HTZ to hold shareholders' meeting to approve results for 2022–2024
Ринки 24.02.2026 12:27
According to Fixygen, Kharkiv Tractor Plant (HTZ), part of businessman Oleksandr Yaroslavskyi's DCH group, has announced a general shareholders' meeting to review its performance in 2022-2024, with plans to approve a procedure for covering losses incurred.
According to the announcement of the meeting on March 27, it is planned, in particular, to approve the reports of the CEO and the supervisory board (SB) on the company's activities in 2022-2024, approve the audit reports, and terminate the powers and elect a new composition of the SB.
The draft decision of the meeting states that the losses incurred during these years are planned to be covered by profits from economic activities in future periods.
The report does not provide financial performance indicators for KhTZ in 2022-2024. According to YouControl, in 2022, the plant incurred losses of UAH 50 million and net income of UAH 123 million (compared to UAH 138.3 million and UAH 476 million, respectively, a year earlier), in 2023 – UAH 14.6 million in net profit and UAH 199.2 million in net income, and in 2024 – UAH 359 million in losses and UAH 300 million in net income.
As reported, on July 23, 2025, the Commercial Court of Kharkiv Region opened a preventive restructuring procedure for the private joint-stock company Kharkiv Tractor Plant (PJSC HTZ).
The company requested the opening of the procedure due to financial difficulties. HTZ has total creditor debt of UAH 2.29 billion, which it is unable to repay, indicating an unstable financial situation.
In December of the same year, a preventive restructuring plan was approved, which provides for the repayment of debts within three years and three months (until March 17, 2029).
Kharkiv Tractor Plant has been manufacturing tractors since 1931 and was acquired by Alexander Yaroslavsky's DCH group in 2016. In 2023, with the support of the UN World Food Programme and the Swiss Foundation for Mine Action (FSD Ukraine), HTZ developed, certified, and launched the production of a demining machine based on the T-150 crawler tractor.
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