PJSC “Pivnichny Mining and Processing Plant” (Pivnichny Mining and Processing Plant, Kryvyi Rih, Dnipropetrovsk Oblast), a member of the Metinvest Group, reported a 94.6% decline in net profit for January–March of this year—to UAH 39.456 million from UAH 731.254 million in the same period last year.
According to the company’s interim report, which is available to the Interfax-Ukraine agency, revenue from ordinary activities for this period increased by 13.2%—to UAH 10,113.454 million.
Retained earnings as of the end of March amounted to UAH 14,828.095 million.
According to the annual report, PivdenGZK reduced its net profit by 2.2 times in 2025, to UAH 595.725 million from UAH 1.338185 billion in 2024. At the same time, revenue from ordinary activities for the past year increased by 13.7%—to 32.917622 billion UAH.
As reported, in 2024, PivdenGZK increased its net profit to 1.338185 billion UAH from 866.090 million UAH in 2023. The company ended 2022 with a net loss of UAH 2.972 billion, while in 2021 it reported a net profit of UAH 25.293 billion.
The plant specializes in the extraction, processing, and production of iron ore.
Metinvest B.V. owns 100% of the shares in Northern GOK.
Northern GOK is part of the Metinvest Group, whose main shareholders are PJSC System Capital Management (SCM, Donetsk) (71.24%) and the Smart Holding group of companies (23.76%). The management company of the Metinvest Group is Metinvest Holding LLC.
PivdenGZK’s authorized capital is UAH 579.707 million.
