Ukrzaliznytsia JSC (UZ) paid the coupon payment on its 2026 Eurobonds due on July 9 in full and on time, said Oleksandr Pertsovsky, Chairman of the Board of the company.
On the sidelines of the panel discussion “No Security – No Recovery” organized by the Pinchuk Foundation and YES on the sidelines of URC2025, he emphasized that the company was fulfilling its obligations despite the deterioration in liquidity.
The day before, UZ announced that it would pay coupons due on July 9 and 15 on its Eurobonds maturing in 2026 and 2028, respectively, although in Q1 2025, EBITDA reached negative territory due to a drop in cargo volumes (-17% year-on-year compared to Q1 2024) and a rapid increase in operating expenses.
“Since the beginning of the year, available cash has decreased significantly, increasing the need for financing from international financial institutions to cover critical capital investments and liquidity needs during the ongoing war,” the press service said.
“Without such support from strategic partners, the company would likely not have been able to fulfill its financial obligations to Eurobond holders,” the press release said.
In addition, it was noted that Ukrzaliznytsia has engaged a financial advisor and is seeking a solution to its Eurobonds through negotiations with the Eurobond holders in order to achieve appropriate debt relief and mitigate liquidity challenges in the coming years.
In January 2025, Ukrzaliznytsia capitalized the postponed coupon payments on the 8.25% Eurobonds 2026 in the amount of $108.28 million and the 7.875% Eurobonds 2028 in the amount of $51.9 million as a result of the restructuring in 2022.
The Liski branch of Ukrzaliznytsia has announced a tender on the zakupivli.pro platform for the purchase of 20-foot containers in the amount of 1020 units of Open Top and 500 units of Pallet type. Pallet, according to the procurement platform.
According to the trading platform, the estimated purchase price is more than UAH 469 million excluding VAT.
The auction will be held on June 27.
The Open Top container type has an open roof covered with an awning. They are used to transport bulky or heavy goods that cannot be easily loaded or unloaded using standard methods.
Pallet Wide containers are designed for sea transportation. They make it possible to transport pallets.
The subsidiary of Ukrzaliznytsia, TsTS Liski, has announced a tender for the purchase of 1,520 20-foot containers, including 1,020 Open Top containers and 500 Pallet Wide containers, according to a statement on Prozorro.
The open tender will be held according to the Dutch auction principle (price reduction – IF-U), with a starting price of UAH 469,088,082 (excluding VAT). The minimum price reduction step is 0.5% or UAH 2,345,440.
The auction is scheduled for June 27. The deadline for delivery of the containers is December 31, 2025.
According to the technical specifications, the Open Top container is designed for transporting a wide range of bulk cargo, hot pellets, and metal products. The container must have a steel all-welded frame.
The Pallet Wide container is designed for the transportation of a wide range of bulk cargoes that are explosion-proof, granular, and non-caking by rail, water, and road transport in domestic and international traffic. It must transport a wide range of piece goods on Euro pallets in width (two rows).
Ukrzaliznytsia (UZ) will revise prices for a number of goods sold on long-distance trains for the first time since 2018. The changes will take effect on June 18, 2025, the company said.
“In particular, the price of a cup of classic tea will increase from 10 UAH to 20 UAH, which, according to market price analysis, will still remain significantly below the average market price. However, this increase will allow the railway to at least cover the operating costs associated with the sale of these products,” the company said in a statement on its Facebook page on Tuesday.
As emphasized by Ukrzaliznytsia, this will be the first price increase since 2018, while the cost of raw materials, energy, logistics, and the inflation index (consumer prices) have shown steady growth throughout the period.
It is emphasized that the price revision will be up to 20 UAH and will affect carbonated and non-carbonated water, instant coffee and 3-in-1 coffee drinks, while boiling water will remain free of charge. Prices for all beverages on Intercity+ high-speed trains, as well as for hot meals as part of a pilot project on long-distance trains, remain unchanged.
“Important: Ukrzaliznytsia continues to keep ticket prices for the social segment of passenger transportation unchanged since the beginning of the full-scale invasion,” the company emphasized.
In comments to the post, passengers suggested automatically including the cost of drinks to maintain demand. In response to the suggestion, Ukrzaliznytsia noted that both bed linen and drinks are optional extras, and the company does not plan to force passengers to purchase goods. The company believes that: “passengers should have the choice to refuse or add services.”
In addition, one of the flights is testing the possibility of paying for additional services by card and hopes to quickly expand this option to other routes.
Ukrzaliznytsia reminded that three types of classic tea, three types of signature tea, capsule and drip coffee, as well as an updated range of snacks are currently available on trains. Passengers on international trains are offered a dessert menu, children’s carriages have a special children’s menu from restaurateur Yevgen Klopotenko, and four long-distance trains are testing full lunches: deruny, pilaf, potatoes with chicken, and syrniki.
Ukrzaliznytsia plans to change average transportation speeds for grain cars starting June 16, according to Valery Tkachov, deputy director of the commercial department at Ukrzaliznytsia (UZ) Valery Tkachov during an online meeting with participants in the agricultural market.
He noted that for grain cars of the Center for Transport Logistics branch of JSC Ukrzaliznytsia on domestic and import transportation, the speed for car dispatch will be 111 km/day, for route trains — 258 km/day; for export transportation via land crossings — 144 km/day and 217 km/day, respectively; for export transportation to port stations — 189 km/day and 323 km/day, respectively.
Tkachov added that these transport speeds will be taken into account exclusively when calculating the cost of using Ukrzaliznytsia JSC wagons.
PJSC Kryukiv Railway Car Building Works (KVZ, Kremenchuk, Poltava region) will supply Ukrzaliznytsia with 95 sleeping compartment cars, including 88 compartment sleeping cars with a conductor’s compartment (KUP) and seven sleeping cars equipped for transporting persons in wheelchairs and with a train conductor’s compartment (KUPI).
According to information in Prozorro, the relevant contract was signed by the parties on June 6 following a tender for a total amount of UAH 4 billion 475 million 367 thousand without VAT (0.003% less than the expected price).
According to the contract, the price of one KUP car is UAH 46.895 million (excluding VAT) and UAH 56.27 million including VAT, and the price of one KUPI car is UAH 49.800 million (UAH 59.76 million).
The total price of the contract with VAT is 5 billion 370 million 440.4 thousand UAH. The terms provide for an advance payment of 58% within 14 working days from the date of receipt of the application from Ukrzaliznytsia.
According to the publication “Nashi Hroshi,” the new price of compartment cars in dollar terms is the highest in recent years, but it acknowledges that the increase in the currency price is to some extent related to changes in the cars themselves.
The delivery date for the cars is no later than December 31, 2028.
As reported, following the results of a tender in the fall of 2023, Ukrzaliznytsia signed a contract with KVBZ for the manufacture of 44 passenger cars (including 9 second-class cars) for UAH 1.951 billion (including VAT) with delivery by December 31, 2025.
In December of the same year, Ukrzaliznytsia signed a contract with KVBZ for the supply of 22 new passenger cars for UAH 980.45 million (including VAT) by June 30, 2026.
By spring 2023, KVBZ completed the order from Ukrzaliznytsia for the delivery of 100 passenger cars under a 2021 contract worth over UAH 3 billion.
KVZ manufactures passenger and freight cars, regional diesel trains, high-speed interregional trains with locomotive traction, spare parts, and bogies for freight cars.
In 2024, the plant sold 1,096 freight cars, which is almost 10% more than sales in pre-war 2021. The first 15 passenger cars were also delivered to Ukrzaliznytsia under contracts for 66 units. Net profit amounted to UAH 81.08 million, compared to a loss of UAH 143.76 million in 2023.
