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.”
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.
Odessa Baby Food Canning Plant JSC (OKZDH) reported a net profit of UAH 7.47 million for 2025, which is 2.6 times, or 61.6%, less than the UAH 19.45 million recorded in 2024, according to the National Securities and Stock Market Commission (NSSMC).
According to management’s report, over the year the plant expanded its product line to 91 items, began producing tomato paste, and continued to develop its dairy segment under the “Nashe Moloko,” “Nashi Verkhki,” and “Nash Kokteil” brands. It also received permission to produce organic purees under the “Chudo-Chado” brand with the right to use the ‘ORGANIC’ label, certified by “Organic Standard.”
The company’s revenue in 2025 was generated primarily from the production of baby food, which accounted for 35% of revenue, or UAH 35.88 million, and from the lease of property and equipment—27%, or UAH 27.82 million. Milk processing accounted for 15% of revenue, or UAH 15.33 million.
In March 2025, the Supervisory Board approved the use of services from JSC “Credit Agricole Bank” with the provision of property as collateral. The report does not specify the amount of funds raised or their intended use.
According to the financial statements, OKZDH’s revenue in 2025 amounted to UAH 101.19 million, a decrease of 0.5% compared to UAH 101.7 million a year earlier. Assets increased by 5.6% to UAH 454.99 million, while liabilities rose by 0.8% to UAH 275.65 million. The volume of capital investments in progress decreased from UAH 227.21 million to UAH 313,000 due to the commissioning of fixed assets.
Odessa Baby Food Canning Plant JSC was founded in 1996. It serves as the primary production base for the Vitmark-Ukraine holding company. The plant specializes in the production of fruit and vegetable products, juices, and purees for baby food, as well as dairy products. Its portfolio includes the brands “Chudo-Chado,” “Mama knows,” “Vega Milk,” “Nashe Moloko,” and “Nash Sok.” The plant supplies over 50% of the Ukrainian market’s demand for fruit purees for children.
The main shareholder is the joint venture “Vitmark-Ukraine” with an 89.46% stake. Vitaliy Vinitsky and Igor Anapolsky are listed as the ultimate beneficial owners.
The aviation company FED JSC (Kharkiv) ended January-March 2026 with a net profit of UAH 17.08 million, which is 6.7 times less than the corresponding figure for January-March 2025.
According to the company’s interim report published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), its net revenue increased by 9.7% to UAH 336.6 million.
“FED” generated nearly UAH 57 million in gross profit compared to UAH 101.9 million a year earlier, while profit from operating activities decreased by 6.2 times to UAH 22.9 million.
Retained earnings as of April 1, 2026, exceeded UAH 1.5 billion. FED’s current liabilities amounted to UAH 663.1 million, while long-term liabilities stood at UAH 204.5 million.
JSC “FED” is one of Ukraine’s leading enterprises. It specializes in the development, production, maintenance, and repair of equipment for aviation, space, and general engineering applications.
The average number of full-time employees as of April 1, 2026, was 964.
In 2025, FED increased its net profit by 3.4% compared to 2024—to UAH 187.6 million—while net revenue grew 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, amounting to nearly UAH 5,150 per share. Over 98% of the shares in JSC “FED” are owned by the company’s director, Viktor Popov.
According to its annual report, agricultural holding IMC posted $67.5 million in net profit for 2025, allowing the company not only to improve on its 2024 result ($54.6 million) but also to effectively return to pre-war profitability levels.
According to the published trends in key KPIs, following a record-breaking 2021, when profit reached $75.9 million, the holding went through a period of significant decline: in 2022, a loss of $1.1 million was recorded, which deepened to $21.0 million in 2023.
The company’s consolidated revenue in 2025 amounted to $190.5 million, which is 4.8% higher than the pre-war 2021 figure ($181.7 million), although it is slightly lower than the 2024 result ($211.3 million). EBITDA reached $95.8 million in the reporting period, indicating a recovery in operating efficiency following a critical drop to $3.2 million in 2023.
The report pays particular attention to deleveraging: the holding’s total debt at the end of 2025 fell to $17.9 million, the lowest level in the past five years (in 2021 – $32.8 million, peak in 2023 – $45.7 million). The net debt-to-EBITDA ratio remains consistently negative (-0.3), while the current ratio has risen to a record 4.6.
“The group’s further development in 2026 will depend on the course of the war, but for now we are focusing on improving business efficiency by implementing the results of our own R&D department and adhering to the “IMC SMART GREEN” strategy, which involves decarbonization and investments in the acquisition of agricultural land in Ukraine,” the holding’s report states.
According to the document, in 2026, IMC plans to focus on growing three crops: corn (58% of planted area), sunflowers (23%), and wheat (19%). The company also aims to further reduce its debt burden to $10.7 million by the end of this year. In export logistics, shipments via seaports will remain a priority while maintaining a stable share of rail transport.
IMK specializes in growing grains, oilseeds, and milk production. The company cultivates approximately 120,000 hectares of land in the Poltava, Chernihiv, and Sumy regions. Currently, the agricultural holding ranks among Ukraine’s most efficient agricultural producers in terms of yield and profitability per hectare.
The IMK integrated group of companies operates in the Sumy, Poltava, and Chernihiv regions. The holding’s priority areas of activity are crop production (growing corn, wheat, and sunflowers) and grain storage. The group’s land bank is divided into five clusters and totals 115,000 hectares. IMC’s grain storage capacity is 554,000 tons. The holding company has its own fleet of trucks, grain railcars, and high-performance agricultural machinery. The group’s shares have been listed on the Warsaw Stock Exchange since May 2011. The company is ranked among the TOP 100 largest landowners in Ukraine.
First Ukrainian International Bank (FUIB, Kyiv) reported a net profit of UAH 1.38 billion for January–March 2026, down 11.3%, or UAH 174.9 million, from the same period in 2025.
According to the bank’s financial statements, its pre-tax profit in the first quarter of 2026 increased by 33.1%, or UAH 685.3 million, to UAH 2.76 billion.
FUIB’s net interest income for the reporting period increased by 32.3%, or UAH 1.28 billion, to UAH 5.25 billion, while net fee and commission income rose by 69.6% to UAH 0.91 billion.
At the same time, impairment losses in the first quarter of this year increased nearly fourfold—to UAH 0.98 billion from UAH 0.26 billion in the corresponding period of last year—while the bank’s operating expenses rose by 12.3%—to UAH 2.71 billion.
On April 15, the bank’s general meeting of shareholders approved a resolution to replenish the reserve fund by UAH 402.6 million using retained earnings, and not to distribute the remainder of the net profit for 2025.
Since the beginning of the year, PUMB’s total assets have decreased by 2.4%, or UAH 5.56 billion, to UAH 225.47 billion, while total liabilities have decreased by 3.5%, or UAH 6.99 billion, to UAH 192.47 billion.
At the same time, the bank’s equity increased by 4.5%, or UAH 1.43 billion, to nearly UAH 33.0 billion, with retained earnings reaching UAH 23.33 billion.
The financial institution’s total loan portfolio has increased by 9.8%, or UAH 9.64 billion, since the beginning of the year, reaching UAH 107.78 billion. The corporate loan portfolio grew by 9.7% to UAH 82.04 billion, while the retail portfolio grew by 10.3% to UAH 25.75 billion.
FUIB is the largest privately owned bank in Ukraine; its ultimate beneficiary is Rinat Akhmetov.
According to the National Bank, as of January 1, 2026, PUMB, with net assets of UAH 231.03 billion, ranked 5th among the country’s 60 banks, and its net profit for 2025 amounted to UAH 8.05 billion.
