PJSC “Yuzhkoks” (Kam’yanske, Dnipropetrovsk Oblast) reduced its net loss by 73% in the January–September period of this year compared to the same period last year, bringing it down to 123.608 million UAH.
According to the company’s interim report, available to the Interfax-Ukraine news agency, the loss in the third quarter amounted to 102.237 million UAH.
Revenue from ordinary operations for this period increased by 2.2%—to 6 billion 778.265 million UAH.
The accumulated loss as of the end of September stood at 2,781.482 million UAH.
The report notes that despite the challenges arising from the difficult economic situation in the country, caused by Russia’s military aggression, management continues to ensure the company’s stable operation, is actively working to improve technological processes, is implementing new technologies, and is strengthening the team to achieve our strategic goals.
“In addition, we strive for continuous improvement in the quality of our products, higher social standards, and a healthier environment; we make significant efforts to prevent pollution, which is an integral an integral part of our operations and overall policy, and we are committed to open and ethical cooperation with all our partners, which is the foundation of our company’s success and stable operations,” the report states.
In addition, the report specifies that the main significant events, risks, and uncertainties that occurred during the reporting period and affected the company’s interim financial statements include significant uncertainty regarding the future course of the military invasion, its duration, and its short- and long-term impact on the company; disruptions to logistics routes, limited inventories, and restricted import and export capabilities due to the escalation of hostilities in the southern regions; the energy crisis; labor shortages; economic and legal risks; significant currency fluctuations; and other factors;
As of the date of issuance of these interim financial statements, as a result of the Russian Federation’s military aggression against Ukraine, the Company has suffered losses in production capacity. Specifically, on August 18, 2026, a 32,000 kVA transformer—a critically important piece of energy infrastructure—was destroyed after being struck by an unmanned aerial vehicle. Due to the damage sustained, this facility cannot be repaired. This incident led to a temporary disruption in the power supply and a partial suspension of the Company’s operations. To minimize the negative consequences and ensure business continuity, the Company’s management immediately took the necessary measures to restore the stable functioning of production processes.
The company is reviewing and adapting its business processes to account for current operating conditions. Management continues to monitor the potential impact and will take all possible measures to minimize any negative consequences, the report concludes.
As previously reported, in the first quarter of 2026, Yuzhkoks saw its loss increase 2.1-fold compared to the same period in 2025—to 110.027 million UAH from 226.338 million UAH. Revenue from ordinary operations decreased by 5.6% to 2,176.428 million UAH.
In January–June 2026, the plant reduced its loss by 94.1% compared to the same period last year—to 21.371 million UAH, while revenue increased by 7%—to 4 billion 860.923 million UAH.
In 2025, the plant reported a net loss of 3,195.470 million UAH, compared to 272.925 million UAH in 2024. Meanwhile, revenue from ordinary operations decreased by 12.9% to 8,582.546 million UAH.
Based on its 2024 results, Yuzhkox saw its net loss increase 4.7-fold compared to 2023—to 272.925 million UAH from 58 million 25.2 thousand UAH, and ended 2022 with a net loss of 1 billion 206.942 million UAH, compared to a net profit of 1 billion 292.672 million UAH reported for 2021.
According to the National Depository for Securities (NDS) data for August as of November 2, 2026, Dashuria Ltd. (Cyprus) owns 94.9565% of the company’s shares.
The authorized capital of PJSC “Yuzhkokks” is 171.918 million UAH, and the par value of a share is 0.25 UAH.
PJSC “Centravis Production Ukraine” (Centravis Production Ukraine, Nikopol, Dnipropetrovsk Oblast), a subsidiary of Centravis Ltd., reported a net loss of 137.198 million UAH for the January–September period of this year, whereas in the same period last year, it posted a net profit of 158.111 million UAH.
According to the company’s interim report, available to the Interfax-Ukraine news agency, the loss in the third quarter amounted to 74.387 million UAH.
During this period, net revenue from sales of goods increased by 2% to 4.041663 billion UAH; in the third quarter alone, it amounted to 1.034852 billion UAH.
The accumulated loss as of the end of September stood at 880.251 million UAH.
The report states that in the third quarter of 2026, the company’s sole shareholder decided to dissolve PrJSC “Centravis Production Ukraine” by converting it into an LLC. This decision is aimed at optimizing corporate governance, simplifying corporate procedures, and reducing administrative costs associated with operating as a joint-stock company. As of the date of this report, the transformation process is underway in accordance with the requirements of Ukrainian law.
It is also noted that, effective July 1, 2026, the EU will apply tariff quotas to steel imports in accordance with Regulation (EU) 2026/1384; imports exceeding the quota are subject to a 50% duty. In Category 22 (seamless stainless steel pipes), which includes the company’s main products, Ukraine has been allocated a separate quota of 6,524 metric tons per year, distributed on a quarterly basis.
To mitigate the impact of the quotas, the company monitors quota utilization daily based on TARIC data and, together with its customers, plans a schedule for shipments and customs clearance. In new contracts, the company uses Incoterms DAP or FCA instead of DDP, under which the buyer acts as the declarant and payer of import duties. It also includes in new contracts the right to postpone delivery to the next quarter without penalties.
In the medium term, the company is expanding sales in markets outside the EU, particularly in the Middle East and the Americas; in 2026, it received API 5CRA certification for the oil and gas sector. At the same time, the company is advocating—directly, through the Ukrainian government, and via industry associations—for the restoration of Ukraine’s quota to 2021 levels, particularly during the new allocation of quotas by country, which is expected to take effect on January 1, 2027.
“The company is modeling financial scenarios: exports within the quota, exports exceeding the quota subject to a 50% tariff, and a shift toward other markets. These scenarios, as well as the impact of the Carbon Border Adjustment Mechanism (CBAM), are factored into the 2027 budget: starting in February 2027, importers into the EU will purchase CBAM certificates for imports made in 2026. “The company is assessing the impact of these scenarios on working capital, particularly in terms of securing payment of the duty—which the EU customs authority requires as a deposit once 90% of the quota has been used—as well as on the impairment test for assets,” the report states.
As previously reported, “Centravis” posted a net loss of 61.012 million UAH in Q1 2026, compared to a net profit of 210.208 million UAH in the same period last year. During this period, net revenue from sales of goods increased to 1,419.990 million UAH from 1,255.258 million UAH in Q1 2025.
“Centravis” reported a net loss of 62.811 million UAH in the first half of the year, whereas in the same period last year it posted a net profit of 133.693 million UAH. Net revenue from sales of goods increased by 11.3% to 3 billion 6.811 million UAH.
According to the annual report, Centravis reduced its net profit in 2025 to 154.094 million UAH from 310.045 million UAH in 2024, and net revenue from sales decreased to 5 billion 519.669 million UAH from 5 billion 226.606 million UAH. At the same time, revenue in Ukraine in 2025 amounted to 202.149 million UAH.
Centravis was founded in 2000 and ranks among the top ten largest manufacturers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovsk Oblast). In 2023, the company opened a branch in Uzhhorod.
Centravis Ltd. Holding was established on the basis of CJSC “Nikopol Stainless Steel Pipe Plant” and the service and trading companies LLC “Production and Commercial Enterprise ‘YUVIS’.” Its shareholders are members of the Atanasov family.
According to data from the National Securities and Stock Market Commission (NSSMC) for August, as of November 3, 2026, Centravis SA (Centravis AG, Centravis Ltd., Switzerland) owns 100% of the shares of Centravis Production Ukraine PJSC.
The private joint-stock company’s registered capital is 206.895 million UAH, and the par value of one share is 1 UAH.
PJSC “Poltava Mining and Processing Plant” (PGZK, Horishni Plavni, Poltava Oblast), the main asset of the Ferrexpo Group, one of whose major shareholders is businessman Konstantin Zhevago, reduced its net loss by 33.7% in January–September of this year compared to the same period last year—to 1 billion 354.415 million UAH from 2 billion 43.378 million UAH.
According to the company’s interim report, which is available to the Interfax-Ukraine news agency, revenue from ordinary operations for this period also decreased by 40.9%—to 9,571,291 million UAH from 16,204,660 million UAH.
Retained earnings as of the end of September amounted to 678.184 million UAH.
The report states that as of September 30, 2026, the company’s current assets exceeded its current liabilities by 151,000 UAH (September 30, 2025: 8 billion 183.420 million UAH).
The company’s current liabilities include interest-bearing loans totaling 16.0864 billion UAH (September 30, 2025: 14.185334 billion UAH), received from companies within the Ferrexpo group. As of September 30, 2026, the outstanding balance on these loans was $358.572 million.
The report notes that although the company has managed to continue its operations, the war continues to pose a threat to the company’s mining, processing, and logistics operations in Ukraine and represents significant uncertainty regarding the company’s ability to continue as a going concern.
As of September 30, 2026, the company had 3,509 employees (compared to 4,475 as of September 30, 2025).
As previously reported, in the first quarter of 2026, Poltava Mining reduced its net loss by a factor of 2.94 compared to the same period last year—to 406.452 million UAH from 1 billion 196.570 million UAH. Revenue from ordinary operations for this period also decreased by a factor of 2.94—to 2,508.029 million UAH from 7,363.388 million UAH.
In January–June of this year, PGZK reduced its net loss by 51.8% compared to the same period last year—to 781.988 million UAH from 1 billion 623.452 million UAH, Revenue decreased by 47.6%—to 6,185.022 million UAH from 11,805.089 million UAH.
According to the 2025 annual report, PGZK posted a net loss of 15,992.265 million UAH, compared to a loss of 3,153.916 million UAH in 2024; and revenue fell to 20,775,232,000 UAH, compared to 23,707,648,000 UAH in 2024.
According to the 2024 annual report, PGZK reported a loss of 3,153,916 million UAH in 2024, with revenue from ordinary activities amounting to 23,707,648 million UAH; in 2023, the loss was 5,444,659 million UAH, and revenue was 15 billion 65.640 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 Statistics Service’s August data as of November 3, 2026, Ferrexpo AG (Switzerland) owns 100% of the shares in Poltava Mining and Processing Plant.
Poltava Mining and Processing Plant’s authorized capital is 3 billion 87.600 million UAH.
FERREXPO, LOSS, Poltava Mining and Processing Plant, POLTAVA REGION, PRODUCTION
Silpo-Food LLC, a member of the Fozzy Group (Kyiv) commercial and industrial group that operates the “Silpo” grocery supermarket chain in Ukraine, reported a loss of 551.9 million UAH for the January–September 2026 period, whereas during the same period last year the company posted a profit of 956.5 million UAH, and in the first half of 2026—a profit of 849.9 million UAH.
As the company reported in the financial reporting system of the National Securities and Stock Market Commission, its revenue for the first nine months of 2026 grew by 14.6% compared to the same period in 2025, reaching 86.9 billion UAH.
According to the company, in the first half of 2026, Silpo-Food generated 59.5 billion UAH in revenue and 849.9 million UAH in profit. Based on these figures, in the third quarter of 2026, Silpo-Food’s revenue grew by 7.1% compared to the third quarter of last year—to 27.4 billion UAH—while the loss amounted to 1.4 billion UAH.
It is noted that the company’s gross profit for January–September 2026 increased by 22.1% compared to the same period a year ago, reaching 29.3 billion UAH, while operating profit decreased by 3.5% to 2 billion UAH.
Silpo-Food’s current liabilities increased by 2.6% from the beginning of 2026 through September, reaching 33.2 billion UAH, of which trade and other accounts payable amounted to 24.3 billion UAH. Long-term liabilities decreased by 5.1% to 12.9 billion UAH. The accumulated loss since the beginning of the year decreased by 2.3% to 25 billion UAH.
As of September, the company’s assets totaled 39.3 billion UAH.
Silpo-Food LLC was established in early August 2016. As the company reported in its financial statement, as of September 2026, the LLC controls PJSC “Retail Capital” (100%, Kyiv), a closed-end, non-diversified venture corporate investment fund owned by Fozzy Group LLC. The ultimate beneficiary is Volodymyr Kostelman.
As of September 2026, the chain comprises more than 309 supermarkets in 78 cities across Ukraine and four Le Silpo delicatessens: in Kyiv, Dnipro, Kharkiv, and Odesa. The chain employs more than 30,000 people.
It is part of the Fozzy Group, a commercial and industrial group with more than 826 retail locations throughout the country. The company operates retail chains of various formats: “Silpo” supermarkets, Fozzy wholesale hypermarkets, “Fora” neighborhood stores, Thrash! discount stores, “Bila Romashka” pharmacy supermarkets, and E-ZOO pet stores.
PJSC “Dniprovsky Metallurgical Plant” (DMZ), part of the DCH Steel division of Oleksandr Yaroslavsky’s DCH Group, reduced its net loss by 4.8 times in January–September of this year compared to the same period last year—to 97.239 million UAH from 467.490 million UAH.
According to the company’s interim report, available to the Interfax-Ukraine news agency, revenue from ordinary operations during this period fell by a factor of 2.5—to 606.339 million UAH.
The accumulated loss as of the end of September 2026 stood at 836.770 million UAH.
As previously reported, in the first quarter of 2026, DMZ reduced its loss by 78.3% compared to the same period in 2025—to 29.031 million UAH from 133.943 million UAH, while income from ordinary operations fell nearly sevenfold—to 131.165 million UAH from 886.267 million UAH.
In the first half of the year, DMZ reduced its loss by 75.9% compared to the same period last year—to 63.8 million UAH, while revenue fell by a factor of 3.6—to 374.935 million UAH.
DMZ’s loss increased 5.5-fold compared to 2024—to 1,225.795 million UAH, while revenue from ordinary activities fell 3.2-fold—to 1,664.980 million UAH.
DMZ reported a net loss of 222.117 million UAH for 2024, compared to a net profit of 504.591 million UAH in 2023. In 2022, the company reported a net profit of 4.225 million UAH, compared to 1 billion 725.157 million UAH in 2021. The year 2020 ended with a net loss of 394.091 million UAH.
DMZ specializes in the production of steel, cast iron, rolled steel, and products made from them. The plant has a full metallurgical production cycle: a blast furnace shop, an oxygen converter shop, coke and chemical production, and rolling production, which consists of two section rolling mills (Mill 800 and Mill 550).
On March 1, 2018, the DCH Group signed an agreement with Evraz to purchase the Dnipro Metallurgical Plant.
According to data from the National Securities and Stock Market Commission (NSSMC) for August, as of November 2, 2026, Drampisco Limited (Cyprus) owns 97.7346% of DMZ’s shares.
According to the 2025 report, the ultimate beneficial owner (controlling shareholder) of PJSC “Dniprovsky Metallurgical Plant” is Oleksandr Yaroslavskyi, who holds Ukrainian and British citizenship. Type of beneficial ownership: indirect controlling influence; percentage of share capital (indirect influence): 87.96%.
The PrJSC’s share capital is 574.994 million UAH, and the par value of a share is 0.25 UAH.
DCH, DMZ, LOSS, METALLURGY, REVENUE
PJSC “Ingulets Mining and Processing Plant” (Ingulets Mining and Processing Plant, Kryvyi Rih, Dnipropetrovsk Oblast), a member of the Metinvest Group, reported a 2.3-fold increase in its net loss to 3 billion 360.691 million UAH based on its performance from January through September of this year.
According to the company’s interim report, which is available to the Interfax-Ukraine news agency, the loss in the third quarter of 2026 amounted to 874.917 million UAH.
Revenue from ordinary operations for this period amounted to 302,000 UAH, which was generated in the first quarter of 2026; for the first nine months of 2025, it was 25.453 million UAH.
Retained earnings as of the end of September totaled 3 billion 667.112 million UAH.
The report states that the main factors affecting the company’s operations include limited demand—including due to the loss of metallurgical plants in eastern Ukraine—logistical challenges, 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 operations under wartime conditions.
“However, Metinvest’s specialists worked actively over the past year to improve the situation, maintain the plant’s economic viability, and secure jobs for the staff. In 2025, the production process was partially restored as part of ore mining for shipment to PJSC “TsGZK,” the report states.
At the same time, it is specified that during the first nine months of 2026, no commercial concentrate was produced, and no ore was mined. As part of the capital investment program for January–September 2026, a project to establish an in-house blasting unit is underway.
“Since the beginning of the year, blasting operations have been carried out in-house at the open-pit mines of the PIVNGZK Group and the TsGZK Joint-Stock Company. Since September, due to the shutdown of the PIVNGZK Group, blasting operations have also been carried out at the PIVNGZK Production Complex,” the 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 the first half of this year, IngZK increased its net loss by 2.9 times—to 2,485,774 million UAH from 858,314 million UAH in the same period last year. Income from ordinary activities for this period amounted to 302 thousand UAH, which was generated in the first quarter of 2026.
In 2025, Ingulets GOK increased its net loss by 7.1 times, to 9,297,362,000 UAH, while income from ordinary activities for the past year amounted to 40,300 UAH, compared to 7,793,635,000 UAH in 2024.
The company specializes in the mining 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 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.
