Business news from Ukraine

Business news from Ukraine

“ArcelorMittal Kryvyi Rih” Increased Its Half-Year Loss by 57.4%

The Kryvyi Rih Mining and Metallurgical Plant, PJSC “ArcelorMittal Kryvyi Rih” (AMKR, Dnipropetrovsk Oblast), ended the January–June period of this year with a net loss of 6 billion 641.858 million UAH, an increase of 57.4% compared to the first half of last year, when it stood at 4 billion 219.136 million UAH.

According to the company’s interim report, a copy of which is available to the Interfax-Ukraine news agency, AMKR’s revenue from ordinary operations for this period amounted to 32,839,717 million UAH, compared to 33,818,076 million UAH in January–June 2025.

The accumulated loss as of the end of June 2026 amounted to 39,482.201 million UAH.

AMKR’s production volumes for the reporting period were as follows: pig iron—311,234 thousand metric tons; rolled steel—381,185 thousand metric tons; and iron ore concentrate—633,045 thousand metric tons. Exports accounted for 66% of total sales. During the reporting period, AMKR sold steel products on the domestic market, in European markets, and to other countries, such as Egypt, Moldova, and Turkey. The products were exported by rail and through Black Sea ports.

As previously reported, ArcelorMittal Kryvyi Rih ended the January–March 2026 period with a net loss of 4 billion 599.057 million UAH, an increase of 54.8% compared to the same period in 2025, when the loss amounted to 2 billion 970.387 million UAH. Revenue from ordinary operations during this period amounted to 13,244.044 million UAH, compared to 15,063.014 million UAH in January–March 2025.

AMKR ended 2025 with a net loss of 8 billion 896.797 million UAH, while in 2024 it amounted to 8 billion 848.963 million UAH. Revenue from ordinary activities for 2025 reached 70 billion 634.443 million UAH, compared to 64 billion 591.407 million UAH in 2024.

At the same time, AMKR ended 2025 with a consolidated net loss of 8 billion 887.789 million UAH, compared to 8 billion 841.794 million UAH in 2024. At the same time, consolidated income from ordinary activities amounted to 70,627,356 million UAH in 2025, compared to 64,599,685 million UAH in 2024. The consolidated uncovered loss at the end of last year stood at 32,927,580 million UAH.

In 2024, the plant reduced its consolidated net loss by 25.5% compared to 2023—to 8 billion 841.812 million UAH from 11 billion 875.984 million UAH. At the same time, net revenue decreased by 54.3%—to 64,599,685,000 UAH from 41,873,521,000 UAH.
“ArcelorMittal Kryvyi Rih” is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular rebar and wire rod.

ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, “ArcelorMittal Kryvyi Rih,” and a number of smaller companies, including PJSC “ArcelorMittal Beryslav.”
According to the company, ArcelorMittal Duisburg GmbH (Germany) owns 95.128% of its shares.

The steel complex’s authorized capital is 3 billion 859.533 million UAH.

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“NovaPay Credit” Increased Its Half-Year Profit 3.2-Fold

“NovaPay Credit,” a subsidiary of the international financial services company “NovaPay” (TM NovaPay) within the Nova Group, which is the issuer of NovaPay bonds, increased its net profit 3.2-fold in the first half of 2026 compared to the same period in 2025—to 172.01 million UAH, according to its interim condensed financial statements.

According to the report, revenue for the first half of the year increased 2.2 times compared to the same period last year—to 586.42 million UAH.
Gross profit increased 2.9-fold to 265.41 million UAH, while operating profit rose 3.2-fold to 229.17 million UAH.

The report notes that in the second quarter of 2026, the company increased its net profit by 4.9 times compared to the same period in 2025—to 97.50 million UAH—amid a 2.4-fold increase in revenue—to 312.96 million UAH.
Gross profit in the second quarter of 2026 also increased 4.3-fold to 151.35 million UAH, while operating profit rose 4.9-fold to 129.91 million UAH.

According to the report, equity for the first half of this year rose from 516.5 million UAH to 688.5 million UAH, while liabilities increased from 1 billion 371.0 million UAH to 1 billion 690.8 million UAH.
It is noted that the company increased proceeds from bond sales in January–June of this year to 693 million UAH from 355.63 million UAH in the first half of last year, while expenses for their redemption also rose—to 578.80 million UAH from 244.92 million UAH, respectively.

As for proceeds from repo agreements involving bonds—which the company offers as an alternative to bank deposits—they rose in the first half of 2026 to 882.32 million UAH from 705.88 million UAH, while expenses under such agreements rose to 727.59 million UAH from 422.03 million UAH.
Among other things, the report also notes that in July, a decision was made to issue Series “R” bonds on the “Perspektiva” Stock Exchange (PJSC) with a par value of 200 million UAH; The bonds were issued in the traditional denomination of 1,000 UAH each, with a maturity date of September 3, 2029.

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“Ukrgraphite” Increased Its Half-Year Loss by 53.7%

PJSC “Ukrainian Graphite” (“Ukrgraphite,” Zaporizhzhia) reported a 53.7% increase in its net loss for the January–June period of this year compared to the same period last year, bringing the total to 180.462 million.

According to the company’s interim report, which is available to the Interfax-Ukraine news agency, revenue for this period decreased by 5.1% to 651.465 million UAH.
The company’s retained earnings as of the end of June amounted to 3,221.034 million UAH.

The management report notes that production is currently taking place amid a challenging situation in Ukraine’s energy sector and high energy prices, which requires the implementation of additional measures to improve energy efficiency to ensure the company’s uninterrupted operation. Specifically, these include work to modernize the mixing and pressing section (installation of an electrically heated mixing machine and restoration of the operational capacity of the electrode paste production line for the manufacture of carbonizing agents); modernization of the impregnation section—purchase and commissioning of a new vacuum system, which will ensure stable operation of the autoclaves to achieve a deep vacuum and help reduce vacuum oil consumption; modernization of the graphitization section—upgrading the mobile pneumatic system, which improves the system’s operational reliability, extends maintenance intervals, and reduces downtime.

In addition, the company modernized its electricity metering system—automating the monitoring of electricity consumption by the company’s divisions (consumer workshops) in production processes, optimizing the operating schedule of process equipment, and managing consumption.
In 2025, “Ukrgrafit” saw its net loss increase by 31.3% compared to 2024—to 265.776 million—while revenue for this period decreased by 13.5%—to 1 billion 272.074 million UAH.

“Ukrgrafit” ended 2024 with a net loss of 202.447 million UAH, whereas in 2023 it increased its net profit by a factor of 2.34 compared to 2022—to 122.920 million UAH.
“Ukrgrafit” is Ukraine’s leading manufacturer of graphitized electrodes for electric steel-melting, ore-thermal, and other types of electric furnaces; commercial carbon compounds for Soderberg electrodes; and carbon-based refractory materials for enterprises in the metallurgical, machine-building, chemical, and other industrial sectors.

According to data from the National Depository of Ukraine (NDU) for the first quarter of 2026, Intergraphite Holdings Company Limited (Malta) owns 23.9841% of the private joint-stock company, and C6 Safe Group Limited (Cyprus) owns 72.0394%.
The authorized capital of the private joint-stock company is 233.959 million UAH, and the par value of each share is 3.35 UAH.

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“Ukrenergomashiny” Increased Its Half-Year Profit Nearly 13-Fold

JSC “Ukrenergomashiny” (Kharkiv) ended the January–June 2026 period with a net profit of 6.46 million UAH, while for the same period in 2025, this figure stood at 0.5 million UAH.

According to the company’s financial report, published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), net sales revenue increased by 35.5% to 635.1 million UAH.
The plant generated 0.1 million UAH in operating profit (compared to 13.8 million UAH last year), and gross profit increased by 68.7% to 237.4 million UAH.

Retained earnings as of the end of the first half of the year amounted to 2.669 billion UAH.
As previously reported, in the first quarter of this year, “Ukrenergomashiny” reported a net profit of 0.74 million UAH (compared to 0.25 million UAH for the same period in 2025), driven by a 27.4% increase in net revenue to 287.1 million UAH.

According to the report, total exports in January–June amounted to 13.8 million UAH (4.5% of sales volume).

The main foreign customers were the “Eurasian Energy Corporation” (Kazakhstan) and “Tajik SGEM” (Tajikistan), while the main Ukrainian customers were “NAEK Energoatom” and “Ukrhydroenergo”; SNVO “Impuls”; “Ukrzaliznytsia,” “Mykolaiv Diesel Locomotive Repair Plant,” “Kryukiv Railway Car Building Works,” “DTRZ,” “TATRA-YUG,” “ArcelorMittal Kryvyi Rih,” and “NVK ‘ISKRA.’”

The company identifies its main competitors as the foreign firms Andritz (Austria), Voith (Germany), General Electric (U.S.), and Bharat Heavy Electric Ltd. (India).

“Ukrenergomashiny” notes that the total planned capital investment for 2026 amounts to 60 million UAH, and the actual disbursement of funds for the second quarter was 2.54 million UAH, including 0.53 million UAH for the purchase of new equipment and 0.7 million UAH for installation work and equipment modernization. Funding will be provided from the company’s own resources.

JSC “Ukrenergomashiny,” more than 75.22% of whose shares are owned by the state, is Ukraine’s sole manufacturer of turbine equipment for hydroelectric, thermal, and nuclear power plants. It also manufactures electric motors for rail and urban transit.
The average number of full-time employees as of July 1 of this year was 2,687.

In 2025, the company increased its net revenue by nearly 33% compared to 2024—to 1.06 billion UAH—and its net profit by a factor of 3.5, to 3.07 million UAH.

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Novoselivsky Mining and Processing Plant Reports 7.8% Decline in First-Half Profit

PJSC “Novoselivsky Mining and Processing Plant” (NGZK, Kharkiv Oblast) saw its net profit decline by 7.8% in January–June of this year compared to the same period last year—to 12.480 million UAH from 13.536 million UAH.

According to the company’s interim report, available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period rose by 7.4%—to 112.440 million UAH.

Retained earnings as of the end of June 2026 amounted to 116.772 million UAH.

As previously reported, NGZK posted a net loss of 4.441 million UAH in January–March of this year, whereas in the same period last year it reported a net profit of 3.677 million UAH; revenue from ordinary operations for that period was 36.067 million UAH (47.396 million UAH).

According to the annual report, NGZK increased its net profit to 20.170 million UAH in 2025 from 18.938 million UAH in 2024. At the same time, revenue from ordinary operations for this period increased compared to 2024, rising to 190.631 million UAH from 168.553 million UAH.

In 2024, NGZK increased its net profit by 6.1% compared to 2023—to 18.938 million UAH, while net revenue rose by 11.6% to 168.553 million UAH.

The Novoselivsky Mining and Processing Plant was established in 2000. It is engaged in the extraction of sand, gravel, and clay.

According to data from the National Securities and Stock Market Commission for the first quarter of 2026, Silica Holding LLC (Ukraine) owns 94.8205% of the public joint-stock company.

The authorized capital is 21.25 million UAH.

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“Poltava Poultry Farm” Increased Its Half-Year Profit by 82.9%

In January–June 2026, PJSC “Poltava Poultry Farm” increased its net profit by 82.9% compared to the same period in 2025, reaching 19.07 million UAH.

According to the company’s disclosure in the National Securities and Stock Market Commission (NSSMC) disclosure system, its net revenue from product sales rose by 20.9% to 545.9 million UAH.
According to the financial statements, the company’s gross profit for the first half of the year increased by 12.9% to 190.2 million UAH, while operating profit rose by 82.9% to 23.3 million UAH.

As of June 30, 2026, the assets of Poltava Poultry Farm PJSC totaled 1.079 billion UAH, compared to 1.068 billion UAH at the beginning of the year. Equity rose to UAH 1.035 billion from UAH 1.016 billion, while current liabilities decreased to UAH 44.5 million from UAH 51.7 million.

In its interim management report, the company noted that during the reporting period it maintained a stable level of production, fulfilled its obligations to partners, and no significant adverse events that could affect its financial or operational stability were recorded. Among the main risks, the company cites the continuation of the war, logistical difficulties, inflationary pressure, exchange rate fluctuations, and rising energy prices.

Poltava Poultry Farm PJSC was registered in August 1998. Its primary activity is poultry farming. The company is also engaged in the production of poultry meat and meat products, as well as the cultivation of grain and oilseed crops. Its production facilities are located in the village of Stasi, Poltava Oblast. According to the Unified State Register, the company’s ultimate beneficial owners are Ruslan Urdzik, Bohdan Yesipov, Volodymyr Troyan, Serhiy Semenyachenko, Andriy Milovanov, and Mykhailo Zhikharev.

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