PJSC “Industrial and Manufacturing Enterprise Kryvbasvibuhprom” saw its net profit drop by 88.5% in January–September of this year compared to the same period last year—to 21.641 million UAH from 188.105 million UAH.
According to the company’s interim report, available to the “Interfax-Ukraine” agency, revenue from ordinary operations for this period decreased by 51.1%—to 657.426 million UAH.
Retained earnings as of the end of September 2026 amounted to 954.945 million UAH.
The report notes that in the third quarter of 2026, the Russian Federation’s full-scale war against Ukraine continued to complicate the company’s operations, giving rise to the following challenges: the security situation; logistics issues; the suspension of mining operations at the ore processing plant; and disruptions in electricity supply. The Russian Federation’s full-scale invasion of Ukraine caused significant restrictions on mobility, access to workplaces, and the stability of business processes, and also led to the relocation or temporary suspension of the company’s operations.
The mobilization of male employees into the Armed Forces of Ukraine or their voluntary enlistment in the defense forces resulted in the temporary or permanent loss of employees, particularly those in critical positions. Compared to the previous quarter, the payroll in the reporting quarter decreased by 2,291.41 thousand UAH, or 6.9% compared to the second quarter of 2026; the average number of employees decreased by 148 people.
As previously reported, in the first quarter of 2026, Kryvbasvibuhprom saw its net profit fall by 84% compared to the same period last year—to 7.124 million UAH from 44.542 million UAH. Revenue from ordinary activities for this period decreased by 34.4%—to 269.883 million UAH from 411.670 million UAH.
In the first half of this year, “Kryvbasvibuhprom” saw its net profit fall by a factor of three compared to the same period last year—to 37.036 million UAH from 112.231 million UAH, while revenue from ordinary activities decreased by 32.2%—to 586.325 million UAH.
According to the 2025 report, the company’s net profit last year increased by 20.8% compared to 2024—to 185.845 million UAH from 153.893 million UAH. At the same time, revenue from ordinary operations for this period increased by 18.3%—to 1 billion 751.775 million UAH from 1 billion 480.669 million UAH. In 2024, the company reported a net profit of 153.893 million UAH, compared to 95.121 million UAH in 2023.
“Kryvbasvibuhprom” provides blasting services in the quarries of Ukraine’s mining enterprises. It is a major manufacturer of emulsion and non-water-resistant explosives. The company’s operational chain includes storage, processing, transportation, and blasting operations themselves.
According to the State Registration Service data as of October 23, 2026, Quarex Ltd (Cyprus) owns 93.1642% of the company’s shares, while “umgі investments” LLC, part of the SCM Group, owns 6.5619%.
The authorized capital of “Kryvbasvibuhprom” is 97.022 million UAH, and the par value of each share is 1 UAH.
