Business news from Ukraine

Business news from Ukraine

Forte Life Insurance Company Approves Dividends of 583 UAH per Share

At a meeting in early April 2026, the shareholders of Forte Life Insurance Company (Kyiv) decided to allocate 14 million UAH for dividend payments.

As the company reported in the NSSMC’s disclosure system, the dividend per ordinary registered share will amount to 583.33 UAH. The dividend payment period is from April 21 to May 31, 2026.

According to NSSMC data, Oksana Kuleshina owns 99.8% of the insurer’s shares.

Forte Life Insurance Company (formerly Insurance Union of Life) was registered in 2005 and specializes in providing life insurance services.

According to the NBU, Forte Life collected insurance premiums totaling UAH 83.179 million in 2025 and paid out UAH 18.9 million in claims.

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Galka will allocate UAH 4.9 mln for dividends based on results of 2025

Coffee producer PJSC Galka (Lviv) plans to allocate UAH 4,882,200 from its 2025 profits to dividend payments, the company announced in the agenda of its general meeting in the NSSMC database.

According to the draft decision of the meeting, which is scheduled for March 27, 2026, and will be held remotely, as published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the dividend per ordinary registered share will be UAH 13.95.

The payment is planned to be made within six months from the date of the decision by transferring funds to the shareholders’ bank accounts or through the company’s cash desk.

In addition to the distribution of profits, the shareholders plan to review the reports of the supervisory board and the management board for 2025, as well as approve measures based on the results of the audit report. The agenda also includes the appointment of LLC “Audit Consulting Firm ”Business Partners” as the audit entity to audit the company’s financial statements for 2026-2028.

In addition, the meeting will consider the approval of significant related-party transactions involving the lease of real estate. Specifically, this concerns two lease agreements for production and storage facilities in Lviv at 1 Zapovitna Street, concluded with the joint venture Galka LTD. The market value of the leased properties under these agreements is UAH 3.33 million (14.12% of the value of assets) and UAH 1.75 million (7.4% of the value of assets) excluding VAT.

PrJSC Galka was established in 1994 on the basis of the Lviv coffee factory, which began operations in 1932 as the Lviv Cooperative Factory of Coffee Additives Suspilny Promysl. Since its inception, it has specialized in the production of chicory and malt coffee “Luna” and coffee substitute “Pražin.” In 1971, the company installed equipment from Niro Atomizer for the production of instant coffee, which the Lviv coffee factory began to export. The Ukrainian-English manufacturer Galka currently has a capacity of 120,000 packs of coffee per day.

According to data from Opendatabot, Galka PJSC slightly increased its revenue by 0.3% in 2025 to UAH 5.296 million compared to UAH 5.274 million in 2024. The company’s debt obligations increased by 19.7% to UAH 603,600 (compared to UAH 504,200 a year earlier), while the value of assets decreased by 8.4% to UAH 22.07 million.

The major shareholders are Yaroslav Volynets (8.87%), Lidiya and Andriy Volynets (6.86% each), Yuriy Dubovoy (7.86%), Olga Dubova (7.71%), and Nataliya Dubova (7.14%). Vladimir Pasternak (7.64%), Roman Pasternak (7.14%), Irina Popovich (7.14%), and Holding Galka LLC (19.39%) also hold shares.

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Salyvonkivsky Sugar Plant to conduct additional share issue worth UAH 67 mln

PrJSC Salyvonkivsky Sugar Plant (Kovalivka village, Kyiv region) will conduct an additional share issue worth UAH 67 million between April 13 and May 5, 2026, the company announced in its decision on the issue in the database of the National Securities and Stock Market Commission (NSSMC).

According to the document approved by the minutes of the general meeting on March 5, 2026, the plant will place 268 million ordinary registered shares with a par value of UAH 0.25 at a price of UAH 1.49 per share. The specified placement price (UAH 1.49 per share) was set based on the report of BFC Consulting Company LLC as of January 19, 2026. The ratio of the additional issue amount to the current size of the authorized capital is 629.1%.

The company plans to use all of the funds raised, amounting to UAH 67 million, to replenish working capital, modernize production facilities, improve energy efficiency, and purchase raw materials. Raising capital through an issue has been determined to be the most optimal tool for the stable operation of the plant under current conditions.

The current majority shareholder, PSP “Agrofirma ”Svitanok,” which owns 64.3785% of the plant’s shares as of the date of the decision, has been designated as a participant in the placement without a public offering. Another 10.0059% of the authorized capital belongs to Anatoliy Zasus. The shareholders decided not to exercise their preemptive right to purchase additional shares.

As of December 31, 2025, the sugar factory had 106 full-time employees. The issuer identifies the main risks to its activities as military aggression by the Russian Federation, fluctuations in energy prices (natural gas and electricity), and possible interruptions in energy supply, which pose a threat of spoilage of raw materials during the continuous beet processing cycle.

Salivonkovsky Sugar Factory PJSC was founded in October 1996. It specializes in sugar production, growing grains, legumes, and oilseeds, as well as vegetables and root crops. Additional areas of activity include electricity generation and ready-made animal feed production.

The plant’s sugar beet processing capacity is 6.5–7 thousand tons/day, which allows it to process over 500 thousand tons of raw materials per season. On average, the factory produces 60-85 thousand tons of sugar per season. At the end of the 2024-2025 marketing year, it was among the top 10 most powerful sugar factories in Ukraine.

According to data from Opendatabot, in 2024, Salivonkovsky Sugar Plant PJSC received a net profit of UAH 6.34 million with an income of UAH 537.81 million (a decrease of 47.1% compared to 2023). Debt obligations amounted to UAH 85.74 million, while assets were valued at UAH 1.09 billion. It was predicted that in 2025, the factory would receive income in the amount of UAH 961.67 million, which is 78.8% more than in 2024.

The beneficiary of the enterprise is Andriy Zasukha. Among the shareholders with large stakes are PSP “Agrofirma ”Svitanok” (64.0029%) and Anatoliy Zasukha (10.0059%), who headed the Kyiv Regional State Administration in 1996–2005.

Through the Svitanok agricultural firm, the Zasukha family controls a number of agricultural assets in the Kyiv and Zhytomyr regions.

The authorized capital of Salyvonkivsky Sugar Plant PJSC before the decision on the additional issue is UAH 10.649 million.

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Didur family sold 48.9% stake in Kulikovskoe Moloko PJSC

Arsen Didur, executive director of the Ukrainian Dairy Industry Association (SMU) and deputy of the Chernihiv Regional Council, and his wife Natalya Didur have completely withdrawn from the shareholder structure of Kulikovskoe Moloko PJSC (Chernihiv region), selling their shares to manager Anastasia Churikova.

According to the issuer’s report in the NSSMC information disclosure system, information about the change in ownership of the shares was received on March 3, 2026.

Churikova directly acquired two blocks of shares (400,978 and 182,102 shares), which together amount to 583,080 ordinary registered shares of the company (48.9983%). Prior to this, she did not own any shares in the company.

At the same time, Arsen Didur, who previously owned 15.3027% of the shares (182,102 shares), and Natalia Didur, whose share was 33.6956% (400,978 shares), completely withdrew from the list of shareholders. The agreements for the transfer of the shares were concluded on February 27, 2026.

According to Opendatabot, the new shareholder was previously integrated into the business structures of the majority owner of Kulikovskoe Molochnoe PJSC, Igor Rzhavichev (who owns 51% of the shares). In particular, from June 2024 to May 2025, Churikova headed RZHL LLC (Cherkasy), controlled by Rzhavichev, which specializes in freight transport and wholesale trade in dairy products.

Kulikovskoe Milk PJSC (Kulikovka, Chernihiv region) was founded in February 1999. The company specializes in milk processing, butter and cheese production, and is also engaged in the wholesale trade of more than 30 types of dairy products, eggs, edible oils, and fuel.

According to Opendatabot, in 2025, the company’s net profit decreased by 21.7% compared to 2024, to UAH 1.77 million. The company’s revenue for the past year amounted to UAH 181.35 million, which is 8.21% less than in 2024 (UAH 197.567 million). The company’s assets in 2025 grew by 12.1% to UAH 98.601 million, while liabilities increased by 13.2% to UAH 76.513 million. The authorized capital of the private joint-stock company is UAH 5.95 million.

The number of employees at the company in 2025 decreased to 71 (compared to 95 in 2024), while the average salary increased 2.5 times to UAH 17,160.

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KSG Agro agricultural holding ranked among top three in terms of share growth in 2025

KSG Agro’s shares rose by 60.7% in 2025, allowing the company to enter the top three leaders in terms of market capitalization growth among Ukrainian agricultural companies. This was reported by the holding’s press service, citing data from the investment company Eavex Capital.

According to the report, KSG Agro’s share growth in 2025 significantly exceeded the average market dynamics. The agricultural holdings Kernel and IMC also entered the TOP 3 leaders in this indicator.

The growth in capitalization occurred against the backdrop of an improvement in the company’s operating performance. In particular, in the first half of 2025, the holding’s revenue increased by 20.2%. In the pig farming segment, based on the results of January-September 2025, revenue from the sale of live pigs increased by 48.3%, and operating profit for this period increased by more than 37%.

“The growth in revenue and operating performance in 2025 demonstrates that our vertical integration strategy and pig herd renewal program are working effectively even in extraordinary wartime conditions,” said Sergey Kasyanov, Chairman of the Board of Directors of KSG Agro.

The vertically integrated holding company KSG Agro is engaged in pig farming, as well as the production, storage, processing, and sale of grain and oilseeds. Its land bank in the Dnipropetrovsk and Kherson regions is about 21,000 hectares.

According to KSG Agro, it is one of the top five pork producers in Ukraine. In 2023, the agricultural holding began implementing a “network-centric” strategy, under which it will transition from developing a large location to a number of smaller pig farms located in different regions of the country.

In January-September 2025, KSG Agro received $5.96 million in operating profit and $6.92 million in gross profit, which is 68% and 31% more than in the same period of 2024.

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Investment fund Pluralis B.V. acquired 13% of shares in Ukrainska Pravda

Pluralis B.V., an impact investment fund managed by the American Media Development Investment Fund (MDIF), invested UAH 9.98 million and UAH 9.42 million as part of an increase in the authorized capital of UP Media Plus LLC and UP Media LLC, thereby becoming the owner of 13% of the Ukrainska Pravda (UP) publication.

According to data from YouControl, the contributions of the founder and head of the Dragon Capital investment group, Tomas Fiala, remained unchanged at UAH 66.79 million and UAH 63.01 million, respectively, so his share decreased from 100% to 87%.

Fiala previously noted that after Pluralis entered the capital, representatives of the fund would also join the supervisory body that would be created with them.

“Their investment is through a supplementary issue. This means that it is an injection into the company itself, not a cash-out,” the owner of UP emphasized in an interview with Forbes Business Breakfast with Volodymyr Fedorin.

According to Fiala, UP is valued at “millions of dollars”: it has grown, but not significantly – by several tens of percent – since he bought a 100% stake in May 2021.

He added that he is counting on the help of the Pluralis B.V. fund in attracting additional investments in UP. According to the media owner, it is still too early to talk about the possibility of exiting these investments, perhaps in five to seven years.

Ukrainska Pravda is one of the country’s leading independent media outlets. It was founded in 2000 and writes about politics, society, economics, sports, technology, and international events, focusing primarily on digital platforms. According to the publication, its nationwide audience exceeds 15 million readers.

In May 2021, UP’s founding editor Alona Prytula and Fiala signed an agreement under which 100% of the corporate rights to the publication and all its assets were transferred to Dragon Capital. In 2025, they were re-registered directly to Fiala.

Fiala, a Czech citizen, also owns the NV media holding, which includes the magazine, portal, and radio station of the same name, but UP and NV operate independently of each other. After the purchase of UP, an agreement on editorial independence was signed between the new owner and the publication.

According to YouControl, in the first nine months of 2025, UP Media Plus’s revenue grew by 54.0% to UAH 73.1 million, while its net loss decreased by 20.2% to UAH 24.8 million. The company’s assets at the end of this period amounted to UAH 27.3 million.

UP Media received UAH 0.2 million in revenue for nine months of last year, with a net loss of UAH 4.6 million, which roughly corresponds to the figures for the same period in 2024. Its assets as of September 30, 2025, amounted to UAH 37.6 million.

Pluralis B.V. is a Dutch company headquartered in Amsterdam. The company’s shareholders, investors, and partners include a group of leading European media companies, democracy support funds, and impact investors, including the King Baudouin Foundation, Tinius Trust, Oak Foundation, Mediahuis, Erste Bank, Media Development Investment Fund, and SEDF, as well as other impact investors and family offices.

Dragon Capital is one of Ukraine’s largest investment groups, with nearly 30 years of experience in the country’s investment and financial services sector.

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