Ukrzaliznytsia's losses for Q1 amount to almost UAH 8 billion

Joint-stock company Ukrzaliznytsia ended the first quarter of 2026 with a loss of about UAH 7.9 billion.

Ukrzaliznytsia announced this on its Telegram channel, Ukrainian News Agency reports.

The message states that numerous enemy attacks, a reduction in transportation volumes due to irregular work of shippers and a sharp jump in energy prices critically affected the financial indicators of Ukrzaliznytsia in the first quarter of 2026.

The first quarter of 2026 became a difficult test for Ukrzaliznytsia.

The enemy inflicted 541 attacks on railway infrastructure and rolling stock - this is half of the number of all attacks in 2025.

As a result, 1,718 railway facilities were damaged.

28 railway workers - train drivers, track workers, power engineers, wagon drivers and others - were injured in the line of duty.

It is noted that the volume of freight transportation in the first quarter of this year decreased by 6.4% - to 34.8 million tons of cargo compared to last year.

Passenger transportation in long-distance routes also decreased - to 5.8 million passengers, which is 10% less than in the same period last year.

The main reasons for this were the enemy's systematic attacks on passenger trains and railway infrastructure.

The situation was also further complicated by the increase in fuel prices against the background of the conflict in the Middle East and general market instability.

Thus, the purchase price of diesel fuel in March increased by almost 50%, while Ukrzaliznytsia remains one of the most efficient purchasers on Prozorro.

In addition, due to the massive shelling of Ukrainian energy infrastructure, the loss of part of the generating capacity and the requirement to import electricity to stabilize the situation in the country as a whole, electricity prices have jumped sharply: the cost of electricity has increased by 52%.

For Ukrzaliznytsia, this has brought additional costs of UAH 2.58 billion.

The company is exceeding the program of increasing operational efficiency by more than UAH 10.2 billion.

In particular, it is selling scrap metal at a record pace, effectively leasing out space through Prozorro, transferring non-core assets, etc.

As Ukrainian News Agency earlier reported, Ukrzaliznytsia is increasing the number of wagons and scheduling additional flights for the summer period.

In early January 2026, Ukrzaliznytsia decided to temporarily suspend coupon payments on Eurobonds issued before the full-scale invasion (in 2019 and 2021) from January 9 in order to preserve liquidity.