Business news from Ukraine

Business news from Ukraine

Net income of Fregat plant fell to UAH 47.6 mln in 2025

The manufacturer of agricultural machinery and special-purpose vehicles, JSC “Fregat Plant” (Pervomaisk, Mykolaiv region), increased its losses by 34.4% in 2025 compared to 2024, to UAH 81.2 million.

According to the company’s financial report, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the company’s net sales revenue fell almost fourfold to UAH 47.57 million.

In 2025, the company received UAH 14.8 million in gross profit (UAH 71.1 million in 2024), and the loss from operating activities amounted to UAH 43.2 million, compared to a profit of UAH 12.6 million a year ago.

“During the reporting period, the company focused its efforts on maintaining its customer base, supporting long-term partnerships with counterparties, and ensuring the economical and rational use of funds,” the report says.

According to the plant, the main activity of the enterprise is currently the production of machinery and equipment for agricultural and forestry engineering. In particular, in the fourth quarter, the production of agricultural machinery for crop production accounted for 54.6% of the total output, equipment for the processing industries of the agro-industrial complex – 0.3%, and other types of products accounted for 45.1%.

The average number of employees at the plant last year was 121, at the Eastern branch – 84, and at the Dnipro branch – 6 (both branches are located in Mykolaiv). The average salary of an employee was UAH 10,190.

As reported, in 2024, the plant increased its losses by 58% compared to 2023, to UAH 60.4 million, while its net income increased by 34.6%, to UAH 188.6 million.

According to the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2025, Fregat Engineering Limited (Cyprus) owns more than 96.25% of the authorized capital of JSC “Fregat Plant,” and the ultimate beneficiary, according to YouControl, is Olga Dementienko from Dnipro.

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Online store EVA.UA increased traffic by 23% during Black Friday

Traffic to the EVA.UA online store increased by 23% during Black Friday (from November 13 to December 2), compared to the same promotional period in 2024, with the average check increasing by 17%, according to the company’s press service.

“During Black Friday, traffic to the EVA.UA online store increased by 23% compared to the same period in 2024. On November 28 alone, it increased by 30%. On that day, we achieved a record attendance of over 1 million visits,” said Ruslan Sazonov, head of marketing for the EVA.UA online store.

At the same time, the average daily number of online orders during Black Friday increased by 25% compared to last year’s figure.

The average check of EVA.UA customers increased by 17% compared to last year’s Black Friday period. In EVA beauty stores, it increased by 12%. At EVA, growth peaked at 10%.

The largest sales growth across all channels was seen in the categories “Perfumes,” “Face and Body Care,” and “Hair Care.” The EVA beauty advent calendar became the absolute sales leader among the entire range on EVA.UA.

Vasylina Petlytska, director of the EVA beauty business line, noted the pronounced interest of buyers, especially from the western region, in gift sets. “Obviously, many people used Black Friday as an opportunity to buy gifts for St. Nicholas Day at a bargain price,” she said.

Rush LLC, which manages the EVA chain, was founded in 2002. As of early 2025, the chain had 1,109 stores in operation.

According to YouControl, the owner of Rush LLC is listed as Incetera Holdings Limited (100%), a Cypriot company, and the ultimate beneficiaries are Ruslana Shostak and Valeria Kiptika.

At the end of Q3 2025, Rush’s net income increased by 18.6% compared to the same period last year, to UAH 22.916 billion. Net profit decreased by 14.7% to UAH 1.7 billion.

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KRMZ reduced its net loss by 17% to UAH 22.93 mln

Metinvest-Kryvyi Rih Repair and Mechanical Plant (KRMZ) reduced its net loss by 17% in January-September this year compared to the same period last year, to UAH 22.925 million.

According to the company’s interim report, available to Interfax-Ukraine, the loss in the third quarter amounted to UAH 6.806 million.
Revenue for this period fell 3.9 times, to UAH 101.959 million from UAH 397.352 million.

The uncovered loss at the end of September amounted to UAH 1 billion 114.641 million.
The plant ended 2024 with a loss of UAH 33.950 million, while in 2023 it reached UAH 273.849 million. In 2022, this figure was UAH 423.040 million, while in 2021, a net profit of UAH 394.714 million was received.

Metinvest-Kryvyi Rih Repair and Mechanical Plant LLC manufactures and repairs equipment for the mining and metallurgical enterprises of the Metinvest Group. It has a closed-cycle metallurgical complex at its disposal. The plant produces parts from more than 40 grades of steel and alloys, assembles and welds products from sheet and rolled steel.

The enterprise was established in 1963 under the name Kryvyi Rih Central Ore Repair Plant. In December 2016, KRMZ joined the Metinvest Group.
Metinvest Holding LLC owns 100% of Metinvest-KRMZ LLC.

The LLC’s authorized capital is UAH 46,000.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine, in the Donetsk, Luhansk, Zaporizhia, and Dnipropetrovsk regions, as well as in European countries.

The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

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KEVRZ increased its revenue by 66% and achieved stable profits

Kyiv Electric Locomotive Repair Plant (KEVRZ), part of Ukrzaliznytsia, reported a net profit of UAH 37.1 million in January-September 2025, compared with a loss of UAH 1.5 million in the same period of 2024.

According to the company’s interim financial report published in the NSSMC’s information disclosure system, its net income for the first nine months grew by 66.2% to UAH 1.138 billion.

The plant received UAH 86 million in gross profit compared to UAH 32 million a year earlier, receiving UAH 47.7 million in profit from operating activities compared to UAH 0.86 million.

According to the plant, in the first half of this year, it received almost UAH 19 million in net profit, compared to a loss of UAH 6.2 million in January-June 2024, with net income growing by 41.2% to UAH 692.3 million.

Thus, KEVRZ ended the third quarter of 2025 with a net profit of UAH 18.2 million, almost four times more than in July-September 2024, and net income increased 2.3 times to UAH 445.5 million.

The plant notes that during the reporting period, it sold 36 repaired electric locomotive sections for UAH 1 billion (19 sections in the first half of 2025), 157 wheel sets for UAH 70.2 million, and 309 electric machines for UAH 51.7 million.

KEVRZ was founded in 1868. It specializes in the overhaul of electric trains for Ukrainian railways, the repair of units and assemblies, electric machines, electric motors, and wheel sets, and the manufacture of spare parts.

The plant ended 2024 with a net profit of UAH 16.1 million, which is 31.3% less than in the previous year, with a slight decrease in revenue to UAH 1 billion 268 million. It sold 40 electric sections, 177 wheel sets, 623 traction motors, and auxiliary machines.

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NZF reduced its net loss to UAH 458 mln and increased its revenue by 12%

In January-June of this year, PJSC Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk region) reduced its net loss by 69.6% compared to the same period last year, from UAH 1 billion 505.962 million to UAH 458.274 million.

According to NZF’s interim report for the first half of 2025, net income for this period increased by 11.7% to UAH 3 billion 915.368 million from UAH 3 billion 505.483 million.

Retained earnings at the end of June 2025 reached UAH 3 billion 778.047 million.

As reported, in 2020, the company received a net profit of UAH 456 million 162.764 thousand. In 2021, the company received a net profit of UAH 5 billion 139 million 528,911 thousand. In 2022, NZF received a profit of UAH 910 million 452,147 thousand.

The plant ended 2023 with a net loss of UAH 2 billion 620 million 398,599 thousand.

As reported, the Pokrovsky Mining and Processing Plant (PGZK, formerly Ordzhonikidze Mining and Processing Plant) and the Marganetsky Mining and Processing Plant (MGZK, both in Dnipropetrovsk region), which are part of the Privat Group, stopped mining and processing raw manganese ore in late October-early November 2023, while NZF and ZZF stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimum level.

The business of ZZF, NZF, Stakhanov ZF (located at NKT), Pokrovsky and Marganetsky GZK was organized by Privatbank prior to nationalization.

NZF is Ukraine’s largest producer of silicon and ferromanganese. The average monthly output of ferroalloys during stable operation of the enterprise is about 55-60 thousand tons.

According to the NDU for the first quarter of 2025, Sofalon Investments Limitad owns 15.503% of the shares of the private joint-stock company, Rougella Properties Ltd. – 9.6904%, Dolemia Consulting Ltd. – 15.7056%, Sonerio Holdings Ltd. – 9.2158%, Manjalom Limited – 5.8824%, Treelon Investments Limited (all – Cyprus) – 15.1013%.

The authorized capital of PJSC NZF is UAH 418.915 million.

NZF is controlled by the EastOne group, created in the fall of 2007 as a result of the restructuring of the Interpipe group, as well as the Privat group (both based in Dnipro).

 

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“Forests of Ukraine” increased its revenue by 25.4%

In January–September 2025, the state-owned enterprise “Forests of Ukraine” increased its revenue from product sales by 25.4% compared to the same period in 2024, to UAH 21.7 billion, according to the press service of the state-owned enterprise.

According to the report, half of the funds received by Forests of Ukraine were directed to budgets at all levels. The enterprise also increased its tax payments in the current year by almost 70% to UAH 10.7 billion.
“Thanks to the growth in sales revenue, significant savings on purchases, and optimization of expenses, profitability increased from 14.8% to 28.6% compared to last year,” Lisy Ukrainy specified.

In September, the state-owned enterprise harvested the largest volume of timber in the last five months. Harvesting volumes reached 1.07-1.1 million cubic meters per month.

The fulfillment of auction contracts for the supply of timber currently stands at over 90%, and taking into account buyer refusals, 97%. A significant proportion of refusals occur in the frontline, eastern, and northern regions, where the risks of harvesting or delivering products have increased. Forward six-month contracts are almost 100% fulfilled.

The balance of products in the company’s warehouses at the end of the quarter is the lowest since the beginning of the year – 550 thousand cubic meters.

Lesy Ukrainy drew attention to the seasonal increase in demand for firewood for the population, which corresponds to last year’s level. In September, the company harvested over 300,000 cubic meters of firewood. By the end of 2025, it plans to harvest over 900,000 cubic meters more to build up a strategic reserve for the winter period.

“Exchange prices for firewood have risen significantly since last year. For the population and the social sphere, the state-owned enterprise “Forests of Ukraine” maintains social prices at a stable level. The average cost of firewood in Ukraine, as in the previous year, is approximately 1-1.1 thousand hryvnia per cubic meter,” the state-owned enterprise summarized.

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