According to its 2024 results, Dnipropetrovsk Metallurgical Plant (DMZ) named after Comintern (DMZ Kominmet) reduced its net profit by 2.97 times compared to the previous year — to UAH 18.913 million from UAH 56.197 million.
According to the annual financial report available to the Interfax-Ukraine agency, net income for this period decreased by 13.1% to UAH 2 billion 896.250 million.
Undistributed profit at the end of 2024 amounted to UAH 115.316 million.
It is also noted that in the first quarter of 2025, the volume of production and sales amounted to 8-10 thousand tons per month.
DMZ Kominmet LLC was established on the basis of a plant built in 1899 as a Belgian joint-stock company by the Shoduar brothers for the production of roofing, corrugated steel, tableware, and blade steel. The company specializes in the production of steel pipes, metal coating, and consumer goods.
The average number of employees was 559.
According to the plant’s data at the end of 2024, Voskym Dom-2014 LLC (Dnipro) owns a 31.556% stake in the company, Grominal Ltd owns 21.11%, DW Holding Ltd – 23.77%, and Genersys Group Ltd (all three are based in Cyprus) – 23.564%.
According to the annual report, the ultimate beneficial owner (controller) of DMZ Kominmet LLC is Semen Tokarev, a natural person with a 31.556% stake.
The authorized capital of the LLC is UAH 25.5 million.
For the third time, the state-owned enterprise “Forests of Ukraine” held an exchange auction with the possibility of concluding forward contracts for the first half of 2026 for a period of six months at a fixed price for the purchase of forest products, as a result of which 100% of the volume put up for auction was contracted, the press service of the state-owned enterprise reported.
“Forests of Ukraine” recalled that it put up for auction 465 lots with a volume of 1.4 million cubic meters of forest products (35% of the planned volume of half-yearly timber harvesting for commercial sale) and informed market participants in advance about the volume and structure of the lots.
“Both firewood and roundwood were sold at 100% of the volumes put up for auction,” the statement said.
The company set the starting prices at the auction at the level of the starting prices for the fourth quarter of 2025, which turned out to be significantly lower than the current sales prices. The average selling price for commercial pine in the fourth quarter was UAH 5,900/cubic meter, while the starting price for forward trading was UAH 3,900/cubic meter. Industrial firewood (PV) from coniferous species was sold for UAH 2.3 thousand/cubic meter, while the starting price was UAH 1.3 thousand/cubic meter.
During the auction, commercial pine rose in price to UAH 6.2 thousand/cubic meter, and PV firewood from coniferous species rose to UAH 2.4 thousand/cubic meter. Compared to the general auction in the fourth quarter, beech rose the most in price, to almost UAH 7 thousand/cubic meter (+52%).
The State Enterprise “Forests of Ukraine” assured that it would ensure the delivery of all timber sold under forward contracts. As of November 17, the fulfillment of forward contracts for the second half of 2025 is 75% and corresponds to the planned indicator.
As for supplying firewood to energy companies, the state-owned enterprise is a regular participant in tender procedures for the purchase of wood for state customers in accordance with the Law “On Public Procurement.”
Lesy Ukrainy has attracted the attention of energy-generating enterprises, as foresters are ready to supply more than 1 million cubic meters of logging residues for their needs.
The state-owned enterprise added that more than 40% of the firewood has already been sold to the population and social facilities at fixed prices for the heating period.
The fleet of electric locomotives of JSC Ukrzaliznytsia is five times larger than the fleet of diesel locomotives, which makes them critically important and necessitates the purchase of electric locomotives, said the company’s CEO Oleksandr Pertsovskyi in a comment to journalists in connection with the purchase of 55 electric locomotives from French manufacturer Alstom.
“The basis of Ukrainian logistics, Ukrainian railways, as well as European railways, is electric traction. It is more efficient, it accounts for 80% of our volume, it is five times more than their fleet, and there is a critical need in this segment,” Pertsovsky emphasized, according to an Interfax-Ukraine correspondent.
According to him, the ratio of electrified and non-electrified networks of Ukrainian Railways is “about 50-50,” but 80% of cargo and passenger traffic passes through electrified sections.
Pertsovsky clarified that the cost of electric traction transportation is 4-5 times lower.
“It is absolutely critical for us to have a reliable fleet of electric locomotives in order to transport our cargo economically,” the head of the UZ board concluded.
It is noted that at the beginning of the project, the possibility of purchasing diesel locomotives was considered, but the international community and Ukraine, as part of it, decided to adhere to the principles of the Paris Declaration, avoiding new capital investments with a high environmental impact.
The chairman of the board acknowledged that in the current conditions, when there are risks of power outages, diesel locomotives are relevant, but for this purpose, the company is urgently restoring the diesel locomotives that it inherited in large numbers.
Separately, Pertsovsky reported that a group of engineers and machinists visited Azerbaijan, where similar locomotives from the French concern Alstom are in operation, to familiarize themselves with their operation and technical features.
As reported, the French company Alstom and Ukraine’s Ukrzaliznytsia signed a contract to supply 55 electric locomotives to Ukraine worth EUR473 million in 2027-2029. The first electric locomotive will arrive in Ukraine in the first quarter of 2027. This will be followed by certification and the necessary tests.
Ukrzaliznytsia emphasized that 37% of the project’s funding is non-repayable grant aid of approximately EUR 173 million from the URTF fund managed by the World Bank, while the rest is a preferential long-term loan from the EBRD for EUR 300 million.
The Antimonopoly Committee of Ukraine (AMCU) has fined two manufacturers of dietary supplements for distributing misleading information about the properties of dietary supplements for a total of UAH 11.1 million.
According to the AMCU, VORVARTS PHARMA LLC was fined for distributing information on packaging and marketplaces about the properties of the dietary supplement ZAFAKOL IQ to improve intestinal function, which did not correspond to reality.
In turn, LLC “ERSEL PHARMA UKRAINE” distributed information about the properties of the dietary supplement “A-KETON” to eliminate the causes of acetone in children.
At the same time, AMCU notes that both companies provided publications on the properties of individual components of dietary supplements and/or articles on the use of dietary supplements in complex therapy with other drugs.
However, according to the position of the Ministry of Health, “such articles are not a sufficient basis for confirming the properties of dietary supplements, publications on the properties of individual components of dietary supplements do not confirm their presence in a dietary supplement as a whole.”
“The AMCU found that the information disseminated regarding the dietary supplements ZAFAKOL IQ and A-KETON may affect consumers’ intentions to purchase such products. At the same time, the information disseminated regarding these products may be perceived as properties that are inherent to a medicinal product,” AMCU noted.
AMCU did not specify the amount of the fine imposed on each of the companies.
IMK agricultural holding received $67.5 million in net profit in January-September 2025, which is 43% more than in the same period of 2024, according to the company’s report.
According to a report on the Warsaw Stock Exchange, IMC’s revenue for the reporting period amounted to $118.6 million, which is 16% less than last year. At the same time, profit from the revaluation of biological assets increased by 22% to $75.7 million.
Gross profit increased to $93.2 million, which is 6% more than a year earlier, and operating profit increased by 27% to $73 million (+27%). Profit before tax increased to $68.9 million (+45%).
The company’s normalized EBITDA for the nine months of 2025 was $88 million, up 24% from the same period in 2024.
In January-September 2025, IMC sold 387,660 tons of corn, which is 16% less than in the same period of 2024. At the same time, the cost of sales for the current year was 46.9% higher and amounted to $213 per ton. Accordingly, revenue was 23.8% higher and amounted to $82.9 million compared to $66.74 million a year earlier.
Sunflower sales were 2.6 times lower than in the same period last year and amounted to 25.43 thousand tons. The selling price was 55% higher than last year and amounted to $546 per ton, so revenue fell by 59.3% to $13.89 million compared to $23.43 million a year earlier.
IMK also reduced wheat sales by 2.6 times compared to the same period last year to 103.26 thousand tons in the first nine months of 2025. Wheat prices were higher than last year, at $209 per tonne compared to $181 per tonne a year earlier. However, this did not have a significant impact on revenue. It amounted to $21.63 million compared to $49.78 million (-56.6%) for the same period last year.
IMK Agroholding is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the crop production, elevators, and warehouses segments. The land bank is about 120,000 hectares, storage capacity is 554,000 tons for the 2023 harvest of 1.002 million tons.
According to the results of its operations in January-September of this year, Kryvyi Rih Iron Ore Plant (KZRK) increased its net loss by 3.2 times compared to the same period last year, to UAH 1 billion 487.217 million.
According to KZRK’s interim report, available to Interfax-Ukraine, net income for this period decreased by 41.6% to UAH 1 billion 601.822 million.
Undistributed profit at the end of September 2025 amounted to UAH 2 billion 8.823 million.
According to the annual report, KZRK ended 2024 with a net loss of UAH 2 billion 14.015 million, while in 2023 it amounted to UAH 63.411 million. Net income in 2024 amounted to UAH 3 billion 443.081 million, and in 2023 – UAH 5 billion 577.923 million.
In 2024, the plant produced 1.693 million tons of raw ore, with 1.370 million tons of commercial ore. The plan for 2025 is 4.385 million tons of raw ore and 3.6 million tons of commercial ore.
As reported, on May 23, 2025, Tviy Energosupplach (Kyiv) applied to the Commercial Court of Dnipropetrovsk Region to initiate bankruptcy proceedings against KZRK due to its debt for electricity consumption. The
Commercial Court of Dnipropetrovsk Region ruled to open bankruptcy proceedings against KZRK on June 9 of this year.
KZRK specializes in underground iron ore mining. It consists of four mines: Pokrovska (formerly Zhovtneva), Kryvorizka (Batkivshchyna), Kozatska (formerly Hvardiyiska), and Ternivska (formerly the Ordzhonikidze
Ore Management, then named after Lenin).
According to NDU data for the first quarter of 2025, the main shareholder of KZRK is Starmill Limited (Cyprus), which owns 99.8812% of its shares. Operational control of the plant prior to the introduction of bankruptcy proceedings was exercised by the Privat Group.
In May 2023, Ukraine imposed sanctions against dozens of foreign companies linked to Russian individuals who own large assets in Ukraine, including KZRK. Some of these assets had already been seized, but the sanctions paved the way for their confiscation. The relevant presidential decree No. 279 of May 12 was published on the website of the head of state. In particular, the list of legal entities included Starmill Limited, which owns 99.89% of KZRK under the operational control of the Privat Group.
The authorized capital of the enterprise is UAH 1 billion 991.233 million.
