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.
Metinvest Group’s network of metal service centers in Ukraine—Metinvest-SMZ LLC—increased its net profit by 71% in January–September of this year compared to the same period last year, reaching 1 billion 49.273 million UAH.
According to the company’s interim report, which is available to the Interfax-Ukraine news agency, third-quarter profit totaled 372.618 million UAH.
Revenue from ordinary operations for this period rose by 7% to 33.942977 billion UAH.
Retained earnings as of the end of September totaled 3 billion 789.679 million UAH.
As previously reported, Metinvest-SMZ increased its net profit by 40.2% in January–March compared to the same period last year, reaching 57.587 million UAH. Revenue from ordinary operations for this period decreased by 5.5% to 8.691587 billion UAH.
In the first half of this year, Metinvest-SMZ increased its net profit by 83.1% compared to the same period last year—to 676.655 million UAH, while revenue grew by 8.6%—to 21 billion 478.404 million UAH.
According to the 2025 report, the company’s net profit decreased by 27.3% compared to 2024—to 349.190 million UAH from 480.537 million UAH. At the same time, revenue from ordinary operations increased by 12.6%—to 42,626,492,000 UAH from 37,852,123,000 UAH. In 2024, the LLC reported a net profit of 480,537,000 UAH (compared to 881,551,000 UAH in 2023).
Metinvest-SMZ LLC is the largest network of metal service centers in Ukraine and has been operating in the market since 2003. Its metal service centers are located in key industrial cities across the country, such as Kyiv, Kharkiv, Dnipro, Zaporizhzhia, Lviv, Odesa, and others.
The LLC’s authorized capital is 17.205 million UAH.
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 company’s major shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest
Holding LLC is the management company of the Metinvest Group.
Kyivstar, Ukraine’s largest mobile operator, increased its EBITDA by 18.7% in the third quarter of 2026 to 8.4 billion UAH, while revenue rose by 26.5% to 15.6 billion UAH, according to the company’s quarterly report released on Friday.
“This quarter demonstrates how Kyivstar is expanding. This growth provides the resources for further expansion: over the first nine months, free cash flow increased by 57%. Our network continued to operate even under the most challenging conditions,” the document quotes Kyivstar CEO and President Oleksandr Komarov as saying.
Kyivstar estimates revenue growth for the third quarter of 2026 in U.S. dollars at 17.5%—to $349 million—and EBITDA at 10.3% to $189 million.
Net income for the third quarter of this year was $99 million, compared to a net loss of $89 million in the third quarter of 2025; earnings per share were $0.36, while in the third quarter of 2025 the figure was $0.41.
Revenue from the digital segment grew by 68.9% to $76 million, accounting for 21.7% of the group’s total revenue. EBITDA for the digital segment increased by 74.2% to $31 million, with a margin of 40.7%.
Revenue from telecommunications and infrastructure grew by 8.4% in the third quarter of this year compared to the same period last year, reaching $273 million, or a 16.7% increase in hryvnia terms.
Capital expenditures in the third quarter of this year decreased by 25.6% to $66 million, while the capital expenditure intensity over the past 12 months fell from 29% to 24%.
It is noted that free cash flow amounted to $83 million (compared to $34 million in the third quarter of 2025), and for the first nine months of this year, it totaled $274 million, an increase of 56.8%. Cash and cash equivalents totaled $436 million, and net liquidity, excluding leases, amounted to $350 million.
The report specifies that Kyivstar is raising its forecast for 2026 and now expects revenue growth of 15–17% in dollars, or 22–24% in hryvnia. EBITDA is also expected to grow by 10–12% in dollars and 18–20% in hryvnia.
At the same time, Kyivstar added that the capital expenditure ratio will remain unchanged at 21–24%.
Among other things, ARPU (Average Revenue Per User) in the mobile segment for the third quarter of 2026 rose by 14% compared to the third quarter of 2025—to 178.9 UAH (up 13% in U.S. dollars—to $4). The company explains that this is due to a 20% increase in data consumption and a rise in 4G penetration to 71.5% (+4.9 percentage points).
At the same time, the number of broadband internet subscribers increased by 11.3% compared to the previous figure, reaching 1.3 million.
“The Open Access agreement with Ukrtelecom allows Kyivstar to provide home internet services via Ukrtelecom’s fiber-optic network, which contributes to the group’s further expansion of market coverage,” the report emphasized.
According to the report, Kyivstar’s total number of subscribers in the third quarter of 2026 decreased by 3.6% compared to the same period in 2025, down to 21.7 million.
In addition, Kyivstar is expanding its digital services alongside its telecom business. The number of active users of these services in the third quarter stood at 29.5 million (+48.2%), including Tabletki.ua, whose results have been consolidated since February 2026.
Furthermore, the mobile operator’s customers who use multiple services account for 40.3% of the active subscriber base, while their ARPU is 1.5 times higher than the average for mobile subscribers.
The online taxi service Uklon, which was consolidated into Kyivstar’s financial statements in April 2025, generated 1.497 billion UAH in revenue, or $33.5 million, in the third quarter of 2026. EBITDA for the reporting period amounted to 455 million UAH, or $0.2 million.
Uklon’s digital customer base grew by 6% to 5.4 million users; the number of booked trips during this period increased by 1.5% to 42.8 million, and the number of completed trips rose by 26.9% to 1.5 million.
In addition, it is reported that the Helsi healthcare information system generated revenue of 111 million UAH as of the end of the third quarter of 2026, an increase of 47% compared to the same period in 2025 (or 36.5% to $2.5 million). Premium subscriptions to the service totaled 136,000 in the third quarter of this year.
The service’s customers have access to 1,700 healthcare facilities; there are 46,000 active doctors in the system (a 19.9% increase), and patients made 2.3 million appointment bookings. In total, the service has 5.2 million digital customers, an increase of 6.2%.
Tabletki.ua, which was acquired in February of this year for $160 million, generated 361 million in revenue, or $8.1 million, in the third quarter of 2026. EBITDA totaled 271 million UAH, or $6.1 million. The service had 6.6 million digital customers in the third quarter of this year. The average monthly number of orders reached 15 million, and gross merchandise value (GMV) totaled $397 million.
Revenue for the Kyivstar TV platform in the third quarter of 2026 reached 630 million (14.1 million). The number of the platform’s digital customers during the reporting period was 3.5 million (a 32.3% increase), while the number of sessions rose by 18.6% to 784 million.
In late October, it was reported that Kyivstar announced the acquisition of GigaCloud, one of Ukraine’s leading cloud infrastructure providers, for nearly 2.28 billion UAH (nearly $50 million) with the aim of expanding its capabilities in the field of cloud solutions for businesses.
GigaCloud, founded in 2016, currently serves more than 1,800 corporate clients. The company specializes in providing relevant services to businesses. Among the company’s clients are the Kernel agricultural holding, Naftogaz, and others.
In 2025, the company reported revenue of $14 million and EBITDA of $4.7 million.
Kyivstar increased its revenue by 29.1% in the first half of 2026 compared to the same period in 2025—to 28.9 billion UAH, or 22.8% in dollar terms, to $662 million. Kyivstar’s net profit during this period increased by 36.1% compared to the same period in 2025—to 7.1 billion UAH, or by 28.8% in U.S. dollars, to $162 million.
