According to the results for January-September 2025, cement producer Mykolaivcement increased its net profit 1.9 times compared to the same period in 2024, to UAH 455.3 million.
According to information on the company’s website, income from ordinary activities for the first nine months of this year increased by 33.7% compared to the same period in 2024 and amounted to UAH 1.9 billion. Gross profit grew by 48.1% and reached UAH 706.3 million.
According to the company, its retained earnings in January-September 2025 decreased by 80.6% to UAH 109.5 million. Current liabilities in the reporting period increased by 56.8% to UAH 7 million, and long-term liabilities by 0.6% to UAH 1.29 billion. The total amount of the company’s assets in January-September decreased by 23.1% to UAH 1.8 billion.
The company reported that in the third quarter, it produced 204.5 thousand tons of products worth UAH 520.4 million. Sales amounted to 210.7 thousand tons worth UAH 835.8 million. Raw materials account for 64% of the production cost structure, electricity for 15.1%, and packaging for 6.8%.
As noted in the report, in the third quarter of 2025, Mykolaivcement’s activities were significantly affected by martial law, exchange rate fluctuations, and the political and economic situation in the country. A decrease in the amount of construction work due to martial law and a decline in the purchasing power of potential customers led to a decrease in demand for products.
In addition, the company reported that the shortage of skilled workers, the slow pace of Ukraine’s economic recovery, and other macroeconomic and geopolitical factors pose significant challenges for the company.
According to the National Securities and Stock Market Commission (NSSMC), as of the first quarter of 2025, the sole shareholder of PJSC Mykolaivcement is the Dutch company CRH Ukraine B.V. (100%).
Mykolaivcement is part of the CEMARK group of cement manufacturers and the CRH group of building materials manufacturers.
CRH is a leading manufacturer of building materials in the world and the largest in North America and Europe. It has 3,200 businesses in 28 countries, employing approximately 71,000 people.
The company also has a presence in Asia. CRH’s American depositary shares are listed on the New York Stock Exchange.
