PrJSC Dniprovsky Metallurgical Plant (DMZ, formerly Evraz-DMZ), part of businessman Oleksandr Yaroslavsky’s DCH Steel group, increased its net loss by 3.1 times compared to the same period last year, to UAH 467.490 million from UAH 152.309 million, according to the results for January-September of this year.
According to the interim report, net income for the reporting period decreased by 64.6%, to UAH 1 billion 518.613 million from UAH 4 billion 289.634 million.
The uncovered loss at the end of September 2025 amounted to UAH -199.622 million.
Production volumes in Q3 2025 amounted to 0.6 thousand tons of metal products, in Q2 – 0.5 thousand tons of metal products and 20.3 thousand tons of coke, and in Q1 – 2.3 thousand tons of metal products and 54.9 thousand tons of coke.
Taking into account the current situation in Ukraine, the industry, and the restrictions in place, as well as the fact that the 2026 budget has not yet been formed, the projected volume of work and services is planned for the following areas of activity: services for processing tolling raw materials into rolled products – 70 thousand tons.
In addition to its core production activities, in Q3 2025, DMZ continued to expand its scope of activities and perform work for contractors in the manufacture and repair of metal structures and laboratory research.
In Q3, the average number of full-time employees was 699, and the wage fund was UAH 57.722 million. At the same time, the wage fund for the quarter decreased by UAH 32.950 million compared to Q2 2025, which was due to the lack of raw materials and a market for products, the shutdown of coke production in May 2025, and the corresponding reduction in personnel.
According to the annual report, in 2024, production volumes amounted to 289.1 thousand tons of blast furnace coke, metal products were not manufactured, but 44.6 thousand tons of square billets were rolled into finished rolled products under a tolling scheme. At the same time, there was a 1.2% decrease in blast furnace coke and a 57.1% decrease in rolled products. In terms of the structure of metal products in 2024, the share of rolled products from rolling mill (RM) No. 1 was 11.3%, and RM No. 2 was 88.7%. The rolling mills of DMZ produced channels, long products, mine props, and rails.
The average number of full-time employees in 2024 decreased by 12.6% to 1,707 people, and the FOP amounted to UAH 415.236 million. The average salary was UAH 19,442 (+17.4% from the 2023 level).
DMZ reported a net loss of UAH 222.117 million in 2024, compared to a net profit of UAH 504.591 million in 2023. Net income decreased by 20.8% to UAH 5 billion 412.422 million from UAH 6 billion 832.241 million.
Retained earnings at the end of 2024 amounted to UAH 170.605 million.
As reported, in 2024, DMZ reduced its rental services by 59.4% compared to 2023, to 42.9 thousand tons, and coke production decreased by 1.2%, to 289.1 thousand tons.
DMZ reduced its rolling services by 23.1% in the first seven months of 2025 compared to the same period last year, to 26,000 tons. in January-August 2025, the plant rolled 33.9 thousand tons, which is at the level of January-July 2024 (33.8 thousand tons).
According to information in the corporate newspaper DCH Steel, during the production campaign in rolling shop No. 2, which will begin after November 10, 2025, it is planned to manufacture (roll) 6.3 thousand tons of metal products.
DMZ received a net profit of UAH 4.225 million in 2022, while in 2021 it was UAH 1 billion 725.157 million. In 2021, the plant received a net profit of UAH 1 billion 725.157 million, while it ended 2020 with a net loss of UAH 394.091 million.
DMZ specializes in the production of steel, cast iron, rolled products, and products made from them.
On March 1, 2018, the DCH Group signed an agreement to purchase the Dnipro Metallurgical Plant from Evraz.
According to NDU data for the second quarter of 2025, Drampisco Limited (Cyprus) owns 97.73% of DMZ shares.
The authorized capital of the private joint-stock company is UAH 574.994 million, and the nominal value of a share is UAH 0.25.
Novokramatorsk Machine-Building Plant (NKMZ, Kramatorsk, Donetsk region) ended January-September of this year with a loss of UAH 108.9 million, while for the same period last year, net profit amounted to UAH 73.7 million.
According to the financial report published on the plant’s website, net income increased by 51% to UAH 1 billion 174 million.
NKMZ received UAH 268 million in gross profit, up 6%, with UAH 92.6 million in operating losses (UAH 2.4 million for the same period last year).
Products worth UAH 919.6 million were exported, accounting for 78.3% of total revenue (82% a year earlier).
India was the largest importer of products, with deliveries increasing by 15.5% to UAH 423.8 million. Exports to Lithuania increased by 57.5% to UAH 137.8 million, to Poland by 3.6 times to UAH 12.4 million, and to
Kazakhstan amounted to UAH 17 million compared to UAH 1.1 million last year.
Products were also supplied to countries to which there were no deliveries in January-September 2024, in particular, to Bulgaria – worth UAH 84.3 million, and China – worth UAH 48 million.
Deliveries to Ukrainian customers increased by 86.4% to UAH 254.7 million.
As reported, the plant ended the first half of this year with a loss of UAH 61.2 million, which is seven times more than in the same period last year, with net income more than doubling to UAH 795.5 million.
Thus, in the third quarter of this year, NKMZ incurred a loss of UAH 47.7 million, while in the same period of 2024, net profit amounted to UAH 82.2 million. Net income decreased by 5% to UAH 378.7 million.
“The company’s activities in the fourth quarter of 2025 and in 2026 will most likely be limited,” the report states.
NKMZ reminds that the company is located in the frontline territory, and the most important factor remains its activities “in the context of the Russian Federation’s military aggression against Ukraine.” This has led to a significant reduction in production volumes and has resulted in the irregular nature of production and economic activities. In particular, in October-December of this year, it is expected to manufacture and sell commercial products worth UAH 327 million, 5,000 tons of liquid steel (4,800 tons were produced in the third quarter), 300 tons of steel castings (284 tons), 3,600 tons of forgings (3,570 tons), and 5,700 model sets and packages (5,370) are expected to be produced and sold.
“The draft production plans for 2026 include 12,000 tons of machinery and equipment for the metallurgical, mining, and construction industries, lifting and loading and unloading equipment, and spare parts,” the report says.
According to the report, the value of contracts concluded but not yet fulfilled as of September 30, 2025, amounted to UAH 672.95 million. The expected profits from their fulfillment are UAH 171.87 million.
NKMZ is a city-forming enterprise in Kramatorsk, the largest in Ukraine in the production of rolling, metallurgical, forging and pressing, hydraulic, mining, lifting and transport, hydraulic and railway equipment.
As reported, NKMZ’s capacities were forced to be mothballed with the start of the full-scale military invasion of Ukraine by the Russian Federation, and on October 1, 2023, it began to partially resume operations.
The plant ended last year with a net profit of UAH 36.3 million, while in 2023, the loss amounted to UAH 856.93 million, and net income increased 3.2 times to UAH 1.15 billion, in particular, products worth UAH 941.3 million (82%) were exported.
For the current year, the plant has preliminarily planned to increase sales by 81.5% compared to 2024, to UAH 2.08 billion.
The number of employees at the beginning of 2025 was 5,660.
The net loss of PJSC Pharmaceutical Company Darnitsa (Kyiv) in January-June 2025 amounted to UAH 479.473 million, while in the same period of 2024, the company received UAH 6.528 million in net profit.
According to the company’s disclosure to the National Securities and Stock Market Commission, the net loss from sales in the first half of 2025 amounted to UAH 380.233 million, while in the same period of 2024, the profit from sales amounted to UAH 119.452 million.
As reported, Darnitsa’s net loss in January-March 2025 amounted to UAH 231.077 million, while in the same period of 2024, the company received UAH 19.484 million in net profit. Net sales revenue for the first quarter of 2025 decreased by 17.4% to almost UAH 1.018 billion.
In 2024, Darnitsa registered 10 drugs outside Ukraine and entered six new markets, including EU countries, Bosnia and Herzegovina, Israel, New Zealand, and Malaysia. In total, Darnitsa’s drugs are represented in more than 20 countries around the world.
At the end of 2024, exports accounted for 3.5% of the company’s sales. At the end of 2023, exports accounted for 4%. Exports were made to 17 countries.
Darnitsa has been present on the market for over 90 years, is one of the top 10 pharmaceutical manufacturers in Ukraine, and produces 180 brands of medicines in 15 different forms. The strategic areas of portfolio development are cardiology, neurology, and pain management.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of the company is Gleb Zagoriy.
In January-September of this year, PJSC Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk region) increased its net loss by 86.1% compared to the same period last year, from UAH 1 billion 81.463 million to UAH 2 billion 12.843 million.
According to the NPF’s interim report, net income for this period decreased by 21.4% to UAH 5 billion 111.026 million from UAH 6 billion 500.004 million.
Undistributed profit at the end of September 2025 amounted to UAH 2 billion 281.398 million.
As reported, in 2024, NZF increased its net loss by 15.9% compared to 2023, to UAH 3 billion 35.966 million from UAH 2 billion 620.399 million. Net income for the past year decreased by 17.7% to UAH 7 billion 813.056 million from UAH 9 billion 493.059 million.
In addition, it was reported that 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 at the end of October-beginning of November 2023, while NZF and ZZF stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimum level.
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 NDU data for the first quarter of 2025, Sofalon Investments Limitad owns 15.503% of the shares of PrJSC, 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).
TAS Dniprovagonmash LLC (DVM, Kamianske, Dnipropetrovsk region), controlled by the TAS financial and industrial group of businessman Serhiy Tihipko, ended January-September 2025 with a loss of UAH 23.7 million, while for the same period in 2024, net profit amounted to UAH 53.9 million.
According to the company’s published interim financial statements, the company’s net income increased by 16.3% to UAH 1 billion 486.5 million.
The company reduced its gross profit by 32.6% to UAH 92.3 million, incurring a loss of UAH 13.7 million from operating activities, compared to a profit of UAH 67.6 million in January-September 2024.
As reported, in the first half of this year, the company incurred a loss of UAH 39.6 million (a year earlier, it had a net profit of UAH 18.8 million) due to a 29.5% decrease in revenue to UAH 561.2 million.
Thus, TAS Dniprovagonmash ended the third quarter of this year with a net profit of almost UAH 16 million, which is 54.4% less than in the same period last year, while net revenue increased by 92.2% to UAH 925.2 million.
The plant notes that in the third quarter, exports accounted for 38.4% of sales, with rolling stock supplied to Lithuania and Croatia.
According to the report, in the third quarter of this year, the plant produced 159 freight cars (compared to 139 in the same period of 2024), with an average selling price of UAH 2,530,900 (compared to UAH 2,782,800 in the second quarter).
The company does not provide the total number of cars produced in nine months, but based on quarterly data, 542 cars were produced, which is 19% more than in the same period last year (456 cars).
TAS Dniprovagonmash’s share in the total production of freight cars in Ukraine in July-September was 90% (in the first quarter – 25.8%, in the second – 46%), and its main competitors remain the Kryukiv Railway Car Building Works (which did not produce freight cars in the third quarter), the Karpaty Research and Mechanical Plant, and Ukrzaliznytsia enterprises.
The plant’s production capacity was utilized at 25% in the second quarter, and its equipment at 29%.
As of the beginning of October this year, the company employed 708 people.
As reported, TAS Dniprovagonmash, which has the capacity to produce 9,000 railcars per year, increased its sales of freight railcars by 63.7% in 2024 compared to 2023, to 606 units, and production by 59.2%, to 602 units.
Last year, the plant increased its net profit by 31.6% to UAH 62.3 million and its net income by 61.8% to UAH 1 billion 743.7 million.
The TAS Group is one of the largest financial and industrial groups in Ukraine, operating in the banking sector, insurance, railcar manufacturing, metallurgy, logistics, agriculture, food industry, packaging materials production, and real estate.
PrJSC Pokrovsky Mining and Processing Plant (PGZK, formerly Ordzhonikidze Mining and Processing Plant, Dnipropetrovsk region) reduced its net loss by 60% in January-September of this year compared to the same period last year — to UAH 218.489 million from UAH 545.746 million.
According to PGZK’s interim report for the first nine months of 2025, net income for this period increased by 6.1% to UAH 629.485 million. The uncovered loss at the end of September 2025 amounted to UAH 203.480 million.
As reported, in January-June of this year, PGZK reduced its net loss by 65.2% compared to the same period last year, to UAH 149.069 million from UAH 428.350 million, while net income for this period increased by 41.3% to UAH 479.767 million from UAH 339.617 million.
Based on its performance in 2023, PGZK increased its net loss 13 times compared to 2022, to UAH 624 million 48,108 thousand from UAH 47 million 932,515 thousand.
PGZK and Marganetsky GZK (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. In 2024, the plant was unable to resume operations due to a decline in demand for ferroalloys and a shortage of electricity.
In the first half of 2025, PGZK mined and enriched 22.87 thousand tons of manganese ore.
Four Cypriot companies — Profetis Enterprises Limited, Exseed Investmens Limited, Clemente Enterprises Limited, and Alexton Holdings Limited (all based in Cyprus) — each own 24.3024% of the private joint-stock company’s shares.
The authorized capital of the private joint-stock company is UAH 736.134 million, and the nominal value of a share is UAH 0.25.
