According to the results for January-September of this year, PJSC Ukrainian Graphite (Ukrgraphite, Zaporizhia) increased its net losses by 56.7% compared to the same period last year, to UAH 185.076 million.
According to the company’s interim report, net income for this period decreased by 9.8% to UAH 973.915 million.
The company’s undistributed profit at the end of September amounted to UAH 3 billion 480.625 million.
As reported, Ukrgrafit ended 2024 with a net loss of UAH 202.447 million, while in 2023 it increased its net profit by 2.34 times compared to 2022, to UAH 122.920 million.
Ukrgrafit is a leading Ukrainian manufacturer of graphite electrodes for electric steel melting, ore-thermal, and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, and carbon-based refractory materials for metallurgical, machine-building, chemical, and other industrial complexes.
According to the National Depository of Ukraine (NDU) for the first quarter of 2025, Intergraphite Holdings Company Limited (Malta) owns 23.9841% of the private joint-stock company, and C6 Safe Group Limited (Cyprus) owns 72.0394%.
The authorized capital of the private joint-stock company is UAH 233.959 million, and the nominal value of a share is UAH 3.35.
The Kryvyi Rih Mining and Metallurgical Plant PJSC ArcelorMittal Kryvyi Rih (AMKR, Dnipropetrovsk region) reduced its net loss by 6.8% in January-September of this year compared to the same period last year, from UAH 6.186 billion to UAH 5.768 billion.
According to AMKR’s interim report, net income for the first nine months of 2025 increased by 4.5% to UAH 52 billion 278.473 million from UAH 50 billion 16.499 million.
The uncovered loss at the end of September reached UAH 29 billion 711.796 million.
According to the AMKR’s annual report, in 2024, the plant reduced its consolidated net loss by 25.5% compared to 2023, to UAH 8 billion 841.812 million from UAH 11 billion 875.984 million. At the same time, net income decreased by 54.3% to UAH 64.599 billion from UAH 41.873 billion. Retained earnings at the end of the year amounted to UAH 24.039 billion.
As reported, AMKR ended 2022 with a net loss of UAH 49.9104 billion, while in 2021 it received a net profit of UAH 25.282951 billion.
ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular, rebar and wire rod.
ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Beryslav.
The Sukha Balka mine (Kryvyi Rih, Dnipropetrovsk region), part of Alexander Yaroslavsky’s DCH group, increased its net loss by 39.2% in January-September of this year compared to the same period last year, from UAH 218.898 million to UAH 304.774 million.
According to the interim report, net income for the reporting period increased by 1.5%, to UAH 1 billion 870.388 million from UAH 1 billion 843.096 million.
Undistributed profit at the end of September 2025 amounted to UAH 1 billion 791.218 million.
Production volumes in Q3 2025 amounted to 208.2 thousand tons of commercial ore, in Q2 2025 – 228.3 thousand tons, and in Q1 2025 – 203.2 thousand tons. At the same time, production volumes in Q3 2024 amounted to 217.3 thousand tons of marketable ore, in Q2 2024 – 268.2 thousand tons, and in Q1 2024 – 179.2 thousand tons.
In total, for the first nine months of 2025, commercial iron ore production amounted to 639.7 thousand tons, which is 3.8% less than for the first nine months of 2024 (664.7 thousand tons).
According to the annual report, the mine ended 2024 with a net loss of UAH 333.856 million and net income of UAH 2 billion 320.449 million, while at the end of 2023, it received a net profit of UAH 114.837 million with an income of UAH 2 billion 923.317 million.
In July 2024, the company decided to pay dividends to its shareholders for 2007, 2008, 2012, 2020, and 2022 at a rate of UAH 1.2 per ordinary share, including: UAH 0.089 for 2007; UAH 0.157 for 2008; UAH 0.093 for 2012; UAH 0.287 for 2020; UAH 0.574 for 2022. Also, in 2024, the amount of accrued dividends amounted to UAH 1 billion 4.865 million (UAH 1.2 per share), and the amount of dividends paid/transferred amounted to UAH 541 million 569.772 thousand.
In 2024, commercial iron ore production volumes decreased by 3% compared to 2023, to 917 thousand tons due to a shortage of personnel in connection with the mobilization of miners into the ranks of the Armed Forces of Ukraine, as well as due to the unscheduled shutdown of the Yuvileina mine for the repair of the skip hoisting installation in August 2024. At the same time, the Yubileinaya mine produced 766,600 tons (a 15% decrease compared to 2023) and the Frunze mine produced 150,500 tons (a 2.6-fold increase).
Over the past year, about 12 new blocks with a total capacity of about 1,198,100 tons of raw materials were developed.
The average number of employees at Sukha Balka PJSC in 2024 was 1,330, and the average monthly salary in 2024 was $522, which is 7.7% higher than in 2023 (in hryvnia equivalent, the salary level in 2024 increased by 18.2% compared to 2023, with a lower percentage increase in USD due to a 9.8% increase in the exchange rate from an average of 36.58 UAH/USD in 2023 to 40.16 UAH/USD in 2024). The main reason for the growth in the level of wages in 2024 was the indexation of tariffs and salaries of employees from March 1, 2024.
During 2024, self-propelled equipment was introduced for various works and ore mining at the Yuvileina mine. The use of self-propelled equipment in tunneling work also continues, and the fleet of equipment is growing. The use of self-propelled equipment in tunneling, cutting, and mining work has significantly increased the pace of work and improved productivity.
At the Frunze mine, all investment projects were suspended in 2024 due to the military aggression of the Russian Federation and emergency power cuts to consumers, but a large-scale investment project is planned, which will allow the mine to continue operating until 2037 and extract additional volumes of ore. The essence of the project is to use inclined workings to deepen the mine from the existing horizon of 1,135 m to 1,500 m and to apply modern technologies for unmanned loading and delivery of rock mass.
In 2025, it is planned to continue the implementation of projects started in 2021-2022, including the use of self-propelled equipment at both mines of the enterprise. In 2025, it is planned to continue research on the development of technology for the production of products with a minimum content of 65%-70% Fe. Specifically, this involves conducting research on the enrichment of iron ores and magnetite quartzites using dry and wet enrichment technologies.
As reported, PJSC “Sukha Balka” reduced its net profit by 2.7 times compared to 2021, to UAH 487.878 million from UAH 1 billion 326.460 million, according to the results of 2022.
The Sukha Balka mine is one of the leading enterprises in the mining industry in Ukraine. It extracts iron ore using underground methods. It consists of two mines with underground crushing complexes and surface crushing and sorting complexes: the Yuvileina mine (capacity of 2.4 million tons per year) and the Frunze mine (capacity of 1.170 million tons per year). Frunze Mine (capacity 1.170 million tons per year)
The DCH Group acquired the mine from the Evraz Group in May 2017.
According to the NDU for the second quarter of 2024, Yaroslavsky, who is designated as a non-resident of Ukraine (a citizen of Great Britain – IF-U), directly owns 77.41% of the mine’s shares, and Artem Alexandrov, a resident individual, owns 15.2% (at the end of 2024, he owned 19.9999% of the shares).
The authorized capital of Sukha Balka PJSC is UAH 41.869 million, with a share par value of UAH 0.05.
PrJSC Dniprovsky Metallurgical Plant (DMZ, formerly Evraz-DMZ), part of businessman Oleksandr Yaroslavsky’s DCH Steel group, increased its net loss by 3.1 times compared to the same period last year, to UAH 467.490 million from UAH 152.309 million, according to the results for January-September of this year.
According to the interim report, net income for the reporting period decreased by 64.6%, to UAH 1 billion 518.613 million from UAH 4 billion 289.634 million.
The uncovered loss at the end of September 2025 amounted to UAH -199.622 million.
Production volumes in Q3 2025 amounted to 0.6 thousand tons of metal products, in Q2 – 0.5 thousand tons of metal products and 20.3 thousand tons of coke, and in Q1 – 2.3 thousand tons of metal products and 54.9 thousand tons of coke.
Taking into account the current situation in Ukraine, the industry, and the restrictions in place, as well as the fact that the 2026 budget has not yet been formed, the projected volume of work and services is planned for the following areas of activity: services for processing tolling raw materials into rolled products – 70 thousand tons.
In addition to its core production activities, in Q3 2025, DMZ continued to expand its scope of activities and perform work for contractors in the manufacture and repair of metal structures and laboratory research.
In Q3, the average number of full-time employees was 699, and the wage fund was UAH 57.722 million. At the same time, the wage fund for the quarter decreased by UAH 32.950 million compared to Q2 2025, which was due to the lack of raw materials and a market for products, the shutdown of coke production in May 2025, and the corresponding reduction in personnel.
According to the annual report, in 2024, production volumes amounted to 289.1 thousand tons of blast furnace coke, metal products were not manufactured, but 44.6 thousand tons of square billets were rolled into finished rolled products under a tolling scheme. At the same time, there was a 1.2% decrease in blast furnace coke and a 57.1% decrease in rolled products. In terms of the structure of metal products in 2024, the share of rolled products from rolling mill (RM) No. 1 was 11.3%, and RM No. 2 was 88.7%. The rolling mills of DMZ produced channels, long products, mine props, and rails.
The average number of full-time employees in 2024 decreased by 12.6% to 1,707 people, and the FOP amounted to UAH 415.236 million. The average salary was UAH 19,442 (+17.4% from the 2023 level).
DMZ reported a net loss of UAH 222.117 million in 2024, compared to a net profit of UAH 504.591 million in 2023. Net income decreased by 20.8% to UAH 5 billion 412.422 million from UAH 6 billion 832.241 million.
Retained earnings at the end of 2024 amounted to UAH 170.605 million.
As reported, in 2024, DMZ reduced its rental services by 59.4% compared to 2023, to 42.9 thousand tons, and coke production decreased by 1.2%, to 289.1 thousand tons.
DMZ reduced its rolling services by 23.1% in the first seven months of 2025 compared to the same period last year, to 26,000 tons. in January-August 2025, the plant rolled 33.9 thousand tons, which is at the level of January-July 2024 (33.8 thousand tons).
According to information in the corporate newspaper DCH Steel, during the production campaign in rolling shop No. 2, which will begin after November 10, 2025, it is planned to manufacture (roll) 6.3 thousand tons of metal products.
DMZ received a net profit of UAH 4.225 million in 2022, while in 2021 it was UAH 1 billion 725.157 million. In 2021, the plant received a net profit of UAH 1 billion 725.157 million, while it ended 2020 with a net loss of UAH 394.091 million.
DMZ specializes in the production of steel, cast iron, rolled products, and products made from them.
On March 1, 2018, the DCH Group signed an agreement to purchase the Dnipro Metallurgical Plant from Evraz.
According to NDU data for the second quarter of 2025, Drampisco Limited (Cyprus) owns 97.73% of DMZ shares.
The authorized capital of the private joint-stock company is UAH 574.994 million, and the nominal value of a share is UAH 0.25.
Novokramatorsk Machine-Building Plant (NKMZ, Kramatorsk, Donetsk region) ended January-September of this year with a loss of UAH 108.9 million, while for the same period last year, net profit amounted to UAH 73.7 million.
According to the financial report published on the plant’s website, net income increased by 51% to UAH 1 billion 174 million.
NKMZ received UAH 268 million in gross profit, up 6%, with UAH 92.6 million in operating losses (UAH 2.4 million for the same period last year).
Products worth UAH 919.6 million were exported, accounting for 78.3% of total revenue (82% a year earlier).
India was the largest importer of products, with deliveries increasing by 15.5% to UAH 423.8 million. Exports to Lithuania increased by 57.5% to UAH 137.8 million, to Poland by 3.6 times to UAH 12.4 million, and to
Kazakhstan amounted to UAH 17 million compared to UAH 1.1 million last year.
Products were also supplied to countries to which there were no deliveries in January-September 2024, in particular, to Bulgaria – worth UAH 84.3 million, and China – worth UAH 48 million.
Deliveries to Ukrainian customers increased by 86.4% to UAH 254.7 million.
As reported, the plant ended the first half of this year with a loss of UAH 61.2 million, which is seven times more than in the same period last year, with net income more than doubling to UAH 795.5 million.
Thus, in the third quarter of this year, NKMZ incurred a loss of UAH 47.7 million, while in the same period of 2024, net profit amounted to UAH 82.2 million. Net income decreased by 5% to UAH 378.7 million.
“The company’s activities in the fourth quarter of 2025 and in 2026 will most likely be limited,” the report states.
NKMZ reminds that the company is located in the frontline territory, and the most important factor remains its activities “in the context of the Russian Federation’s military aggression against Ukraine.” This has led to a significant reduction in production volumes and has resulted in the irregular nature of production and economic activities. In particular, in October-December of this year, it is expected to manufacture and sell commercial products worth UAH 327 million, 5,000 tons of liquid steel (4,800 tons were produced in the third quarter), 300 tons of steel castings (284 tons), 3,600 tons of forgings (3,570 tons), and 5,700 model sets and packages (5,370) are expected to be produced and sold.
“The draft production plans for 2026 include 12,000 tons of machinery and equipment for the metallurgical, mining, and construction industries, lifting and loading and unloading equipment, and spare parts,” the report says.
According to the report, the value of contracts concluded but not yet fulfilled as of September 30, 2025, amounted to UAH 672.95 million. The expected profits from their fulfillment are UAH 171.87 million.
NKMZ is a city-forming enterprise in Kramatorsk, the largest in Ukraine in the production of rolling, metallurgical, forging and pressing, hydraulic, mining, lifting and transport, hydraulic and railway equipment.
As reported, NKMZ’s capacities were forced to be mothballed with the start of the full-scale military invasion of Ukraine by the Russian Federation, and on October 1, 2023, it began to partially resume operations.
The plant ended last year with a net profit of UAH 36.3 million, while in 2023, the loss amounted to UAH 856.93 million, and net income increased 3.2 times to UAH 1.15 billion, in particular, products worth UAH 941.3 million (82%) were exported.
For the current year, the plant has preliminarily planned to increase sales by 81.5% compared to 2024, to UAH 2.08 billion.
The number of employees at the beginning of 2025 was 5,660.
The net loss of PJSC Pharmaceutical Company Darnitsa (Kyiv) in January-June 2025 amounted to UAH 479.473 million, while in the same period of 2024, the company received UAH 6.528 million in net profit.
According to the company’s disclosure to the National Securities and Stock Market Commission, the net loss from sales in the first half of 2025 amounted to UAH 380.233 million, while in the same period of 2024, the profit from sales amounted to UAH 119.452 million.
As reported, Darnitsa’s net loss in January-March 2025 amounted to UAH 231.077 million, while in the same period of 2024, the company received UAH 19.484 million in net profit. Net sales revenue for the first quarter of 2025 decreased by 17.4% to almost UAH 1.018 billion.
In 2024, Darnitsa registered 10 drugs outside Ukraine and entered six new markets, including EU countries, Bosnia and Herzegovina, Israel, New Zealand, and Malaysia. In total, Darnitsa’s drugs are represented in more than 20 countries around the world.
At the end of 2024, exports accounted for 3.5% of the company’s sales. At the end of 2023, exports accounted for 4%. Exports were made to 17 countries.
Darnitsa has been present on the market for over 90 years, is one of the top 10 pharmaceutical manufacturers in Ukraine, and produces 180 brands of medicines in 15 different forms. The strategic areas of portfolio development are cardiology, neurology, and pain management.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of the company is Gleb Zagoriy.
