PJSC “Poltava Mining and Processing Plant” (PGZK, Horishni Plavni, Poltava Oblast), the main asset of the Ferrexpo Group, one of whose major shareholders is businessman Konstantin Zhevago, reduced its net loss by 33.7% in January–September of this year compared to the same period last year—to 1 billion 354.415 million UAH from 2 billion 43.378 million UAH.
According to the company’s interim report, which is available to the Interfax-Ukraine news agency, revenue from ordinary operations for this period also decreased by 40.9%—to 9,571,291 million UAH from 16,204,660 million UAH.
Retained earnings as of the end of September amounted to 678.184 million UAH.
The report states that as of September 30, 2026, the company’s current assets exceeded its current liabilities by 151,000 UAH (September 30, 2025: 8 billion 183.420 million UAH).
The company’s current liabilities include interest-bearing loans totaling 16.0864 billion UAH (September 30, 2025: 14.185334 billion UAH), received from companies within the Ferrexpo group. As of September 30, 2026, the outstanding balance on these loans was $358.572 million.
The report notes that although the company has managed to continue its operations, the war continues to pose a threat to the company’s mining, processing, and logistics operations in Ukraine and represents significant uncertainty regarding the company’s ability to continue as a going concern.
As of September 30, 2026, the company had 3,509 employees (compared to 4,475 as of September 30, 2025).
As previously reported, in the first quarter of 2026, Poltava Mining reduced its net loss by a factor of 2.94 compared to the same period last year—to 406.452 million UAH from 1 billion 196.570 million UAH. Revenue from ordinary operations for this period also decreased by a factor of 2.94—to 2,508.029 million UAH from 7,363.388 million UAH.
In January–June of this year, PGZK reduced its net loss by 51.8% compared to the same period last year—to 781.988 million UAH from 1 billion 623.452 million UAH, Revenue decreased by 47.6%—to 6,185.022 million UAH from 11,805.089 million UAH.
According to the 2025 annual report, PGZK posted a net loss of 15,992.265 million UAH, compared to a loss of 3,153.916 million UAH in 2024; and revenue fell to 20,775,232,000 UAH, compared to 23,707,648,000 UAH in 2024.
According to the 2024 annual report, PGZK reported a loss of 3,153,916 million UAH in 2024, with revenue from ordinary activities amounting to 23,707,648 million UAH; in 2023, the loss was 5,444,659 million UAH, and revenue was 15 billion 65.640 million UAH.
Ferrexpo is an iron ore company with assets in Ukraine. Its main activity is the production and export of iron ore pellets used in steel production.
According to the State Statistics Service’s August data as of November 3, 2026, Ferrexpo AG (Switzerland) owns 100% of the shares in Poltava Mining and Processing Plant.
Poltava Mining and Processing Plant’s authorized capital is 3 billion 87.600 million UAH.
FERREXPO, LOSS, Poltava Mining and Processing Plant, POLTAVA REGION, PRODUCTION
The Kametstal plant, part of the Metinvest Mining and Metallurgical Group and operating at the facilities of the Dniprovsky Metallurgical Combine (DMC, Kamyanske, Dnipropetrovsk Oblast), reported a net loss of 792.933 million UAH for January–September of this year, whereas in the same period last year, it posted a profit of 1 billion 345.153 million UAH.
According to the company’s interim report, available to the Interfax-Ukraine news agency, the loss in the third quarter amounted to 350.683 million UAH.
Revenue from ordinary operations for this period increased by 11.8% to 47,444.227 million UAH.
The accumulated loss as of the end of September stood at 2,341.094 million UAH.
The report states that on the night of September 5, 2026, Russia launched a ballistic strike against the plant. Five people were killed and four employees were injured as a result of the attack. The attack damaged the plant’s sinter and blast furnace production facilities, as well as its energy and transportation infrastructure. The plant was forced to completely halt all production processes. Restoration work is currently underway at the facility. Following an inspection of the equipment and infrastructure, an assessment of the extent of the damage was conducted, and further steps toward resuming production were determined. The timeline for restarting production processes and resuming production is currently unknown.
Against the backdrop of shelling of industrial facilities and the blockade of Black Sea ports, a 30% increase in freight rates by Ukrzaliznytsia, and a worsening situation in the European market, the company is forced to make difficult decisions. These include a significant reduction in administrative costs, the optimization of business processes, and a reduction in administrative and management staff—primarily in those areas of operation where work has been substantially curtailed. This is a necessary step to preserve production and thousands of jobs. The company will do everything possible to support the laid-off employees. They will receive severance pay and will be offered available positions in the production divisions.
The challenges Ukraine faces due to the war are hindering the stability and further development of its economy and financial sector. Consequently, the Company’s operating environment remains challenging. The duration and consequences of the war cannot be reliably predicted.
As reported, in the first quarter of 2026, the plant’s net loss increased 13.3-fold compared to the same period last year—to 1 billion 421.376 million UAH from 107.083 million UAH, while revenue from ordinary operations for this period rose by 17.7%—to 17,356.948 million UAH.
In the first half of this year, Kametstal reported a net loss of 137.457 million UAH, whereas in the same period last year it posted a profit of 633.921 million UAH; revenue rose by 38.2% to 36.764577 billion UAH.
In 2025, the plant posted a net profit of 961.340 million UAH, whereas it ended 2024 with a net loss of 237.705 million UAH. At the same time, revenue from ordinary operations for the past year increased by 12.2% to 58 billion 780.443 million UAH.
The plant ended 2024 with a loss of 237.705 million UAH, whereas in 2023 the loss amounted to 912.333 million UAH. The plant ended 2022 with a net loss of 883.119 million UAH, whereas in 2021 it reported a net profit of 120.277 million UAH.
“Kametstal” was established on the basis of PrJSC “Dniprovsky Coke and Chemical Plant” (DKKhZ) and the Central Metallurgical Complex of PJSC “Dniprovsky Metallurgical Combine” (DMK).
According to data from the National State Register as of October 23, 2026, Metinvest B.V. (Netherlands) owns 100% of the company’s shares.
The authorized capital of PJSC “Kametstal” is 170.584 million UAH.
PJSC “Tobacco Company ‘V. A.T. – Pryluky” (Chernihiv Oblast), a subsidiary of British American Tobacco (BAT), saw its revenue decline by 23.1% in July–September 2026 compared to the same period in 2025, down to 1.0864 billion UAH.
According to the company’s report filed with the National Securities and Stock Market Commission’s disclosure system, its net profit also fell by 18.3%—to 126.6 million UAH.
As previously reported, on September 7, 2026, Russia launched a drone strike on the Pryluky Tobacco Factory, resulting in damage to the facility and forcing it to temporarily suspend operations; the exact timeline for resuming production has not yet been specified.
According to the report, production of filtered cigarettes in the third quarter fell to 1.3063 billion units from 1.6208 billion units in the second quarter of this year, TVEN production—to 193.6 million from 297.6 million, and filter production—to 661.1 million from 914.2 million.
As of September 30, 2026, the assets of PJSC “A/T Tobacco Company ‘V. A.T.-Pryluky” decreased to 14.56 billion UAH from 17.44 billion UAH at mid-year and 14.99 billion UAH at the beginning of the year, including cash and cash equivalents—down to 2.70 billion UAH from 4.49 billion UAH and 3.60 billion UAH, respectively.
According to the report, the average number of employees in the third quarter was 363, compared to 369 in the previous quarter.
“V.A.T. Pryluky,” according to the report, is one of the largest manufacturers and exporters of tobacco products in Ukraine. It produces international brand cigarettes and a national local brand, as well as TVEN.
According to the National Securities and Stock Market Commission (NSSMC), 100% of the shares are owned by Precis (1814) Limited (United Kingdom).
As previously reported, in 2025 the company saw its net profit decline by 37.3% compared to 2024—to 413.6 million UAH—amid an 11.8% decrease in net revenue—to 5.04 billion UAH.
As of October 27, 2026, Ukrainian agricultural producers had harvested 3.92 million metric tons of sugar beets from an area of 79,500 hectares, which is 42.2% less than the gross harvest as of October 31 of last year. The average yield of sugar beets has also declined, according to data from the Ministry of Agrarian Policy and Food of Ukraine.
According to the ministry’s preliminary statistics, sugar beets have been harvested from 47% of the projected area.
The average yield is 493.6 centners per hectare, compared to 522.6 centners per hectare last year. Thus, the decline in yield reached 5.6%.
For comparison, as of October 31, 2025, Ukrainian farms had harvested 6.79 million metric tons of sugar beets from an area of 130,000 hectares.
This year, the area from which root crops have already been harvested is 38.8% less than last year’s figure.
Consequently, the significant lag in gross harvest volume is primarily due to the smaller area harvested, although the decline in yield also contributed to the result.
As of October 27, farmers still had more than half of the projected sugar beet acreage left to harvest.
Interim statistics do not yet allow for an assessment of the final 2026 harvest or its potential impact on sugar production volumes.
Sugar beets are the primary raw material for the Ukrainian sugar industry. The capacity utilization of processing plants, the cost of sugar production, and the ability to supply foreign markets all depend on sugar beet production volumes and the sugar content of the roots.
Unlike grain and oilseed crops, which can be stored for relatively long periods, sugar beets require timely delivery and processing after harvest.
Therefore, not only the gross harvest but also the rate at which it reaches sugar mills, the sugar content of the roots, and the length of the production season are important for the industry.
Overall, the harvest campaign in Ukraine is showing mixed results. As of October 27, the harvest of grains and legumes reached 41.7 million metric tons, and that of oilseeds reached 16.91 million metric tons.
At the same time, the harvest of sunflowers and rapeseed exceeds last year’s figures, while sugar beets and soybeans are currently showing a decline compared to last year’s data.
Poltava Medical Glass Plant JSC (PMGP, Poltava) saw its net profit decline by 15.8% in January–September 2026 compared to the same period in 2025, down to 66.05 million UAH.
According to the company’s interim report filed with the National Securities and Stock Market Commission’s disclosure system, its net sales revenue rose by 25.3% to 329.2 million UAH.
In January–September, the plant generated UAH 72.9 million in operating profit (down 14%), while gross profit increased slightly to UAH 107.5 million.
During this period, the plant manufactured 263 million ampoules and shipped 432.5 million units worth UAH 311 million.
The company generated 17.3 million UAH from the sale of oxygen and nitrogen.
As previously reported, in 2025, PZMS saw its net profit decline by 19% compared to 2024—to 105.564 million UAH—due to a 3.5% decrease in net revenue, which fell to 364.281 million UAH.
According to data from the National Securities and Stock Market Commission as of August 2026, 59.7% of the company’s authorized capital is owned by Supervisory Board Chairman Leonid Nekrasov, nearly 10% by Management Board Chairman Oleksandr Kudatsky, and another 25% is held by the pharmaceutical manufacturer PJSC “Ukrmedprom” (Kyiv), which falls under the jurisdiction of the Ministry of Health of Ukraine.
According to information on its website, the Poltava Medical Glass Plant is Ukraine’s leading manufacturer of ampoules for pharmaceuticals.
ampoule, PHARMACEUTICALS, Poltava Medical Glass Plant, PRODUCTION, PROFIT
Ukrainian steel mills produced 131,000 metric tons of steel in September 2026, which is 4.66 times less than in the same month of 2025, when production totaled 611,000 metric tons.
Compared to August 2026, steel production fell by 52.7%—from 277,000 metric tons, according to data from the World Steel Association (Worldsteel).
Amid the decline in production volumes, Ukraine dropped to 41st place in the global ranking of steel producers among 70 countries. In July, the country ranked 26th; in August, 33rd; while a year earlier, it was in 21st place.
Overall, global steel production in September 2026 fell by 0.2% compared to September 2025—to 142.4 million metric tons.
From January through September, Ukrainian steel mills produced 4.431 million metric tons of steel, which is 19.8% less than during the same period last year—5.523 million metric tons.
Global steel production over the nine-month period decreased by 0.7%, to 1.367 billion metric tons.
In 2025, Ukraine produced 7.41 million metric tons of steel, which is 2.2% less than in 2024. At the end of the year, the country ranked 21st in the global rankings.
