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.
PJSC “Dniprospetsstal Electrometallurgical Plant” (Zaporizhzhia) reported a fourfold increase in its net loss for January–June of this year compared to the same period last year—rising to 728.629 million UAH from 180.048 million UAH.
According to the company’s interim report, available to the agency “Interfax-Ukraine”, revenue from ordinary operations for this period decreased by 21.5%—to 2,205.763 million UAH.
The accumulated loss as of the end of June 2026 amounted to 6,935.497 million UAH.
As previously reported, in the first quarter of 2026, Dniprospetsstal saw its net loss increase 3.9-fold compared to the same period last year, reaching 510.751 million UAH. Revenue from ordinary operations for this period decreased by 21.4%—to 957.475 million UAH from 1 billion 217.961 million UAH.
According to the 2025 report, the company’s net loss last year increased by 22.1% compared to 2024—to 711.015 million UAH from 582.427 million UAH. At the same time, revenue from ordinary operations for this period decreased by 6.2%—to 5,330.967 million UAH from 5,686.039 million UAH.
“Dniprospetsstal” is Ukraine’s sole manufacturer of long products and forgings made from special steel grades: stainless steel, tool steel, high-speed steel, bearing steel, structural steel, as well as heat-resistant nickel-based alloys.
According to the National Securities and Stock Market Commission’s data for the first quarter of 2026, its shares are held by Wenox Holdings Ltd. (47.1128%), Boundryco Ltd. (11.0131%), Gazaro Ltd. – 16.5197%, Crascoda Holdings – 6.6826%, and Middleprime Limited – 9.7901% (all based in Cyprus).
It was previously reported that in May 2008, the international investment and consulting group EastOne sold its approximately 30% stake in Dniprospetsstal, which had previously been held under the group’s mandate. The plant’s new shareholders are linked to VS Energy International, whose beneficial owners include several Russian entrepreneurs.
According to the report, in May 2023, pursuant to a decision by the National Security and Defense Council of Ukraine (NSDC) dated May 12, 2023, personal economic sanctions were imposed on the ultimate beneficial owner of PJSC “Dniprospetsstal.”
The authorized capital of the PJSC amounts to 49.720 million UAH.
PJSC “Electrometallurgical Plant ‘Dniprospetsstal’” (Zaporizhzhia) and Zaporizhzhia Electric Power Supply LLC have reached a settlement agreement to repay the consumer’s electricity debt in the amount of 89,986,568 thousand UAH for the period from January 1 to February 5, 2026.
According to court documents in Case No. 908/1091/26, copies of which are available to the “Interfax-Ukraine” agency, on May 4, 2026, the Commercial Court of Zaporizhzhia Oblast received a statement of claim from ‘Zaporizhzhiaelektropostachannya’ LLC against “Dniprospetsstal” with the participation of JSC “Zaporizhzhiaoblenergo,” seeking recovery of debt for consumed electricity in the amount of 89,986,568 thousand UAH, of which 85.398 million UAH is principal debt plus 3% per annum and the inflation index.
Following a series of hearings, at the court session on June 3, representatives of the parties to the case supported a joint statement by the parties approving the settlement agreement dated May 26, concluded between Zaporizhzhia Electric Power Supply LLC and Dniprospetsstal PJSC. The court granted the motion to approve the settlement agreement, under which the defendant acknowledges that its debt for electricity consumed during the period from January 1 to February 5, 2026, amounts to 87,986,568 thousand UAH and undertakes to repay it in several installments.
Within three calendar days of the lifting of the provisional measures ordered by the Commercial Court’s ruling of May 19, 2026, in Case No. 908/1091/26, the defendant shall pay the plaintiff 50 million UAH.
Payment of the remaining principal debt in the amount of 37,986,568 thousand UAH will be made according to the following schedule: 18,993,284 thousand UAH by June 30, 2026; a similar installment by July 30, 2026.
On this basis, the court, by a ruling dated June 3 and published on June 8 of this year, closed the case.
In another case, No. 908/1844/25, the Zaporizhzhia Regional Commercial Court, by a ruling dated June 11 of this year and published on June 12, partially granted the motion “Dniprospetsstal” to defer enforcement of the decision regarding the recovery, in favor of the Zaporizhzhia City Council, of lost revenue from the use of a land plot without title documents for the period from July 14, 2020, to February 28, 2025, in the amount of 3,661,675 thousand UAH, taking into account the outstanding balance as of June 11, 2026, in the amount of 3,138,578 thousand UAH.
The company must repay the debt within five months, making equal monthly payments of 627,715 thousand UAH.
As previously reported, in the first quarter of 2026, “Dniprospeztal” saw its losses increase 3.9-fold compared to the same period in 2025—to 510.751 million UAH. Uncovered losses as of the end of March 2026 amounted to 6 billion 775.516 million UAH.
The company’s net loss in 2025 increased by 22.1% compared to 2024—to 711.015 million UAH from 582.427 million UAH. As of December 31, 2025, the company’s workforce numbered 2,814 thousand people (in 2024—3,147 thousand people).
“Dniprospetsstal” is Ukraine’s sole manufacturer of long products and forgings made from special steel grades: stainless steel, tool steel, high-speed steel, bearing steel, structural steel, as well as heat-resistant nickel-based alloys.
According to the National Securities Commission’s data for the first quarter of 2026, its shares are held by Wenox Holdings Ltd. (47.1128%), Boundryco Ltd. (11.0131%), Gazaro Ltd. – 16.5197%, Crascoda Holdings – 6.6826%, and Middleprime Limited – 9.7901% (all based in Cyprus).
It was previously reported that in May 2008, the international investment and consulting group EastOne sold its approximately 30% stake in Dniprospetsstal, which had previously been held under the group’s mandate. The plant’s new shareholders are linked to VS Energy International, whose beneficiaries include several Russian entrepreneurs.
According to the report, in May 2023, pursuant to a decision by the National Security and Defense Council of Ukraine (NSDC) dated May 12, 2023, personal economic sanctions were imposed on the ultimate beneficial owner of PJSC “Dniprospetsstal.”
The authorized capital of the PJSC amounts to 49.720 million UAH.
COURT, DEBT, DNIPROSPETSSTAL, ELECTRICITY, electricity supply, Zaporizhzhia
Three medical institutions in Kyiv, Kropyvnytskyi, and Zaporizhzhia received new 1.5 Tesla magnetic resonance imaging (MRI) machines purchased by the state-owned enterprise Medical Procurements of Ukraine (MPU).
According to a press release from MZU, the GE Healthcare Signa Champion MRI machines were received by the Institute of Traumatology and Orthopedics of the National Academy of Medical Sciences of Ukraine in Kyiv, the City Emergency Hospital in Kropyvnytskyi, and the City Emergency and Ambulance Hospital in Zaporizhzhia.
“The purchased models provide high-quality imaging without the use of ionizing radiation and are designed for detailed examination of the central nervous system, cardiovascular system, abdominal and pelvic organs, musculoskeletal system, as well as for the detection of oncological changes,” the Ministry of Health reports.
The devices were purchased by order of the Ministry of Health of Ukraine in 2024. These three MRI machines are the final deliveries of this equipment from the batch purchased under the 2024 budget.
In total, in 2023-2024, the Ministry of Health purchased 33 MRI machines with a magnetic field strength of 1.5 and 3 Tesla. In 2025, the Ministry of Health purchased 20 such devices with a power of 1.5 Tesla with funds from the European Union within the framework of the Ukraine Facility program.
HOSPITAL, Kropyvnytskyi, Ministry of Health, MRI, Zaporizhzhia
Metinvest Group’s Zaporizhzhia-based steel and mining enterprises, Zaporizhstal, Zaporozhogneupor, Zaporozhkoks and Zaporizhzhia Foundry and Mechanical Plant (ZLMZ), increased their payments to budgets of all levels by 35% year-on-year in January-September this year, totaling more than UAH 2.1 billion in taxes and fees.
According to the group’s press release on Friday, the most significant payments in terms of volume are the unified social tax and the single personal income tax. A significant share of deductions is also accounted for by the payment of environmental and land taxes and military fees.
“Metinvest Group’s enterprises remain among the largest taxpayers in Zaporizhzhia. In the first nine months of this year, Metinvest’s steelmakers paid almost UAH 700 million to the local budget, a quarter more than last year. Taxes are the basis of the public sector and the foundation for sustainable development of the frontline region. That is why, despite all the difficulties of wartime, our enterprises remain a reliable pillar of Zaporizhzhia,” said Taras Shevchenko, acting CEO of Zaporizhstal.
At the same time, the company’s enterprises in the region systematically implement socially important projects to reintegrate war veterans and support their families, help vulnerable groups of the population, assist in eliminating the consequences of shelling and restore destroyed infrastructure.
As reported earlier, including associates and joint ventures, Metinvest Group increased its tax payments to the Ukrainian budget by 38% to over UAH 15 billion in the first nine months of 2024. Since the beginning of the full-scale invasion, Metinvest has allocated UAH 7.5 billion to help Ukraine and its citizens, including UAH 4 billion for the needs of the army as part of Rinat Akhmetov’s Steel Front military initiative. The Group remains a reliable support for the country in its fight against the enemy.
In 2023, Metinvest’s Zaporizhzhia enterprises paid more than UAH 2.1 billion to the budgets of all levels, including more than UAH 818 million to local budgets. At the same time, under martial law, they waived tax benefits worth more than UAH 350 million in favor of the state.
Taking into account its associated companies and joint ventures, Metinvest paid UAH 14.6 billion in taxes and fees to the budgets of all levels in Ukraine in 2023. Since the beginning of the full-scale war, the Group has allocated UAH 4.8 billion to help Ukraine and its citizens, including more than UAH 2.5 billion for the needs of the army.
In 2022, Metinvest’s Zaporizhzhia enterprises paid about UAH 3.4 billion to budgets of all levels, including almost UAH 820 million to local budgets last year.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are widely known and in demand in the domestic market and in many countries around the world. “Zaporizhstal is in the process of being integrated into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%). Metinvest Holding LLC is the management company of Metinvest Group.
Water is already being supplied from Zaporizhzhia to the pumping and filtering station in Marhanets (the first branch), where it is purified and distributed to consumers – the Marhanets, Myrivska, Shyrokivska, and Tomakivska communities. The second branch will supply water to Nikopol, Pokrovske and Chervonohryhorivka (Dnipropetrovska oblast), said Maksym Shkil, owner of Autostrada.
Autostrada completed the construction of the water pipeline and its preparation for launch in February. All this time, they had to wait for the identification of the facility’s balance sheet holder and for a constant voltage supply.
The modern water supply system is fully automated and computerized, and is now fully powered by a constant power supply. A centralized control room for the entire water supply system has been set up, based on modern automation equipment and data transmission systems. This minimizes the involvement of operational staff and increases the reliability and efficiency of the water supply system.
Autostrada built the main water supply system from scratch in 7 months – from design to implementation. This is a record-breaking time. It takes up to a year and a half to develop projects of this level. We didn’t have this time, given the humanitarian catastrophe in which the region found itself due to the explosion of the Kakhovka hydroelectric power plant.
At the same time, we were designing, obtaining technical specifications, approvals and permits, and building the project – designers, surveyors, and builders worked in parallel and in a coordinated manner – directly at the site, 24/7!
These were extremely difficult tasks, but we solved them!
The length of the network is 77.9 km. The design capacity of the water supply system is 150,000 m3 of water per day. It was important to ensure water intake from the Dnipro, the largest Ukrainian river with a constant inflow of living water. Since access to the Dnipro riverbed is limited in many areas due to constant enemy shelling, it was decided to take water from Zaporizhzhia, a large industrial city with a difficult terrain. The designers were actually drawing the routes based on maps, as the survey would have taken a lot of time. And only after the route was laid did they refine it with geodesy. Pipes were laid where it was impossible to do so in an open way, and under roads, railways and rivers, punctures were made using horizontal drilling – a drilling rig drills a well into which a steel pipe casing is pulled, and then a fiberglass pipe is pulled into the casing.
The facility has built:
– 6 water pumping stations. Each pumping station is equipped with four powerful pumping units (from 315 kW to 800 kW). The volume of water that can be pumped by the pumps is up to 3300 m3 per hour,
– 46 “Plunger” chambers (for bleeding air in the network),
– 47 “Outlet” chambers (for draining water from the system),
16 switching chambers (for switching the water flow in the system between the pipeline lines),
– 3 meter chambers,
– 1 distribution chamber (for distributing water flow between networks – from 800mm to 500mm/700mm).
To ensure power supply to the water supply system, a total of 26 kilometers of main and backup power supply lines of 6kV and 35kV networks were constructed, and transformer substations with a voltage of 6/0.4 kV and 35/0.4 kW were equipped at each water supply system.
To ensure uninterrupted power supply, 2 diesel generators with a capacity of up to 1 MW were installed at each substation as an alternative (backup) power source.
Fiberglass pipes made of fiberglass-reinforced polyester were used in the construction of the water supply system. Such pipes can withstand pressures of up to 26 atmospheres, are lightweight and durable, and are more resistant to high temperatures and chemicals.
To protect the water supply system from shelling, almost the entire system of main pipelines and pumping stations was hidden underground.
Upon completion of the work, the roads used by the construction equipment were repaired, the territories were landscaped and planted.
In the absence of timely financing, the construction was carried out using the company’s credit and working capital. Despite the water pipeline’s one hundred percent completion in February, the state’s debt to Autostrada for this facility alone is UAH 1.5 billion.
