Pivdenny Mining and Processing Plant, PJSC (Pivdenny Mining and Processing Plant, Kryvyi Rih, Dnipropetrovsk Oblast) increased its net profit by 73.5% in January–June of this year compared to the same period last year—to 199.318 million UAH from 114.912 million UAH.
According to the mining and processing plant’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period decreased to 8,931.263 million UAH from 12,693.475 million UAH.
Retained earnings as of the end of June 2026 amounted to 25,836.844 million UAH.
Iron ore concentrate production for the second quarter of 2026 totaled 1,913.7 thousand metric tons, while sales for this period amounted to 1,906.8 thousand metric tons.
As previously reported, in the first quarter of 2026, Pivdenny GOK saw its net loss increase 8.5-fold compared to the same period in 2025—rising to 866.813 million UAH from 100.859 million UAH. During this period, revenue from ordinary activities decreased to 3,987.535 million UAH from 6,350.714 million UAH.
In January–September 2025, Southern GOK reported a net profit of 389.930 million UAH, whereas in the same period of 2024 it amounted to 2,476.267 million UAH; revenue from ordinary activities increased by 41.3% to 19,020.077 million UAH.
The annual report for 2025 has not yet been published.
Pivdenny GOK is one of Ukraine’s leading producers of iron ore concentrate. It is engaged in the mining and beneficiation of low-grade iron-bearing quartzites to produce iron ore concentrate. The plant’s raw material base consists of quartzites from the Skelevatsky deposit, located in the central part of the Kryvyi Rih iron ore basin.
At the start of the war, Pivdenny GZK was controlled by the Metinvest Group and Lanebrook Ltd. (formerly the majority shareholder of Evraz Group, which withdrew from the group’s shareholder structure in 2018), which acquired a 50% stake in PGZK from the Privat Group (Dnipro) in late 2007.
According to the National Securities and Stock Market Commission’s data for the first quarter of 2026, Zantest Limited holds 29.8815% of the company’s shares, and Jetere Limited (both based in Cyprus and registered at the same address) holds 59.7630%.
The company’s authorized capital is 535.915 million UAH, and the par value of each share is 0.25 UAH.
