Business news from Ukraine

Business news from Ukraine

“Vodafone Ukraine” has announced new buyback of $1.2 mln in Eurobonds

Vodafone Ukraine (VFU), Ukraine’s second-largest mobile operator, which has repurchased approximately $25.5 million worth of its own Eurobonds since late May of last year following several offers related to dividend payments, has announced another similar tender at 98% of par value for a total of $1.165 million.

As noted in a statement on the Irish Stock Exchange, the company previously made another monthly dividend payment on June 2 in the amount of UAH 51.60 million.

Applications to participate in the tender are being accepted through June 17, and settlements are scheduled for June 24.

Bonds maturing in February 2027 with a coupon rate of 9.625% per annum were issued for $300 million. Their redemption is related to the fact that on April 24, 2025, VFU announced the accrual of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. In accordance with National Bank restrictions, these dividends will be paid in separate monthly installments in hryvnia, each amounting to EUR1 million. The company emphasized that, under the terms of the bond issue, it must in such a case offer all bondholders the opportunity to submit an application to sell their bonds for an amount equal to the dividends paid outside Ukraine.

In the first two tenders, mobile operator “Vodafone Ukraine” repurchased bonds in an amount equivalent to EUR1 million. The initial repurchase was announced at 99% of par value, the second at 90% of par value. The company did not announce the results of the second buyback on the exchange, while the bid-to-cover ratio for the first buyback was 0.0040355668.

Following the third tender, where the buyback price was reduced to 85% of par value and the offer was capped at $4.67 million, “Vodafone Ukraine” received bids totaling $53.395 million and satisfied them in the amount of $5.208 million. The scaling factor was 0.1315451889487317.

The fourth tender was announced on August 13 but was subsequently extended seven times. As a result, the redemption price was increased from 85% to 98%, and the redemption amount to $10.84 million. The company received bids totaling $127.14 million for this amount. Some of the bonds were returned to their holders due to the inability to split the face value, while the rest were accepted with a scaling factor of 0.1150681.

In the fifth through tenth bond redemption tenders held from December to May, the price was again set at 98%: in the fifth tender, with bids of $1.165 million, the scaling factor was set at 0.01901; in the sixth, with bids of $1.475 million, at 0.04234; in the seventh, with bids of $1.185 million, at 0.3246; for the eighth, with bids of $1.18 million – 0.0333333; for the ninth, with bids of $1.16 million – 0.449; and for the tenth, with bids of $1.17 million – 1.0 (bids totaling $2.32 million were submitted).

Overall, based on the results of the ten tenders, the total nominal value of bonds remaining in circulation is $274.52 million.

As reported, mobile operator VFU increased its revenue by 14% in 2025 compared to the previous year—to 27.8 billion UAH—while its net profit rose by 18%—to 4.18 billion UAH.

In the first quarter of this year, VFU increased its net profit by 12% compared to the same period last year—to UAH 778 million, while its revenue grew by 11%—to UAH 7.3 billion.

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NGZK to Allocate UAH 2.1 Mln for 2025 Dividends

PJSC “Novoselivsky Mining and Processing Plant” (NGZK, Kharkiv Oblast) will allocate UAH 2.125 million from its 2025 net profit for dividend payments.

According to the company’s report in the NSSMC’s disclosure system, this decision was adopted by the company’s annual general meeting of shareholders, held remotely on April 28 of this year.

“It was decided to allocate a portion of the 2025 net profit in the amount of UAH 2.125 million to pay dividends to the company’s shareholders in cash. The dividend per share amounts to UAH 0.05 (before deduction of taxes to be withheld and paid in accordance with the law),” the statement reads.

It is specified that on June 2, 2026, by a decision of the company’s supervisory board, it was established that the payment of dividends based on the results of 2025 shall be carried out in accordance with the decision of the general meeting of shareholders, which was held remotely, by paying the full amount of dividends in full through the Ukrainian depository system in accordance with the procedure established by law to shareholders included in the list of persons entitled to receive dividends, compiled as of June 17, 2026, during the period from June 23 to October 28, 2026.

According to the company’s interim report, available to the Interfax-Ukraine agency, NGZK incurred a net loss of UAH 4.441 million in January–March of this year, whereas in the same period last year there was a net profit of UAH 3.677 million; revenue from ordinary activities for this period amounted to UAH 36.067 million (UAH 47.396 million). Retained earnings as of the end of March 2026 stood at UAH 99.851 million.

According to the annual report, NGZK increased its net profit to UAH 20.170 million in 2025 from UAH 18.938 million in 2024. At the same time, revenue from ordinary activities for this period increased compared to 2024 to UAH 190.631 million from UAH 168.553 million.

In 2024, NGZK increased its net profit by 6.1% compared to 2023—to UAH 18.938 million, while net revenue grew by 11.6% to UAH 168.553 million.

The Novoselivsky Mining and Processing Plant was established in 2000. It is engaged in the extraction of sand, gravel, and clay.

According to the State Register of Enterprises for the first quarter of 2026, Silica Holding LLC (Ukraine) owns 94.8205% of the company.

The authorized capital is UAH 21.25 million.

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Inter-Polis Insurance Company to Allocate UAH 5 Mln for 2025 Dividends

At a meeting on April 29, the shareholders of Inter-Polis Insurance Company (Kyiv) approved a resolution to allocate 25.5% of the net profit for 2025 to dividend payments, amounting to UAH 5 million.

As the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC), on May 22, 2026, the company’s supervisory board also adopted a decision establishing the date for compiling the list of persons entitled to receive dividends, as well as the procedure and deadline for their payment.

The dividend per share is UAH 58.6421. The dividend payment period is until October 28, 2026 (inclusive).

As reported, in 2025, the company earned a net profit of UAH 19.603 million.

IC “Inter-Polis” was founded in 1993.

As reported, the shareholders of Inter-Polis are JSC Ukrzaliznytsia (50.0041%) and Yevhen Chernyak (24.715%), two individuals holding stakes of 6.25% and 6.18%, and Rent Estate Company LLC – 6.29%.

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Astarta Will Not Recommend Dividend Payout for 2025

The Board of Directors of the Astarta agricultural holding has decided not to recommend a dividend payout from profits for the 2025 fiscal year for consideration at the annual general meeting of shareholders, which will take place on June 16.

“The Board’s decision is based on the need to retain profits to meet the company’s current investment and operational needs,” the company said in a stock exchange announcement on Friday.

Astarta’s share price fell 5.64% on that day to PLN50.2 per share.

Astarta is a vertically integrated agro-industrial holding operating in seven regions of Ukraine and is the country’s largest sugar producer. The company’s portfolio includes five sugar factories, agricultural holdings with a land bank of 214,000 hectares (including 129,000 hectares in Poltava Oblast, 42,000 hectares in Khmelnytskyi Oblast, and 16,000 hectares in Vinnytsia Oblast), and dairy farms with 30,000 head of cattle. The holding also operates a soybean processing plant and a bioenergy complex in Poltava Oblast, as well as a network of six grain elevators.

Astarta’s net profit for 2025 fell 4.2-fold to $19.94 million, while consolidated revenue decreased by 23% to $472 million.

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“V.A.T. – Pryluky” to Pay 52 Mln UAH in Dividends in May

PJSC “Tobacco Company ”V. A.T. – Pryluky” (Chernihiv region), which is part of the assets of the international British American Tobacco (BAT), will pay UAH 52 million in dividends to shareholders between May 19 and May 32 of this year, at a rate of UAH 0.0006 per share.

According to the company’s report in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant decision was adopted by the shareholder on May 19.
“The entire dividend amount will be paid in full in May 2026, and if it is impossible to make the full payment during the specified period, the payment deadline will be extended in accordance with the sole shareholder’s decision,” the report states.

Dividends will be paid in U.S. dollars directly to the shareholder. According to the NSSMC, 100% of the company’s shares are owned by Precis (1814) Limited (United Kingdom).

At the same time, according to information from the NSSMC, this is not the first time this year that the company has made a similar decision regarding dividend payments. Specifically, on April 9, the shareholder decided to pay UAH 52 million in dividends from April 9 to 30; in March, the same amount was paid from March 17 to 31; and similarly in February and January.

The total amount of dividends to be paid this year has not been specified.
As reported, the National Bank of Ukraine has limited the transfer of dividends abroad to no more than EUR1 million per month.

According to its information, “V.A.T. Pryluky” is one of the largest manufacturers and exporters of tobacco products in Ukraine, producing cigarettes under international brands and the national brand “Pryluky,” as well as TVEN.
According to the NSSMC, 100% of the shares are owned by Precis (1814) Limited (United Kingdom).

According to the company’s annual report in the NSSMC disclosure system, in 2025 it reduced its net profit by 37.3% compared to 2024, to UAH 413.6 million, due to a 11.8% decrease in net revenue—to UAH 5.04 billion.
Retained earnings amounted to UAH 4.9 billion.

The company produced more than 8 billion filtered cigarettes worth UAH 2.95 billion, 729 million units of TVEN worth UAH 422 million, and nearly 3 billion filters worth UAH 742.5 million.
Average selling prices were UAH 423.71 per 1,000 cigarettes and UAH 652.4 per 1,000 TVEN units. Export volume amounted to UAH 0.95 billion, or approximately 1.84 billion cigarettes. The main client is BAT Sales and Marketing Ukraine.

The company’s average headcount as of the beginning of this year was 417 people.

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“Ukrtransleasing” to Allocate UAH 250 Mln for Dividends

PJSC “Leasing Company ”Ukrtransleasing” will allocate UAH 250 million of its total net profit of UAH 265.1 million to dividend payments based on the results of 2025, according to a company statement on Tuesday regarding the decision of the shareholders’ meeting.

According to the statement, Ukrtransleasing’s net revenue fell by 28.9% last year to UAH 152.4 million, but thanks to other operating income of UAH 228.2 million—which was absent in 2024—operating profit jumped 2.3-fold to UAH 245 million, and net profit by 1.9 times.

The company received its main revenue last year from its largest shareholder, Lemtrans LLC, which owns 49.95%.

According to the press release, since the beginning of 2026, 752,100 tons of cargo have been transported in Ukrtransleasing’s open-top cars, of cargo, including 507,600 tons of coal (67.5%), 174,700 tons of iron and manganese ore (23.2%), and 22,300 tons of construction materials (3%), while grain cars carried 125,700 tons of grain, including 86,200 tons of corn (68.5%), 24,300 tons of wheat (19.4%), 2,300 tons of rapeseed (1.8%), and others.

The report specifies that in 2026, Ukrtransleasing plans to carry out scheduled repairs in accordance with the approved schedule, including 461 major repairs of open cars, 55 depot repairs of open cars, and 5 depot repairs of grain cars.

Among other things, in 2026, the company plans to develop freight forwarding activities and maintain long-term partnerships with clients, reduce non-productive downtime of railcars, manage existing equipment financial leasing agreements, and provide comprehensive solutions for transportation and logistics challenges, particularly in the field of grain cargo transportation.

PJSC “Leasing Company ”Ukrtransleasing” is an operator in the Ukrainian leasing services market. The company’s primary specialization is the financial leasing of railway, agricultural, and aviation equipment.

JSC “Ukrzaliznytsia” owns 47.67% of the shares in PJSC “Ukrtransleasing,” and LLC “Lemtrans” owns 49.95%.

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