Business news from Ukraine

Business news from Ukraine

Zaporizhogneupor reduced its profit by 43.3%

PJSC Zaporizhogneupor, Ukraine’s largest refractory manufacturer and a member of the Metinvest Group, reduced its net profit by 43.3% in January-September this year compared to the same period last year, from UAH 117.163 million to UAH 66.489 million.

According to the company’s interim report, the company increased its revenue by 20.5% over nine months, to UAH 3 billion 306.077 million.

Retained earnings at the end of September 2025 amounted to UAH 70.317 million.

Zaporizhogneupor is Ukraine’s largest manufacturer of high-quality refractory products and materials.

According to NDU data for the second quarter of 2025, Metinvest B.V. (Netherlands) owned 50.78% of Zaporizhogneupor’s shares, while Zaporizhstal owned 49.21%.

The authorized capital of the private joint-stock company is UAH 75.925 million.

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Krivbasvibuhprom increased its profit by 87.5%

In January-September of this year, PJSC Industrial and Manufacturing Enterprise Kryvbasvibuhprom increased its net profit by 87.5% compared to the same period last year, from UAH 100.328 million to UAH 188.105 million.

According to the company’s interim report, revenue for this period increased by 24.9% to UAH 1 billion 345.556 million.

Undistributed profit at the end of September 2025 amounted to UAH 747.398 million.

In 2024, the company received a net profit of UAH 153.893 million compared to UAH 95.121 million in 2023.

Kryvbasvibuhprom provides blasting services in the quarries of mining companies in Ukraine. It is a large manufacturer of emulsion and non-water-resistant explosives. The company’s technological chain includes storage, processing, transportation, and blasting operations.

According to the NDU for the second quarter of 2025, Quarex Ltd (Cyprus) owns 93.16% of the company’s shares, and UMG Investments of the SCM Group owns 6.56%.

The authorized capital of Kryvbasvibuhprom is UAH 97.022 million, with a share par value of UAH 1.

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ArcelorMittal Beryslav earned UAH 14.6 mln in profit after posting loss year earlier

ArcelorMittal Beryslav (Beryslav, Kherson region), one of ArcelorMittal’s Ukrainian subsidiaries, earned UAH 14.554 million in net profit, while 2023 ended with a net loss of UAH 17.851 million.

According to the annual report, last year the company increased its net income by 86% compared to the previous year, to UAH 111.167 million.

Undistributed losses at the end of 2024 amounted to UAH 107.337 million.

According to the report, last year ArcelorMittal Beryslav produced 376,793 thousand tons of limestone and sold 353,287 thousand tons. Balance sheet reserves of minerals at the end of the year amounted to 3,975.2 thousand tons.

The average number of full-time employees is 52, and the wage fund in 2024 is UAH 11.333 million.

As reported, with the start of the full-scale invasion, the town of Arkhangelskoye was occupied for almost seven months. On October 3, 2022, the Vysokopilsk community, which included the town of Arkhangelsk, was liberated by the Armed Forces of Ukraine. During the occupation of the Kherson region, due to constant shelling, mining, and hostilities, the production facilities of ArcelorMittal Beryslav were destroyed.

ArcelorMittal Beryslav is located in the town of Arkhangelsk (Kherson region), 60 km from Kryvyi Rih, and extracts limestone for metallurgical production and the construction industry.

Based on its performance in the pre-war year of 2021, ArcelorMittal Beryslav reduced its net profit by 2.3 times compared to 2020, to UAH 12.685 million.

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.

ArcelorMittal Beryslav (formerly Beryslav Building Materials Plant, established in 1994 by transforming the state-owned enterprise of the same name).

ArcelorMittal acquired the Beryslav Building Materials Plant in July 2010.

According to the NDU for the second quarter of 2025, ArcelorMittal Global Holding (Luxembourg) owned 74.45% of the shares of ArcelorMittal Beryslav, and ArcelorMittal Netherlands B.V. (Netherlands) owned 24.81%.

The authorized capital of ArcelorMittal Beryslav JSC is UAH 1.063 million, with a share par value of UAH 0.25.

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Pharmaceutical manufacturer Monfarm increased its net profit by 9.6 times

In January-September 2025, pharmaceutical manufacturer Monfarm (Cherkasy region) increased its net profit by 9.6 times compared to the same period in 2024, to UAH 25.176 million.

According to the company’s disclosure to the National Securities and Stock Market Commission, its net sales revenue for this period increased by 34.7% to UAH 233.655 million.

Monfarm PJSC was established in 1994 through the corporatization and privatization of the Monastyryshchensky Pharmaceutical Plant, a state-owned enterprise organized in 1986 on the basis of an alcohol plant as part of the Kyiv pharmaceutical association Darnitsa.

Monfarm specializes in the production of suppositories and tableted medicines, with more than 70 names of medicines from various pharmaceutical groups.

The quality of the products is confirmed by GMP certificates.

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Tovkach Mining and Processing Plant reported profit of UAH 1.26 mln despite decline in revenue

In 2024, PJSC Tovkach Mining and Processing Plant (TGZK, Pershotravneve, Zhytomyr region) received a net profit of UAH 1.260 million, compared to a loss of UAH 794,000 in 2023.

According to the annual report, TGZK’s net income in 2024 decreased by 50.7% compared to the previous year, to UAH 91.104 million.

Undistributed profit at the end of 2024 amounted to UAH 456.710 million.

As reported, TGZK received a profit of UAH 78 million 175,767 thousand in 2020, UAH 44 million 223,637 thousand in 2021, and UAH 14 million 659,029 thousand in 2022. The company ended 2023 with a net loss of UAH 794,133 thousand.

TGZK is a company engaged in the extraction, processing, and enrichment of quartzite. It is the main supplier of raw materials for the production of ferroalloys, refractories, and dinas in Ukraine.

TGZK is developing the Tovkachivska section of the Ovruch quartzite deposit in the town of Pershotravneve using open-pit mining methods.

According to the NDU data for the first quarter of 2025, Navaro Development Limited owns 5.1898% of the shares of the private joint-stock company, Lucrino Investments Limited owns 9%, Mantara Holdings Limited owns 72.0629%, and Duxton Holdings Limited (all based in Cyprus) owns 12.1891%.

The company’s authorized capital is UAH 1.6 million, and the nominal value of a share is UAH 2.25.

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Dniprometiz-TAS reduced its profit by 3% while increasing its revenue to UAH 2.6 bln

Dniprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Serhiy Tihipko, reduced its net profit by 2.9% compared to the same period last year, to UAH 11.727 million, according to the results for January-September of this year.

According to the company’s interim report, net income for the period increased by 7.5% to UAH 2 billion 607.402 million.
At the same time, the company’s undistributed profit at the end of September amounted to UAH 274.763 million.

As reported, in 2024, Dniprometiz-TAS increased its net profit by 47.7% compared to 2023, to UAH 14.197 million from UAH 9.610 million, while net income increased by 22.7%, to UAH 3 billion 285.688 million. At the same time, the company’s undistributed profit at the end of 2024 amounted to UAH 263.048 million.

According to the results of 2023, Dniprometiz reduced its net profit by 2.6 times compared to 2022, to UAH 9.658 million from UAH 24.733 million. Over the past year, net income increased by 8.2% to UAH 2 billion 677.836 million.

Dniprometiz reduced its net profit sixfold in 2022 compared to the previous year, to UAH 25.572 million, while net income increased by 1.1% to UAH 2 billion 474.397 million.
Dniprometiz-TAS manufactures metal products from low-carbon steels. The company’s capacity is 120,000 tons of products per year.

T.A.S. Overseas Investments Limited (Cyprus) owns a 98.6578% stake in Dniprometiz LLC.
The authorized capital of Dniprometiz-TAS LLC is UAH 83.480 million.

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