PJSC Central Mining and Processing Plant (CGZ, Dnipropetrovsk region), part of the Metinvest Group, increased its net loss by 3.5 times to UAH 1 billion 704.103 million in January-September this year, compared to UAH 520.593 million in the same period last year.
According to the company’s interim report, which is available to Interfax-Ukraine, the loss in the third quarter amounted to UAH 559.581 million.
In the first nine months of this year, the company increased its revenue by 10.9% to UAH 12.470708 billion.
Retained earnings at the end of September 2025 amounted to UAH 4.164960 billion.
In the first nine months of 2025, commercial production amounted to 2.062 million tons of concentrate (up 545,100 tons, or 35%, compared to 2024) and 1.692 million tons of pellets (up 28,600 tons, or 2%, compared to 2024). During the reporting period, 99.34% of products were supplied to the domestic market.
As part of the implementation of the plant’s capital investment program in Q1-Q3 2025, measures were taken to maintain production capacity, upgrade infrastructure, improve the efficiency of technological processes, and ensure the stable operation of the main production units. In accordance with the plant’s development program and within the established limits, railway tracks were re-laid and a railway track was built at the Grekukata station. Unloading station – Grekukata station; construction and installation work continued in the chamber of the section substation and tunnels as part of the project to provide power to the 607 m horizon of the Kolachevsky mine, and the construction of ort-entrances and the installation of vibrating rock loading units is also continuing.
In addition, work is underway to expand the tailings dam to a height of 129 m; measures are continuing to remove topsoil from the Artemivsk quarry; work is being carried out to modernize the cable communication infrastructure of the plant and the local computer network (Gleyuvatka fiber-optic communication line); major repairs of the washing facilities of the crushing plant, the Kolachevsky mine, and the Petrivsky quarry are continuing; During the plant’s daily shutdown, d1200 mm gates were replaced.
The plant ended 2024 with a net loss of UAH 648.004 million, compared to UAH 1 billion 326.661 million in 2023. In 2022, the company reduced its net profit more than fourfold, to UAH 2 billion 117.831 million from UAH 8 billion 919.978 million in 2021. In 2020, TsGZK increased its net profit by 8.7% compared to the previous year, to UAH 1.601 billion.
CGZK is one of the five largest producers of mining raw materials in Ukraine, specializing in the extraction and production of iron ore raw materials (concentrate and pellets). The average number of full-time employees is 3,360.
Metinvest B.V. owns 100% of the shares in ChGOK.
The authorized capital of PrJSC ChGOK is UAH 296.635 million, with a share par value of UAH 0.25.
CGZ 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 managing company of the Metinvest Group is Metinvest Holding LLC.
Ingulets Mining and Processing Plant (Ingulets, Kryvyi Rih, Dnipropetrovsk region), part of the Metinvest Group, increased its net loss by 14.8 times to UAH 1 billion 489.657 million in January-September this year, compared to UAH 100.479 million in the same period last year.
According to the company’s interim report, which is available to the Interfax-Ukraine agency, the loss in the third quarter amounted to UAH 631.343 million.
In the first nine months of this year, the company’s revenue fell sharply due to downtime, to UAH 25.453 million from UAH 7 billion 793.635 million.
Undistributed profit at the end of September 2025 amounted to UAH 12 billion 200.491 million.
The main factors influencing this were restrictions on demand, including due to the loss of metallurgical plants in eastern Ukraine, logistical complications, a decline in sales prices, and the suspension of the concentrate production cycle in the second half of 2024 due to the lack of organizational and technical conditions for the company’s economic activities in wartime.
There was no commercial concentrate production in the first nine months of 2025. In the second quarter of 2025, the technological process was partially resumed as part of ore mining for shipment to the Central Mining and Processing Plant. In the third quarter of 2025, the work was extended.
Ore production for the first nine months of 2025 amounted to 86,745 thousand tons.
Ingulets GOK ended 2024 with a net loss of UAH 1 billion 317.997 million, compared to UAH 167.236 million in 2023. The plant ended 2022 with a net loss of UAH 851.259 million, while in 2021 it received UAH 20 billion 446.101 million in net profit. In 2020, Ingulets GOK reduced its net profit by 75.3% compared to the previous year, to UAH 1.5 billion.
The company specializes in the extraction and processing of iron-bearing quartzites from the Ingulets deposit, located in the southern part of the Kryvyi Rih iron ore basin. It produces iron ore concentrate. The company’s production capacity is 14 million tons of iron ore concentrate per year.
Metіnvest B.V. (Netherlands) owns 100% of the shares of PJSC “Ingulets GOK”.
The authorized capital of PJSC “Ingulets GOK” is UAH 689.906 million, with a share par value of UAH 0.25.
Ingulets GOK 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 managing company of the Metinvest Group is Metinvest Holding LLC.
According to the results for January-September of this year, PJSC Yuzhkox (Kamensk, Dnipropetrovsk region) increased its net loss by 4.6 times compared to the same period last year, from UAH 98.684 million to UAH 457.760 million.
According to the company’s interim report, which is available to Interfax-Ukraine, revenue for this period decreased by 12.6% to UAH 6 billion 634.975 million.
In the third quarter of 2025, the loss amounted to UAH 97.327 million, and revenue amounted to UAH 2 billion 94.168 million.
The company’s uncovered loss at the end of September 2025 amounted to UAH 9.127 million.
As reported, Yuzhkoks increased its net loss by 4.7 times compared to the previous year, to UAH 272.925 million from UAH 58 million 25.2 thousand, based on the results of 2024.
YuzhKoks ended 2022 with a net loss of UAH 1 billion 206.942 million, compared to a net profit of UAH 1 billion 292.672 million in 2021.
According to the NDU data for the third quarter of 2025, Dashuria Ltd. (Cyprus) owns 94.9565% of the company’s shares.
The authorized capital of PJSC Yuzhkoks is UAH 171.918 million, and the nominal value of a share is UAH 0.25.
According to the results for January-September of this year, PJSC Ukrainian Graphite (Ukrgraphite, Zaporizhia) increased its net losses by 56.7% compared to the same period last year, to UAH 185.076 million.
According to the company’s interim report, net income for this period decreased by 9.8% to UAH 973.915 million.
The company’s undistributed profit at the end of September amounted to UAH 3 billion 480.625 million.
As reported, Ukrgrafit ended 2024 with a net loss of UAH 202.447 million, while in 2023 it increased its net profit by 2.34 times compared to 2022, to UAH 122.920 million.
Ukrgrafit is a leading Ukrainian manufacturer of graphite electrodes for electric steel melting, ore-thermal, and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, and carbon-based refractory materials for metallurgical, machine-building, chemical, and other industrial complexes.
According to the National Depository of Ukraine (NDU) for the first quarter of 2025, 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 UAH 233.959 million, and the nominal value of a share is UAH 3.35.
The Kryvyi Rih Mining and Metallurgical Plant PJSC ArcelorMittal Kryvyi Rih (AMKR, Dnipropetrovsk region) reduced its net loss by 6.8% in January-September of this year compared to the same period last year, from UAH 6.186 billion to UAH 5.768 billion.
According to AMKR’s interim report, net income for the first nine months of 2025 increased by 4.5% to UAH 52 billion 278.473 million from UAH 50 billion 16.499 million.
The uncovered loss at the end of September reached UAH 29 billion 711.796 million.
According to the AMKR’s annual report, in 2024, the plant reduced its consolidated net loss by 25.5% compared to 2023, to UAH 8 billion 841.812 million from UAH 11 billion 875.984 million. At the same time, net income decreased by 54.3% to UAH 64.599 billion from UAH 41.873 billion. Retained earnings at the end of the year amounted to UAH 24.039 billion.
As reported, AMKR ended 2022 with a net loss of UAH 49.9104 billion, while in 2021 it received a net profit of UAH 25.282951 billion.
ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular, rebar and wire rod.
ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Beryslav.
The Sukha Balka mine (Kryvyi Rih, Dnipropetrovsk region), part of Alexander Yaroslavsky’s DCH group, increased its net loss by 39.2% in January-September of this year compared to the same period last year, from UAH 218.898 million to UAH 304.774 million.
According to the interim report, net income for the reporting period increased by 1.5%, to UAH 1 billion 870.388 million from UAH 1 billion 843.096 million.
Undistributed profit at the end of September 2025 amounted to UAH 1 billion 791.218 million.
Production volumes in Q3 2025 amounted to 208.2 thousand tons of commercial ore, in Q2 2025 – 228.3 thousand tons, and in Q1 2025 – 203.2 thousand tons. At the same time, production volumes in Q3 2024 amounted to 217.3 thousand tons of marketable ore, in Q2 2024 – 268.2 thousand tons, and in Q1 2024 – 179.2 thousand tons.
In total, for the first nine months of 2025, commercial iron ore production amounted to 639.7 thousand tons, which is 3.8% less than for the first nine months of 2024 (664.7 thousand tons).
According to the annual report, the mine ended 2024 with a net loss of UAH 333.856 million and net income of UAH 2 billion 320.449 million, while at the end of 2023, it received a net profit of UAH 114.837 million with an income of UAH 2 billion 923.317 million.
In July 2024, the company decided to pay dividends to its shareholders for 2007, 2008, 2012, 2020, and 2022 at a rate of UAH 1.2 per ordinary share, including: UAH 0.089 for 2007; UAH 0.157 for 2008; UAH 0.093 for 2012; UAH 0.287 for 2020; UAH 0.574 for 2022. Also, in 2024, the amount of accrued dividends amounted to UAH 1 billion 4.865 million (UAH 1.2 per share), and the amount of dividends paid/transferred amounted to UAH 541 million 569.772 thousand.
In 2024, commercial iron ore production volumes decreased by 3% compared to 2023, to 917 thousand tons due to a shortage of personnel in connection with the mobilization of miners into the ranks of the Armed Forces of Ukraine, as well as due to the unscheduled shutdown of the Yuvileina mine for the repair of the skip hoisting installation in August 2024. At the same time, the Yubileinaya mine produced 766,600 tons (a 15% decrease compared to 2023) and the Frunze mine produced 150,500 tons (a 2.6-fold increase).
Over the past year, about 12 new blocks with a total capacity of about 1,198,100 tons of raw materials were developed.
The average number of employees at Sukha Balka PJSC in 2024 was 1,330, and the average monthly salary in 2024 was $522, which is 7.7% higher than in 2023 (in hryvnia equivalent, the salary level in 2024 increased by 18.2% compared to 2023, with a lower percentage increase in USD due to a 9.8% increase in the exchange rate from an average of 36.58 UAH/USD in 2023 to 40.16 UAH/USD in 2024). The main reason for the growth in the level of wages in 2024 was the indexation of tariffs and salaries of employees from March 1, 2024.
During 2024, self-propelled equipment was introduced for various works and ore mining at the Yuvileina mine. The use of self-propelled equipment in tunneling work also continues, and the fleet of equipment is growing. The use of self-propelled equipment in tunneling, cutting, and mining work has significantly increased the pace of work and improved productivity.
At the Frunze mine, all investment projects were suspended in 2024 due to the military aggression of the Russian Federation and emergency power cuts to consumers, but a large-scale investment project is planned, which will allow the mine to continue operating until 2037 and extract additional volumes of ore. The essence of the project is to use inclined workings to deepen the mine from the existing horizon of 1,135 m to 1,500 m and to apply modern technologies for unmanned loading and delivery of rock mass.
In 2025, it is planned to continue the implementation of projects started in 2021-2022, including the use of self-propelled equipment at both mines of the enterprise. In 2025, it is planned to continue research on the development of technology for the production of products with a minimum content of 65%-70% Fe. Specifically, this involves conducting research on the enrichment of iron ores and magnetite quartzites using dry and wet enrichment technologies.
As reported, PJSC “Sukha Balka” reduced its net profit by 2.7 times compared to 2021, to UAH 487.878 million from UAH 1 billion 326.460 million, according to the results of 2022.
The Sukha Balka mine is one of the leading enterprises in the mining industry in Ukraine. It extracts iron ore using underground methods. It consists of two mines with underground crushing complexes and surface crushing and sorting complexes: the Yuvileina mine (capacity of 2.4 million tons per year) and the Frunze mine (capacity of 1.170 million tons per year). Frunze Mine (capacity 1.170 million tons per year)
The DCH Group acquired the mine from the Evraz Group in May 2017.
According to the NDU for the second quarter of 2024, Yaroslavsky, who is designated as a non-resident of Ukraine (a citizen of Great Britain – IF-U), directly owns 77.41% of the mine’s shares, and Artem Alexandrov, a resident individual, owns 15.2% (at the end of 2024, he owned 19.9999% of the shares).
The authorized capital of Sukha Balka PJSC is UAH 41.869 million, with a share par value of UAH 0.05.
