Business news from Ukraine

Business news from Ukraine

TsGZK Increased Its Net Loss by 20.9% in First Quarter

21 May , 2026  

PJSC “Central Mining and Processing Plant” (TsGZK, Dnipropetrovsk Oblast), a member of the Metinvest Group, reported a 20.9% increase in its net loss for January–March of this year—to UAH 468.466 million from UAH 387.594 million in the same period last year.

According to the company’s interim report, which is available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period decreased by 3%—to UAH 4,406.260 million.

Retained earnings as of the end of March amounted to UAH 2,463.793 million.

According to the annual report, in 2025, the Central GOK increased its net loss by 5.3 times, to 3.428076 billion UAH from 648.004 million UAH in 2024. At the same time, revenue from ordinary activities for the past year grew by 1%—to UAH 15,988.004 million.

As reported, the plant ended 2024 with a net loss of UAH 648.004 million, while in 2023 it amounted to UAH 1,326.661 million. In 2022, the company reduced its net profit by more than four times, to UAH 2.117831 billion from UAH 8.919978 billion in 2021. In 2020, TsGZK increased its net profit by 8.7% compared to the previous year, reaching UAH 1.601 billion.

TsGZK is among the top five largest producers of mining raw materials in Ukraine and specializes in the extraction and production of iron ore raw materials (concentrate and pellets). The average headcount of full-time employees is 3,360.

Metinvest B.V. owns 100% of the shares in TsGZK.

The authorized capital of PrJSC “TsGZK” is UAH 296.635 million, with a par value of UAH 0.25 per share.

TsGZK 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.

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