Pivdenny Mining and Processing Plant, PJSC (Pivdenny Mining and Processing Plant, Kryvyi Rih, Dnipropetrovsk Oblast) increased its net profit 6.3-fold in January–September of this year compared to the same period last year—to 2 billion 438.154 million UAH from 389.930 million UAH.
According to the mining and processing plant’s interim report, available to the Interfax-Ukraine news agency, profit in the third quarter amounted to 2,238.836 million UAH.
Over the first nine months of 2026, revenue from ordinary operations decreased to 10,463.897 million UAH from 19,020.077 million UAH.
Retained earnings as of the end of September 2026 totaled 28,023.609 million UAH.
Iron ore concentrate production for the third quarter of 2026 totaled 520 thousand metric tons, valued at 1 billion 81.873 million UAH, while sales for this period amounted to 757.9 thousand metric tons, valued at 1 billion 464.855 million UAH.
The report notes that, as of today, the Russian Federation’s military aggression prevents the company from conducting its production and business operations to their full extent; consequently, the level of investment remains significantly lower than in the pre-war period, and the implementation of some investment projects has been suspended. and the company’s long-term development program through 2030—which was developed and approved in 2021—has been revised to focus on supporting existing production capacities, maximizing the preservation and extending the service life of existing equipment, and continuously seeking operational improvements to reduce overall operating costs.
At the same time, it is noted that, based on the priority areas of environmental policy, JSC “PIVDGZK” is continuously developing and implementing a range of measures to protect the natural environment. For 2026, the comprehensive plan of environmental protection measures calls for the implementation of 51 measures. The actual amount of funding for the third quarter of 2026 for completed measures totaled 37.781 million UAH.
The average number of full-time employees on the payroll in the third quarter of 2026 was 3,910; the average number of employees was 4,064; the average number of external part-time workers was 146; and the payroll fund was 315 million 609.7 thousand UAH.
As previously reported, in the first quarter of 2026, the Southern Mining and Processing Plant saw its net loss increase 8.5-fold compared to the same period in 2025—from 100.859 million UAH to 866.813 million UAH. During this period, revenue from ordinary operations decreased to 3,987.535 million UAH from 6,350.714 million UAH.
In January–June of this year, Pivdenny Mining and Processing Plant increased its net profit by 73.5% compared to the same period last year—to 199.318 million UAH from 114.912 million UAH. During this period, revenue from ordinary operations decreased to 8,931,263 million UAH from 12,693,475 million UAH. Iron ore concentrate production for the second quarter of 2026 totaled 1,913,700 metric tons, while sales for this period amounted to 1,906,800 metric tons.
The annual report for 2025 has not yet been published.
Pivdenny GZK is one of Ukraine’s leading producers of iron ore concentrate. It is engaged in the mining and beneficiation of low-grade ferruginous 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 a 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 August 2026 as of October 23, 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 private joint-stock company’s authorized capital is 535.915 million UAH, and the par value of each share is 0.25 UAH.
