Metinvest-Kryvyi Rih Repair and Mechanical Plant (KRMZ) reduced its net loss by 17% in January-September this year compared to the same period last year, to UAH 22.925 million.
According to the company’s interim report, available to Interfax-Ukraine, the loss in the third quarter amounted to UAH 6.806 million.
Revenue for this period fell 3.9 times, to UAH 101.959 million from UAH 397.352 million.
The uncovered loss at the end of September amounted to UAH 1 billion 114.641 million.
The plant ended 2024 with a loss of UAH 33.950 million, while in 2023 it reached UAH 273.849 million. In 2022, this figure was UAH 423.040 million, while in 2021, a net profit of UAH 394.714 million was received.
Metinvest-Kryvyi Rih Repair and Mechanical Plant LLC manufactures and repairs equipment for the mining and metallurgical enterprises of the Metinvest Group. It has a closed-cycle metallurgical complex at its disposal. The plant produces parts from more than 40 grades of steel and alloys, assembles and welds products from sheet and rolled steel.
The enterprise was established in 1963 under the name Kryvyi Rih Central Ore Repair Plant. In December 2016, KRMZ joined the Metinvest Group.
Metinvest Holding LLC owns 100% of Metinvest-KRMZ LLC.
The LLC’s authorized capital is UAH 46,000.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine, in the Donetsk, Luhansk, Zaporizhia, and Dnipropetrovsk regions, as well as in European countries.
The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
Kyiv Electric Locomotive Repair Plant (KEVRZ), part of Ukrzaliznytsia, reported a net profit of UAH 37.1 million in January-September 2025, compared with a loss of UAH 1.5 million in the same period of 2024.
According to the company’s interim financial report published in the NSSMC’s information disclosure system, its net income for the first nine months grew by 66.2% to UAH 1.138 billion.
The plant received UAH 86 million in gross profit compared to UAH 32 million a year earlier, receiving UAH 47.7 million in profit from operating activities compared to UAH 0.86 million.
According to the plant, in the first half of this year, it received almost UAH 19 million in net profit, compared to a loss of UAH 6.2 million in January-June 2024, with net income growing by 41.2% to UAH 692.3 million.
Thus, KEVRZ ended the third quarter of 2025 with a net profit of UAH 18.2 million, almost four times more than in July-September 2024, and net income increased 2.3 times to UAH 445.5 million.
The plant notes that during the reporting period, it sold 36 repaired electric locomotive sections for UAH 1 billion (19 sections in the first half of 2025), 157 wheel sets for UAH 70.2 million, and 309 electric machines for UAH 51.7 million.
KEVRZ was founded in 1868. It specializes in the overhaul of electric trains for Ukrainian railways, the repair of units and assemblies, electric machines, electric motors, and wheel sets, and the manufacture of spare parts.
The plant ended 2024 with a net profit of UAH 16.1 million, which is 31.3% less than in the previous year, with a slight decrease in revenue to UAH 1 billion 268 million. It sold 40 electric sections, 177 wheel sets, 623 traction motors, and auxiliary machines.
In January-June of this year, PJSC Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk region) reduced its net loss by 69.6% compared to the same period last year, from UAH 1 billion 505.962 million to UAH 458.274 million.
According to NZF’s interim report for the first half of 2025, net income for this period increased by 11.7% to UAH 3 billion 915.368 million from UAH 3 billion 505.483 million.
Retained earnings at the end of June 2025 reached UAH 3 billion 778.047 million.
As reported, in 2020, the company received a net profit of UAH 456 million 162.764 thousand. In 2021, the company received a net profit of UAH 5 billion 139 million 528,911 thousand. In 2022, NZF received a profit of UAH 910 million 452,147 thousand.
The plant ended 2023 with a net loss of UAH 2 billion 620 million 398,599 thousand.
As reported, the Pokrovsky Mining and Processing Plant (PGZK, formerly Ordzhonikidze Mining and Processing Plant) and the Marganetsky Mining and Processing Plant (MGZK, both in Dnipropetrovsk region), which are part of the Privat Group, stopped mining and processing raw manganese ore in late October-early November 2023, while NZF and ZZF stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimum level.
The business of ZZF, NZF, Stakhanov ZF (located at NKT), Pokrovsky and Marganetsky GZK was organized by Privatbank prior to nationalization.
NZF is Ukraine’s largest producer of silicon and ferromanganese. The average monthly output of ferroalloys during stable operation of the enterprise is about 55-60 thousand tons.
According to the NDU for the first quarter of 2025, Sofalon Investments Limitad owns 15.503% of the shares of the private joint-stock company, Rougella Properties Ltd. – 9.6904%, Dolemia Consulting Ltd. – 15.7056%, Sonerio Holdings Ltd. – 9.2158%, Manjalom Limited – 5.8824%, Treelon Investments Limited (all – Cyprus) – 15.1013%.
The authorized capital of PJSC NZF is UAH 418.915 million.
NZF is controlled by the EastOne group, created in the fall of 2007 as a result of the restructuring of the Interpipe group, as well as the Privat group (both based in Dnipro).
In January–September 2025, the state-owned enterprise “Forests of Ukraine” increased its revenue from product sales by 25.4% compared to the same period in 2024, to UAH 21.7 billion, according to the press service of the state-owned enterprise.
According to the report, half of the funds received by Forests of Ukraine were directed to budgets at all levels. The enterprise also increased its tax payments in the current year by almost 70% to UAH 10.7 billion.
“Thanks to the growth in sales revenue, significant savings on purchases, and optimization of expenses, profitability increased from 14.8% to 28.6% compared to last year,” Lisy Ukrainy specified.
In September, the state-owned enterprise harvested the largest volume of timber in the last five months. Harvesting volumes reached 1.07-1.1 million cubic meters per month.
The fulfillment of auction contracts for the supply of timber currently stands at over 90%, and taking into account buyer refusals, 97%. A significant proportion of refusals occur in the frontline, eastern, and northern regions, where the risks of harvesting or delivering products have increased. Forward six-month contracts are almost 100% fulfilled.
The balance of products in the company’s warehouses at the end of the quarter is the lowest since the beginning of the year – 550 thousand cubic meters.
Lesy Ukrainy drew attention to the seasonal increase in demand for firewood for the population, which corresponds to last year’s level. In September, the company harvested over 300,000 cubic meters of firewood. By the end of 2025, it plans to harvest over 900,000 cubic meters more to build up a strategic reserve for the winter period.
“Exchange prices for firewood have risen significantly since last year. For the population and the social sphere, the state-owned enterprise “Forests of Ukraine” maintains social prices at a stable level. The average cost of firewood in Ukraine, as in the previous year, is approximately 1-1.1 thousand hryvnia per cubic meter,” the state-owned enterprise summarized.
At the beginning of the 2025-2026 marketing year (July-June), the agricultural sector is actively reviewing salaries, with 79% of agricultural companies having already raised staff salaries and another 21% planning to do so by the end of 2025, according to the results of a study by Agrohub.
According to the study, the agronomic service is showing the highest income growth rates among key personnel categories: 81% of companies have raised agronomists’ salaries by 15-25%.
In engineering services, the majority (among 54% of companies) of salary increases were within 20%, among 18% of companies, incomes increased by more than 25%, and among another 18%, incomes remained unchanged.
A similar balance is observed among elevator personnel, where companies’ approaches range from moderate indexation to no change at all. In the land service, indexation of approximately 15% prevails (63% of companies), 27% increased income by 20-25%, and another 18% added more than 25% to salaries.
Among the survey participants who have already reviewed their employees’ income for 2025, 55% of companies have livestock farming in their business structure. The dynamics in this area vary: while in dairy and beef cattle farming, employees’ incomes have increased by 15-20% on average, there have been virtually no changes in pig farming.
In addition, among personnel on a combined form of payment (fixed + piecework), the largest increase in income was among machine operators (mainly by more than 25%), drivers — up to 20%, and colleagues from elevators — up to 15%. Furthermore, an analysis of piecework rates shows that they increased by 10–20% for machine operators and drivers, and by up to 15% for elevator personnel.
At the same time, most survey participants raised salaries starting in April 2025. Among the main reasons, companies cite the alignment of wages with market rates, competition for personnel, inflation expectations, and better-than-expected financial results for the season.
“We see that the labor market in the agricultural sector is proactive. Agronomists remain a key category for business, and companies are willing to invest in their motivation. The preference now is for increasing the salary component: it is more expensive for the employer, but more effective for retaining staff,” said Dmitry Lebedev, head of Agrohub Benchmarking, whose words are quoted in the report.
Agrohub conducted the HR360 Benchmarking study “Changes in the income levels of crop, livestock, and elevator personnel in 2025” in July 2025 among the 14 largest agricultural holdings in Ukraine with a total land bank of about 2 million hectares and a staff of more than 65,000 people.
The national chain of tile and sanitary ware stores Agromat LLC (Kyiv) reduced its net profit by 33.2% compared to the previous year, to UAH 77 million, according to the results of 2024.
According to the company’s annual report, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its net revenue last year grew by 8.3% to UAH 3.38 billion.
AgroMat’s retained earnings at the end of 2024 increased by 3.4% and reached UAH 992.9 million. The company’s current liabilities increased by 2.6% compared to 2023, to UAH 1.25 billion, while long-term liabilities decreased by 15.8%, to UAH 228.8 million. The value of assets at the end of 2024 grew by 0.8% and amounted to UAH 2.64 billion.
In September-November 2024, Agromat placed a three-year bond issue of series H and I for UAH 100 million each. During 2024, UAH 4.1 million in interest income was paid on series H bonds.
Agromat is engaged in the production and sale of ceramic tiles and sanitary ware and was registered in 1993. The issuer operates 25 retail outlets, including 10 in Kyiv, including a specialized shopping complex for the sale of ceramic tiles and sanitary ware with a total area of over 8,000 square meters.
According to Opendatabot, the co-owners of the company with shares of 28.65% each are CEO Serhiy Voitenko, Oksana Reva, and Anatoliy Tadai, with another 10.05% belonging to Olga Bashota and 4% to Nadiya Rushelyuk.
