Ukrproduct (LON:UKR) up 10% after small £94 trade; EBRD talks still stalled

Ukrproduct (LON:UKR) up 10% after small £94 trade; EBRD talks still stalled

July 3, 2026

LONDON, July 3, 2026, 11:03 (BST)

  • Ukrproduct changed hands at 6.6355p, up 10.13%, in a single July 3 trade totaling £93.96.
  • Bids were at 5.10p, offers at 6.95p, with the spread running close to 31% of the mid-price.
  • The company’s last RNS in the feed was its June 22 final results. No update has posted since then.
  • 2025 revenue was up 14% at 42.19 million pounds, though auditors raised a material uncertainty on the company’s ability to continue as a going concern.

Ukrproduct Group Ltd (LON:UKR) jumped 10% in London Friday, but volume was light. AJ Bell showed a single trade—1,416 shares swapped at 6.6355 pence, totaling £93.96.

The spread stood out more than the price gain. AJ Bell quoted 5.10p to sell, 6.95p to buy, putting the market cap at 2.63 million pounds. With that gap, traders were looking at a 31% round-trip cost on the mid-price.

DateLatest visible tradesValue
July 31,416 shares done at 6.6355p£93.96
July 2Three trades listed£117.94
July 175,000 shares at 6.95p£5,212.50

The London Stock Exchange opened as usual on Friday, running from 0800 to 1630 London time. TradingHours There was no fresh company news behind the July 3 move. Investegate’s Ukrproduct RNS feed still showed June 22 final results as the last filing, following a May 28 operations update.

The market priced Ukrproduct with lender risk still outweighing the balance sheet. Revenue for 2025 came in at 42.19 million pounds, up 14%. Gross profit dropped 4.8% to 6.78 million as cost of sales outpaced revenue increases. EBITDA was up 54.2% to 2.6 million pounds. Net loss narrowed to 170,000 pounds from 2.04 million pounds.

Metric20252024
Revenue£42.19 mln£37.08 mln
Gross profit£6.78 mln£7.12 mln
Net loss£0.17 mln£2.04 mln
Cash£0.098 mln£0.120 mln
Total liabilities£14.99 mln£13.94 mln

Interim non-executive chairman Rinat Abdrasilov said 2025 will be the group’s fourth year of running operations in full-scale war. He said factory power outages hit as much as 14 hours a day. Chief Executive Oleksandr Slipchuk said liquidity is still tight.

Ukrproduct’s auditor flagged the company’s net current liabilities, no formal debt restructuring with the European Bank for Reconstruction and Development, low cash, and war exposure in Ukraine. The auditor said these factors bring material uncertainty about whether the group can keep operating as a going concern.

The price-to-sales ratio doesn’t say it all here. Investing.com lists revenue at 42.19 million pounds against a market cap of 2.63 million pounds, putting the market-cap-to-sales ratio near 0.06. Shares outstanding are 39.67 million, with volume around 1,420 shares.

The filing lists the next big date as the annual general meeting, which will be held Aug. 10 in St Helier, Jersey, at 11:00 p.m. London time. Ukrproduct said it’s still in talks with the EBRD about restructuring, and capital spending will only go to essential safety and maintenance.

Marcin Frąckiewicz

Marcin Frąckiewicz is the CEO of TS2 Space and a longtime technology entrepreneur focused on telecommunications, satellite communications and digital innovation. A graduate of the Warsaw School of Economics (SGH), he writes about space technology, artificial intelligence and publicly traded technology companies. His analysis covers major market trends, emerging technologies and the businesses shaping the future of the global economy.

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