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
Yeristovsky Mining and Processing Plant LLC (YMPP, Horishni Plavni, Poltava Oblast), a subsidiary of the mining company Ferrexpo, whose majority shareholder is Konstantin Zhevago, reduced its net loss by 21.9% in January–June of this year compared to the same period last year—to 629.283 million UAH from 805.243 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 fell by a factor of 5.5—to 1,326.967 million UAH from 7,274.247 million UAH.
The uncovered loss as of the end of June 2026 amounted to 1,190,199 million UAH.
As previously reported, in January–March of this year, YEGZK reduced its net loss by 11.7% compared to the same period last year—to 330,780 million UAH from 374,477 million UAH; while revenue from ordinary operations for this period fell by a factor of 14.7—to 400.753 million UAH from 5 billion 898.156 million UAH.
The official report for 2025 has not yet been published. At the same time, YEGZK reported a net loss of 879.341 million UAH for January–September 2025, whereas in the same period of 2024, it had reported a profit of 514.369 million UAH. Revenue for this period decreased by 45.3%—to 8 billion 124.766 million UAH. Retained earnings as of the end of September 2025 amounted to 171.842 million UAH.
According to YouControl, YEGZK’s net loss in 2025 totaled 1 billion 488.580 million UAH, while revenue amounted to 8 billion 773.725 million UAH.
In 2024, the LLC reported a net profit of 1 billion 84.107 million UAH, compared to 1 billion 832.538 million UAH in 2023.
Yeristivsky Mining and Processing Plant LLC extracts both high- and low-grade iron ore. The LLC was registered on July 14, 2008. As of December 31, 2024, the company had 1,797 employees (compared to 1,789 in 2023).
According to the annual report, as of December 31, 2024, Ferrexpo AG (Switzerland) held a 99.999% stake in Yeristivsky GZK LLC, while Ferrexpo Service LLC (Ukraine) held a 0.001% stake.
It is noted that Ferrexpo AG, which is wholly owned by Ferrexpo plc (the ultimate parent company), exercises control over Ferrexpo Service LLC. A stake of less than 50% in Ferrexpo plc is ultimately held by Minso Trust, whose beneficiaries are Konstantin Zhevago and his immediate family members, and which was established to manage the stake in the Ferrexpo group of companies.
The authorized capital of YEGOK LLC is 8 billion 263.698 million UAH.
PJSC “United Mining and Chemical Company” (UMCC, UMCC Titanium) increased its net loss 2.5-fold in January–June of this year compared to the same period last year—to 745.401 million UAH from 295.030 million UAH.
According to the company’s interim report, which is available to the agency “Interfax-Ukraine,” revenue from ordinary operations for this period rose by 34.8%, to 1,117.088 million UAH.
The accumulated loss as of the end of June stood at 3,515.530 million UAH.
As previously reported, OGHK doubled its net loss in the first quarter of 2026 compared to the same period last year—to 411.235 million UAH from 203.236 million UAH. Revenue from ordinary operations for this period rose to 331.342 million UAH from 239.604 million UAH in the first quarter of 2025.
In 2025, the company reported a net loss of 2 billion 118.156 million UAH, whereas in 2024 it posted a profit of 17.009 million UAH, with revenue from ordinary operations amounting to 1,510.751 million UAH (in 2024 – 2,851.180 million UAH).
In 2025, the total number of employees at OGHK was 4,443, including 3,031 at VGMK and 1,194 at IGZK.
“Cement Ukraine” LLC, controlled by NEQSOL Holding, acquired OGHK at an auction on October 9, 2024, for 3 billion 938 million 351.58 UAH. On November 19, 2024, the State Property Fund of Ukraine (FGIU) and Cement Ukraine LLC entered into Agreement No. 217 for the sale and purchase of a 100% stake in OGHK. On May 29, 2025, the Antimonopoly Committee of Ukraine granted approval for the concentration. On June 10, 2025, “Cemin Ukraine” LLC became the owner of 100% of the company’s shares. “Cemin Ukraine” LLC is part of the international NEQSOL group of companies, with the ultimate parent company NEQSOL Holding B.V. (Netherlands), owned by Azerbaijani citizen Nasib Hasanov.
OGHK has two subsidiaries—the Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipropetrovsk Oblast) and the Irshansk Mining and Processing Plant (IGZK, Zhytomyr Oblast). OGHK’s main activities include open-pit mining of titanium ores, as well as the production and wholesale trade of titanium ore concentrates (zircon, ilmenite, rutile, disten-sillimanite, staurolite, and quartz sand).
According to data from the National State Treasury for the first quarter of 2026, “Cemin Ukraine” LLC owns 100% of OGHK’s shares.
The authorized capital of OGHK PJSC is 1.994 billion UAH, and the par value of a share is 1 UAH.
PJSC “Central Mining and Processing Plant” (CMPP, Dnipropetrovsk Oblast), a member of the Metinvest Group, reported a 17.8% reduction in its net loss for January–June of this year—to 940.865 million UAH from 1 billion 144.522 million UAH 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 increased by 11.8% to 9 billion 4.528 million UAH.
Retained earnings as of the end of June amounted to 2 billion 161.850 million UAH.
As previously reported, TsGZK’s net loss for the first three months of 2026 increased by 20.9%—to 468.466 million UAH from 387.594 million UAH in the same period last year. Revenue from ordinary operations for this period decreased by 3%—to 4.406260 billion UAH.
In 2025, TsGZK saw its net loss increase 5.3-fold, to 3,428.076 million UAH from 648.004 million UAH in 2024. At the same time, revenue from ordinary operations for the past year rose by 1%—to 15,988.004 million UAH.
The plant ended 2024 with a net loss of 648.004 million UAH, whereas in 2023 it amounted to 1 billion 326.661 million UAH. In 2022, the company saw its net profit drop by more than four times, to 2,117.831 million UAH from 8,919.978 million UAH in 2021. In 2020, TsGZK increased its net profit by 8.7% compared to the previous year, reaching 1.601 billion UAH.
TsGZK is one of Ukraine’s five largest producers of mining raw materials and specializes in the extraction and production of iron ore (concentrate and pellets). The average number of full-time employees is 3,360.
Metinvest B.V. owns 100% of the shares in TsGZK.
The authorized capital of PrJSC “TsGZK” is 296.635 million UAH, and the par value of each share is 0.25 UAH.
TsGZK is part of the Metinvest Group, whose major 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.
PJSC “Pokrovsky Mining and Processing Plant” (PGZK, formerly Ordzhonikidze Mining and Processing Plant, Dnipropetrovsk Oblast) increased its net loss by 30.3% in January–June of this year compared to the same period last year, reaching 194.190 million UAH.
According to PGZK’s interim report for the first six months of 2026, which is available to the Interfax-Ukraine news agency, revenue from ordinary operations for this period decreased by 29.5% to 374.943 million UAH. The accumulated loss as of the end of June 2026 amounted to 556.538 million UAH.
The report notes that the Nikopol Ferroalloy Plant and ZZF remain the company’s main customers at present. At the same time, PGZK continues to expand its sales geography by maintaining negotiations with potential foreign buyers. During the reporting period, foreign trade contracts were signed with partners from Georgia and Slovakia. Actual product shipments are currently being made to both countries.
In the second quarter of 2026, management identified the following key areas of focus: reducing and optimizing tax liabilities; improving energy efficiency by reducing specific energy consumption; optimizing the use of fuels and lubricants; improving the organizational structure and optimizing staffing levels; increasing revenue from ancillary activities, in particular the sale of ferrous and non-ferrous scrap metal and the provision of transportation and construction services; continuing to support the Armed Forces of Ukraine.
As reported, PGZK increased its net loss by 25.56% in January–March 2026 compared to the same period last year—to 114.678 million UAH from 91.322 million UAH; revenue from ordinary operations for this period decreased by 52.2%—to 133.646 million UAH.
In 2025, PGZK reduced its net loss by 47% compared to 2024—to 377.357 million UAH from 712.380 million UAH; income from ordinary activities for this period increased by 26%—to 1 billion 281.772 million UAH.
Four Cypriot companies—Profetis Enterprises Limited, Exseed Investments Limited, Clemente Enterprises Limited, and Alexton Holdings Limited (all based in Cyprus)—each own 24.3024% of the shares in the private joint-stock company.
The authorized capital of the private joint-stock company is 736.134 million UAH, and the par value of each share is 0.25 UAH.
EXPORTS, LOSS, MANGANESE, Pokrovsky Mining and Processing Plant, REVENUE
