Metinvest Shipping, the logistics division of the Metinvest Group, saw its net profit fall by a factor of 2.4 in January–September of this year compared to the same period last year, down to 46.808 million UAH.
According to the company’s interim report, which is available to the Interfax-Ukraine news agency, the company posted a loss of 19.028 million UAH in the third quarter.
Revenue from ordinary operations for this period decreased by 5.9% to 1 billion 649.530 million UAH.
Retained earnings as of the end of September amounted to 1,598.169 million UAH.
As previously reported, Metinvest Shipping posted a net profit of 32.945 million UAH in the first quarter of 2026, compared to a net loss of 32.944 million UAH for the same period last year. Revenue from ordinary activities decreased by 5.1% to 492.388 million UAH.
In the first half of the year, Metinvest Shipping doubled its profit compared to the same period last year, reaching 65.836 million UAH, while revenue decreased by 11% to 1 billion 39.227 million UAH.
In 2025, the LLC reported a net profit of 165.097 million UAH, whereas in 2024 it had a net loss of 67.393 million UAH. At the same time, revenue from ordinary activities decreased by 8.1%—to 2,290.835 million UAH from 2,492.714 million UAH.
The number of employees as of the end of 2025 was 263, compared to 261 as of the end of 2024.
The LLC ended 2024 with a loss of 67.393 million UAH, compared to a loss of 729.472 million UAH in 2023.
Metinvest Shipping LLC has been part of the Metinvest Group since 2006. It has branches in Mariupol (operations temporarily suspended) and Odesa. The company’s activities cover the full range of freight transportation services: organizing road and rail transport, customs clearance, freight forwarding, ship agency services, and chartering of the maritime fleet.
Metinvest Holding LLC owns a 100% stake in Metinvest Shipping LLC.
The LLC’s authorized capital is 25.012 million UAH.
“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 countries. The holding company’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.
Agricultural and special-purpose machinery manufacturer JSC “Fregat Plant” (Pervomaisk, Mykolaiv Oblast) saw its losses increase by 77.6% in January–September of this year compared to the same period in 2025, reaching 89.3 million UAH.
According to the company’s financial report, published in the National Securities and Stock Market Commission’s (NSSMC) disclosure system, net sales revenue decreased by 46.8% to 18.7 million UAH.
During this period, the company reported UAH 5.8 million in gross profit (compared to UAH 10.5 million a year ago), while its operating loss increased by 21.2% to UAH 40.4 million.
The accumulated loss as of September 30 stood at UAH 435.9 million.
According to the company’s financial report, in the first half of the year, it increased its loss by 77.3% to 69.4 million UAH, against a 17.4% decline in net revenue to 15.4 million UAH.
Consequently, in the third quarter, the plant sold products worth only 3.4 million UAH—nearly five times less than during the same period last year—while its loss rose by 78.6% to 19.9 million UAH.
“Fregat” notes that the martial law in Ukraine, imposed in connection with Russia’s military aggression against Ukraine, is leading to unstable operations and a reduction in production; the company continues its manufacturing activities, but not all production facilities are operational, and as a result, not the entire range of finished products is being manufactured.
The plant manufactures machinery and equipment for agricultural and forestry engineering, boilers and radiators, as well as specialized machinery. In the third quarter, production of agricultural machinery for crop farming accounted for 12% of total commercial output (89.6% in the first quarter and 22.5% in the second), while other products accounted for 88%.
As of early October, 103 people were employed at the plant. Another 7 people worked at a separate division—the plant’s Dnipro branch—and 73 at the Eastern branch.
As previously reported, in 2025 the plant’s losses increased by 34.4% compared to 2024—reaching 81.2 million UAH—as net income fell nearly fourfold to 47.57 million UAH.
The average number of employees at the plant last year was 121; at the Eastern Branch, 84; and at the Dnipro Branch, 6.
PJSC “Zaporizhkox,” one of Ukraine’s largest producers of coke and chemical products, increased its net profit by 68% year-over-year for the January–September period of this year, reaching 1.028095 billion UAH.
According to the company’s interim report, available to the “Interfax-Ukraine” agency, profit in the third quarter amounted to 134.595 million UAH.
Revenue from ordinary operations for this period fell by 13.8% to 11.687485 billion UAH.
Retained earnings as of the end of September totaled 4 billion 660.017 million UAH.
The report notes that during the third quarter of 2026, amid Russia’s full-scale invasion of Ukraine, the plant continued to maintain stable operations while fulfilling its business responsibilities to shareholders and stakeholders. Efforts were focused on maintaining high standards of production and resilience in all aspects of the company’s operations.
At the same time, the company actively worked on developing and implementing strategic initiatives aimed at increasing efficiency, improving product quality, and enhancing environmental safety. Throughout the third quarter of 2026, the company continued to implement cutting-edge technologies and innovations in production to boost productivity and market competitiveness. In particular, social responsibility remains a key focus, which includes supporting local communities, ensuring workplace safety, and providing psychological support to employees in stressful situations, among other things.
The main significant events, risks, and uncertainties that occurred during the reporting period and affected the interim financial statements include uncertainty regarding the timing of the end of the special martial law regime; disruptions to production and logistics routes, destruction of infrastructure, limited supplies and import/export capabilities due to the escalation of hostilities in the region; the energy crisis; labor shortages; economic and legal risks; significant currency fluctuations, etc.
As reported, in the first three months of 2026, the plant saw its net profit decline by 20.4% compared to the same period in 2025—to 204.519 million UAH—and its revenue decrease by 18.1%, to 3 billion 882.460 million UAH.
In January–June 2026, Zaporizhkox increased its net profit by 45.3% compared to the same period last year—to 893.500 million UAH, while revenue fell by 5.1%—to 8 billion 650.941 million UAH.
In 2025, the plant reported a net profit of 569.989 million UAH, compared to 1 billion 721.580 million UAH in 2024. Meanwhile, revenue from ordinary operations decreased by 41% to 17 billion 121.625 million UAH.
“Zaporizhkox” operates a full technological cycle for the processing of coke-chemical products.
According to the State Registration Service’s data for August as of November 2, 2026, Metinvest B.V. (Netherlands) holds 57.2347% of the company’s shares, and Zaporizhstal holds 42.7653%.
The company’s authorized capital is 1.193 million UAH, and the par value of a share is 0.01 UAH.
Metinvest Business Service LLC (MBS, Kryvyi Rih, Dnipropetrovsk Oblast), a multifunctional center providing accounting, tax, and other services, In January–September of this year, the company reported a net profit of 60.872 million UAH, compared to a net loss of 4.312 million UAH for the same period last year.
According to the company’s interim report, which is available to the Interfax-Ukraine news agency, profit in the third quarter amounted to 10.586 million UAH.
Revenue from ordinary operations for this period decreased by 13.4% to 465.368 million UAH.
Retained earnings as of the end of September amounted to 49.044 million UAH.
As previously reported, Metinvest Business Service posted a net profit of 10.567 million UAH in the first quarter of 2026, compared with a net loss of 27.437 million UAH for the same period last year. Revenue from ordinary activities for this period decreased by 1.4% to 158.587 million UAH.
In the first half of the year, MBS reported a profit of 50.287 million UAH, compared to a net loss of 35.911 million UAH for the same period last year; revenue decreased by 9.1% to 314.175 million UAH.
In 2025, the LLC reported a net profit of 9.674 million UAH, compared to a net loss of 8.495 million UAH in the previous year; revenue from ordinary operations for this period increased by 8.6% to 712.139 million UAH from 655.541 million UAH.
The average number of employees as of the end of 2025 was 1,050 thousand people; as of the end of 2024, it was 1,279 thousand people.
Metinvest Business Service LLC (Kryvyi Rih, Dnipropetrovsk Oblast) is a multifunctional service center that provides accounting and tax services, treasury operations, human resources management services, legal services, and other services. The company was founded in 2014 and serves as the sole service center for Metinvest Group companies. MBS offices are located in Kryvyi Rih, Mariupol (prior to the war), and Zaporizhzhia.
Metinvest Holding LLC owns a 100% stake in MBS LLC.
The LLC’s authorized capital is 71.125 million UAH.
MBS LLC is part of the Metinvest Group, whose main shareholders are PJSC System Capital Management (SCM, Donetsk) (71.24%) and the Smart-Holding group of companies (23.76%). The management company of the Metinvest Group is Metinvest Holding LLC.
Metinvest Machinery LLC (formerly the Zaporizhzhia Foundry and Mechanical Plant, ZLMZ) increased its net loss 11.3-fold in January–September of this year compared to the same period last year, reaching 330.083 million UAH.
According to the company’s interim report, available to the Interfax-Ukraine news agency, the loss in the third quarter amounted to 93.206 million UAH.
Revenue from ordinary operations for this period totaled 2 billion 999.805 million UAH.
The accumulated loss as of the end of September stood at 1,451.386 million UAH.
As previously reported, Metinvest Machinery posted a net loss of 150.693 million UAH in the first quarter of 2026, compared to a loss of 7.067 million UAH in the same period last year. Revenue from ordinary activities for this period amounted to 1,458.751 million UAH.
In the first half of the year, the LLC reported a profit of 236.877 million UAH, whereas in the same period last year it had a loss of 19.681 million UAH; revenue from ordinary activities for this period amounted to 2,311.222 million UAH.
The accumulated loss as of the end of September amounted to 1,358,333 million UAH.
In 2025, the LLC reduced its net loss by 20% compared to 2024—to 35.314 million UAH from 44.249 million UAH. At the same time, revenue from ordinary operations for this period increased compared to 2024, rising to 301.960 million UAH from 22.261 million UAH.
The report noted, however, that the figures show significant deviations due to the reorganization of the company through the merger of ZLMZ LLC and Metinvest-Kryvyi Rih Repair and Mechanical Plant LLC (KRMP) into Metinvest Machinery LLC. The authorized capital increased by 176.946 million UAH in 2025 due to the business merger.
The number of employees as of the end of 2025 was 3,150 thousand people, compared to 47 people as of the end of 2024.
At the end of 2025, Metinvest consolidated its service operations into a single entity, “Metinvest Machinery,” based at ZLMZ. The actual consolidation of the companies’ assets and liabilities took place on December 1, 2025.
Metinvest Holding LLC owns a 100% stake in Metinvest Machinery LLC.
The authorized capital of Metinvest Machinery LLC is 191.946 million UAH.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. 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 “Yuria” (trademark “Voloshkove Pole”) increased its revenue by 17.9% in July–September 2026 compared to the same period last year, reaching 644.53 million UAH.
According to the company’s reports filed with the National Securities and Stock Market Commission (NSSMC), it posted a net loss of 83.67 million UAH for the period, whereas it had reported a net profit of 84.88 million UAH for July–September of last year.
Yuriya’s gross profit for the third quarter rose by 56.9% to 96.45 million UAH, but at the same time, an operating loss of 78.87 million UAH was recorded, compared to an operating profit of 84.91 million UAH in the third quarter of last year.
Among other factors, these results are linked to a significant decrease in other operating income—UAH 10.74 million compared to UAH 145.11 million in July–September of last year—as well as a 60.3% increase in selling expenses, which rose to UAH 137.12 million.
Overall, for the first nine months of this year, “Yuria” increased its revenue by 12.9%—to 1 billion 834.81 million UAH—but reported a net loss of 16.43 million UAH, compared to a net profit of 86.66 million UAH for the first nine months of last year.
Its gross profit rose by 49.7% to 276.26 million UAH, while its operating loss amounted to 6.27 million UAH, compared to an operating profit of 90.02 million UAH last year.
According to the report, while the company had 67.72 million UAH in long-term bank debt at the beginning of the year, by mid-year it had only 1 million UAH in short-term debt, which rose to 180 million UAH by the end of September.
It is noted that over the first nine months of this year, “Yuriya” produced 17.77 thousand metric tons of milk and cream (5.81 thousand metric tons in the third quarter) worth 563.62 million UAH (186.55 million UAH), 456.2 metric tons of 85% butter (171.5 metric tons) worth 158.49 million UAH (60.18 million UAH), and 2.39 thousand metric tons of fresh unfermented cheese (0.87 thousand metric tons) worth 518.02 million UAH (188.11 million UAH).
As for exports, over the first nine months of this year, they totaled 2.08 thousand metric tons worth 222.31 million UAH, or 5.7% of total sales.
According to the report, 49.4% of all casein produced (43.19 million UAH), 42% of 8% sweet curd cheese (9.80 million UAH), 25.7% of 18% and 26% sweet curd cheese (79.62 million UAH), 16.3% of butter (32.00 million UAH), and 5% of ultra-pasteurized milk (40.79 million UAH).
Company management identifies the main risk in the near term as the high likelihood of further damage to energy infrastructure as a result of targeted hostile attacks by the Russian Federation, as well as the aggressor’s attempts to destroy transportation infrastructure.
“A separate, particularly important task is retaining the workforce (given the conscription of a significant number of employees into the Armed Forces of Ukraine and other armed formations, as well as emigration abroad),” the document states.
As previously reported, at an extraordinary general meeting on July 2, 2026, the shareholders of PJSC “Yuria” preliminarily approved the conclusion of significant transactions with JSC “Pivdenny” totaling up to 900 million UAH, including loan and other financial agreements, as well as amendments to existing agreements regarding financing limits, terms, interest rates, and fees.
PJSC “Yuria” is the legal successor to the Cherkasy City Milk Processing Plant, which has a design capacity of 25 metric tons of raw material processing per day. It ranks among the top ten largest Ukrainian milk producers.
The dairy producer, operating under the “Voloshkove Pole” trademark, invested EUR 1.5 million in 2023 to install a Tetra Pak line in order to double its production of ultra-pasteurized milk. In 2024, the company invested EUR 1.6 million in modernizing the production facilities of its enterprises and commissioned a new production line for glazed cheese curds.
The company has two subsidiaries: “Yuria-2”—a network of brand-name stores and kiosks in Cherkasy—and “Yuria-Trans”—a trucking company that delivers raw materials and supplies for processing, products to retail outlets, and provides other transportation services. Its raw material supply area covers the Cherkasy, Kirovohrad, Poltava, Kyiv, and Vinnytsia regions. Milk is collected from over 200 settlements.
The company’s beneficial owners are Oleksandr and Andriy Tabalov.
According to the annual report, “Yuriya’s” revenue in 2025 grew by 27.8%—to 2.20095 billion UAH—while net profit amounted to 62.68 million UAH, compared to a net loss of 121.95 million UAH the previous year.
