PrJSC Pokrovsky Mining and Processing Plant (PGZK, formerly Ordzhonikidze Mining and Processing Plant, Dnipropetrovsk region) reduced its net loss by 60% in January-September of this year compared to the same period last year — to UAH 218.489 million from UAH 545.746 million.
According to PGZK’s interim report for the first nine months of 2025, net income for this period increased by 6.1% to UAH 629.485 million. The uncovered loss at the end of September 2025 amounted to UAH 203.480 million.
As reported, in January-June of this year, PGZK reduced its net loss by 65.2% compared to the same period last year, to UAH 149.069 million from UAH 428.350 million, while net income for this period increased by 41.3% to UAH 479.767 million from UAH 339.617 million.
Based on its performance in 2023, PGZK increased its net loss 13 times compared to 2022, to UAH 624 million 48,108 thousand from UAH 47 million 932,515 thousand.
PGZK and Marganetsky GZK (MGZK, both in Dnipropetrovsk region), which are part of the Privat group, stopped mining and processing raw manganese ore in late October – early November 2023. In 2024, the plant was unable to resume operations due to a decline in demand for ferroalloys and a shortage of electricity.
In the first half of 2025, PGZK mined and enriched 22.87 thousand tons of manganese ore.
Four Cypriot companies — Profetis Enterprises Limited, Exseed Investmens Limited, Clemente Enterprises Limited, and Alexton Holdings Limited (all based in Cyprus) — each own 24.3024% of the private joint-stock company’s shares.
The authorized capital of the private joint-stock company is UAH 736.134 million, and the nominal value of a share is UAH 0.25.
