Shareholders of PJSC “Litinsky Breeding Farm” (Vinnytsia region) will consider the issue of retaining undistributed net profit for 2025 in the amount of UAH 137.44 million at the annual remote general meeting on April 30, the company reported in the NSSMC’s information disclosure system.
According to the draft resolutions, shareholders are being asked to approve the reports of the management board and supervisory board for 2025, to deem their work satisfactory, and to approve the annual financial statements and the company’s operating results. In connection with the proposal not to distribute the profit earned, there are no plans to approve the amount of annual dividends.
In addition, shareholders intend to grant preliminary consent for the company to enter into significant transactions related to the issuer’s financial and economic activities. These include purchase and sale agreements, contracts for the performance of work, or the provision of services, the value of which exceeds 25% of the company’s assets, with a maximum aggregate value of UAH 5 billion.
According to Opendatabot, in 2025, PJSC “Litynsky Breeding Farm” increased its revenue by 36.5% to UAH 523.29 million and its net profit by 19.2% to UAH 137.44 million. The company’s debt obligations for the past year increased by 26.2% to UAH 275.69 million, while assets rose by 30.5% to UAH 788.82 million.
PJSC “Litynsky Breeding Farm” was founded in 1964 in the village of Hromadske, Litynsky District, Vinnytsia Region. The farm is engaged in the breeding of young cattle and pigs; the cultivation of grain, fodder, and oilseed crops, as well as sugar beets; the production of milk, meat, and other industrial and agricultural products; the production of seeds of purebred and hybrid grain varieties; and the production and sale of flour, cereals, and other products. The main market is agricultural enterprises in Ukraine, which purchase breeding animals for further breeding.
The ultimate beneficial owner of the company is Vyacheslav Moskalevsky, who directly and through PJSC “ZNVKIF ”Konditerinvest” controls nearly 100% of the shares. Moskalevsky, who served as a key manager at the Roshen corporation for 29 years, became the head of the breeding farm’s board in May 2025.
According to Fixygen, Lviv-Auto PJSC will hold a shareholders’ meeting on April 27, 2026, via remote participation. The agenda includes performance results, financial reports, and current decisions.
The company is part of the UkrAVTO corporation, controlled by Ukrainian businessman Tariel Vasadze, who is the group’s key beneficiary.
The Commercial Court of Dnipropetrovsk Oblast granted the claim of PJSC “Nikopol Ferroalloy Plant” (NZF, Dnipropetrovsk Oblast) to recover UAH 17,271,408 in debt from LLC “Kvartsit DM” (Vasylkivka, Dnipropetrovsk Oblast).
According to court documents in case No. 904/7423/25 in the Commercial Court of Dnipropetrovsk Oblast, copies of which are available to the agency “Interfax-Ukraine,” NZF filed a lawsuit seeking to recover from “Kvartsit DM” a debt of 17.271 million UAH under general contract No. 1905621 dated September 27, 2019, as well as court fees.
By a ruling dated March 19 of this year, the court ordered “Kvartsit DM” LLC to pay NZF 17,271,408 UAH. The ruling became final on April 9. On the same day, the Commercial Court issued an order for the enforcement of the ruling (the order was published on April 10).
As reported, NZF’s claims are based on the defendant’s improper performance of the terms of General Contract No. 1905621 dated September 27, 2019, regarding full and timely payment for the work performed.
According to YouControl data, Quartzite DM LLC was founded in February 1999. Its primary activity is the extraction of other minerals and quarrying.
Vespanto Limited owns a 24% stake in the LLC, Dione Trading Ltd. – 23%, Relish Holdings Ltd. – 22%, “Hyperion Holdings Ltd.” (all based in the Marshall Islands) holds 22%, and “Lascrenso Management Ltd.” (St. Kitts and Nevis) holds 9%.
The company’s ultimate beneficiaries (50% each) are Gennadiy Bogolyubov (Austria) and Timur Mindich (Ukraine).
The authorized capital is 14,314,564 thousand UAH.
NZF is Ukraine’s largest producer of silicomanganese and ferromanganese. The average monthly output of ferroalloys under stable operating conditions is approximately 55–60 thousand tons.
According to the State Registration Service data for the fourth quarter of 2025, Sofalon Investments Limited owns 15.503% of the shares of the private joint-stock company, Rougella Properties Ltd. – 9.6904%, Dolemia Consulting Ltd. – 15.7056%, Sonerio Holdings Ltd. – 9.2158%, Manjalom Limited – 5.8824%, Treelon Investments Limited (all – Cyprus) – 15.1013%.
NZF is controlled by the EastOne Group, established in the fall of 2007 as a result of the restructuring of the Interpipe Group, as well as the Privat Group (both based in Dnipro).
Metinvest B.V. (Netherlands), the parent company of the Metinvest mining and metallurgical group, reduced its revenue from product sales in Ukraine by 11% in 2025 compared to 2024, down to $2.3 billion.
According to the group’s press release based on the 2025 annual report, this result primarily reflects the absence of coking coal concentrate sales, a decline in iron ore concentrate resale volumes, and lower average selling prices. Ukraine’s share of consolidated revenue decreased by 2 percentage points (pp) to 32%.
Sales to other markets fell by 3% to $4.942 billion, accounting for 68% of total revenue. In particular, sales to Europe rose by 3% due to increased shipments of flat and long products from own production (by 18% and 41%, respectively), billets (by 15%), flat products for resale (by 9%), and pig iron (2.1 times). The region’s share of total revenue rose to 44% (up 3 percentage points year-over-year).
Sales to Asia fell by 5%, mainly due to a decline in resold iron ore concentrate volumes (by 7%) and lower average selling prices. The region’s share of total revenue remained unchanged at 16%.
Revenue from North America decreased by 24% due to an 80% decline in long product shipments and lower average selling prices. The region’s share of consolidated revenue remained stable at 4%.
Revenue from the Middle East and North Africa (MENA) decreased by 29%, primarily due to a 34% decline in billet shipments. The region’s share of total revenue fell to 3% (down 1 percentage point).
Sales to other regions fell by 18%, while their share of total revenue remained unchanged at 1%.
In 2025, revenue in the metallurgical segment grew by 6% to $5.107 billion, primarily due to increased sales of finished products and semi-finished products (by 4% and 7%, respectively) and other products and services (by 40%). Meanwhile, coke sales fell by 20%. This segment accounted for 71% of total revenue (an increase of 8 percentage points).
Pig iron sales rose by 41% to $371 million, mainly due to a 53% increase in sales volume to 857,000 tons. This reflects growth in both resales (by 48%) and domestic shipments (2.5 times). The share of resales in total volume decreased by 4 percentage points, to 91%. North America remained the primary destination, accounting for 63% of shipments in 2025 compared to 71% in 2024. Shipments to Europe increased 2.2-fold and accounted for 32% of total shipments in 2025 (up 9 percentage points).
In 2025, sales of billets fell by 16% to $327 million, primarily due to a 12% drop in sales volume to 629,000 tons amid lower production. Shipments to Europe increased by 42,000 tons, while shipments to the Middle East and North Africa decreased by 121,000 tons. These regions accounted for 50% and 38% of total shipments in 2025, respectively (38% and 50% in 2024). The average selling price also declined, in line with the CFR Türkiye benchmark for square billets, which fell by 11% year-over-year.
During the reporting period, flat steel sales rose by 6% to $2.375 million, driven by a 15% increase in sales volume to 3,498 thousand tons. This included a 15% increase in resales and a 13% increase in domestic shipments. The share of resales in total volume rose to 70% (up 1 percentage point). Europe remained the main market, accounting for 71% of total shipments (72% in 2024). Sales volumes in the region increased by 279,000 tons amid rising demand and the resumption of hot-rolled steel production by the group in Italy. Shipments to Ukraine rose by 29%, accounting for 26% of sales volumes (23% in 2024). The average selling price declined in line with the HRC CFR Italy benchmark, which fell by 7% year-over-year.
In 2025, long product sales rose by 1% to $960 million, driven by a 3% increase in shipments to 1.411 million tons. Shipments to North America fell by 80% due to tighter trade restrictions in Canada and the U.S. and accounted for 3% of total annual volume (17% in 2024). These products were redirected to Europe, where shipments rose by 40%, increasing the region’s share to 48% of total sales (up 13 percentage points). Shipments to Ukraine rose by 4%, accounting for 45% of the total volume (unchanged year-on-year). The average selling price decreased in line with the CFR Türkiye benchmark for square billets.
During the reporting period, coke sales fell by 20% to $390 million. The decline was primarily due to lower average selling prices, reflecting trends in coking coal quotations. Total shipments increased by 7% to 1.450 million tons due to higher sales volumes at the Zaporizhstal joint venture.
In 2025, revenue from the mining segment decreased by 25% to $2.135 billion. This result reflects the absence of coking coal concentrate sales and a decline in iron ore product sales (down 11%). The segment’s contribution to total revenue was 29% (a decrease of 8 percentage points).
Sales of commercial iron ore concentrate fell by 14% to $1.409 billion, primarily due to a 13% reduction in total shipments to 14.376 million tons. This reflects a 22% decrease in resale volumes and a 4% decline in own shipments. As a result, shipments to Ukraine and Asia decreased by 47% and 3% year-over-year, respectively. Accordingly, these regions accounted for 11% and 78% of total sales, respectively (18% and 70% in 2024). Shipments to Europe fell by 20% amid declining demand, accounting for 10% of the total in 2025 (11% in 2024). Although the CFR China benchmark for 62% iron ore fines fell by 8% year-on-year, the average selling price remained nearly unchanged due to improved logistics efficiency.
In 2025, pellet sales decreased by 6% to $708 million due to lower average selling prices, while shipments increased by 4% to 6.317 million tons. Most of these volumes were shipped to Europe (71% in 2025; 81% in 2024) and Ukraine (25% in 2025; 16% in 2024).
Last year, no coking coal concentrate was sold due to the suspension of operations at Pokrovskvugillya.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
In its April report, the U.S. Department of Agriculture (USDA) left its forecast for Ukraine’s corn harvest in the 2025–2026 marketing year (MY) unchanged at 30.7 million tons and exports at 22.0 million tons.
The estimate of Ukraine’s ending corn stocks also remained unchanged at 2.95 million tons.
Globally, the USDA raised its forecast for corn production in the 2025-2026 MY to 1,301.07 million tons, exports to 207.29 million tons, and ending stocks to 294.81 million tons. The agency attributes the adjustments in the corn segment in the April report mainly to South Africa, where harvest and export estimates have been raised, while figures for Argentina and Brazil remain unchanged.
In its April report, the U.S. Department of Agriculture (USDA) lowered its forecast for wheat exports from Ukraine in the 2025–2026 marketing year (MY) to 12.5 million tons from 13.5 million tons, a decrease of 1.0 million tons (7.4%). Meanwhile, the estimate for Ukraine’s wheat harvest remains unchanged at 24.0 million tons, while the forecast for ending stocks has been raised to 3.93 million tons, an increase of 0.8 million tons.
Globally, the USDA raised its forecast for wheat production in the 2025–2026 MY to 844.15 million tons, while the estimate for global exports was lowered to 221.88 million tons, and ending stocks could rise to 283.12 million tons. Among major exporters, the agency raised its harvest estimate for the EU to 145.11 million tons and for Russia to 90.3 million tons, while increasing its forecast for Russian exports to 44.5 million tons.
