TAS-Dniprovagonmash LLC (DVM, Kamianske, Dnipropetrovsk Oblast), controlled by the TAS financial and industrial group owned by businessman Serhiy Tihipko, ended January–March 2026 with a loss of UAH 39.67 million, which is 2.4 times higher than the figure for the first quarter of 2025.
According to the company’s published interim financial statements, net revenue fell by nearly four times—to 72.73 million UAH.
No products were exported during this period, and the main customers in Ukraine were ENVIO Ukraine LLC and TAS Poltavavagon.
According to the plant, during this period it reduced freight car production by 4.8 times—to 38 units—and production capacity was utilized at only 5%. Total sales revenue amounted to UAH 140.7 million.
The average selling price of freight cars was 2,460,800 UAH (compared to 2,569,400 UAH during the same period last year).
In terms of total car production in Ukraine in January–March 2026, TAS Dniprovagonmash ranked fourth. Its main competitors are the Kryukiv Carriage Works, DMZ Karpaty, and Ukrzaliznytsia’s plants.
The value of contracts signed but not yet fulfilled as of the end of the first quarter of 2026 was 103.1 million UAH (excluding VAT), and the expected profit from their fulfillment was 6.2 million UAH.
“TAS Dniprovagonmash,” which has the capacity to produce 9,000 railcars per year, reportedly offers the widest range of freight railcars among domestic manufacturers (over 160 models) and also produces metal structures, railcar bogies, spare parts, and equipment for the agricultural sector.
As of April 1, 2026, the plant employed 596 people (744 a year ago).
As reported, in 2025, it reduced freight car production by 8.6% compared to the previous year—to 550 units—and sales by 8.2%, to 556 units. The company incurred a loss of 151.4 million UAH, whereas in 2024 net profit amounted to 62.2 million UAH, and net revenue decreased by 12% to 1.54 billion UAH.
