Business news from Ukraine

Business news from Ukraine

“Cherkasy Bus” reported profit of UAH 1.33 mln in first quarter

Cherkasy Bus JSC ended the first quarter of this year with a net profit of UAH 1.33 million, whereas for the same period in 2025, the company reported a loss of nearly UAH 3 million.

According to the interim report published in the NSSMC’s disclosure system, net sales revenue increased by 3% compared to January–March 2025, reaching UAH 240 million.

The plant increased its gross profit by 34% to UAH 39 million, with operating profit growing 2.6-fold to UAH 5 million.

According to the report, in the first quarter, “Cherkasy Bus” manufactured 102 buses worth UAH 295.2 million and 59 trucks worth UAH 98.2 million, while selling 69 buses worth UAH 205.1 million and 17 trucks worth UAH 34.3 million.

The company’s plans, as outlined in its annual report, call for the production of 385 Ataman buses, the assembly of 300 Isuzu trucks, and 302 Isuzu pickups this year (in line with plans for 2025).

At the same time, last year the plant actually reduced bus production by 8% compared to the previous year—to 391 units—and truck production by 1.9% (by 6 units), to 315 units. A total of 393 buses (7.5% fewer) and 240 trucks (24.8% fewer) were sold.

Annual production volume increased by 12.7% overall—to 1.763 billion UAH.

This year, the plant plans to invest 35.8 million UAH in development, specifically in the purchase of technological, transport, and power equipment, the modernization and repair of equipment, production and office facilities, and the improvement of the plant’s grounds.

In 2026, the plan is to begin production of 2- and 3-axle FTS 34 trucks, special-purpose and specialized vehicles on NPR, NQR, FSR, and D-MAX chassis, as well as A092 and A093 buses using Euro 6-compliant chassis.

“Currently, two-thirds of the company’s production consists of orders from the public sector,” the report states.

Founded in 1994, the “Cherkasy Bus” plant manufactures Ataman small-class buses (including city, suburban, school, and specialized models), as well as other wheeled vehicles based on Japanese Isuzu components, specifically, through the large-assembly method for Isuzu trucks with a payload capacity of 3 to 18 tons (dump trucks, fire trucks, emergency repair vehicles, aerial work platforms, and vehicles with superstructures—for Ukrposhta, local communities, and the State Border Guard Service).

It also manufactures Isuzu pickups for the National Police, the State Emergency Service, the State Border Guard Service, forest patrols, and energy and gas companies.

The plant ended 2025 with a net profit of nearly 83 million UAH—32% less than in 2024—amid a slight decline in net revenue to 1.733 billion UAH. It did not plan to pay dividends.

As of the beginning of this year, the company employed 374 people—33 fewer than at the start of 2025—and the average monthly salary for the year increased by 25.5% to 35,750 UAH.

,

Ukrposhta Reports UAH 106.3 Mln in Profit Over 4 Months

The state-owned company Ukrposhta reported a total profit of UAH 106.3 million for January–April, with EBITDA of UAH 122.9 million, the company’s CEO Ihor Smiliansky announced on Facebook on Monday.

“EBITDA (operating profit)—a measure of the core business’s performance—improved from a negative 13.6 million UAH to a positive 122.9 million UAH. And this is without taking into account the sale of assets. It consists solely of operating income,” he noted.

According to the CEO, the company’s equity reached UAH 2.3 billion without additional budget funding.

“So, who doesn’t have the cards, and who holds the trump cards right now?” Smiliansky concluded in a remote discussion with Andriy Pyshnyy, Governor of the National Bank of Ukraine, regarding Ukrposhta’s financial capacity to “restore and accumulate capital through operating activities” and obtain a banking license.

As reported, Ukrposhta posted a net loss of 204.8 million UAH for January–March 2026, which is 1.1 million UAH, or 0.5%, higher than in the same period of 2025, while its revenue grew by 1.1% to 13.11842 billion UAH.

The company’s equity in the first quarter of this year decreased from UAH 2.208 billion to UAH 2.003 billion.

In April of this year, Ukrposhta received UAH 461.5 million for its building, the former sorting center near the railway station in Lviv, which was purchased by the Eurotek Invest fund owned by Mykhailo Veselskyi, the owner of the Arsen supermarket chain.

,

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.

,

“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.

,

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.

,

“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.

, ,