Poltava Mining and Processing Plant PJSC (PGZK, Komsomolsk, Poltava Oblast), the main asset of the Ferrexpo Group, whose majority shareholder is businessman Kostyantyn Zhevago, reduced its net loss by 2.94 times compared to the same period last year—to UAH 406.452 million from UAH 1.19657 billion—based on its performance in January–March of this year.
According to the company’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period also decreased by 2.94 times—to 2.508029 billion UAH from 7.363388 billion UAH.
Retained earnings as of the end of March 2026 amounted to UAH 11.923358 billion.
The official report for 2025 has not yet been published. At the same time, PGZK reported a net loss of UAH 2.043378 billion for the first nine months of 2025, compared to a net profit of UAH 448.185 million in the first nine months of 2024; revenue then decreased by 9.7% to UAH 16.204660 billion. Retained earnings as of the end of September 2025 amounted to UAH 17.563201 billion.
PGZK’s net loss in 2025 amounted to UAH 4.861128 billion, with revenue of UAH 20.775232 billion.
According to the 2024 annual report, PGZK incurred a loss of UAH 3,153,916,000 in 2024 on revenue from ordinary activities of UAH 23,707,648,000; in 2023, the loss amounted to 5,444,659 million UAH with revenue of 15,065,640 million UAH.
Ferrexpo is an iron ore company with assets in Ukraine. Its main activity is the production and export of iron ore pellets used in steel production.
According to the State Audit Office’s data for the first quarter of 2026, Ferrexpo AG (Switzerland) owns 100% of the shares in Poltava Mining.
Poltava Mining’s authorized capital is 3.0876 billion UAH.
