Business news from Ukraine

Business news from Ukraine

EVA’s owner’s revenue for first half of year rose by 21% to 18 bln hryvnia

Rush LLC, the owner of the EVA chain in Ukraine, reported a 21.4% increase in net revenue for January–June 2026 compared to the same period in 2025—to 18 billion UAH—while net profit rose by a quarter to 674.5 million UAH.

According to the company’s filing in the disclosure system of the National Securities and Stock Market Commission, its gross profit in the first half of 2026 grew by 26.8% to 6.5 billion UAH.
Rush’s retained earnings increased by 0.7% to 5.9 billion UAH, long-term liabilities rose by 19.6% to 5.3 billion UAH, and short-term liabilities increased by 1% to 8.1 billion UAH. Rush’s assets increased by 5.2% to UAH 20.2 billion.

As of June 30, 2026, Rush LLC had issued long-term unsecured Series “H” and “G” series unsecured bonds with a face value of 500 million UAH maturing in 2027, as well as “I” series bonds with a face value of 500 million UAH maturing in May 2030, with potential call options in May 2026 and 2028.
As noted in the report, as of June 30, 2026, the EVA chain had 1,185 stores in various regions of Ukraine. Since the beginning of the year, the company has opened 27 new retail locations.

As previously reported, the EVA chain’s distribution center in Brovary (Kyiv Oblast) was damaged as a result of a Russian attack on August 18.
Rush LLC was founded in 2002. According to the YouControl analytics system, the company’s owner is listed as the Cypriot firm Incetera Holdings Limited (100%), with Ruslan Shostak (through the Cypriot company Mitali Holdings Ltd) and Valeriy Kiptyk (through the Cypriot company Kingsbarns Holdings Limited) as the ultimate beneficiaries.

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“Monomakh” Increased Revenue by 21.9% to 1.51 Bln UAH in First Half of Year

Tea and coffee producer Monomakh PJSC (Kyiv Oblast) increased its revenue by 21.9% to 1.51104 billion UAH in January–June 2026, but saw its net profit decline by a factor of 3.4 to 24.43 million UAH.

According to the company’s semi-annual report filed with the National Securities and Stock Market Commission (NSSMC)’s disclosure system, gross profit rose by 29.2% to 484.75 million UAH, while operating profit fell by 41.6% to 84.4 million UAH.
The company’s assets for the first half of the year decreased by 6% to 1.7752 billion UAH, equity by 5.7% to 609.87 million UAH, and total liabilities by 6.1% to 1.16534 billion UAH.

According to the report, revenue in the second quarter rose by 18.0% to 685.42 million UAH, while net profit fell 2.8-fold to 9.52 million UAH.
The company specified that in the second quarter it produced and sold 1.39 thousand metric tons of products, with export revenue accounting for 11% of total sales.

PJSC “Monomakh” was founded in 2000. It produces packaged tea and coffee products under the LOVARE, “Monomakh,” “Three Elephants,” “Tea Masterpieces,” “KAIF,” Ferrara, and “Coffee Masterpieces” brands. The average number of employees is 567. The ultimate beneficial owner is Taras Barabash.
In 2025, the company increased its revenue by 22%—to 2.77 billion UAH—but saw its net profit decline by 40%—to 181.84 million UAH.

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Ukraine’s top 10 banks accounted for 88% of the banking system’s profit

Ukraine’s ten most profitable banks accounted for 47.68 billion hryvnias, or 88 per cent of the entire banking system’s net profit, in the first half of 2026, according to the Experts Club information and analysis centre, based on data from Opendatabot and NBU statistics published on 19 August.

The total net profit of 59 Ukrainian banks amounted to UAH 54.07 billion. The top 10 included three state-owned banks, five banks with foreign capital, and two banks with Ukrainian private capital.

The ranking was topped by PrivatBank with UAH 24.56 billion in net profit. Universal Bank, on whose platform monobank operates, ranked second with UAH 3.85 billion, while Raiffeisen Bank placed third with UAH 3.57 billion. They were followed by Oschadbank with UAH 3.38 billion, FUIB with UAH 3.12 billion, Ukreximbank with UAH 2.24 billion, OTP Bank with UAH 1.91 billion, Ukrsibbank with UAH 1.85 billion, Citibank with UAH 1.68 billion, and Credit Agricole Bank with UAH 1.53 billion.

At the same time, Universal Bank became one of the few leaders to significantly improve its result: its profit increased from UAH 2.41 billion in the first half of 2025 to UAH 3.85 billion in 2026. PrivatBank, Oschadbank, Raiffeisen Bank, FUIB, Ukreximbank, and most other top-10 banks posted lower net results, largely due to the increased tax burden.

Thus, the Ukrainian banking market remains highly concentrated in terms of profit: nearly nine out of every ten hryvnias of the sector’s net financial result were earned by just ten institutions.

The primary source is Opendatabot, dated August 19, 2026, with calculations based on data from the National Bank of Ukraine.

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Ukrainian banks earned UAH 54 billion in net profit in the first half of 2026

Ukrainian banks earned UAH 54.07 billion in net profit in the first half of 2026, while their pre-tax profit reached UAH 108.57 billion, the Experts Club information and analytical center reports, based on Opendatabot calculations and data from the National Bank of Ukraine. The material was published on August 19, 2026.

Banks’ income tax expenses amounted to UAH 54.5 billion, thereby exceeding half of the financial result earned before taxation. During the same period last year, banks accrued UAH 21.99 billion in tax.

In its review of the results of solvent banks, the National Bank also reported that the sector’s net profit in the first half of the year amounted to about UAH 54 billion and was 32% lower year-on-year. One of the main reasons was the application of an increased 50% corporate income tax rate for banks in 2026.

At the same time, the banking sector’s operating profitability remains high. According to the NBU, the pre-tax profit of solvent banks in the first half of the year increased by 6.5% compared with the corresponding period of 2025.

In 2025, banks paid corporate income tax at the standard sector rate of 25%, but in 2026 the rate was raised again to 50%. The NBU has repeatedly warned that increased taxation reduces banks’ ability to build up capital and expand lending to the economy.

The primary sources are NBU data and the Opendatabot study dated August 19, 2026.

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Universal Bank and PUMB accounted for 72% of profits of Ukraine’s privately owned banks

Banks with Ukrainian private capital earned 9.7 billion UAH in net profit during the first half of 2026, with just two banks—Universal Bank and PUMB—accounting for approximately 72% of this group’s total profit, according to data released on August 19 by Opendatabot.

Universal Bank, under whose banking license monobank operates, earned 3.85 billion UAH, while PUMB earned 3.12 billion UAH. Both institutions ranked among the top five most profitable banks in Ukraine for the first six months of the year.

Universal Bank significantly improved its performance compared to the same period in 2025, when its net profit was 2.41 billion UAH. The bank rose from ninth to second place in the all-Ukrainian profitability ranking.

In total, 30 profitable privately owned banks earned 9.86 billion UAH, while nine unprofitable institutions in this group posted a combined net loss of 161.78 million UAH. Privately owned banks’ income tax expenses totaled 9.87 billion UAH.

By comparison, 15 banks with foreign capital generated 11.91 billion UAH in net profit, or 22% of the entire banking system’s total profit. Among them, Raiffeisen Bank posted the highest profit in the first half of the year—3.57 billion UAH—followed by OTP Bank with 1.91 billion UAH, UkrSibbank with 1.85 billion UAH, Citibank with 1.68 billion UAH, and Credit Agricole Bank with 1.53 billion UAH. All five made it into the overall top 10.

Of the 15 banks with foreign capital, 13 ended the first half of the year with a profit. Pravex Bank and the transitional bank UTE Bank posted a combined loss of about 43 million UAH.

 

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“Podillya Food Company” Increased Its Net Profit by 42% in the First Half of the Year

In the first half of 2026, PJSC “Podillya Food Company” increased its net profit by 42.4% compared to the first half of 2025, reaching 587.25 million UAH.

As the company reported in the National Securities and Stock Market Commission’s (NSSMC) disclosure system, it increased its revenue 2.4-fold to 2.48 billion UAH.
According to the report, gross profit rose 4.1-fold to 541.74 million UAH, while operating profit increased by 44% to 710.91 million UAH.

Since the beginning of the year, the company’s assets have increased by 0.8% to 9.46 billion UAH, while equity rose by 12.4% to 5.34 billion UAH, including retained earnings, which increased by 12.4% to 5.33 billion UAH.
The company’s current assets increased by 5.3% over the first half of the year to 6.36 billion UAH; specifically, trade and other current receivables rose by 2% to 3.36 billion UAH, while total liabilities decreased by 11% to 4.12 billion UAH.

According to the report, in the second quarter of 2026, “Podillya Food Company” continued to invest in the acquisition, modernization, and maintenance of fixed assets—including production equipment, vehicles, infrastructure facilities, and auxiliary equipment. Specifically, the company acquired new agricultural machinery—including mineral fertilizer spreaders, a generator, and seed cleaning equipment—as well as a disc harrow; for its dairy operations, it purchased a new cooling panel and a milk pasteurizer.

Going forward, “Podillya” plans to focus on increasing the yield of sugar beets and grain crops using precision farming technologies, specifically variable-rate fertilizer application and GPS-monitored machinery. The company is also considering expanding its portfolio of leased land and upgrading its fleet of agricultural machinery with energy-efficient models.
In addition, “Podillya” is analyzing the possibility of investing in a production line for granulated beet pulp and molasses, which will allow the company to diversify its revenue streams and ensure zero-waste production.

In the livestock sector, “Podillya” plans to gradually increase the size of its dairy herd and replace low-productive animals with breeding stock possessing high genetic potential. Plans also include the renovation of barns and the automation of feeding processes to increase average daily milk yields.

PJSC “Podillya Food Company” is part of the “Ukrprominvest-Agro” agricultural holding. It owns a land bank of 51,000 hectares. It specializes in growing sugar beets, wheat, corn, and barley, as well as in swine farming (21,000 head), and maintains a herd of 3,000 head of cattle. It has a grain storage facility with a capacity of approximately 60,000 metric tons. The company employs 5,500 people.

“Ukrprominvest-Agro” is engaged in crop cultivation, sugar and flour production, and meat and dairy livestock farming. The group’s land bank exceeds 116,500 hectares. The agricultural holding is located primarily in regions that have not been invaded by Russian occupiers.
The group’s sugar business consists of two sugar factories in the Vinnytsia region. Total grain storage capacity for agricultural crops is 120,000 metric tons.

“Ukrprominvest-Agro” comprises “Agroprodinvest Group” LLC, “PK Podillya” PJSC, PK Zorya Podillya LLC, Vinnytsia Bakery Products Plant No. 2 LLC, Dniproagrolan Agricultural Farm, Ivankivtsi Agricultural Farm, Mas-Agro LLC, Pravoberezhne LLC, and Progress-NT LLC.
Since December 2019, the agricultural holding has been owned by Oleksiy Poroshenko, the son of the former president of Ukraine.

In 2025, the “Podillya” Food Company saw its revenue decrease by 39.5%—to 3.18 billion UAH—and its net profit decrease by 36.1%—to 698.8 million UAH.

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