Pivni Mining and Processing Plant (Pivni Mining and Processing Plant, Kryvyi Rih, Dnipropetrovsk region), part of the Metinvest Group, reduced its net profit by 45.9% to UAH 608.853 million in January-September this year, compared to UAH 1 billion 125.047 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 286.948 million.
In the first nine months of this year, the company increased its revenue by 21.8% to UAH 24 billion 700.220 million.
Retained earnings at the end of September 2025 amounted to UAH 14 billion 29.453 million.
In the first nine months of 2025, production volumes amounted to 4.410 million tons of commercial concentrate and 3.298 million tons of pellets. 99.4% of commercial products for the reporting period were sold on 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 particular, in accordance with the plant’s development program and within the limits of the approved limits, construction and installation work was carried out on capital construction projects: reconstruction of the existing tailings pond with the extension of enclosing structures to the limit mark +165 (stage III) and mark +169, as well as the re-laying of mobile tracks and the installation of a side contact network.
In addition, the development of working documentation for the reconstruction of the tailings pond (from elevation +165 to +169) was continued; the construction of a connecting track was completed and a side contact network for the connecting track was installed within the expansion of the Pervomaisky and Hannivsky quarries (FEL4); the stages of OTR were prepared and a geological and economic reassessment of the reserves of ferruginous quartzites of the Pershotravneve and Hannivske quarries was carried out; The replacement of the SB-1 conveyor was completed; work is continuing on the overhaul of the bath complex of the Central Heating Plant-2 and the PK (GTZ-1); the replacement of U-220 ORU-150 kV oil circuit breakers at the GPP-3,4 substations with gas-insulated analogues was completed.
In 2024, PivGZK increased its net profit to UAH 1 billion 338.185 million from UAH 866.090 million in 2023. The company ended 2022 with a net loss of UAH 2 billion 972.333 million, while in 2021 it received a net profit of UAH 25 billion 293.042 million.
The plant specializes in the extraction, processing, and production of iron ore raw materials. The average number of full-time employees is 4,512.
Metіnvest B.V. owns 100% of the shares of Northern GOK.
Northern GOK 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.
Pivnichny GOK’s authorized capital is UAH 579.707 million.
