Business news from Ukraine

Business news from Ukraine

“Metinvest Machinery” Increased Its Net Loss 11.3-Fold Over Nine Months

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.

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Comfy Has Resumed Operations in Zaporizhzhia and Opened Its Only Store in City

Comfy (Comfy Trade LLC), a retailer of home appliances and electronics, opened a new store in Zaporizhzhia on Friday, according to the company’s press office.

With this store, located at 146 Soborny Avenue, the chain is resuming operations in Zaporizhzhia; it is currently the only operating Comfy store in the city. Previously, Comfy stores were also located in the “Amstor” shopping center and the City Mall, both of which have been repeatedly targeted by the enemy.

As of today, the nationwide COMFY chain comprises 109 retail locations. According to the company, revenue for 2025 totaled 55.8 billion UAH, which is 17% more than in 2024.

According to YouControl data, Comfy Holdings Limited (100%, Cyprus) is the owner of Comfy Trade LLC, and the ultimate beneficiaries are Stanislav Ronis and Svitlana Hutsul.

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“Metinvest-Resource” Reports 53.6% Drop in Net Profit Over 9 Months

Metinvest-Resource LLC (Zaporizhzhia) saw its net profit decline by 53.6% in January–September of this year compared to the same period last year, down to 20.762 million UAH.

According to the company’s interim report, available to the Interfax-Ukraine news agency, profit in the third quarter amounted to 5.923 million UAH.

Revenue from ordinary operations for this period decreased by 18.7%—to 3 billion 185.640 million UAH.
The accumulated loss as of the end of September stood at 18.680 million UAH.

As previously reported, in January–March 2026, Metinvest-Resource increased its net profit by 20.3% compared to the same period in 2025—to 7.044 million UAH from 5.857 million UAH. Revenue from ordinary operations for this period rose by 11.1%—from 1 billion 188.955 million UAH to 1 billion 338.114 million UAH.

In the first half of the year, Metinvest-Resource saw its profit decline by 35.7% compared to the same period last year—to 14.839 million UAH—and its revenue decrease by 7.8%, to 2 billion 347.631 million UAH.

In 2025, the LLC reported a net profit of 62.679 million UAH, while revenue from ordinary activities for this period increased by 42.4% compared to 2024—to 5 billion 673.455 million UAH from 3 billion 982.851 million UAH. Sales volume of finished products in 2025 and 2024 amounted to 108,165 thousand metric tons and 113,321 thousand metric tons, respectively.

The number of employees as of the end of 2025 was 35.

Metinvest-Resource LLC is the exclusive supplier of ferrous metal scrap to the Ukrainian metallurgical enterprises of the Metinvest Group. The company’s main activities include the wholesale trade in waste and scrap (primary activity) and the processing of scrap metal. As of the end of 2025, the company’s registered address is in Zaporizhzhia. The company’s capacity allows it to meet the needs of enterprises and amounts to approximately 0.693 million metric tons of raw materials per year.

The company’s founder is Metinvest Holding LLC (100% of the company’s authorized capital).

The LLC’s authorized capital is 6.437 million UAH.

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“Ukrgrafit” Increased Its Loss by 65.8% Over Nine Months

PJSC “Ukrainian Graphite” (“Ukrgrafit,” Zaporizhzhia) reported a 65.8% increase in its net loss for the January–September period of this year compared to the same period last year, reaching 306.771 million.

According to the company’s interim report, which is available to the Interfax-Ukraine news agency, the loss in the third quarter amounted to 126.309 million UAH.

Revenue for this period rose by 0.6% to 979.358 million UAH.

The company’s retained earnings as of the end of September totaled 3 billion 94.725 million UAH.

As previously reported, in the first half of 2026, “Ukrgrafit” saw its net loss increase by 53.7% compared to the same period in 2025—to 180.462 million; revenue for this period decreased by 5.1%—to 651.465 million UAH.

In 2025, the plant saw its net loss increase by 31.3% compared to 2024—to 265.776 million, while revenue 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-making, 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) as of August 2026, as of October 23, Intergraphite Holdings Company Limited (Malta) owns 23.9841% of the private joint-stock company, while 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 a share is 3.35 UAH.

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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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“Dniprospetsstal” Quadrupled Its Half-Year Loss

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.

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