In January–March of this year, PJSC Zaporizhstal increased its net loss by 2.1 times compared to the same period last year—to UAH 1.373955 billion from UAH 660.923 million.
According to the company’s interim report in the NSSMC’s disclosure system, its revenue from ordinary activities for this period increased by 13.2%—to UAH 19.667141 billion from UAH 17.376525 billion. Retained earnings as of the end of March amounted to 29.917367 billion UAH.
At the same time, Zaporizhstal’s consolidated loss in the first quarter of 2025 amounted to 1.446646 billion UAH, and in the first quarter of 2024—566.486 million UAH. Revenue remained unchanged—the same as in the unconsolidated report.
According to the company’s annual report, Zaporizhstal doubled its net profit in 2025 compared to the previous year—to 1.764886 billion UAH from 880.562 million UAH, revenue from ordinary activities for this period increased by 2.4%—to 72,141.56 million UAH from 70,307.933 million UAH.
Retained earnings as of the end of 2025 amounted to 30,882.574 million UAH.
At the same time, Zaporizhstal’s consolidated profit in 2025 amounted to UAH 1.328605 billion, and in 2024 – UAH 1.593521 billion. Revenue remained unchanged – the same as in the unconsolidated report.
As reported, Zaporizhstal reduced its net profit by 3.1% in the first nine months of 2025 compared to the same period in 2024—to 1.547508 billion UAH from 1.597318 billion UAH, its net revenue for this period increased by 0.9%—to UAH 53.583352 billion from UAH 53.131601 billion.
In 2024, Zaporizhstal reported a net profit of 1.593521 billion UAH, compared to a net loss of 3.899537 billion UAH the previous year. At the same time, revenue in 2024 amounted to UAH 70.307933 billion, compared to UAH 56.428254 billion in 2023. The group’s total workforce as of early 2025 stood at 9,328 employees.
Zaporizhstal ended 2022 with a net loss of 4 billion 864 million 684,828 thousand UAH, whereas in 2021 it reported a net profit of 16 billion 809 million 158,412 thousand UAH.
In 2025, Zaporizhstal increased its rolled steel output by 15.2% compared to the previous year—to 2,794,600 tons from 2,426,700 tons. Steel production amounted to 3,212,200 tons (in 2024 – 2,890,800 tons), and pig iron production – 3,567,800 tons (3,106,300 tons).
Zaporizhstal is one of Ukraine’s largest industrial enterprises, whose products are in high demand among consumers both in the domestic market and in many countries around the world.
Zaporizhstal is a joint venture of the Metinvest Group, whose main shareholders are PJSC System Capital Management (71.24%) and Smart Steel Limited (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
Dniprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Serhiy Tihipko, reported a net loss of UAH 46.820 million for January-March of this year, compared to a profit of UAH 3.938 million in the same period last year.
According to the company’s interim report, which is available to the Interfax-Ukraine agency, revenue from ordinary activities for the specified period amounted to UAH 802.933 million, compared to UAH 778.319 million for the first three months of 2025.
At the same time, the company’s retained earnings as of the end of March 2026 amounted to 224.955 million UAH.
According to the annual report, Dniprometiz-TAS reported a net profit of UAH 8.961 million in 2025 and UAH 13.963 million in 2024, with revenue from ordinary activities amounting to UAH 3.453737 billion (UAH 3.285688 billion).
As reported, Dniprometiz-TAS reduced its net profit by 2.9% in the first nine months of 2025 compared to the same period last year—to 11.727 million UAH, while net revenue increased by 7.5%—to 2.607402 billion UAH.
In 2024, Dniprometiz-TAS increased its net profit by 47.7% compared to 2023—to UAH 14.197 million from UAH 9.610 million, while net revenue rose by 22.7%—to UAH 3.285688 billion. At the same time, the company’s retained earnings as of the end of 2024 amounted to 263.048 million UAH.
“Dniprometiz” reported a 2.6-fold decrease in net profit for 2023 compared to 2022—to UAH 9.658 million from UAH 24.733 million. Over the past year, net revenue increased by 8.2%—to UAH 2.677836 billion.
Dniprometiz reported a six-fold decrease in net profit for 2022 compared to the previous year—to UAH 25.572 million, while net revenue grew by 1.1%—to UAH 2.474397 billion.
“Dniprometiz-TAS” manufactures metal products from low-carbon steels. The company’s production capacity is 120,000 tons of products per year.
At the general meeting on April 29, 2025, the issue of increasing the company’s authorized capital through an additional contribution by a shareholder was considered. A decision was made to increase the authorized capital by UAH 100 million: from UAH 83,479,696 to UAH 183,479,696 through an additional contribution by T.A.S. Overseas Investments Limited (Cyprus) in the amount of UAH 100 million.
T.A.S. Overseas Investments Limited (Cyprus) owns a 98.6578% stake in Dniprometiz LLC.
The authorized capital of Dniprometiz-TAS LLC remains at UAH 83.480 million.
Pharmaceutical company JSC Galichpharm (Lviv) produced 22.098 million packages of medicines in 2025 and sold finished products worth UAH 1.774 billion.
As the company reported in its financial statements on its website, its net loss in 2025 amounted to UAH 1.151 billion, while at the end of 2024, net profit fell by 39% compared to 2023—to UAH 13.705 million.
As previously reported, the company planned to increase sales by 15% by the end of 2025.
In May 2025, the Commercial Court of Lviv Oblast opened bankruptcy proceedings against the pharmaceutical manufacturer JSC “Galichpharm” based on claims by LLC “Sky-Development” in the amount of UAH 479.262 million. On April 21, 2025, Sky-Development LLC acquired from JSC “Bank ”Finance and Credit“ the rights to claims against JSC ”Galichpharm” under loan agreements and security agreements.
The investment company Sky-Development won an open auction organized by the Deposit Guarantee Fund and acquired the claims of the insolvent JSC Bank Finance and Credit under ten loan agreements with leading Ukrainian pharmaceutical companies: JSC “Galichpharm” and JSC “Kyivmedpreparat.” According to Sky-Development, the total amount of its claims exceeds UAH 3.5 billion.
For their part, Kyivmedpreparat and Galichpharm stated that the information disseminated by Sky Development Investment Company is “unreliable, manipulative, and shows signs of deliberate discrediting of the companies’ activities.” In particular, both companies denied having “multi-billion-hryvnia debts” to “Sky Development.” The pharmaceutical companies viewed the statements by “Sky Development” LLC as “an attempt to illegally and artificially create non-existent creditor debt for a possible future hostile takeover of the companies.”
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.
The national postal operator Ukrposhta reported a net loss of UAH 204.8 million for January–March 2026, which is UAH 1.1 million, or 0.5%, higher than in the same period of 2025, but 40% lower than projected in the plan, according to the company’s financial report.
According to the report, in the first quarter of 2026, Ukrposhta reduced its revenue by 0.1% or 5 million UAH to 3.34 billion UAH, which is 2% less than planned.
It is noted that in the first quarter of 2026, Ukrposhta handled 15.8 million domestic and international items of written correspondence (compared to 20.9 million in the first quarter of last year), 9.8 million parcels (11.1 million), and 18.3 million payments (22.4 million).
“Compared to the same period last year, there has been revenue growth in the segments of letter mail, money transfers, and payments, while revenue from other services has declined,” the report notes.
EBITDA for the reporting period decreased by 38.6% compared to the same period last year—to 25.4 million UAH.
The company emphasized that these figures were influenced by the loss of markets and company assets due to Russia’s aggression and stagnation in domestic demand for services.
Other reasons cited for the deterioration in financial results include delays in the rollout of additional services for customers, the shift of pensioners to banking services, the ongoing digitization of payments, and population decline.
The company has 7,193 customer service locations (7,235 a year ago), including 2,026 mobile postal branches (2,058), serving 21,300 settlements.
According to the report, Ukrposhta currently has 25,950 employees (28,860), and the average salary is 20,300 UAH (18,200 UAH). It is noted that the review of salaries for operational staff has also been postponed due to failure to meet financial targets.
Ukrposhta stated that a plan of measures to improve its financial condition was developed at a meeting of the supervisory board. This involves maintaining a delivery quality rate of at least 95%, improving the customer experience, and further integration with key clients and marketplaces to increase shipment volumes. According to the report, integration with OLX has already taken place.
The report also highlights the launch of the first parcel pickup points and parcel lockers to improve walkability. A separate component is the topic of payments: an update to the front-end system and a transition to a new payment system are to be implemented, and payment rates have been revised to increase revenue.
Other issues include the sale of real estate not used in operational activities. Last week, CEO Ihor Smelyansky announced that since the beginning of 2026, Ukrposhta has received 517 million UAH from the sale of unused real estate following the results of eight auctions on the Prozorro.Prozazhi platform, including UAH 461.5 million for its former sorting center building near the railway station in Lviv, which was purchased by the Eurotek Invest fund from Mykhailo Veselskyi, owner of the Arsen supermarket chain.
It is expected that in the second quarter of 2026, Ukrposhta will direct investments toward energy independence of infrastructure and the digitization of services as part of a national strategy. Specifically, this involves improving the mobile app, the CRM system, and self-service customer service channels.
Other plans include scaling logistics solutions, including the deployment of new parcel lockers in the regions and the optimization of delivery routes, improving operational efficiency, strengthening the energy independence of the postal infrastructure ahead of the coming winter, as well as strengthening the risk management and cybersecurity program.
As reported, Ukrposhta posted a net profit of 257.9 million UAH in the fourth quarter of 2025, which is 69.2% higher than in the same period of 2024. The company increased its revenue by 10.7 million UAH to 3.6016 billion UAH.
PJSC “Interpipe Dnipropetrovsk Vtormet” (Dnipro), a subsidiary of the pipe and wheel company (PWC) “Interpipe,” ended January-March of this year with a loss of UAH 4.731 million, whereas it reported a net profit of UAH 40.698 million for the same period last year.
According to the company’s data in the NSSMC’s disclosure system, the pre-tax loss for this period amounted to UAH 4.786 million, compared to a pre-tax profit of UAH 50.446 million in Q1 2025.
At the same time, revenue from ordinary activities amounted to UAH 776.710 million, compared to UAH 1.807 billion in January–March 2025.
Retained earnings as of the end of March 2026 reached UAH 327.043 million.
As reported, Interpipe Dnipropetrovsk Vtormet ended 2025 with a loss of UAH 2.821 million, while in 2024 it reported a net profit of UAH 65.931 million.
“Interpipe” is a Ukrainian industrial company and a manufacturer of steel pipes and railway products. The company’s products are supplied to more than 50 countries worldwide through a network of sales offices located in key markets in the Middle East, North America, and Europe.
The company’s structure includes six industrial assets: “Interpipe Nizhnedneprovsky Pipe Rolling Plant (NTZ),” “Interpipe Novomoskovsky Pipe Plant (NMTZ),” “Interpipe Nico-Tube,” “Dnipropetrovsk Vtormet,” the ‘Dniprostal’ electric steelmaking complex under the “Interpipe Steel” brand, and the Interpipe Roman pipe plant in Romania.
The company has a total workforce of approximately 9,500 employees.
The ultimate owner of Interpipe Limited is Ukrainian businessman and philanthropist Viktor Pinchuk and members of his family.
“Interpipe Dnipropetrovsk Vtormet” specializes in the procurement and processing of ferrous metal scrap in the Dnipropetrovsk region, followed by the sale of this product, specifically in the preparation of metal feedstock for steelmaking enterprises. The company’s production facilities have the capacity to process 1.35 million tons of scrap per year. The company has an extensive regional network of procurement and production facilities (Dnipro, Nikopol, Pavlohrad, Zhytomyr, Kyiv, Odesa, Poltava, Vinnytsia, Kharkiv, and Cherkasy).
According to the State Registration Service data for the fourth quarter of 2025, Interpipe Limited (Cyprus) owns 98.6699% of the shares of PJSC “Interpipe Dnipropetrovsk Vtormet.”
The company’s authorized capital is UAH 64.876 million.
