Business news from Ukraine

Business news from Ukraine

In 2025, BCHP increased its net profit to 281.8 mln UAH

PJSC “Scientific and Production Center ”Borshchahivsky Chemical and Pharmaceutical Plant” (BCPP) increased its net profit by 2.96% to UAH 281.788 million in 2025.

According to the company’s website, BCHP increased its production of pharmaceutical products by 16% in 2025, reaching 37.4 million packages worth UAH 2.481 billion.

According to the company, total sales of finished products and goods in 2025 amounted to 43.8 million packages, which is 6.9% more than in 2024.

In addition, the company reported that in 2025, BHFZ exported products worth UAH 307 million, accounting for 13.7% of total sales.

BHFZ exported its products to countries in Eastern and Western Europe, the Baltic states, the Caucasus, Central Asia, and other distant foreign markets, as well as to countries within the CIS.

Net sales revenue for 2025 amounted to UAH 2.259 billion, which is 7.9% more than the previous year.

BHFZ forecasts an 18% increase in net sales revenue for 2026 compared to 2025. Annual growth during 2027–2028 is expected to be 13%

The company also reported that in 2025, BHFZ was developing 12 drugs in four dosage forms; one clinical trial was completed, and preparations are underway for two more clinical trials.

Additionally, BHFZ completed the registration process for one drug in Ukraine and seven abroad.

In total, in 2025, BHFZ registered four finished pharmaceutical products and five APIs. One drug was submitted for registration in CIS countries, and four drugs were registered in countries outside the CIS.

The company noted that BHFZ is striving to maintain retail prices at pre-war levels and has adjusted its product portfolio to account for wartime conditions; it has also managed to maintain the continuity of supply chains.

In addition, the BHFZ Group has created the necessary reserve of production stocks and raw materials, which is constantly updated, to ensure uninterrupted production throughout 2026.

As reported, BHFZ is seeking to recover UAH 50.7 million in damages from the Russian Federation for the destruction and damage of property resulting from armed aggression, specifically the destruction and damage of property caused by a rocket attack on July 31, 2025.

The court accepted the statement of claim for consideration and opened proceedings in the case. As part of the investigation, an expert assessment was conducted, according to which the amount of direct (actual) damages caused to BHFZ as a result of the loss, destruction, or damage to property (fixed assets and inventory according to the lists) in connection with the armed aggression of the Russian Federation (as a result of the explosion and fire on July 31, 2025) amounts to UAH 50,760,894, which, at the NBU exchange rate as of the date of the assessment (July 31, 2025), is equivalent to $1,215,358.

Currently, the shareholders of BHFZ are the pharmaceutical company PJSC “Pharmaceutical Firm ‘Darnitsa’ (Kyiv), which owns 31.8% of BHFZ’s shares; other shareholders include ”Beldor Group“ (21.26%) and ”Lenik Group” (20.32%) .

The ultimate beneficiaries of BHFZ are the beneficiaries of the pharmaceutical company “Darnitsa”: Gleb Zagoriy, Yevgen Sova, Tetiana Artemenko, Mykola Bezpalko, and Oleg Goloborodko.

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“Shuvar” increased its gross profit to 158.8 mln UAH

Shuvar LLC (Lviv), which operates the Lviv agricultural market of the same name, reported a net profit of 136.4 million UAH for 2025, a 49% increase over the previous year.

According to the company’s annual report, published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), pre-tax profit amounted to UAH 168.3 million.
As noted in the financial report, the company’s gross profit increased by 21.5% compared to the previous year, reaching UAH 158.8 million. Net revenue rose by 10.1% to UAH 305.4 million.

Shuvar LLC’s retained earnings in 2025 grew by 10.7% to UAH 566.8 million. The company’s current liabilities as of the end of 2025 decreased by 38.3% to UAH 88.6 million, while long-term liabilities decreased by 3.3% to UAH 120.4 million. The company’s assets in 2025 grew by 1.4% to UAH 796.8 million.
According to data from the YouControl analytical system, the owners of Shuvar LLC are Regional Agricultural and Marketing Center “Shuvar” LLC (85%), Agricultural Products Market “Shuvar” LLC (10%), and Tetiana Ambroskina (5%). The ultimate beneficiaries are listed as Andriy Chipchar and Roman Fedyshyn.

“Shuvar” is the largest wholesale agricultural market in Lviv, in western Ukraine. The market covers a total area of over 20 hectares and has 480 permanent tenants. It is a member of the World Organization of Wholesale Markets. On average, 1.4 million vehicles enter the market grounds each year. The market is part of the “Shuvar” group of companies, managed by Shuvar LLC.

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OTP Bank’s net profit fell by 16.2% in first quarter

OTP Bank (Kyiv) reported nearly UAH 1.0 billion in net profit for January–March 2026, which is 16.2%, or UAH 0.19 billion, less than in the same period of 2025.

In the first quarter of 2026, the financial institution’s pre-tax profit amounted to UAH 1.99 billion, which is 25.4%, or UAH 0.40 billion, more than in the first quarter of 2025.

OTP Bank’s net interest income for the reporting period increased by 22.6%, or UAH 0.51 billion, to UAH 2.77 billion, while net fee and commission income rose by 18.0%, or UAH 49.4 million, to UAH 0.32 billion.

It is noted that in the first quarter of 2026, the bank’s profit from foreign currency transactions increased threefold to UAH 164.6 million, while the loss from foreign currency revaluation amounted to UAH 77.7 million, compared to a profit of UAH 249.0 million in the first quarter of 2025.

At the same time, OTP Bank recorded UAH 139.2 million in net profit from transactions with financial instruments measured at fair value in January–March of this year, compared to a loss of UAH 278.6 million for the same period in 2025, while impairment losses increased 2.1-fold—to UAH 322.2 million from UAH 151.0 million.

At the same time, the bank’s employee compensation expenses rose by 25.6% to UAH 644.4 million, while other administrative and operating expenses increased by 23.5% to UAH 208.4 million.

Since the beginning of the year, the bank has increased its loan portfolio by 8.5%, or UAH 3.86 billion, to UAH 49.38 billion. The bank’s total assets decreased by 2.5%, or by UAH 3.43 billion, to UAH 132.56 billion, while total liabilities decreased by 4.1%, or by UAH 4.55 billion, to UAH 105.46 billion.

The bank’s equity increased by 4.3%, or UAH 1.12 billion, during this period—to nearly UAH 27.1 billion, of which retained earnings amounted to UAH 18.65 billion.

According to the National Bank, as of January 1, 2026, with total assets of UAH 141.72 billion, OTP Bank ranked 10th among Ukraine’s 60 banks, and its net profit for 2025 amounted to UAH 5.45 billion.

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“Alumash” May Allocate Over 72% of Its Annual Profit to Dividends

PJSC “Dniprovsky Plant ”Alumash,” a manufacturer of aluminum profiles, intends to allocate UAH 10 million of its net profit for 2025 to dividends.

According to information submitted by the company to the NSSMC’s disclosure system, this matter has been added to the agenda of the annual general meeting of shareholders scheduled for June 9 of this year.

It is proposed to distribute the profit earned from the company’s financial and operational activities in 2025, amounting to UAH 13,730,408, as follows: dividend fund – UAH 10,132,000, which constitutes 72.84% of the company’s profit earned in 2025. To retain UAH 3,729,088 in profit (27.16% of the profit earned).

It is also proposed to approve the conclusions of the audit report by the audit firm Garant-Audit LLC, draw conclusions, and approve measures based on the results of the review of the audit report.

The draft resolutions, copies of which are available at the Interfax-Ukraine agency, propose paying dividends to the company’s shareholders at a rate of UAH 6,440 per ordinary registered share of the private joint-stock company. Approve the resolution on the payment of dividends for 2025 in the total amount of UAH 10 million. The dividend payment period begins on July 1 and ends on December 8, 2026, inclusive. Dividends will be paid directly to shareholders.

PJSC “Dniprovsky Plant ”Alumash” was registered in July 1997. It manufactures aluminum profiles using Italian equipment, including general-purpose profiles and TECNO building profile systems under license from the Italian company S.L.L. SPA.

According to data from the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2024, the company’s CEO, Oleksandr Danchenko, owns 6.5035% of the company’s shares; his father, Oleg Danchenko, owns 28.3323%; Mykhailo Senektutov holds 19.253%, Ivan Sosnovsky holds 14.295%, and Igor Levin holds 14.231%.

At the same time, the company’s 2024 report lists four individuals (without disclosing their full names) as major shareholders, holding stakes of 34.836%, 19.253%, 14.295%, and 14.231%, respectively.

The authorized capital of the private joint-stock company is UAH 19.95 million.

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Hydrosila JSC ended 2025 with net profit of UAH 0.38 mln

JSC “Hydrosila,” a leading Ukrainian manufacturer of gear pumps and hydraulic motors, ended 2025 with a net profit of UAH 0.38 million, whereas in 2024, the loss amounted to nearly UAH 16 million.

According to the company’s annual report in the NSSMC’s disclosure system, its net revenue decreased by 8.8% to UAH 346.4 million.

The company’s gross profit exceeded the 2024 figure by 46.3%—reaching UAH 47.3 million—while the company incurred a loss of UAH 0.19 million from operating activities (compared to nearly UAH 22 million in 2024).

The report notes that approximately 65% of sales are exported, with priority given to markets in the European Union, Southeast Asia, and South America.

“The company’s strategy in 2025 was to maintain its market share, supply the market with products in demand by both regular and new customers amid martial law. The company’s operations are somewhat affected by seasonal factors—work volume increases during the spring and summer,” the report states.

The company’s products (pumps) are designed to deliver working fluids (mineral oils) to the hydraulic systems of cars and buses, control drives for agricultural and industrial tractors, self-propelled agricultural machinery, road, municipal, and other vehicles, excavators, bulldozers, dump trucks, and telescopic loaders, as well as for large-capacity hydraulic drives for general industrial use.

The average headcount at “Hydrosila” in 2025 was 327 employees.

The company notes that the payroll in 2025 decreased by 17.7%, which is attributed to “Russia’s full-scale aggression, the mobilization of the company’s employees into the ranks of the Armed Forces of Ukraine, and the reduced working hours of the company’s employees under the conditions of the imposed martial law.”

JSC “Hydrosila” is part of businessman Pavel Shtutman’s “Hydrosila Group.”

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KSG Agro Increased Its Net Profit 5.4-Fold in 2025

According to its annual report filed with the Warsaw Stock Exchange, the agricultural holding company KSG Agro increased its net profit 5.4-fold in 2025 compared to 2024, reaching $4.23 million.

According to the document, the agricultural holding’s revenue for the past year decreased by 14.3% to $18.92 million. The company’s gross profit grew 2.1-fold to $3.62 million, while operating profit increased 2.2-fold to $6.40 million. Pre-tax profit stood at $4.23 million, compared to $0.79 million a year earlier. Basic earnings per share rose from $0.05 to $0.28.

At the same time, cash flow from the agricultural holding’s operating activities in 2025 decreased by 18.4 times to $0.22 million, compared to $4.11 million in the previous year. Net cash flow from investing activities amounted to a negative $1.30 million, while expenditures on the acquisition of fixed assets increased 1.7-fold to $1.62 million. Cash and cash equivalents at the end of the year decreased to $21,000 compared to $575,000 at the beginning of the reporting period.

The holding’s equity increased 2.5-fold during the reporting period to $8.94 million. The company’s total income, which includes net profit and a positive foreign exchange gain of $1.01 million, amounted to $5.24 million compared to $0.68 million in 2024. Retained losses for the year decreased from $25.90 million to $21.67 million.

The company’s net financial debt, excluding lease obligations, as of December 31, 2025, was $14.41 million, compared to $13.75 million at the end of 2024. The holding’s total assets increased by 38.6% to $41.97 million, primarily due to an increase in the value of inventories and agricultural products.

According to the report, KSG Agro optimized its asset structure in 2025 through the divestiture of two Ukrainian companies—Agro-Torgovy Dom Dniprovsky LLC and Skorpio Agro LLC—and initiated the liquidation of KSG Energy Group LTD.

Serhiy Kasyanov remains the ultimate beneficiary of the holding company, owning 47.83% of the shares through Olbis Investment LTD SA, while 47.57% of the securities are in free float on the Warsaw Stock Exchange.

“KSG Agro” is a vertically integrated holding company engaged in pig farming, as well as the production, storage, processing, and sale of grain and oilseed crops. The company’s land bank in the Dnipropetrovsk and Kherson regions totals approximately 21,000 hectares. The agricultural holding is among the top five pork producers in Ukraine.

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