The aviation industry company JSC “FED” (Kharkiv) saw its net profit decline by 44% in January–September 2026 compared to the same period in 2025—to 98.8 million UAH, while in the third quarter, this figure increased 3.2-fold compared to July–September 2025—to nearly 58 million UAH.
According to the company’s interim report published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), its net profit for the nine-month period rose by 23.9% to 960.4 million UAH, and in the third quarter, it doubled compared to the same period in 2025, reaching 348.8 million UAH.
In January–September, “FED” generated nearly 286.6 million UAH in gross profit, compared to 247.6 million UAH a year ago, while operating profit fell by 34.5% to 143.2 million UAH.
Retained earnings as of October 1, 2026, reached nearly 1.59 billion UAH.
The plant notes in its report that its production capacity is being utilized at 100%.
FED states that its business operations are primarily influenced by factors related to the country’s economic, social, and political challenges, including issues in the tax and financial sectors.
“Currently, the company’s main significant challenges are military aggression against Ukraine, low purchasing power among customers, and financial and economic instability in the country. All other issues are resolved through ‘dialogue’ with the relevant government agencies in the manner prescribed by law,” the report states.
FED has no unfulfilled agreements (contracts).
JSC “FED” specializes in the design, manufacture, maintenance, and repair of equipment for aviation, aerospace, and general mechanical engineering.
The average number of full-time employees as of October 1, 2026, was 963 (as of July 1—1,010).
In 2025, FED increased its net profit by 3.4% compared to 2024—to 187.6 million UAH—and its net revenue by 26.5%, to 1.05 billion UAH.
As previously reported, by the end of 2026, FED will pay shareholders 40 million UAH in dividends, amounting to nearly 5,150 UAH per share. More than 98% of the shares in JSC “FED” are held by the company’s director, Viktor Popov.
According to Experts.news, metallurgical production in Ukraine from January through September 2026 fell by 18.2% compared to the same period last year, while production volumes in the electricity, gas, steam, and air conditioning supply sector fell by 16.7%, the State Statistics Service of Ukraine (Derzhstat) reported on November 3.
According to the published data, a significant decline was also recorded in the production of coke and refined petroleum products—by 18.1%.
At the same time, the mining and quarrying sector showed a much smaller decline—by 0.2% compared to January–September 2025.
The negative trend in key industrial sectors is occurring against the backdrop of Russian attacks on industrial and energy infrastructure, energy supply restrictions, and the shutdown of certain large manufacturing enterprises.
In particular, according to information from the “Ukrmetallurgprom” association of enterprises, released on October 9, Ukrainian metallurgical enterprises reduced steel production by 19.8% in January–September 2026 compared to the same period last year—to 4.431 million metric tons.
Pig iron production during this period decreased by 22.9%, to 4.463 million metric tons, while total rolled steel production fell by 23%, to 3.729 million metric tons.
A particularly significant decline was observed in September. According to preliminary data from the industry association, only 131,000 metric tons of steel were produced during the month, compared to 277,000 metric tons in August—a 52.7% decrease.
Pig iron output in September totaled 113,000 metric tons, compared to 257,100 metric tons in August, while rolled steel output stood at 137,000 metric tons, compared to 269,500 metric tons the previous month.
Thus, in just one month, steel smelting, pig iron production, and rolled steel output all fell by approximately half.
The figures provided by “Ukrmetallurgprom” reflect the output of specific types of metallurgical products in metric tons, whereas the State Statistics Service calculates the industrial production index based on a broader range of products within the relevant economic sector.
The challenges facing the metallurgical industry have implications for related sectors of the Ukrainian economy, including iron ore mining, rail transportation, the energy sector, coke production, and the scrap metal market.
The decline in steel production also limits the industry’s ability to export metal products and generate foreign exchange earnings from its operations.
Overall, industrial production in Ukraine fell by 1.9% over the first nine months of 2026, and in September, the decline accelerated to 9.2% year-over-year.
As previously reported, in 2025 the overall industrial production index fell by 1.7%, whereas in 2024 it rose by 4.7%.
Data from the State Statistics Service do not include temporarily occupied territories or parts of territories where hostilities are ongoing or have taken place.
Sources: State Statistics Service of Ukraine, data for January–September 2026; “Ukrmetallurgprom,” metallurgical industry performance results as of October 9, 2026.
Machinery and equipment production in Ukraine for January–September 2026 increased by 36.5% compared to the same period in 2025, marking one of the highest growth rates among industrial sectors, the State Statistics Service of Ukraine (Derzhstat) reported on November 3.
According to the agency, significant positive growth was also recorded in the production of computers, electronic, and optical products, where output volumes rose by 17.1%.
At the same time, the production of electrical equipment saw a 17.8% decline, indicating uneven performance across different segments of the machine-building industry.
Enterprises in the food and chemical industries also posted positive results for the first nine months. Food production increased by 2.8%, and chemical production by 2.7%, compared to the same period in 2025.
The growth in the machine-building and electronics sectors occurred against the backdrop of an overall 1.9% decline in industrial production in Ukraine over the nine-month period.
At the same time, in September 2026, industrial production fell by 9.2% compared to September of the previous year, following a 6.1% decline in August.
Thus, companies specializing in the production of machinery, equipment, and electronic products are performing significantly better than the industry as a whole.
At the same time, these indices reflect changes in physical production volumes compared to the corresponding period last year and do not allow for determining, without additional data, the absolute value of output or its share in total industrial production.
As previously reported, industrial production in Ukraine declined by 1.7% in 2025, whereas it had grown by 4.7% in 2024.
The data excludes temporarily occupied territories and parts of the country where hostilities are ongoing or have taken place.
ELECTRONICS, INDUSTRY, machine building, MANUFACTURING, UKRAINE
According to Experts.news, industrial production in Ukraine in September 2026 fell by 9.2% compared to the same month in 2025, following a 6.1% decline in August and a 1.7% decline in July, the State Statistics Service of Ukraine (Derzhstat) reported on November 3.
According to the statistics agency, industrial production in September increased by 2.7% compared to August 2026.
Overall, for January–September 2026, industrial output declined by 1.9% compared to the same period last year.
Thus, the year-over-year decline in industrial production has been accelerating for the third consecutive month. While growth of 0.3% was recorded in May and 1.1% in June, the industrial sector returned to negative growth as early as July.
At the same time, industrial production fell by 1% over the first eight months of 2026, and after factoring in September’s results, the decline deepened to 1.9%.
The most negative trend over the first nine months was observed in the metallurgical sector, where output volumes fell by 18.2%. In the production of coke and refined petroleum products, the decline was 18.1%; in the production of electrical equipment, 17.8%; and in the supply of electricity, gas, steam, and conditioned air, 16.7%.
At the same time, certain sectors showed growth. In particular, the production of machinery and equipment increased by 36.5%, computers, electronic, and optical products by 17.1%, food products by 2.8%, and chemical products by 2.7%.
Thus, Ukraine’s industrial sector is showing mixed trends: growth in certain segments of machinery manufacturing and processing is accompanied by a significant decline in production in basic industrial sectors.
As previously reported, industrial production in Ukraine declined by 1.7% in 2025, whereas in 2024, growth of 4.7% was recorded.
The State Statistics Service’s data excludes territories temporarily occupied by the Russian Federation and parts of territories where hostilities are ongoing or have taken place.
“Ukrzaliznytsia” has added six new passenger cars, manufactured at a Ukrainian plant, to its train fleet, according to a company announcement on Telegram on Saturday.
“As is customary, the new cars are equipped with powerful batteries to ensure maximum autonomy when needed. In the event of a power outage, the batteries will keep the restrooms, lighting, air conditioning, and other systems running. So even if the car continues to travel under a diesel locomotive, all amenities will remain operational for as long as possible,” Ukrzaliznytsia noted.
It did not specify exactly which cars were being referred to, but the illustration shows a compartment car.
“Every new car, in the face of enemy attacks on rolling stock, is an opportunity to keep moving,” the company emphasized.
As previously reported, as part of a state funding program, Ukrzaliznytsia has contracted for 368 passenger cars since 2021. The main supplier is PJSC “Kryukiv Railway Car Building Works” (KVZ).
In late August of this year, Ukrzaliznytsia signed a contract with KVZ for the delivery of 10 new-generation passenger cars by the end of 2029, with a total value of 1.091 billion UAH including VAT, thereby bringing the total number of cars ordered in 2026 to 102.
In late May of this year, Ukrzaliznytsia reported that approximately 1,450 passenger cars are in service, of which 933 are air-conditioned sleeper cars and 100 are high-speed train cars.
CAR, MANUFACTURING, RAILROAD, TRANSPORTATION, UKRZALIZNYTSIA
The Ukrainian Kobzarenko Group, a manufacturer of trailed agricultural equipment, has launched a new production facility in Kovel, Volyn Oblast, and plans to increase its capacity to approximately 350 machines per year by 2028.
The facility will produce equipment for handling liquid fertilizers and other liquids, including precision fertilizer applicators, mixing and filling stations, and tanks for transporting water and liquid fertilizers. The first units of equipment at the new facility have already been manufactured.
The company intends to invest approximately 40 million UAH annually in production development. As the facility reaches its planned capacity, it is expected to create about 100 new jobs.
The launch of the plant is also significant from the perspective of the geographical expansion of the Ukrainian machine-building industry. The group’s main production facilities have historically been located in the Sumy region. The company also has sites in Lipova Dolyna and Romny, and outside Ukraine, its Polish plant, Kobzarenko Sp. z o.o., manufactures equipment and simultaneously serves as a service center for the European market.
At the same time, the company continues to expand its presence in the EU. In 2026, Kobzarenko participated in industry trade shows in Romania, the Czech Republic, Slovenia, and Poland. Following the AGRA 2026 exhibition in Slovenia, the manufacturer announced negotiations to expand its dealer network in Austria and the search for a new partner in Slovenia.
Thus, the company is simultaneously developing its European sales network and increasing its production capacity in Ukraine.
The Kobzarenko Group has been operating since 1993 and specializes in the manufacture of agricultural machinery, specifically tractor trailers, grain transfer devices, tankers, fertilizer application equipment, and other machinery.
Source: Kobzarenko’s official website.
AGRICULTURAL MACHINERY, INVESTMENTS, MANUFACTURING, mechanical engineering, Кобзаренко
