PJSC “Interpipe Dnipropetrovsk Vtormet” (Dnipro), a subsidiary of the pipe and wheel company (PWC) “Interpipe,” ended January-March of this year with a loss of UAH 4.731 million, whereas it reported a net profit of UAH 40.698 million for the same period last year.
According to the company’s data in the NSSMC’s disclosure system, the pre-tax loss for this period amounted to UAH 4.786 million, compared to a pre-tax profit of UAH 50.446 million in Q1 2025.
At the same time, revenue from ordinary activities amounted to UAH 776.710 million, compared to UAH 1.807 billion in January–March 2025.
Retained earnings as of the end of March 2026 reached UAH 327.043 million.
As reported, Interpipe Dnipropetrovsk Vtormet ended 2025 with a loss of UAH 2.821 million, while in 2024 it reported a net profit of UAH 65.931 million.
“Interpipe” is a Ukrainian industrial company and a manufacturer of steel pipes and railway products. The company’s products are supplied to more than 50 countries worldwide through a network of sales offices located in key markets in the Middle East, North America, and Europe.
The company’s structure includes six industrial assets: “Interpipe Nizhnedneprovsky Pipe Rolling Plant (NTZ),” “Interpipe Novomoskovsky Pipe Plant (NMTZ),” “Interpipe Nico-Tube,” “Dnipropetrovsk Vtormet,” the ‘Dniprostal’ electric steelmaking complex under the “Interpipe Steel” brand, and the Interpipe Roman pipe plant in Romania.
The company has a total workforce of approximately 9,500 employees.
The ultimate owner of Interpipe Limited is Ukrainian businessman and philanthropist Viktor Pinchuk and members of his family.
“Interpipe Dnipropetrovsk Vtormet” specializes in the procurement and processing of ferrous metal scrap in the Dnipropetrovsk region, followed by the sale of this product, specifically in the preparation of metal feedstock for steelmaking enterprises. The company’s production facilities have the capacity to process 1.35 million tons of scrap per year. The company has an extensive regional network of procurement and production facilities (Dnipro, Nikopol, Pavlohrad, Zhytomyr, Kyiv, Odesa, Poltava, Vinnytsia, Kharkiv, and Cherkasy).
According to the State Registration Service data for the fourth quarter of 2025, Interpipe Limited (Cyprus) owns 98.6699% of the shares of PJSC “Interpipe Dnipropetrovsk Vtormet.”
The company’s authorized capital is UAH 64.876 million.
The Lviv Locomotive Repair Plant (LLRP), part of Ukrzaliznytsia, ended the January-March 2026 period with a loss of 16.2 million UAH, whereas during the same period in 2025, net profit amounted to 9.3 million UAH.
According to the plant’s financial report published in the NSSMC disclosure system, its net revenue decreased by 26.2% to nearly 163 million UAH.
The plant reported an operating loss of UAH 10 million compared to a profit of UAH 30.4 million, and the loss from operating activities amounted to UAH 22.6 million, whereas in January–March of last year, operating profit stood at UAH 13.3 million.
According to LLRZ, in January–March it repaired 3 units of rolling stock for Ukrzaliznytsia (6 units during the same period in 2025), 144 wheel sets (161), 29 traction motors (64), 20 auxiliary electric machines (45), 16 anchors (36), and 67 units of other line products (8 units).
Founded in 1861, the Lviv Locomotive Repair Plant is now a major Ukrainian enterprise specializing in the repair of electric locomotives (VL10, VL11m, and VL80t series), traction motors, and wheel sets.
As reported, in 2025 the plant increased its production volume by 24.2% compared to 2024—to 1.026 billion UAH.
By a decision of the shareholder of PJSC “LLRZ” dated April 23 of this year, 95% of the nearly UAH 7 million in net profit earned in 2025 will be allocated to cover losses from previous periods, and 5% will go to the reserve capital.
In 2024, the plant increased its net profit by 55% compared to 2023—to 24 million UAH—and its net revenue by 39%, to 827.7 million UAH.
Ferrexpo, a mining company with assets in Ukraine, reported a net loss of $211 million, which is 4.2 times higher than the 2024 figure ($50.03 million).
According to the report on consolidated unaudited results for 2025, the operating loss for the past year amounted to $197 million, compared to an operating profit of $18 million in 2024.
Revenue for 2025 was $787 million, compared to $933.263 million in 2024 (a 16% decline). Meanwhile, EBITDA was $28 million compared to the adjusted figure of $69.310 million for 2024 (a 60% decrease).
Ferrexpo’s capital expenditures in 2025 amounted to $49 million, compared to $101.688 million in 2024.
Cash balances as of the end of 2025 were $47 million, compared to $100.835 million as of the end of 2024.
The announcement states that these financial results are unaudited and remain subject to the completion of the Group’s audit procedures, as well as approval by the Company’s Audit Committee and Board of Directors. As of the date of this announcement, these unaudited, consolidated financial results were prepared on a going concern basis; however, this basis of preparation is contingent upon the successful completion of the planned fundraising.
As reported, Ferrexpo ended the first half of 2025 with a net loss of $196.004 million, whereas in the same period of 2024 it recorded a net profit of $55.490 million. The pre-tax loss for this period amounted to $186.899 million, whereas in January–June 2024 there was a pre-tax profit of $75.671 million. Revenue in the first half of 2025 decreased by 17.5% to $452.607 million. Meanwhile, EBITDA amounted to $3.890 million compared to $79.043 million at the end of June 2024 and $69.310 million at the end of 2024.
Cash and cash equivalents as of the end of June 2025 amounted to $52.262 million, as of the end of June 2024 – $115.131 million, and as of the end of 2024 – $105.919 million.
In 2024, Ferrexpo reported a net loss of $50.03 million, which is 41% less than the 2023 figure ($84.753 million). Revenue for 2024 was $933.263 million, compared to $651.795 million in 2023 (a 43.2% increase). Meanwhile, EBITDA was $69.310 million, compared to the adjusted figure of $98.871 million for 2023. Cash balances as of the end of 2024 were $100.835 million, as of the end of 2023 – $108.293 million, in 2022 – $106.397 million, and as of the end of 2021 – $117 million.
Ferrexpo ended 2023 with a net loss of $84.753 million, compared to a net profit of $219.997 million in 2022, which is four times lower than the profit for the pre-war year of 2021 ($870.993 million). Revenue for 2023 amounted to $651.795 million, while in 2022 it was $1.24849 billion (a decrease of 47.8%). At the same time, EBITDA fell by 83% to $130.242 million compared to $765.113 million in 2022.
Ferrexpo is an iron ore company with assets in Ukraine. Ferrexpo owns 100% of the shares in Poltava Mining, a 100% stake in Yeristiv Mining, and a 99.9% stake in Bilaniv Mining.
“Demurinsky Mining and Processing Plant” LLC (MMPP, Dnipropetrovsk Oblast), which extracts titanium and zirconium ores and was confiscated from Russian billionaire Mikhail Shelkov, increased its net loss by 2.5 times in 2025 compared to 2024—to 278.673 million UAH.
According to information from the State Property Fund, net revenue from the sale of products (goods, works, services) last year decreased by 15%—to UAH 154.067 million.
The main type of activity is the extraction of other non-ferrous metal ores (activity code under the Classification of Economic Activities: 07.29).
Demurinsky GOK LLC is one of the largest mining and processing enterprises in Ukraine. Registered on May 30, 2001, the company has been developing the Vovchanske complex placer titanium-zircon deposit in the Dnipropetrovsk region (Northern and Central deposits) since 2006.
Preliminary beneficiation is carried out at the open-pit mine, followed by mineral separation at the processing plant. The reserves of ore sands in the deposit, categorized as B+C1, amount to 22.8 million cubic meters with an average grade of 9%: 1,614 thousand tons of ilmenite, 520 thousand tons of rutile, and 181 thousand tons of zircon.
The company holds a special subsoil use permit for the extraction of titanium-zirconium ores suitable for the production of zircon, rutile, ilmenite, disten-silimanite, and staurolite concentrates. The permit is valid until July 29, 2031. The company also holds permits for discharges, water use for high-risk operations, and others (total number of permits: 23).
Main product range: KDSZ distene-selimanite concentrate; ilmenite concentrate; rutile concentrate; staurolite concentrate; KTSZ zircon concentrate.
The asset (single lot) includes: 100% corporate rights and claims.
As of December 31, 2025, the GZK’s accounts payable amounted to UAH 142.504 million.
The state’s share in the LLC is 100%.
The LLC’s authorized capital is UAH 39,621,414 thousand.
PJSC “Yuzhkoks” (Kamenskoye, Dnipropetrovsk Oblast) reported a net loss of UAH 3,195,470,000 for 2025, up from UAH 272,924,000.
According to the company’s announcement in the NSSMC’s information disclosure system regarding the remote holding of the general meeting of shareholders on April 30, there are nine items on the agenda.
In particular, the meeting is scheduled to review the report of the board of directors and the auditor’s conclusions and adopt relevant resolutions, approve the results of financial and economic activities and the annual report for the past year, cover losses, and preliminarily approve significant transactions, as well as adopt the revised charter.
Draft resolutions, copies of which are available to the Interfax-Ukraine agency, propose covering the losses incurred from operations in 2025, amounting to UAH 3,195,470, using profits from future periods.
As reported, Yuzhkoks increased its net loss by 4.6 times in the first nine months of 2025 compared to the same period of the previous year—to 457.760 million UAH from 98.684 million UAH—while revenue fell by 12.6% to 6.634975 billion UAH. The uncovered loss as of the end of September 2025 amounted to UAH 9.127 million.
“Yuzhkox” 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 1,206.942 million, compared to a net profit of UAH 1,292.672 million reported for 2021.
According to the State Register of Legal Entities as of the fourth quarter of 2025, 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.
JSC “Lynovychi Sugar Plant ‘Krasnyi’ (Chernihiv region), part of the ”Gals Agro” group, plans to retain a loss of UAH 664,000 incurred as a result of operations in 2025, the company reported in the NSSMC’s disclosure system.
The relevant issue has been included on the agenda of the annual general meeting of shareholders scheduled for April 18. According to the draft resolution, shareholders also intend to approve the results of operations for the past year and hear the supervisory board’s report.
The shareholders will also consider a proposal to grant preliminary consent for significant transactions to be conducted within one year of the decision’s adoption. This refers to transactions whose value exceeds 25.00% of the company’s asset value as per the latest annual financial statements, with a maximum aggregate value of UAH 48.80 million. The list of such transactions includes obtaining loans, credits, and other banking products; pledging or mortgaging property; providing guarantees for third-party obligations; as well as the purchase, sale, rental, and leasing of property.
According to data from the Opendatabot service, JSC “Lynovychi Sugar Plant ”Krasnyi” reduced its revenue by 2.67% in 2025—to UAH 211.28 million—while its debt obligations decreased by 15.97%—to UAH 180.13 million. The company’s assets decreased by 18.13% over the year to UAH 159.82 million, while the number of employees decreased by 6 to 151.
JSC “Lynovychi Sugar Plant ‘Krasnyi’ (Chernihiv Oblast) is part of the ”Gals Agro” agricultural holding and specializes in the production of white crystalline sugar, molasses, and beet pulp. The current sugar beet processing capacity is approximately 2,800 tons per day, which allows the company to process an average of 170,000 tons of raw materials and produce over 23,000 tons of finished products per year.
The beneficiaries of the plant are Serhiy Kravchuk, Vadym Vaisapir, Mykhailo Yevstratov, Volodymyr Havrylenko, and Mykola Havrylenko. The main shareholder of the enterprise, with a 73.38% stake, is Gals Agro LLC.
