Metinvest Digital LLC, the IT expertise center of Ukraine’s largest mining and metallurgical holding, Metinvest, reported a net profit of UAH 4.505 million in January–March of this year, compared to a net loss of UAH 13 million during 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 increased by 13.2% to UAH 197.735 million.
Retained earnings as of the end of March amounted to UAH 64.058 million.
In 2025, the LLC reduced its net profit by 5.3 times compared to the previous year—to UAH 6.494 million from UAH 34.142 million, while revenue from ordinary activities for this period increased by 0.8%—to UAH 807.236 million from UAH 801.016 million.
The LLC ended 2023 with a net loss of UAH 9.525 million.
The number of employees as of the end of 2025 was 700, and as of the end of 2024, it was 764.
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 building technological infrastructure, developing information systems, strategic outsourcing, data migration, system integration, cybersecurity, and information security. Metinvest Digital is the IT business partner of the Metinvest Group, serving over 30 of the holding’s enterprises worldwide. The company is a certified partner of Microsoft (Gold Certified Partner) and SAP (Silver Partner).
Metinvest Holding LLC owns a 100% stake in Metinvest Digital LLC.
The LLC’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 holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
The mining and metallurgical group Metinvest is working to bring specialists back from abroad.
According to information from the company cited by the online publication LIGA.net, the priorities include regular personal contact with managers, invitations to online strategic sessions, involvement in important decisions, and updates on changes and opportunities.
“People return to where they remain visible,” the company emphasized.
In addition, it is noted that the company is using other practices to bring compatriots back from abroad to overcome the labor shortage. At the same time, it is noted that, in general, businesses in Ukraine are facing an unprecedented labor shortage. According to the European Business Association, 74% of Ukrainian companies reported a labor shortage in 2025.
At the same time, Ukraine has a large talent pool—5.6 million Ukrainians living abroad. 43% of them plan to return home, according to a study by the Center for Economic Strategy.
Business initiatives, in particular, offer educational and career opportunities, as well as financial support to attract Ukrainians back to their homeland. These programs are aimed at creating conditions for professional development and participation in the country’s reconstruction. The metallurgical holding company also emphasizes career opportunities and involvement in the reconstruction effort.
In 2025, Metinvest launched the Steel Force program for Ukrainian students studying at universities in the UK and Poland. The students completed paid internships at the Group’s facilities in the UK, Switzerland, Bulgaria, the Netherlands, and elsewhere. Some of them remained to work at Metinvest after completing the program.
“The program offers the opportunity to build a career at an international company and participate in projects aimed at rebuilding Ukraine and developing the domestic mining and metallurgical sector,” the company’s press service noted.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its facilities are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European Union countries, the UK, and the US.
The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
Metinvest B.V. (Netherlands), the parent company of an international vertically integrated mining and metallurgical group, has paid another coupon on its 2029 Eurobonds and, despite the war in Ukraine, continues to meet its debt obligations, particularly to Eurobond holders.
“We can confirm the payment of the coupon on the 2029 bonds,” Andriy Burlakov, head of the Metinvest Group’s press service, told the agency “Interfax-Ukraine” in response to an inquiry.
The next coupon payment date for the 2029 Eurobonds is May 17.
“Coupon payment dates are May 17 and November 17 (each year),” according to the information regarding the 2029 bonds.
The coupon rate is 7.750% per annum.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its facilities are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European Union countries, the United Kingdom, and the United States.
The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
Metinvest, Ukraine’s largest mining and metallurgical holding company, reported a 7% decrease in steel production for January–March of this year compared to the same period last year—down to 454,000 tons from 488,000 tons— but maintained pig iron production at 438,000 tons (436,000 tons in Q1 2025).
According to a press release from the parent company Metinvest B.V. on Thursday regarding operating results for the first quarter of 2026, due to the start of the Russian Federation’s large-scale military aggression against Ukraine on February 24, 2022, the capacity utilization of the group’s Ukrainian enterprises continues to be affected by security factors, personnel availability, power supply, as well as logistical and economic factors.
It is noted that in January–March 2026, pig iron and steel production at Kametstal decreased by 12% and 20%, respectively, compared to the previous quarter—to 438,000 tons and 454,000 tons, due to unstable power supply in January–February 2026.
In addition, it is reported that in the first quarter of 2026, production of commercial semi-finished products amounted to 185,000 tons, which is 32% less than in the previous quarter due to a decrease in the output of commercial billets against the backdrop of lower steel production volumes and the prioritization of its consumption in subsequent production stages; at the same time, this was partially offset by a 2.2-fold increase in commercial pig iron production.
However, production of commercial semi-finished products was 7% higher than in the same period of 2025, thanks to a 96% increase in commercial pig iron production.
Overall, in the first quarter of 2026, finished product production increased by 8% compared to the previous quarter and by 11% compared to the same period in 2025—reaching 660,000 tons. In particular, flat-rolled steel production amounted to 292,000 tons, matching the previous quarter’s level and representing a 12% increase compared to the same period last year, driven by the resumption of hot-rolled coil production at Ferriera Valsider and an increase in orders for hot-rolled thick plate.
Long product production amounted to 349,000 tons, an 8% increase compared to the previous quarter and a 4% increase compared to the same period last year, thanks to increased volumes at Kametstal and Promet Steel (Bulgaria); Pipe production amounted to 19,000 tons following the acquisition of the Tubular Iasi pipe plant (Romania) in December 2025.
In the first quarter of 2026, coke output decreased by 8% compared to the previous quarter and by 2% compared to the same period in 2025, to 256,000 tons, due to delays in coal deliveries amid unstable power supply.
In the first quarter, total iron ore concentrate production decreased by 2% compared to the previous quarter, to 3.882 million tons. Output of commercial iron ore products fell by 7%—to 3.521 million tons—due to unstable power supply during the reporting period. Specifically, iron ore concentrate production fell by 9% to 2.225 million tons; iron ore pellet production decreased by 3% to 1.296 million tons.
In the first quarter of 2026, total iron ore concentrate output decreased by 2% compared to the previous quarter, to 3.882 million tons. Commercial iron ore production decreased by 7% to 3.521 million tons due to unstable power supply during the reporting period. Specifically, iron ore concentrate production fell by 9% to 2.225 million tons; iron ore pellet production decreased by 3% to 1.296 million tons.
In the first quarter of this year, total iron ore concentrate production increased by 2% compared to the same period last year, while commercial iron ore output decreased by 6%. Production of iron ore pellets decreased by 24% due to the temporary shutdown of one of the roasting machines caused by damage to the power supply systems. As a result, the volume of marketable iron ore concentrate output increased by 8%.
As reported, Metinvest increased steel production by 4% in January–March 2025, to 488,000 tons. Total iron ore production for this period decreased by 15% compared to January–March 2024 but increased by 11% compared to the previous quarter, reaching 3.761 million tons. At the same time, production of commercial iron ore concentrate (IOC) decreased by 27% compared to the first quarter of 2024 and increased by 7% compared to the previous quarter, reaching 2.064 million tons. Overall, total IOC production in the first quarter of 2025 decreased by 21% compared to the first quarter of 2024 and increased by 17% compared to the previous quarter, reaching 3.815 million tons.
At the same time, Metinvest increased its production of pellet feed by 7% compared to the first quarter of 2024 and by 9% compared to the fourth quarter of 2024, reaching 1.697 million tons, but reduced its total output of coking coal concentrate by 52% compared to the first quarter of 2024 and by 51% compared to the previous quarter, to 518,000 tons. Coke production in January–March 2025 decreased by 8% compared to the first quarter of 2024 and by 6% compared to the fourth quarter of 2024, to 260,000 tons.
In the first quarter of 2025, Kametstal’s pig iron production amounted to 436,000 tons, production of commercial semi-finished products to 173,000 tons, and production of finished products to 597,000 tons. Specifically, production of flat products was 261,000 tons, and long products reached 336,000 tons.
It was also reported that in 2025, Metinvest reduced steel production by 4% compared to the previous year—to 2.018 million tons—and pig iron production by 2%, to 1.782 million tons. In 2025, output of commercial semi-finished products decreased by 3% compared to the previous year—to 839,000 tons. At the same time, commercial pig iron output doubled to 84,000 tons.
In 2025, finished product output increased by 13% compared to 2024—to 2.429 million tons. Specifically, flat-rolled steel production increased by 20%—to 1.107 million tons, while long-rolled steel production rose by 7%—to 1.322 million tons. Coke production decreased by 2% to 1.100 million tons.
In 2025, total iron ore concentrate production was comparable to the previous year’s volume and amounted to 15.695 million tons.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its facilities are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European Union countries, the United Kingdom, and the United States. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
PJSC Zaporizhkox, one of Ukraine’s largest producers of coke and coke-chemical products and a member of the Metinvest Group, maintained blast furnace coke production in January–April of this year at the same level as the first four months of last year—281,800 tons.
According to the company, 75,000 tons of coke were produced in April, compared to 77,500 tons in the previous month.
As reported, Zaporizhkox increased its output by 2.7% in 2025 compared to 2024—to 898,300 tons, while in 2024, output increased by 2.1% to 874,700 tons from 856,800 tons in 2023.
Zaporizhkox possesses a full technological cycle for the processing of coke-chemical products.
Metinvest is a vertically integrated mining group. Its main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
The mining and metallurgical group Metinvest, including its associated companies and joint ventures, paid UAH 4.3 billion to budgets at all levels in Ukraine in January-March of this year, compared to UAH 4.4 billion for the same period in 2025.
According to the company’s press release on Monday, the top three categories by volume of payments were subsoil use fees, amounting to 1.2 billion UAH; the unified social contribution, totaling 823 million UAH; and 727 million UAH in personal income tax.
In addition, Metinvest’s Ukrainian enterprises paid UAH 351 million in corporate income tax, UAH 328 million in land use fees, UAH 331 million in value-added tax, and UAH 207 million in military tax during January–March 2026. At the same time, the environmental tax increased by 15% compared to the first quarter of 2025, reaching UAH 190 million.
As reported, in 2025, Metinvest paid UAH 18.7 billion in taxes and levies to budgets at all levels in Ukraine. In total, over more than four years of full-scale invasion, including the first quarter of 2026, the group has contributed approximately UAH 78 billion to support the country’s economy.
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 the European Union, the United Kingdom, and the United States. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
