Yeristovsky Mining and Processing Plant LLC (YMPP, Horishni Plavni, Poltava Oblast), a subsidiary of the mining company Ferrexpo, whose majority shareholder is Konstantin Zhevago, reduced its net loss by 21.9% in January–June of this year compared to the same period last year—to 629.283 million UAH from 805.243 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 fell by a factor of 5.5—to 1,326.967 million UAH from 7,274.247 million UAH.
The uncovered loss as of the end of June 2026 amounted to 1,190,199 million UAH.
As previously reported, in January–March of this year, YEGZK reduced its net loss by 11.7% compared to the same period last year—to 330,780 million UAH from 374,477 million UAH; while revenue from ordinary operations for this period fell by a factor of 14.7—to 400.753 million UAH from 5 billion 898.156 million UAH.
The official report for 2025 has not yet been published. At the same time, YEGZK reported a net loss of 879.341 million UAH for January–September 2025, whereas in the same period of 2024, it had reported a profit of 514.369 million UAH. Revenue for this period decreased by 45.3%—to 8 billion 124.766 million UAH. Retained earnings as of the end of September 2025 amounted to 171.842 million UAH.
According to YouControl, YEGZK’s net loss in 2025 totaled 1 billion 488.580 million UAH, while revenue amounted to 8 billion 773.725 million UAH.
In 2024, the LLC reported a net profit of 1 billion 84.107 million UAH, compared to 1 billion 832.538 million UAH in 2023.
Yeristivsky Mining and Processing Plant LLC extracts both high- and low-grade iron ore. The LLC was registered on July 14, 2008. As of December 31, 2024, the company had 1,797 employees (compared to 1,789 in 2023).
According to the annual report, as of December 31, 2024, Ferrexpo AG (Switzerland) held a 99.999% stake in Yeristivsky GZK LLC, while Ferrexpo Service LLC (Ukraine) held a 0.001% stake.
It is noted that Ferrexpo AG, which is wholly owned by Ferrexpo plc (the ultimate parent company), exercises control over Ferrexpo Service LLC. A stake of less than 50% in Ferrexpo plc is ultimately held by Minso Trust, whose beneficiaries are Konstantin Zhevago and his immediate family members, and which was established to manage the stake in the Ferrexpo group of companies.
The authorized capital of YEGOK LLC is 8 billion 263.698 million UAH.
