine due to Russian aggression and shifted its focus to operations in Poland, reported a net loss of $1.46 million for the first nine months of fiscal year 2026 (FY, July 2025 – March 2026), the company reported a net loss of $1.46 million, whereas for the same period of FY 2025, its net profit was $1.6 million.
According to the company’s report to the Warsaw Stock Exchange, where its shares are listed, revenue for this period decreased by 31.8% to $2.06 million, while the operating loss increased by 82.1% to $0.55 million.
Coal Energy specified that from January through March of this year, its net loss amounted to $0.11 million, compared to a net profit of $1.97 million in the same quarter last year; revenue increased by 2.5% to $0.88 million; and the operating loss decreased by 33.3% to $0.05 million.
A week earlier, Coal Energy announced the suspension of a deal with Global Tech Opportunities 31, a fund belonging to the ABO Securities group, which involved the issuance of interest-free convertible bonds worth up to 14.5 million zlotys.
In the first half of 2026F, bonds worth 2.5 million zlotys ($0.67 million at the exchange rate at the time) had already been converted into newly issued shares, and as of mid-year, bonds worth 2 million zlotys remained unconverted.
As previously reported, Coal Energy posted a consolidated net profit of $4.12 million in FY2025, compared to a net loss of $2.12 million in FY2024, primarily due to the sale of four assets to the group. The company’s consolidated revenue grew by 52.4% in FY 2025, reaching 3.76 million.
In September 2025, the board approved the company’s Updated Development Strategy for 2025–2027, which reflects the recently secured financing, current investment projects, and the ongoing war in Ukraine.
“The updated strategy is built on four pillars: 1. coal mining in Poland and Romania, 2. providing mineral extraction services in Poland and Romania, 3. developing the extraction of critical raw materials in Central and
Eastern Europe and Ukraine, and 4. global consulting services for the mineral resources sector,” the previous report stated, whereas the new report does not include a description of these activities.
Coal Energy’s shares have been listed on the Warsaw Stock Exchange since August 8, 2011. Its main line of business was coal mining at two underground mines and operations at coal dumps in the Donetsk region.
Vyshnevetsky currently controls 58.74% through Lycaste Holdings, while Global Tech Opportunities holds 2.34%. A total of 24.42% of the shares are traded on the Warsaw Stock Exchange.
The company’s market capitalization as of June 30 stood at PLN 92.18 million ($24.45 million at the current exchange rate) at a share price of 2.00 zlotys, which had fallen by 1.28% since the start of the trading day following the publication of the financial report.
bond, Coal Energy, LOSS, POLAND, REVENUE
PJSC “Tovkachivsky Mining and Processing Plant” (TGZK, Pershotravneve, Zhytomyr Oblast) reported a net loss of UAH 2.806 million in January-March of this year, compared to a net profit of UAH 4.885 million in 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 to UAH 6.307 million from UAH 18.790 million in the first quarter of 2025.
Retained earnings as of the end of March amounted to UAH 463.231 million.
According to the annual report, the company reported a net profit of UAH 6.336 million in 2025, compared to a profit of UAH 1.260 million in 2024, while revenue from ordinary activities amounted to UAH 80.377 million (UAH 91.104 million in 2024).
The average number of full-time employees on the payroll was 110. Compared to the previous year, the payroll fund for 2025 increased by 1,758,500 UAH and amounted to 24,479,300 UAH. Due to the armed aggression of the Russian Federation, there was an exodus of qualified personnel throughout 2025; from November 2024 through May 2025 inclusive, and from October 2025 onward, the enterprise was idle.
As reported, TGZK earned a profit of 78,175,767 thousand UAH in 2020, 44,223,637 thousand UAH in 2021, and 14,659,029 thousand UAH in 2022. The company ended 2023 with a net loss of UAH 794,133 thousand.
TGZK is a company engaged in the extraction, processing, and enrichment of quartzite. It is the main supplier of raw materials for the production of ferroalloys, refractories, and dinas in Ukraine. TGZK operates the Tovkachivska section of the Ovruch quartzite deposit, located in the town of Pershotravneve, using open-pit mining methods.
According to the National Securities and Stock Market Commission’s data for the first quarter of 2026, Navaro Development Limited owns 5.1898% of the company’s shares, Lucrino Investments Limited – 9%, Mantara Holdings Limited – 72.0629%, and Duxton Holdings Limited (all based in Cyprus) – 12.1891%.
According to the report, the ultimate beneficial owners (controllers) of the company are Ihor Kolomoyskyi and Hennadiy Boholyubov, against whom sanctions have been imposed.
The company’s authorized capital is UAH 1.588 million, and the par value of a share is UAH 2.25.
The unaudited EBITDA of six solar power plants (SPPs) with a total installed capacity of 105 MW in the Lviv region, which Ukraine’s largest mobile operator Kyivstar acquired for 3.6 billion UAH (or $80.8 million), amounted to UAH 596 million in 2025.
According to Kyivstar’s presentation on the acquisition, the revenue of these six SPPs, commissioned between 2017 and 2025, totaled UAH 682 million last year.
The operator noted that this investment, calculated at $0.77 million per 1 MW, aligns with one of its four priorities—capital investment in real assets that mitigate inflationary and/or currency risk.
“Renewable energy is one of the key areas of Kyivstar’s investment portfolio, as it opens up opportunities for the further use of ‘green’ electricity to cover part of the company’s energy needs,” Kyivstar CEO and President Oleksandr Komarov is quoted as saying in the press release.
The three other priorities listed are investments in infrastructure reconstruction and preventive network protection, the development of a digital ecosystem through adjacent acquisitions, and increasing the market share of fixed broadband through targeted acquisitions.
Taking into account the initial purchase last December of the 13-MW “Sunwin 11” solar power plant for $3 million in the Zhytomyr region, Kyivstar’s total “green” generation capacity has grown to 118 MW, which enables the production of electricity equivalent to approximately 30% of the company’s current annual consumption, according to the press release.
“Electricity from the acquired solar power plant group will be fed into Ukraine’s unified power grid in accordance with current market and regulatory rules, which will allow Kyivstar to partially hedge risks associated with fluctuations in electricity prices,” Kyivstar explained.
The mobile operator noted that these “green” projects also enable it to build a long-term energy consumption model, strengthen the country’s energy sector, and align with sustainable development goals.
Kyivstar’s stock price rose by 2.18% on May 26, the day the purchase of six solar power plants was announced, reaching $14.51 per share.
As reported, in March of this year, Kyivstar received approval from the Antimonopoly Committee of Ukraine (AMCU) to purchase six solar power plants in the Lviv region: Energo-Postach-Plus LLC, Lightful, Sunlight Generation, Ternovytsia Solar, Energy Space, and Ternovytsia Solar Plus.
In the first quarter of 2026, Kyivstar increased its EBITDA by 28.5% to UAH 7.5 billion, while revenue grew by 31.3% to UAH 13.9 billion.
In 2025, the Kyivstar Group increased its EBITDA by 30% to UAH 27 billion, with revenue growing by 30.3% to UAH 48.2 billion. In particular, in the fourth quarter of last year, EBITDA increased by 23.1% to UAH 7.2 billion, with revenue growing by 30.1% to UAH 13.5 billion.
British mobile operator Vodafone Group reported a pre-tax profit in fiscal year 2026, compared to a loss a year earlier, with revenue increasing by 8%.
According to the company’s statement, pre-tax profit for the fiscal year ended March 31 was €1.86 billion, compared to a loss of €1.48 billion a year earlier, when it wrote down the value of assets in Germany and Romania by €4.5 billion.
Adjusted earnings before interest, taxes, depreciation, and amortization, including lease payments (EBITDAaL), rose 4% last year to €11.35 billion. Organic growth was 4.5%.
Vodafone’s annual revenue rose to €40.46 billion from €37.45 billion a year earlier.
Organic growth in service revenue—a key performance indicator for Vodafone—was 5.4%, with increases recorded in all regions except Germany (-0.2%). In the rest of Europe and Turkey, service revenue increased by 0.5% on an organic basis, in the UK by 0.3%, and in Africa by 12.9%.
The consensus forecast of analysts, compiled by Vodafone itself, projected annual revenue of €40.42 billion and adjusted EBITDAaL of €11.48 billion.
The company forecasts that in fiscal 2027, adjusted EBITDAaL will be €11.9–12.2 billion, and free cash flow excluding one-time items will be €2.6–2.9 billion.
In total, the company returned €3.1 billion to shareholders in the past fiscal year.
Vodafone shares are down 3.5% during Tuesday’s trading. Since the start of this year, their value has risen by 17.5%.
