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.
PJSC “Ingulets Mining and Processing Plant” (Ingulets MPC, Kryvyi Rih, Dnipropetrovsk Oblast), a member of the Metinvest Group, reported a 5.4-fold increase in net loss for January–March of this year—to UAH 1,397.987 million from UAH 259.450 million 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 amounted to UAH 302,000, whereas in 2024 there was none.
Retained earnings as of the end of March amounted to UAH 5,118,127,000.
According to the annual report, Ingulets GOK increased its net loss by 7.1 times in 2025, to 9.297362 billion UAH, while revenue from ordinary activities for the past year amounted to 40,300 UAH compared to 7.793635 billion UAH in 2024.
As reported, Ingulets GOK ended 2024 with a net loss of UAH 1.317997 billion, while in 2023 it amounted to UAH 167.236 million. The plant ended 2022 with a net loss of UAH 851.259 million, while in 2021 it reported a net profit of UAH 20.446101 billion. In 2020, Ingulets GOK reduced its net profit by 75.3% compared to the previous year—to UAH 1.5 billion.
The company specializes in the extraction 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 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 UAH 689.906 million, with a par value of UAH 0.25 per share.
Ingulsk GOK 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.
The ‘Kametstal’ plant, part of the “Metinvest” mining and metallurgical group and established at the facilities of the Dniprovsky Metallurgical Plant (DMP, Kamyanske, Dnipropetrovsk Oblast), increased its net loss by 13.3 times in January–March of this year compared to the same period last year—to UAH 1,421.376 million from UAH 107.083 million.
According to the company’s interim report, available to the Interfax-Ukraine agency, revenue from ordinary activities for this period rose by 17.7%—to UAH 17.356948 billion.
The uncovered loss as of the end of March amounted to UAH 2.150491 billion.
According to the annual report, the plant posted a net profit of UAH 961.340 million in 2025, whereas it ended 2024 with a net loss of UAH 237.705 million. Meanwhile, revenue from ordinary activities for the past year increased by 12.2% to UAH 58.780443 billion.
As reported, the plant ended 2024 with a loss of 237.705 million UAH, while in 2023 the loss amounted to 912.333 million UAH. The plant ended 2022 with a net loss of UAH 883.119 million, while in 2021 it posted a net profit of UAH 120.277 million.
“Kametstal” was established on the basis of PJSC “Dniprovsky Coke Chemical Plant” (DKHP) and the Central Metallurgical Plant of PJSC “Dniprovsky Metallurgical Plant” (DMP). The average number of full-time employees for the third quarter of 2025 was 7,226.
According to the National Bank of Ukraine’s data for the fourth quarter of 2025, Metinvest B.V. (Netherlands) owns 100% of the company’s shares.
The authorized capital of PJSC “Kametstal” is UAH 170.584 million.
