Based on its performance in January–June of this year, the Kryvyi Rih Iron Ore Plant (KZRK) saw its net loss increase by 9.4% compared to the same period last year—to 1 billion 407.383 million UAH.
According to KZRK’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary operations during this period fell to 336.132 million UAH from 1 billion 250.939 million UAH.
The uncovered loss as of the end of June 2026 amounted to 876.156 million UAH.
As previously reported, KZRK’s net loss in the first quarter increased 4.4-fold compared to the same period last year—to 378.948 million UAH from 85.925 million UAH. During this period, revenue from ordinary activities decreased to 135.457 million UAH from 705.526 million UAH.
From January through September 2025, KZRK increased its net loss by 3.2 times compared to the same period in 2024—to 1,487.217 million UAH; net income for this period decreased by 41.6%—to 1,601.822 million UAH.
The annual report for 2025 has not yet been published.
KZRK ended 2024 with a net loss of 2 billion 14.015 million UAH, whereas in 2023 it amounted to 63.411 million UAH. Net revenue in 2024 amounted to 3 billion 443.081 million UAH, compared to 5 billion 577.923 million UAH in 2023.
It was previously reported that on May 23, 2025, “Your Energy Supplier” LLC (Kyiv) filed a petition with the Commercial Court of Dnipropetrovsk Oblast to initiate bankruptcy proceedings against KZRK due to outstanding payments for electricity consumed. The Commercial Court of Dnipropetrovsk Oblast ruled to open bankruptcy proceedings against KZRK on June 9 of this year.
KZRK specializes in underground iron ore mining. It comprises four mines: “Pokrovska” (formerly “Zhovtneva”), the “Kryvyi Rih” mine (“Batkivshchyna”), “Kozatska” (formerly “Hvardiyiska”), and “Ternivska” (formerly the Ordzhonikidze Ore Administration, later the Lenin Ore Administration).
According to data from the National Securities and Stock Market Commission for the first quarter of 2026, the main shareholder of KZRK is Starmill Limited (Cyprus), which owns 99.8812% of its shares. Operational control of the combine was exercised by the “Privat” Group prior to the initiation of bankruptcy proceedings.
In May 2023, Ukraine imposed sanctions against dozens of foreign companies linked to Russian individuals that own significant assets in Ukraine, including KZRK. Some of these assets had already been seized, but the sanctions paved the way for their confiscation. The corresponding Presidential Decree No. 279 of May 12 was published on the President’s website. In particular, the list of legal entities includes Starmill Limited, which owns 99.89% of KZRK under the operational control of the Privat Group.
The company’s authorized capital is 1 billion 991.233 million UAH.
The Novokramatorsk Machine-Building Plant (NKMZ, Kramatorsk, Donetsk Oblast) ended the first half of 2026 with a loss of 228.2 million UAH, a 3.7-fold increase compared to January–June 2025
According to the financial report published on the plant’s website, net sales revenue for this period fell by more than half—to 371.4 million UAH.
The gross loss amounted to 63.4 million UAH, compared to a profit of 173.3 million UAH in January–June 2025, while the operating loss reached 275 million UAH (a 5.5-fold increase).
Products worth UAH 351.7 million, or 94.7% of total revenue, were exported during the reporting period, while the volume of exports fell by more than half.
Specifically, exports to the main export market, India, fell by 47.2% to 166.8 million UAH; exports to Slovakia dropped by nearly 20% to 45.5 million UAH; by a factor of 3.2 to Romania—to 3.7 million UAH—and there were no shipments to Bulgaria (63.4 million UAH in the first half of 2025), Lithuania (36.2 million UAH), or France (6.1 million UAH).
In contrast, shipments to Poland increased 3.6-fold—to 44.9 million UAH, and to Luxembourg by 47.5%—to 63.9 million UAH.
In the second quarter, the volume of products sold amounted to 194.6 million UAH, including 189.7 million UAH for export; the volume of marketable products was 99.9 million UAH, including 95.0 million UAH for export. The loss amounted to 112.7 million UAH (compared to 88.4 million UAH a year ago).
“Despite the difficult economic situation and martial law in Ukraine, NKMZ will continue to maintain its equipment and workforce and develop projects in the field of research and innovation,” the report states.
At the same time, the plant notes that operating amid Russia’s military aggression against Ukraine, the proximity of the front lines, logistical challenges, and disruptions in energy supply have led to a significant reduction in production volumes and irregular operations.
Under these conditions, the company has temporarily suspended production since June of this year. According to information on the company’s website, on June 12 of this year, it refuted media reports regarding the relocation of NKMZ to Perechyn (Zakarpattia Oblast).
“PJSC ‘NKMZ’ is not relocating the enterprise to the city of Perechyn, is not moving its production facilities, and is not implementing any projects related to the enterprise’s relocation to Zakarpattia Oblast,” reads a statement from the press service on the website.
NKMZ is a key employer in Kramatorsk and Ukraine’s largest manufacturer of rolled steel, metallurgical, forging and pressing, hydraulic, mining, hoisting and transport, and railway equipment.
The plant ended 2025 with a loss of 127 million UAH, whereas in 2024, net profit amounted to 36.3 million UAH, following a 29.6% increase in net revenue to 1.49 billion UAH.
As of July 1, 2026, the average headcount of full-time employees stood at 4,018—a decrease of 12.7%, or 587 people, compared to the previous year.
The Kryvyi Rih Mining and Metallurgical Plant, PJSC “ArcelorMittal Kryvyi Rih” (AMKR, Dnipropetrovsk Oblast), ended the January–June period of this year with a net loss of 6 billion 641.858 million UAH, an increase of 57.4% compared to the first half of last year, when it stood at 4 billion 219.136 million UAH.
According to the company’s interim report, a copy of which is available to the Interfax-Ukraine news agency, AMKR’s revenue from ordinary operations for this period amounted to 32,839,717 million UAH, compared to 33,818,076 million UAH in January–June 2025.
The accumulated loss as of the end of June 2026 amounted to 39,482.201 million UAH.
AMKR’s production volumes for the reporting period were as follows: pig iron—311,234 thousand metric tons; rolled steel—381,185 thousand metric tons; and iron ore concentrate—633,045 thousand metric tons. Exports accounted for 66% of total sales. During the reporting period, AMKR sold steel products on the domestic market, in European markets, and to other countries, such as Egypt, Moldova, and Turkey. The products were exported by rail and through Black Sea ports.
As previously reported, ArcelorMittal Kryvyi Rih ended the January–March 2026 period with a net loss of 4 billion 599.057 million UAH, an increase of 54.8% compared to the same period in 2025, when the loss amounted to 2 billion 970.387 million UAH. Revenue from ordinary operations during this period amounted to 13,244.044 million UAH, compared to 15,063.014 million UAH in January–March 2025.
AMKR ended 2025 with a net loss of 8 billion 896.797 million UAH, while in 2024 it amounted to 8 billion 848.963 million UAH. Revenue from ordinary activities for 2025 reached 70 billion 634.443 million UAH, compared to 64 billion 591.407 million UAH in 2024.
At the same time, AMKR ended 2025 with a consolidated net loss of 8 billion 887.789 million UAH, compared to 8 billion 841.794 million UAH in 2024. At the same time, consolidated income from ordinary activities amounted to 70,627,356 million UAH in 2025, compared to 64,599,685 million UAH in 2024. The consolidated uncovered loss at the end of last year stood at 32,927,580 million UAH.
In 2024, the plant reduced its consolidated net loss by 25.5% compared to 2023—to 8 billion 841.812 million UAH from 11 billion 875.984 million UAH. At the same time, net revenue decreased by 54.3%—to 64,599,685,000 UAH from 41,873,521,000 UAH.
“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 smaller companies, including PJSC “ArcelorMittal Beryslav.”
According to the company, ArcelorMittal Duisburg GmbH (Germany) owns 95.128% of its shares.
The steel complex’s authorized capital is 3 billion 859.533 million UAH.
PJSC “Ukrainian Graphite” (“Ukrgraphite,” Zaporizhzhia) reported a 53.7% increase in its net loss for the January–June period of this year compared to the same period last year, bringing the total to 180.462 million.
According to the company’s interim report, which is available to the Interfax-Ukraine news agency, revenue for this period decreased by 5.1% to 651.465 million UAH.
The company’s retained earnings as of the end of June amounted to 3,221.034 million UAH.
The management report notes that production is currently taking place amid a challenging situation in Ukraine’s energy sector and high energy prices, which requires the implementation of additional measures to improve energy efficiency to ensure the company’s uninterrupted operation. Specifically, these include work to modernize the mixing and pressing section (installation of an electrically heated mixing machine and restoration of the operational capacity of the electrode paste production line for the manufacture of carbonizing agents); modernization of the impregnation section—purchase and commissioning of a new vacuum system, which will ensure stable operation of the autoclaves to achieve a deep vacuum and help reduce vacuum oil consumption; modernization of the graphitization section—upgrading the mobile pneumatic system, which improves the system’s operational reliability, extends maintenance intervals, and reduces downtime.
In addition, the company modernized its electricity metering system—automating the monitoring of electricity consumption by the company’s divisions (consumer workshops) in production processes, optimizing the operating schedule of process equipment, and managing consumption.
In 2025, “Ukrgrafit” saw its net loss increase by 31.3% compared to 2024—to 265.776 million—while revenue for this period decreased by 13.5%—to 1 billion 272.074 million UAH.
“Ukrgrafit” ended 2024 with a net loss of 202.447 million UAH, whereas in 2023 it increased its net profit by a factor of 2.34 compared to 2022—to 122.920 million UAH.
“Ukrgrafit” is Ukraine’s leading manufacturer of graphitized electrodes for electric steel-melting, ore-thermal, and other types of electric furnaces; commercial carbon compounds for Soderberg electrodes; and carbon-based refractory materials for enterprises in the metallurgical, machine-building, chemical, and other industrial sectors.
According to data from the National Depository of Ukraine (NDU) for the first quarter of 2026, 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 233.959 million UAH, and the par value of each share is 3.35 UAH.
PJSC “Dniprospetsstal Electrometallurgical Plant” (Zaporizhzhia) reported a fourfold increase in its net loss for January–June of this year compared to the same period last year—rising to 728.629 million UAH from 180.048 million UAH.
According to the company’s interim report, available to the agency “Interfax-Ukraine”, revenue from ordinary operations for this period decreased by 21.5%—to 2,205.763 million UAH.
The accumulated loss as of the end of June 2026 amounted to 6,935.497 million UAH.
As previously reported, in the first quarter of 2026, Dniprospetsstal saw its net loss increase 3.9-fold compared to the same period last year, reaching 510.751 million UAH. Revenue from ordinary operations for this period decreased by 21.4%—to 957.475 million UAH from 1 billion 217.961 million UAH.
According to the 2025 report, the company’s net loss last year increased by 22.1% compared to 2024—to 711.015 million UAH from 582.427 million UAH. At the same time, revenue from ordinary operations for this period decreased by 6.2%—to 5,330.967 million UAH from 5,686.039 million UAH.
“Dniprospetsstal” is Ukraine’s sole manufacturer of long products and forgings made from special steel grades: stainless steel, tool steel, high-speed steel, bearing steel, structural steel, as well as heat-resistant nickel-based alloys.
According to the National Securities and Stock Market Commission’s data for the first quarter of 2026, its shares are held by Wenox Holdings Ltd. (47.1128%), Boundryco Ltd. (11.0131%), Gazaro Ltd. – 16.5197%, Crascoda Holdings – 6.6826%, and Middleprime Limited – 9.7901% (all based in Cyprus).
It was previously reported that in May 2008, the international investment and consulting group EastOne sold its approximately 30% stake in Dniprospetsstal, which had previously been held under the group’s mandate. The plant’s new shareholders are linked to VS Energy International, whose beneficial owners include several Russian entrepreneurs.
According to the report, in May 2023, pursuant to a decision by the National Security and Defense Council of Ukraine (NSDC) dated May 12, 2023, personal economic sanctions were imposed on the ultimate beneficial owner of PJSC “Dniprospetsstal.”
The authorized capital of the PJSC amounts to 49.720 million UAH.
The “Sukha Balka” mine (Kryvyi Rih, Dnipropetrovsk Oblast), part of Oleksandr Yaroslavskyi’s DCH Group, reduced its net loss by 68.5% in January–June of this year compared to the same period last year, down to 77.849 million UAH.
According to the company’s interim report, available to the Interfax-Ukraine news agency, revenue from ordinary operations during this period decreased by 1.7% to 1,359.399 million UAH.
Retained earnings as of the end of June 2026 amounted to 1,771.898 million UAH.
As previously reported, in January–March 2026, the Sukha Balka mine reduced its net loss by 28.4% compared to the same period in 2025—to 91.534 million UAH from 127.857 million UAH. Revenue from ordinary activities decreased by 9.1%—to 616.301 million UAH from 678.241 million UAH.
In 2025, the mine reported a loss of 420.199 million UAH on revenue from ordinary activities of 2 billion 690.771 million UAH. It ended 2024 with a net loss of 333.856 million UAH, while 2023 closed with a net profit of 114.837 million UAH. In 2022, net profit fell by a factor of 2.7 compared to 2021—to 487.878 million UAH from 1 billion 326.460 million UAH.
The “Sukha Balka” Mine is one of the leading enterprises in Ukraine’s mining industry. It extracts iron ore using underground mining methods. The mine complex includes the Yuvileina Mine and the Frunze Mine. Frunze.
The average number of full-time employees at the enterprise is 1,172.
In May 2017, the DCH Group acquired the mine from the Evraz Group.
According to the National Securities and Stock Market Commission’s data for the first quarter of 2026, Yaroslavsky directly owns 77.4193% of the mine’s shares, while Artem Aleksandrov, a resident individual, owns 15.4938%.
The authorized capital of PrJSC “Sukha Balka” is 41.869 million UAH, and the par value of a share is 0.05 UAH.
LOSS, Mine, ORE, REVENUE, SUKHA BALKA
