One of the largest Ukrainian drone manufacturers, TAF Industries, generated about $1 billion in revenue last year, equivalent to over 40 billion hryvnias. The company plans to surpass this financial result in 2025. This was reported by Volodymyr Zinovsky, Deputy Director of TAF Industries.
According to him, the company has not yet disclosed the exact amount of annual revenue, but it is already clear that it will be higher than the previous year’s figure, which was approximately $1 billion.
Commenting on the revenue structure, Zinovsky noted that a significant part of the revenue is provided by BraveTech, a company that is part of the TAF Industries holding and sells components for drones.
“We supply components not only for themselves, but also for most large manufacturers. Previously, it was only FPV drones, now we also supply to manufacturers of reconnaissance aircraft, shock wings, etc., — emphasizes the deputy director of the company.
He also explained that the key customer of TAF Industries remains the state. Cooperation takes place in several formats — through large centralized contracts, as well as through direct sales to military units for budget funds. The company also works with charitable foundations, but the volumes of such contracts are significantly inferior to state ones.
Zinovsky said that TAF Industries grew out of the charitable foundation “Wave-91”, founded by Odessa resident Oleksandr Yakovenko at the beginning of the full-scale invasion. The turning point for the company was the first major state contract – about 2 billion hryvnias for the supply of more than 100 thousand drones, after which the fund was transformed into a full-fledged defense holding.
Answering the question of why the state then entrusted the company with such large-scale orders, Zinovsky noted that there were practically no alternatives. According to him, at that time there was an urgent need for drones, available financing and a request to all manufacturers who were already operating on the market and were ready to quickly scale up production.
“We were worried because we did not have experience with such volumes, the state also took a risk. But it was ambition and a willingness to take responsibility that allowed us to quickly expand production in 2023”, he claims.
