Pivdenny Mining and Processing Plant, PJSC (Pivdenny Mining and Processing Plant, Kryvyi Rih, Dnipropetrovsk Oblast) increased its net profit by 73.5% in January–June of this year compared to the same period last year—to 199.318 million UAH from 114.912 million UAH.
According to the mining and processing plant’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period decreased to 8,931.263 million UAH from 12,693.475 million UAH.
Retained earnings as of the end of June 2026 amounted to 25,836.844 million UAH.
Iron ore concentrate production for the second quarter of 2026 totaled 1,913.7 thousand metric tons, while sales for this period amounted to 1,906.8 thousand metric tons.
As previously reported, in the first quarter of 2026, Pivdenny GOK saw its net loss increase 8.5-fold compared to the same period in 2025—rising to 866.813 million UAH from 100.859 million UAH. During this period, revenue from ordinary activities decreased to 3,987.535 million UAH from 6,350.714 million UAH.
In January–September 2025, Southern GOK reported a net profit of 389.930 million UAH, whereas in the same period of 2024 it amounted to 2,476.267 million UAH; revenue from ordinary activities increased by 41.3% to 19,020.077 million UAH.
The annual report for 2025 has not yet been published.
Pivdenny GOK is one of Ukraine’s leading producers of iron ore concentrate. It is engaged in the mining and beneficiation of low-grade iron-bearing quartzites to produce iron ore concentrate. The plant’s raw material base consists of quartzites from the Skelevatsky deposit, located in the central part of the Kryvyi Rih iron ore basin.
At the start of the war, Pivdenny GZK was controlled by the Metinvest Group and Lanebrook Ltd. (formerly the majority shareholder of Evraz Group, which withdrew from the group’s shareholder structure in 2018), which acquired a 50% stake in PGZK from the Privat Group (Dnipro) in late 2007.
According to the National Securities and Stock Market Commission’s data for the first quarter of 2026, Zantest Limited holds 29.8815% of the company’s shares, and Jetere Limited (both based in Cyprus and registered at the same address) holds 59.7630%.
The company’s authorized capital is 535.915 million UAH, and the par value of each share is 0.25 UAH.
Pivdenny Mining and Processing Plant (Pivdenny GZK, Kryvyi Rih, Dnipropetrovsk Oblast) reduced its concentrate output by 45.1% in January–March of this year compared to the same period last year—to 1.546 million tons from 2.819 million tons.
According to materials available to the agency “Interfax-Ukraine,” the volume of commercial production in the first quarter of 2026 at the Southern GOK amounted to 1,546,500 tons of concentrate worth UAH 4,255,486,000, while the volume of sold products—concentrate—was 1,431,000 tons worth UAH 3,865,853,000.
It is noted that PGZK did not export any products during the reporting period.
Meanwhile, the volume of commercial production in the first quarter of 2025 amounted to 2.819 million tons of concentrate worth UAH 6.103340 billion. The volume of products sold: concentrate – 2.852 million tons worth UAH 6.202801 billion.
It is further specified that ore processing plants Nos. 1 and 2 process iron-bearing quartzites, with the iron content in the raw ore being Fe total – 34.70% and Fe magnetic – 27.55%.
In 2023, following the unblocking of the seaports used for the sale of PGZK’s commercial products, the company managed to resume exports of iron ore products to external consumers and, accordingly, increase production volumes.
“As of today, the Russian Federation’s military aggression prevents PGZK from conducting its production and business activities to their full extent; consequently, the level of investment remains significantly lower than in the pre-war period, the implementation of some investment projects has been suspended, and the long-term development program for the enterprise through 2030, which was developed and approved in 2021, has been adjusted to focus on maintaining existing production capacities, maximizing the preservation and extending the service life of existing equipment, and continuously seeking operational improvements to reduce overall operating costs,” the interim report states.
In the first quarter of 2026, the average headcount of full-time employees on the payroll was 4,007.
Pivdenny GOK is one of the leading producers of iron ore concentrate in Ukraine. It is engaged in the extraction and beneficiation of low-grade iron-bearing quartzites to produce iron ore concentrate. The plant’s raw material base consists of quartzites from the Skelevatsky deposit, located in the central part of the Kryvyi Rih iron ore basin.
At the start of the war, PivdenGOK was controlled by the Metinvest Group and Lanebrook Ltd. (formerly a majority shareholder of Evraz Group, which withdrew from the group’s shareholder structure in 2018), which acquired 50% of the shares in the plant from the Privat Group (Dnipro) at the end of 2007.
According to the National Securities and Stock Market Commission (NSSMC) data for the fourth quarter of 2025, Zantest Limited holds 29.8815% of the company’s shares, and Jetere Limited (both based in Cyprus and registered at the same address) holds 59.7630%.
The company’s authorized capital is UAH 535.915 million, and the par value of a share is UAH 0.25.
