Mykolaivvodokanal is heading into a deep deficit: losses may exceed UAH 665 million

KP “Mykolaivvodokanal” forecasts at least 665 million hryvnias in losses in 2026. One of the company’s main problems now is a shortage of funds. This was reported during the “Dialogue” program on the MART TV channel by the director of KP “Mykolaivvodokanal”.

According to him, the financial plan for 2026 already includes losses of 665 million hryvnias, but this amount may rise due to the increase in fuel and electricity costs. Hennadiy Izyumov explained that the company will have to look for sources to cover this deficit:

“One of the main problems is a shortage of funds. According to the 2026 financial plan, we have planned losses of 665 million hryvnias. These funds need to be raised somewhere. This is a planned deficit that, by the end of the year, will probably increase. Because fuel prices have risen, the cost of electricity will go up. We can’t escape that.”

Another painful issue remains consumer debts. As of May 1 accounts receivable owed to the company reached almost 258 million hryvnias.

According to the director of the water utility, this is partly related to the war, people leaving the city and the absence of regular payments.

“In addition, accounts receivable as of May 1 are almost 258 million hryvnias. This is also connected, among other things, with the war, the absence of people who have left, and the lack of payments,” — said Hennadiy Izyumov.

The financial problems of “Mykolaivvodokanal” accumulated over more than one year. The company has previously reported a deep crisis, systemic management inefficiency and a projected loss for 2026 at the level of 667.4 million hryvnias.

Separately, a debate is ongoing in the city about the real cost of water supply. Earlier, the head of the Mykolaiv OVA Vitaliy Kim said that an economically justified water tariff could be about 90 hryvnias per cubic meter, while for people the prospect of tariff increases remains extremely painful.

As a reminder, we wrote:

• Mykolaivvodokanal will raise employees’ salaries by 30%
• Mykolaivvodokanal: 4 years of crisis, 2026 loss of 667.4 million UAH, 57% of staff are afraid to expose abuses
• The treatment plants are still not operating, and silt has risen from the riverbed — “Mykolaivvodokanal” explains the terrible condition of the tap water
• Vitaliy Kim: the water tariff should be 90 UAH per cubic meter
• “It will be flushed soon”: in Mykolaiv residents are again asked to tolerate the water quality for another 1–2 weeks