The aviation industry enterprise FED JSC (Kharkiv) reduced its net profit 3.9-fold in January-June 2026 compared with the first half of 2025, to UAH 40.8 million.
According to the company’s interim report published in the disclosure system of the National Securities and Stock Market Commission, its net revenue increased slightly, by 1.7%, to UAH 611.6 million.
FED posted almost UAH 153 million in gross profit, compared with UAH 181.7 million a year earlier, while operating profit fell 2.8-fold to UAH 70.3 million.
Retained earnings exceeded UAH 1.53 billion as of July 1, 2026.
“The main risks in the company’s operations are associated with a significant increase in prices for electricity, gas and other resources. Martial law is also in effect in our country, forcing the company to operate under force majeure conditions,” the report states.
As reported, in the first quarter of 2026, the company’s net profit fell 6.7-fold compared with the same period of 2025, to UAH 17 million, amid a 10% increase in net revenue to UAH 336.6 million.
FED JSC specializes in the development, production, servicing and repair of components for aviation, space and general engineering purposes.
The average number of full-time employees as of July 1, 2026, was 1,010.
In 2025, FED increased its net profit by 3.4% compared with 2024, to UAH 187.6 million, while net revenue rose by 26.5% to UAH 1.05 billion.
As reported, by the end of this year, FED will pay shareholders UAH 40 million in dividends, equivalent to almost UAH 5,150 per share. More than 98% of FED JSC shares are owned by the company’s director, Viktor Popov.
According to Serbian Economist, the Ukrainian documentary “Night Shift,” directed by Megumi Lim, has been selected for the competition program of the 39th Herceg Novi Film Festival, which will take place in Montenegro from August 22 to 28, 2026.
The festival’s documentary section will feature 26 films by filmmakers from various countries. Of these, 24 films will compete for the “Golden Mimosa” award, while two others will be screened out of competition. Screenings of the documentary program will take place from August 23 to 27 in the courtyard of writer Ivo Andrić’s house.
Ukraine will be represented by the film *Night Shift*, shot in 2025. Its director is Megumi Lim, a documentary filmmaker and journalist based in Kyiv who previously worked with international media outlets in Japan and China.
The 29-minute film tells the story of people who continue to work in Kharkiv during the nighttime curfew. The film’s protagonists are employees of public services and businesses who keep the city functioning amid regular Russian attacks. The filmmakers show how the war has changed Kharkiv’s nightlife and how residents maintain their usual rhythm despite the threats.
“Night Shift” marks Megumi Lim’s debut short documentary. In 2025, the film won the Audience Choice Award at the Kyiv International Short Film Festival and was also screened at several international film festivals.
The festival program in Herceg Novi also features documentaries from the United States, Norway, Greenland, Chad, Palestine, Slovenia, Bosnia and Herzegovina, Germany, Iran, the United Kingdom, Azerbaijan, Finland, France, Spain, Switzerland, Portugal, Colombia, Serbia, Georgia, Sweden, and Montenegro.
Vladimir Perović, the documentary program’s selector, noted that this year’s program focuses on the war in Ukraine, the situations in Palestine and Bosnia, climate change, the legacy of colonialism, historical memory, the status of women, and the challenges of coming of age.
The festival will take place under the slogan “All the Colors of Cinema” at several venues in Herceg Novi. In addition to the documentary section, the program includes regional feature-length films, European cinema, student films, television series, and events for film industry professionals.
The “Chervona Zirka” Chemical and Pharmaceutical Plant (Kharkiv) produced goods worth 546.883 M UAH in 2025 and sold goods worth 526.744 M UAH.
According to a report published on the company’s website, the cost of goods sold in 2025 amounted to 213.733 million UAH.
The company reported that 96.4% of its output consisted of pharmaceutical products in the form of tablets, capsules, ointments, and tinctures.
Meanwhile, production of perfumes and cosmetics, which accounted for 2.9% of total sales, amounted to 15.121 million UAH.
“Despite the difficult times our country is facing, the company operated as usual in two shifts, with production capacity utilized at 67%. Currently, the company has increased its production and sales volumes compared to the pre-war period. Sales of finished products were primarily conducted on a credit basis, sometimes with payment terms of up to 60 days or on a prepayment basis. Sales volumes for the reporting year amounted to approximately 44 million UAH per month. “The share of the Ukrainian market is up to 2%; there were no exports in 2025,” the company’s report states.
“Chervona Zirka Chemical and Pharmaceutical Plant is a Ukrainian manufacturer of pharmaceuticals, therapeutic cosmetics, and dietary supplements.
According to data from the OpenDataBot system, the company’s net profit for 2024 was 24.063 million UAH, which is 64% more than in 2023.
The company’s ultimate beneficiary is Olena Galkina.
KHARKIV, MANUFACTURING, MEDICATION, PHARMACEUTICALS, Червона зірка
The European Bank for Reconstruction and Development (EBRD) has approved a EUR15 million senior loan for Kharkiv to restore its centralized heating system, backed by a EUR17 million grant from the European Union, the bank announced on its website.
“The loan is part of a broader financing package that also includes a EUR17 million investment grant from the European Union. Given the risks posed by the war, the loan will also receive a partial guarantee from the EU based on first-loss coverage,” the statement said, noting that the project is awaiting final approval.
The loan and EU grant funds will finance the purchase of up to 22 small and medium-sized modular natural gas-fired boiler plants, along with cogeneration units, as well as five small cogeneration units in existing boiler plants.
The project’s implementation will restore centralized heat supply services, which were interrupted in February 2026 following critical damage to Kharkiv Combined Heat and Power Plant No. 5. The total annual reduction in greenhouse gas emissions from the project is estimated at 19,091 metric tons of CO2-eq.
CHP-5, EBRD, EU, heat supply, KHARKIV
The Adidas sports brand has returned to Kharkiv after a four-year hiatus; a discount store has opened at 199 Heroiv Kharkiva Street, according to a post on LinkedIn by Igor Marinich, CEO of Adidas Ukraine.
“After four years in a ‘frozen’ state since the start of the full-scale war, we are once again opening our doors to all our customers and athletes in our wonderful, athletic, incredibly brave, and Ukrainian city of heroes—Kharkiv!” he wrote.
Marinich also emphasized that the safety of employees and customers remains a key priority for the company.
As reported, in February 2024, Adidas closed all its retail locations in Ukraine due to the security situation, but began restoring the network’s operations as early as July 2022. In Kharkiv, the brand’s stores had previously also operated in the “Karavan” and “Dafi” shopping centers.
In Ukraine, the chain is managed by the state-owned enterprise “Adidas-Ukraine,” which is owned by Adidas AG. According to OpenDataBot, by the end of 2025, the company increased its revenue by 28% to 2,996,893,000 UAH, while net profit halved to 43.310 million UAH in 2025 compared to 94.205 million UAH in 2024.
JSC “Ukrenergomashiny” (Kharkiv), more than 75.22% of which is owned by the state, will pay out nearly UAH 2,305,000 (or 75% of its net profit) between October 1 and 29 of this year based on its 2025 performance.
According to a notice published in the disclosure system of the National Securities and Stock Market Commission, the relevant decision was adopted by the general meeting of shareholders on April 29, and on June 10, a list of persons entitled to receive dividends, as well as the procedure and deadline for their payment, was drawn up.
Dividends will be paid at a rate of 0.0055 UAH per share with a par value of 0.25 UAH.
As reported, UAH 1.73 million in dividends will be paid to the state-owned share.
JSC “Ukrenergomashiny” (formerly JSC ‘Turboatom’ and “Elektrovazhmash”) is Ukraine’s sole manufacturer of turbine equipment for hydroelectric, thermal, and nuclear power plants. It also manufactures, among other things, electric motors for rail and urban transport (the “Elektrovazhmash” product line).
In 2025, the company increased its net sales revenue by 32.9% compared to 2024—to UAH 1.06 billion, while net profit increased 3.5-fold—to UAH 3.07 million.
In addition to the state, the company’s shareholders (according to the NSSMC as of the first quarter of 2026) include the “Seventh” investment fund—managed by the asset management company “Svarog Asset Management” and linked to entrepreneur Kostyantyn Hryhoryshyn—holding 15.3416% of the shares, non-resident Valery Valandin – 5.598% of shares.
DIVIDENDS, KHARKIV, power machinery manufacturing, STATE, Укрэнергомашины
