PJSC “Ingulets Mining and Processing Plant” (Ingulets MPC, Kryvyi Rih, Dnipropetrovsk Oblast), a member of the Metinvest Group, reported a 5.4-fold increase in net loss for January–March of this year—to UAH 1,397.987 million from UAH 259.450 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 operations for this period amounted to UAH 302,000, whereas in 2024 there was none.
Retained earnings as of the end of March amounted to UAH 5,118,127,000.
According to the annual report, Ingulets GOK increased its net loss by 7.1 times in 2025, to 9.297362 billion UAH, while revenue from ordinary activities for the past year amounted to 40,300 UAH compared to 7.793635 billion UAH in 2024.
As reported, Ingulets GOK ended 2024 with a net loss of UAH 1.317997 billion, while in 2023 it amounted to UAH 167.236 million. The plant ended 2022 with a net loss of UAH 851.259 million, while in 2021 it reported a net profit of UAH 20.446101 billion. 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 ferruginous 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.
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 UAH 689.906 million, with a par value of UAH 0.25 per share.
Ingulsk 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.
