PJSC “Ingulets Mining and Processing Plant” (Ingulets, Kryvyi Rih, Dnipropetrovsk Oblast), a member of the Metinvest Group, reported a 2.9-fold increase in its net loss for January–June of this year—to 2,485.774 million UAH from 858.314 million UAH in the same period last year.
According to the company’s interim report, which is available to the “Interfax-Ukraine” agency, income from ordinary activities for this period amounted to 302 thousand UAH, which was generated in Q1 2026.
Retained earnings as of the end of June amounted to 4,282.214 million UAH.
“For the first half of 2026: PJSC ”Inguzk” produced 0 million metric tons of commercial concentrate; 0.0 million metric tons of ore were mined; the volume of overburden removal work amounted to 0.0 million cubic meters. In the first half of 2026, the company sold finished products worth 302 thousand UAH,” the management report states.
As previously reported, based on its performance in January–March of this year, InGZK saw its net loss increase 5.4-fold—to 1 billion 397.987 million UAH from 259.450 million UAH in the same period last year. Revenue from ordinary operations for this period amounted to 302,000 UAH, whereas in 2024 there was none.
In 2025, IngZK increased its net loss by a factor of 7.1, to 9,297,362 million UAH, while income from ordinary activities for the past year amounted to 40,300 UAH, compared to 7,793,635 million UAH in 2024.
Ingulets GOK ended 2024 with a net loss of 1 billion 317.997 million UAH, whereas in 2023 it amounted to 167.236 million UAH. The plant ended 2022 with a net loss of 851.259 million UAH, whereas in 2021 it reported a net profit of 20 billion 446.101 million UAH. In 2020, Ingulets Iron Ore Plant saw its net profit decline by 75.3% compared to the previous year, down to 1.5 billion UAH.
The company specializes in the mining and processing of iron-bearing quartzites from the Ingulets deposit, located in the southern part of the Kryvyi Rih iron ore basin. It produces iron ore concentrate. The company’s production capacity is 14 million metric tons of iron ore concentrate per year.
Metinvest B.V. (Netherlands) owns 100% of the shares in PJSC “Ingulets Iron Ore Mining and Processing Plant.”
The authorized capital of PJSC “Ingulets Iron Ore Mining and Processing Plant” is 689.906 million UAH, and the par value of each share is 0.25 UAH.
IngZK 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.
Ingulets Mining and Processing Plant (Ingulets, Kryvyi Rih, Dnipropetrovsk region), part of the Metinvest Group, increased its net loss by 14.8 times to UAH 1 billion 489.657 million in January-September this year, compared to UAH 100.479 million in the same period last year.
According to the company’s interim report, which is available to the Interfax-Ukraine agency, the loss in the third quarter amounted to UAH 631.343 million.
In the first nine months of this year, the company’s revenue fell sharply due to downtime, to UAH 25.453 million from UAH 7 billion 793.635 million.
Undistributed profit at the end of September 2025 amounted to UAH 12 billion 200.491 million.
The main factors influencing this were restrictions on demand, including due to the loss of metallurgical plants in eastern Ukraine, logistical complications, a decline in sales prices, and the suspension of the concentrate production cycle in the second half of 2024 due to the lack of organizational and technical conditions for the company’s economic activities in wartime.
There was no commercial concentrate production in the first nine months of 2025. In the second quarter of 2025, the technological process was partially resumed as part of ore mining for shipment to the Central Mining and Processing Plant. In the third quarter of 2025, the work was extended.
Ore production for the first nine months of 2025 amounted to 86,745 thousand tons.
Ingulets GOK ended 2024 with a net loss of UAH 1 billion 317.997 million, compared to UAH 167.236 million in 2023. The plant ended 2022 with a net loss of UAH 851.259 million, while in 2021 it received UAH 20 billion 446.101 million in net profit. In 2020, Ingulets GOK reduced its net profit by 75.3% compared to the previous year, to UAH 1.5 billion.
The company specializes in the extraction and processing of iron-bearing quartzites from the Ingulets deposit, located in the southern part of the Kryvyi Rih iron ore basin. It produces iron ore concentrate. The company’s production capacity is 14 million tons of iron ore concentrate per year.
Metіnvest B.V. (Netherlands) owns 100% of the shares of PJSC “Ingulets GOK”.
The authorized capital of PJSC “Ingulets GOK” is UAH 689.906 million, with a share par value of UAH 0.25.
Ingulets 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 managing company of the Metinvest Group is Metinvest Holding LLC.
