In January-September 2025, the manufacturer of agricultural equipment and special-purpose machinery, JSC “Fregat Plant” (Pervomaisk, Mykolaiv region), increased its losses by 21% compared to the same period in 2024, to UAH 50.3 million.
According to the company’s financial report published in the information disclosure system of the National Securities and Stock Market Commission, net sales revenue decreased 3.8 times to UAH 35.2 million.
The company received UAH 10.5 million in gross profit (a year ago – UAH 50.7 million), and the loss from operating activities amounted to UAH 33.3 million, compared to a profit of UAH 16.3 million in January-September 2024.
“During the reporting period, the company focused its efforts on maintaining its customer base, supporting long-term partnerships with counterparties, and ensuring the economical and rational use of funds,” the report says.
The Fregat plant notes that the degree of utilization of fixed assets in the reporting period was 20%.
According to the plant, in the third quarter, the production of agricultural machinery for crop production accounted for 5.5% of the total volume of commercial products, and equipment for the processing industries of the agro-industrial complex accounted for 1.6%, while other types of products accounted for 92.9%.
The average salary in the third quarter of 2025 was 12.5% lower than in the same period of 2024, at UAH 10,900.
The Fregat plant specializes in the production of irrigation systems, road barriers, metal structures, as well as machine-building products and special-purpose machines.
As of October 1, 2025, it had an average of 126 employees, with 85 at the Eastern branch and 10 at the Dnipro branch (both in Pervomaisk).
As reported, in 2024, the plant increased its losses by 58% compared to 2023, to UAH 60.4 million, while its net income increased by 34.6%, to UAH 188.6 million.
The Unisteel plant (Kryvyi Rih, Dnipropetrovsk region), which produces galvanized cold-rolled flat products and is part of the Metinvest Group, incurred a net loss of UAH 6.389 million in January-September this year, compared to UAH 196.913 million in the same period last year.
According to the company’s interim report, which is available to the Interfax-Ukraine agency, its profit in the third quarter of 2025 amounted to UAH 37.532 million.
Revenue for this period increased by 0.3% to UAH 2 billion 653.726 million.
The uncovered loss at the end of September amounted to UAH 1 billion 46.731 million.
The LLC ended 2024 with a loss of UAH 363.768 million, while in 2023 this figure was UAH 255.057 million.
The main products manufactured by the plant are galvanized flat rolled products with a thickness of 0.40 mm to 2.50 mm, a width of 600 to 1250 mm, and a coating class (Zn) of 60-275 g/m². The volume of finished product sales in 2024 and 2023 amounted to 113,321 thousand tons and 72,500 thousand tons, respectively. In 2024, 37,917 thousand tons (32.46%) were exported and 75,404 thousand tons (66.54%) were sold on the domestic market.
In 2024, the company employed 144 people.
The Unistil plant, which produces cold-rolled galvanized flat products with a capacity of over 100 thousand tons per year, was built in 2007-2010. It is equipped with equipment from Dongbu Machinery Co., LTD (South Korea).
The authorized capital of Unistil LLC is UAH 6.01 million.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions – as well as in European countries. The main shareholders of the holding company are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
Metinvest Digital LLC, the IT expertise center of Ukraine’s largest mining and metallurgical holding Metinvest, incurred a net loss of UAH 9.894 million in January-September this year, compared with a net profit of UAH 48.272 million in the same period last year.
According to the company’s interim report, which is available to Interfax-Ukraine, revenue for this period decreased by 3.1% to UAH 579.713 million.
Retained earnings at the end of September amounted to UAH 43.165 million.
In 2024, the LLC received a net profit of UAH 34.142 million, while it ended 2023 with a net loss of UAH 9.525 million.
Metinvest Digital is a Ukrainian IT company specializing in the digital transformation of large businesses and implementing projects in Ukraine, Europe, and North America. The company develops, implements, and supports comprehensive IT solutions for the development of technological infrastructure, information systems, strategic outsourcing, data migration, system integration, cybersecurity, and information security. Metinvest Digital is the IT business partner of the Metinvest Group, serving more than 30 of the holding’s enterprises around the world. The company is a certified partner of Microsoft (Gold Certified Partner) and SAP (Silver Partner).
More than 800 Metinvest Digital employees serve the group’s enterprises.
Metinvest Holding LLC owns 100% of Metinvest Digital LLC.
The company’s authorized capital is UAH 78.740 million.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions – as well as in European countries. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
Metinvest Sichstal LLC (MSS, Zaporizhia) increased its net losses by 30.1% in January-September this year compared to the same period last year, to UAH 36.227 million.
According to the company’s interim report, available to Interfax-Ukraine, the loss in the third quarter amounted to UAH 13.233 million.
Revenue for this period increased 5.3 times, to UAH 919.334 million from UAH 173.633 million.
The uncovered loss at the end of September amounted to UAH 80.522 million.
The LLC ended 2024 with a loss of UAH 15.075 million, while in 2023 it amounted to UAH 7.764 million.
Metinvest Sichstal LLC is a company within the Metinvest Group for the implementation of highly complex strategic investment projects, established in 2019.
MCC is one of the largest project organizations in Ukraine, capable of implementing large projects, from conceptual design to commissioning. The company’s goal is to implement key projects of the technological strategy of Metinvest Group companies. MCC provides an integrated process from investment idea, engineering, and design to procurement, construction, and commissioning.
Metinvest B.V. (Netherlands) owns a 100% stake in Metinvest Sichstal LLC.
The LLC’s authorized capital is UAH 30.405 million.
Metinvest Sichstal LLC is part of the Metinvest Group, whose main shareholders are System Capital Management (SCM, Donetsk) (71.24%) and the Smart Holding group of companies (23.76%). The managing company of Metinvest Group is Metinvest Holding LLC.
PJSC Central Mining and Processing Plant (CGZ, Dnipropetrovsk region), part of the Metinvest Group, increased its net loss by 3.5 times to UAH 1 billion 704.103 million in January-September this year, compared to UAH 520.593 million in the same period last year.
According to the company’s interim report, which is available to Interfax-Ukraine, the loss in the third quarter amounted to UAH 559.581 million.
In the first nine months of this year, the company increased its revenue by 10.9% to UAH 12.470708 billion.
Retained earnings at the end of September 2025 amounted to UAH 4.164960 billion.
In the first nine months of 2025, commercial production amounted to 2.062 million tons of concentrate (up 545,100 tons, or 35%, compared to 2024) and 1.692 million tons of pellets (up 28,600 tons, or 2%, compared to 2024). During the reporting period, 99.34% of products were supplied to the domestic market.
As part of the implementation of the plant’s capital investment program in Q1-Q3 2025, measures were taken to maintain production capacity, upgrade infrastructure, improve the efficiency of technological processes, and ensure the stable operation of the main production units. In accordance with the plant’s development program and within the established limits, railway tracks were re-laid and a railway track was built at the Grekukata station. Unloading station – Grekukata station; construction and installation work continued in the chamber of the section substation and tunnels as part of the project to provide power to the 607 m horizon of the Kolachevsky mine, and the construction of ort-entrances and the installation of vibrating rock loading units is also continuing.
In addition, work is underway to expand the tailings dam to a height of 129 m; measures are continuing to remove topsoil from the Artemivsk quarry; work is being carried out to modernize the cable communication infrastructure of the plant and the local computer network (Gleyuvatka fiber-optic communication line); major repairs of the washing facilities of the crushing plant, the Kolachevsky mine, and the Petrivsky quarry are continuing; During the plant’s daily shutdown, d1200 mm gates were replaced.
The plant ended 2024 with a net loss of UAH 648.004 million, compared to UAH 1 billion 326.661 million in 2023. In 2022, the company reduced its net profit more than fourfold, to UAH 2 billion 117.831 million from UAH 8 billion 919.978 million in 2021. In 2020, TsGZK increased its net profit by 8.7% compared to the previous year, to UAH 1.601 billion.
CGZK is one of the five largest producers of mining raw materials in Ukraine, specializing in the extraction and production of iron ore raw materials (concentrate and pellets). The average number of full-time employees is 3,360.
Metinvest B.V. owns 100% of the shares in ChGOK.
The authorized capital of PrJSC ChGOK is UAH 296.635 million, with a share par value of UAH 0.25.
CGZ 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 managing company of the Metinvest Group is Metinvest Holding LLC.
Ingulets Mining and Processing Plant (Ingulets, Kryvyi Rih, Dnipropetrovsk region), part of the Metinvest Group, increased its net loss by 14.8 times to UAH 1 billion 489.657 million in January-September this year, compared to UAH 100.479 million in the same period last year.
According to the company’s interim report, which is available to the Interfax-Ukraine agency, the loss in the third quarter amounted to UAH 631.343 million.
In the first nine months of this year, the company’s revenue fell sharply due to downtime, to UAH 25.453 million from UAH 7 billion 793.635 million.
Undistributed profit at the end of September 2025 amounted to UAH 12 billion 200.491 million.
The main factors influencing this were restrictions on demand, including due to the loss of metallurgical plants in eastern Ukraine, logistical complications, 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 economic activities in wartime.
There was no commercial concentrate production in the first nine months of 2025. In the second quarter of 2025, the technological process was partially resumed as part of ore mining for shipment to the Central Mining and Processing Plant. In the third quarter of 2025, the work was extended.
Ore production for the first nine months of 2025 amounted to 86,745 thousand tons.
Ingulets GOK ended 2024 with a net loss of UAH 1 billion 317.997 million, compared to UAH 167.236 million in 2023. The plant ended 2022 with a net loss of UAH 851.259 million, while in 2021 it received UAH 20 billion 446.101 million in net profit. 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 iron-bearing 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.
Metіnvest B.V. (Netherlands) owns 100% of the shares of PJSC “Ingulets GOK”.
The authorized capital of PJSC “Ingulets GOK” is UAH 689.906 million, with a share par value of UAH 0.25.
Ingulets 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 managing company of the Metinvest Group is Metinvest Holding LLC.
