Business news from Ukraine

Business news from Ukraine

Vyshnevsky Foundry and Forging Plant to Allocate 75% of Profits to Dividends

PJSC “Vyshnevsky Foundry and Forging Plant” (VLKP, Kyiv region) reported a 3.2% decrease in net profit for 2025 compared to 2024—down to UAH 2.892 million from UAH 2.987 million.

According to VLKS’s announcement in the National Securities and Stock Market Commission (NSSMC) disclosure system regarding the remote general meeting of shareholders to be held on April 27, eight items are on the agenda. In particular, the meeting plans to review the company’s supervisory board’s report on its work in 2025, approve the results of financial and operational activities for the past year, and distribute profits.

Additionally, the meeting will decide on the payment of annual dividends, approve their amount and method of payment, approve significant transactions, terminate the powers of Supervisory Board members, and elect new ones.

Draft resolutions, copies of which are available to the Interfax-Ukraine agency, propose approving the Supervisory Board’s report and the company’s financial and operational results for 2025. Net profit in the amount of UAH 2,891,991 thousand is to be distributed as follows: 75%, amounting to UAH 2,169,049 thousand, is to be allocated for the payment of dividends; 25%, or UAH 722,942 thousand, is to be retained as undistributed profit.

It is proposed to pay dividends based on the results of 2025 and to approve a dividend amount of 1.5133 UAH per share. The method of dividend payment shall be directly to shareholders.
As reported, based on its 2024 results, VLKZ saw its net profit decrease by 35.9% compared to 2023—from UAH 4.663 million to UAH 2.987 million—while the company’s net revenue fell by 25.7% to UAH 68.327 million. Retained earnings as of the end of 2024 amounted to UAH 12.594 million.

PJSC “VLKZ” was founded in 1990 on the basis of the foundry and forging shops of the Artem Kyiv Production Association. It specializes in the production of forged and cast products.
According to the State Registration Service data for the fourth quarter of 2025, resident individual Viktoria Gryshchenko owns 18.5947% of the company’s shares, resident individual Valentina Baeva owns 10.5216%, and JSC “Aviation and Rocket-Technical Engineering Company” holds 51.0001%.

Authorized capital: 358,000 UAH; par value: 0.25 UAH.

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Vyshneve Foundry and Forging Plant reduced profits by 36% in 2024

Vyshnivskyi Foundry and Forging Plant (VLKZ, Kyiv region) reduced its net profit by 35.9% in 2024 compared to 2023, to UAH 2.987 million from UAH 4.663 million.

According to the annual report for 2024, the company’s net income decreased by 25.7% to UAH 68.327 million.

Retained earnings at the end of 2024 amounted to UAH 12.594 million.

According to VLCP’s announcement in the National Securities and Stock Market Commission’s (NSSMC) information disclosure system that it will hold a remote general meeting of shareholders on April 11, the shareholders will consider the report of the Supervisory Board for 2024 and make a decision based on the results of such consideration.

In addition, the shareholders will approve the results of financial and economic activities for the past year and determine the distribution of profits. It is planned to decide on the payment and approval of the amount of annual dividends and the method of their payment.

The draft resolutions, a copy of which is available to Interfax-Ukraine, propose to distribute the company’s net profit for 2024 in the amount of UAH 2 million 986 thousand 873.04 as follows 75%, which amounts to UAH 2 million 240 thousand 285.41, to be used to pay dividends; 25%, which amounts to UAH 746 thousand 587.63, to be left undistributed. To pay dividends for 2024 directly to shareholders in the amount of UAH 1.563 per share.

In addition, the shareholders will approve a new version of the charter, amend the company’s bylaws and give prior consent to enter into significant transactions.
As reported, VLCP increased its net profit by 2.1 times compared to the previous year to UAH 7.099 million in 2022. Retained earnings by the end of 2022 amounted to UAH 13.077 million.

VLKZ was founded in 1990 on the basis of the foundry and forging shops of the Artem Kyiv Production Association. It specializes in the production of forging and casting products.

According to the third quarter of 2024, the company’s shares are owned by a resident individual, Victoria Gryshchenko, who holds 18.5947% of the company’s shares, while Aviation and Rocketry Engineering Company JSC owns 51.0001%.

The authorized capital is UAH 358 thousand, the nominal value is UAH 0.25.

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Vishnevsky Casting and Forging Plant doubled its profit

Vishnevskiy Casting and Forging Plant PJSC (VLKZ, Kyiv oblast) increased its net profit by 2.1 times last year compared to the previous year – up to UAH 7.099 mln.
According to the information for the annual general shareholders meeting of the company, appointed for April 24 of this year, which will be held remotely, the undistributed profit by the end of 2022 amounted to UAH 13.077 mln.
The shareholders intend to summarize the results of work in 2022, to distribute the net profit received last year in the amount of 7 million 98.521 thousand UAH in the following way: 50% of the profit, which amounts to 3 million 554.643 thousand UAH, to be allocated to the payment of dividends (2.48 UAH per share); the rest will be left undistributed.
Besides, the company plans to elect a new Supervisory Board, to make changes to its charter and to approve major transactions.
PJSC VLKZ was founded in 1990 on the basis of foundry and forging shops of Kiev Artem Production Association. It specializes in producing forging and foundry products.
According to the data from the National Depository of Ukraine as of the fourth quarter of 2022, “Golf and Country Club” (Ukraine) is the property of 18,5947% of the company, “Company of Aviation and Rocket-Technical Engineering” – 51,0001%.
Authorized capital is 358 th. UAH, par value – 0.25 UAH.

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