JSC “Ukrzaliznytsia” increased its net loss by 17.3% in January-March 2026 compared to the same period in 2025—to 7.9 billion UAH—as a result of constant enemy shelling and rising energy costs, according to a company statement on Facebook on Monday.
“The first quarter of 2026 was a difficult test for Ukrzaliznytsia. The enemy carried out 541 strikes on railway infrastructure and rolling stock—that is half the number of all attacks in 2025,” Ukrzaliznytsia reported.
The company specified that 1,700 railway facilities were damaged as a result of enemy attacks, and 28 railway workers were injured while performing their duties.
According to Ukrzaliznytsia’s consolidated interim financial report, net revenue increased by 2.2% to 21.8 billion UAH, while gross losses rose by 35.9% to 7.2 billion UAH.
The operating loss for the first quarter of 2026 also rose by 16.5% to 6.6 billion UAH.
In addition, due to abnormal cold weather, freight volumes for January–March 2026 decreased by 6.4% compared to last year—to 34.8 million tons of cargo, the report states.
It is noted that long-distance passenger traffic decreased by 10% compared to the same period in 2025, down to 5.8 million passengers. The company attributed this to enemy attacks on passenger trains and railway infrastructure.
“Because of this, railway workers were forced to temporarily reduce or change train routes. The situation was further complicated by rising fuel prices amid the conflict in the Middle East and general market instability,” the statement said.
It is noted that in March of this year, the purchase price of diesel fuel rose by nearly 50%, and the increase in electricity prices resulted in additional costs of 2.58 billion hryvnias.
“Ukrzaliznytsia is forced to optimize development and restoration costs as much as possible to ensure uninterrupted service under difficult conditions, although it requires additional resources for repairs,” the company added.
At the same time, Ukrzaliznytsia stated that it is exceeding its operational efficiency improvement program by more than 10.2 billion UAH, specifically by leasing space through Prozorro, transferring non-core assets, and other measures.
PJSC “Interpipe Novomoskovsk Pipe Plant” (“Interpipe NMTZ,” Dnipropetrovsk region) reported a consolidated net loss of UAH 120.216 million for the January-March period of this year, compared to a consolidated net profit of UAH 6.006 million in the same period last year.
According to the company’s interim consolidated report, which is available to the Interfax-Ukraine agency, net revenue from product sales for this period decreased by 24.9%, to UAH 269.525 million from UAH 269.525 million in the first quarter of 2025.
Retained consolidated earnings as of the end of March amounted to UAH 210.495 million.
It was previously reported that Interpipe NMTZ posted an unconsolidated net loss of UAH 104.411 million for the first quarter of 2026, compared to an unconsolidated net profit of UAH 35.697 million in the same period last year. Unconsolidated revenue from ordinary activities for this period decreased to UAH 69.382 million from UAH 243.431 million in the first quarter of 2025. Retained unconsolidated earnings as of the end of March amounted to UAH 357.504 million.
According to the annual consolidated financial report, NMTZ reported a net profit of UAH 10.161 million in 2025, compared to a loss of UAH 194.563 million in 2024. At the same time, revenue from ordinary activities for the past year increased by 27.3% to UAH 2.808420 billion.
In 2023, Interpipe NMTZ reported a consolidated net profit of UAH 140.327 million.
Interpipe NMTZ specializes in the production of welded pipes for the oil and gas industry, mechanical engineering, construction, and other industrial sectors.
According to the National Securities and Stock Market Commission (NSSMC) data for the first quarter of 2026, Interpipe Limited owns 90.8199% of the plant’s shares, while Lindsell Enterprises Limited (registered in Cyprus) owns 6.2918%.
The authorized capital of PJSC “Interpipe NMTZ” is UAH 50 million, and the par value of a share is UAH 0.25.
Poltava Mining and Processing Plant PJSC (PGZK, Komsomolsk, Poltava Oblast), the main asset of the Ferrexpo Group, whose majority shareholder is businessman Kostyantyn Zhevago, reduced its net loss by 2.94 times compared to the same period last year—to UAH 406.452 million from UAH 1.19657 billion—based on its performance in January–March of this year.
According to the company’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period also decreased by 2.94 times—to 2.508029 billion UAH from 7.363388 billion UAH.
Retained earnings as of the end of March 2026 amounted to UAH 11.923358 billion.
The official report for 2025 has not yet been published. At the same time, PGZK reported a net loss of UAH 2.043378 billion for the first nine months of 2025, compared to a net profit of UAH 448.185 million in the first nine months of 2024; revenue then decreased by 9.7% to UAH 16.204660 billion. Retained earnings as of the end of September 2025 amounted to UAH 17.563201 billion.
PGZK’s net loss in 2025 amounted to UAH 4.861128 billion, with revenue of UAH 20.775232 billion.
According to the 2024 annual report, PGZK incurred a loss of UAH 3,153,916,000 in 2024 on revenue from ordinary activities of UAH 23,707,648,000; in 2023, the loss amounted to 5,444,659 million UAH with revenue of 15,065,640 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 Audit Office’s data for the first quarter of 2026, Ferrexpo AG (Switzerland) owns 100% of the shares in Poltava Mining.
Poltava Mining’s authorized capital is 3.0876 billion UAH.
PJSC “Electrometallurgical Plant ”Dniprospetsstal” (Zaporizhzhia) increased its net loss by 3.9 times in the January-March period of this year compared to the same period last year, reaching UAH 510.751 million.
According to the company’s interim report, available to the Interfax-Ukraine agency, revenue from ordinary activities for this period decreased by 21.4%—to UAH 957.475 million from UAH 1.217961 billion.
The uncovered loss as of the end of March 2026 amounted to UAH 6.775516 billion.
According to the 2025 report, the company’s net loss last year increased by 22.1% compared to 2024—to UAH 711.015 million from UAH 582.427 million. At the same time, revenue from ordinary activities for this period decreased by 6.2%—to 5.330967 billion UAH from 5.686039 billion UAH.
74.6% of the company’s total sales volume is supplied to the Ukrainian market, while 25.4% is exported. The most important export markets (based on the share of sales in exports): Western Europe – 43.9%, North and South America – 26.6%, Eastern Europe – 25.5%, with the remainder distributed among the Far and Middle East.
As of December 31, 2025, the company’s workforce numbered 2,814 people (in 2024 – 3,147 people).
“Dniprospetsstal” is Ukraine’s sole manufacturer of long products and forgings made from special steel grades: stainless, tool, high-speed, bearing, structural, as well as heat-resistant nickel-based alloys.
According to the National Securities and Stock Market Commission (NSSMC) as of the fourth quarter of 2025, 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. Meanwhile, the plant’s new shareholders are linked to VS Energy International, whose beneficiaries 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 Dniprospetsstal.
The company’s authorized capital is UAH 49.720 million.
PJSC Yuzhkoks (Kamenskoye, Dnipropetrovsk Oblast) reported a 2.1-fold increase in its net loss for January–March of this year compared to the same period last year—to UAH 110.027 million from UAH 226.338 million.
According to the company’s interim report, available to the Interfax-Ukraine agency, revenue from ordinary activities for this period decreased by 5.6%, to UAH 2,176.428 million.
The uncovered loss as of the end of March amounted to UAH 2,812.386 million.
According to the annual financial report, the plant incurred a net loss of 3.195470 billion UAH in 2025, compared to 272.925 million UAH in 2024. At the same time, revenue from ordinary activities for the past year decreased by 12.9% to 8.582546 billion UAH.
As reported, Yuzhkoks increased its net loss by 4.7 times in 2024 compared to the previous year—to UAH 272.925 million from UAH 58.0252 million.
Yuzhkox ended 2022 with a net loss of UAH 1.206942 billion, compared to a net profit of UAH 1.292672 billion reported for 2021.
According to the National Securities and Stock Market Commission (NSSMC) data for the first quarter of 2026, Dashuria Ltd. (Cyprus) owns 94.9565% of the company’s shares.
The authorized capital of PJSC “Yuzhkoks” is UAH 171.918 million, and the par value of a share is UAH 0.25.
PJSC “Central Mining and Processing Plant” (TsGZK, Dnipropetrovsk Oblast), a member of the Metinvest Group, reported a 20.9% increase in its net loss for January–March of this year—to UAH 468.466 million from UAH 387.594 million in the same period last year.
According to the company’s interim report, which is available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period decreased by 3%—to UAH 4,406.260 million.
Retained earnings as of the end of March amounted to UAH 2,463.793 million.
According to the annual report, in 2025, the Central GOK increased its net loss by 5.3 times, to 3.428076 billion UAH from 648.004 million UAH in 2024. At the same time, revenue from ordinary activities for the past year grew by 1%—to UAH 15,988.004 million.
As reported, the plant ended 2024 with a net loss of UAH 648.004 million, while in 2023 it amounted to UAH 1,326.661 million. In 2022, the company reduced its net profit by more than four times, to UAH 2.117831 billion from UAH 8.919978 billion in 2021. In 2020, TsGZK increased its net profit by 8.7% compared to the previous year, reaching UAH 1.601 billion.
TsGZK is among the top five largest producers of mining raw materials in Ukraine and specializes in the extraction and production of iron ore raw materials (concentrate and pellets). The average headcount of full-time employees is 3,360.
Metinvest B.V. owns 100% of the shares in TsGZK.
The authorized capital of PrJSC “TsGZK” is UAH 296.635 million, with a par value of UAH 0.25 per share.
TsGZK 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.
