Metinvest Shipping, the logistics division of Metinvest Group, earned a net profit of UAH 114.146 million in January-September this year, compared with a net loss of UAH 16.227 million in the same period last year.
According to the company’s interim report, which is available to Interfax-Ukraine, its profit in the third quarter of 2025 amounted to UAH 81.299 million. Revenue for this period decreased by 13% to UAH 1 billion 752.366 million. Undistributed profit at the end of September amounted to UAH 1 billion 367.237 million.
The company ended 2024 with a loss of UAH 67.393 million, compared to UAH 729.472 million in 2023.
Metinvest Shipping LLC has been part of the Metinvest Group since 2006. The company has branches in Mariupol (operations temporarily suspended) and Odesa. The company’s activities cover the entire range of freight transport services: organization of road and rail transport, customs clearance, forwarding, ship agency, and chartering of the maritime fleet.
Since 2019, the company has been inspecting metal products of Metinvest Group enterprises. Between 2010 and 2024, Metinvest Shipping handled over 364 million tons of cargo, provided agency services for over 9,000 vessels, and transported approximately 896 million tons of cargo by rail. The company owns more than 2,300 units of rolling stock, including 11 diesel locomotives.
As of December 31, 2024, the average number of employees in the company was 220.
Metinvest Holding LLC owns a 100% stake in Metinvest Shipping LLC ”
The LLC’s authorized capital is UAH 25.012 million.
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 company are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
Metinvest Group’s network of service metal centers in Ukraine, Metinvest-SMZ LLC, increased its net profit by 43.1% in January-September this year compared to the same period last year, to UAH 613.539 million.
According to the company’s interim report, which is available to the Interfax-Ukraine agency, its profit in the third quarter of 2025 amounted to UAH 244.074 million.
Revenue for this period increased by 13% to UAH 31 billion 735.554 million.
Retained earnings at the end of September amounted to UAH 3 billion 975.420 million.
In 2024, the LLC received a net profit of UAH 480.537 million, while in 2023 it amounted to UAH 881.551 million.
In 2025, the LLC plans to invest UAH 6.86 million (excluding VAT) in modernization.
As of December 31, 2024, the company had 546 employees.
Metinvest-SMZ LLC is the largest network of service metal centers in Ukraine, operating on the market since 2003. The LLC’s metal centers are located in key industrial cities of the country, such as Kyiv, Kharkiv, Dnipro,
Zaporizhzhia, Lviv, Odesa, and many others.
The LLC’s authorized capital is UAH 17.205 million.
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 company are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
The Kametstal plant, part of the Metinvest mining and metallurgical group, established on the premises of the Dniprovsky Metallurgical Combine (DMK, Kamianske, Dnipropetrovsk region), earned a net profit of UAH 1 billion 345.153 million in January-September this year, while the same period in 2024 ended with a net loss of UAH 625.830 million.
According to the company’s interim report, available to the Interfax-Ukraine agency, profit in the third quarter amounted to UAH 711.232 million.
Net income for this period increased by 9% to UAH 42 billion 454.272 million.
The uncovered loss at the end of September amounted to UAH 493.835 million.
The plant ended 2024 with a loss of UAH 237.705 million, while in 2023 it amounted to UAH 912.333 million. The plant ended 2022 with a net loss of UAH 883.119 million, while in 2021 it received a net profit of UAH 120.277 million.
KAMETSTAL was established on the basis of PJSC Dniprovsky Coke Chemical Plant (DKHP) and CMK PJSC Dniprovsky Metallurgical Plant (DMK). The average number of full-time employees in the third quarter of 2025 was 7,226.
According to the NDU for the third quarter of 2025, Metinvest B.V. (Netherlands) owns 100% of the company’s shares.
The authorized capital of PJSC Kametstal is UAH 170.584 million.
Pivni Mining and Processing Plant (Pivni Mining and Processing Plant, Kryvyi Rih, Dnipropetrovsk region), part of the Metinvest Group, reduced its net profit by 45.9% to UAH 608.853 million in January-September this year, compared to UAH 1 billion 125.047 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 286.948 million.
In the first nine months of this year, the company increased its revenue by 21.8% to UAH 24 billion 700.220 million.
Retained earnings at the end of September 2025 amounted to UAH 14 billion 29.453 million.
In the first nine months of 2025, production volumes amounted to 4.410 million tons of commercial concentrate and 3.298 million tons of pellets. 99.4% of commercial products for the reporting period were sold on 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 particular, in accordance with the plant’s development program and within the limits of the approved limits, construction and installation work was carried out on capital construction projects: reconstruction of the existing tailings pond with the extension of enclosing structures to the limit mark +165 (stage III) and mark +169, as well as the re-laying of mobile tracks and the installation of a side contact network.
In addition, the development of working documentation for the reconstruction of the tailings pond (from elevation +165 to +169) was continued; the construction of a connecting track was completed and a side contact network for the connecting track was installed within the expansion of the Pervomaisky and Hannivsky quarries (FEL4); the stages of OTR were prepared and a geological and economic reassessment of the reserves of ferruginous quartzites of the Pershotravneve and Hannivske quarries was carried out; The replacement of the SB-1 conveyor was completed; work is continuing on the overhaul of the bath complex of the Central Heating Plant-2 and the PK (GTZ-1); the replacement of U-220 ORU-150 kV oil circuit breakers at the GPP-3,4 substations with gas-insulated analogues was completed.
In 2024, PivGZK increased its net profit to UAH 1 billion 338.185 million from UAH 866.090 million in 2023. The company ended 2022 with a net loss of UAH 2 billion 972.333 million, while in 2021 it received a net profit of UAH 25 billion 293.042 million.
The plant specializes in the extraction, processing, and production of iron ore raw materials. The average number of full-time employees is 4,512.
Metіnvest B.V. owns 100% of the shares of Northern GOK.
Northern GOK is part of the Metinvest Group, whose main shareholders are System Capital Management (SCM, Donetsk) (71.24%) and the Smart Holding group of companies (23.76%). The managing company of Metinvest Group is Metinvest Holding LLC.
Pivnichny GOK’s authorized capital is UAH 579.707 million.
The net profit of the state-owned PrivatBank for the first three quarters of 2025 increased by 4.7% compared to the same period last year, to UAH 50.63 billion, which accounted for 42.4% of the total financial result of the banking system, according to data from the National Bank of Ukraine.
According to the regulator’s statistics, another state-owned bank, Oschadbank, with a net profit of UAH 13.88 billion, which is 17.3% more than the figure for the first nine months of last year, and Raiffeisenbank, with a net profit of UAH 1.2 billion, which is 17.3% more than the figure for the first – Oschadbank with a net profit of UAH 13.88 billion, which is 17.3% more than the figure for the first nine months of last year, as well as Raiffeisen Bank – UAH 7.33 billion, which is 19.2% more than last year’s figure.
In the top five most profitable banks, the state-owned Ukreximbank retained its fourth position with a net profit of UAH 6.96 billion, which is 18.5% more than last year, while Universal Bank (mono) came in fifth with UAH 5.10 billion, up 27.7% year-on-year.
In addition, in the third quarter of this year, Universal Bank surpassed Ukrsibbank in terms of total assets and ranked seventh among 60 banks in the market in terms of this indicator.
Positions six to ten were taken by banks whose financial results for the first three quarters of 2025 declined year-on-year.
PUMB took sixth place in the list with a net profit of UAH 4.79 billion, which is 7.6% less than last year, while Ukrsibbank moved to seventh place with a result of UAH 4.11 billion due to an 18.5% decrease in profit, and OTP Bank came in eighth, reducing its financial result by 6.5% to UAH 3.90 billion.
The ninth and tenth positions among the most profitable banks at the end of the first three quarters of the year were taken by the state-owned Ukrgasbank with a result of UAH 3.90 billion (-16.5%) and Credit Agricole Bank with a profit of UAH 3.63 billion (-29.0%), respectively.
Five other banks earned more than UAH 1 billion in net profit in the first nine months of this year: Citibank – UAH 3.18 billion (-13.8%), state-owned Sens Bank – UAH 2.64 billion (-21.9%), Pivdenny Bank – UAH 2.11 billion (+7.9%), A-Bank – UAH 1.22 billion (+21.3%), and Kredobank – UAH 1.10 billion (-11.0%).
Eleven out of 60 banks ended the first nine months of 2025 with a loss
In particular, the largest loss was incurred by RVS Bank, which was withdrawn from the market in early November – UAH 139.6 million against UAH 10.6 million in profit last year, with the financial institution’s assets falling by 63.0% over the year to UAH 1.65 billion.
The second largest loss was incurred by the nationalized PIN Bank – UAH 44.0 million, which also suffered a loss of UAH 34.9 million in the first nine months of last year. Bank Alliance closed the top three with a loss of UAH 42.6 million, having earned a profit of UAH 51.0 million in the first three quarters of last year.
PJSC Centravіs Production Ukraine (Nikopol, Dnipropetrovsk region), part of the Centravіs Ltd. holding, reduced its net profit by 2.5 times compared to the same period last year, to UAH 158.111 million from UAH 398.888 million, based on the results of its operations in January-September of this year.
According to the company’s interim report, which is available to Interfax-Ukraine, the company increased its net income by 1.4% to UAH 3 billion 961.714 million in the first nine months of this year.
The uncovered loss at the end of September 2025 amounted to UAH 888.623 million.
In order to ensure the necessary volume of pipe billets, the company diversifies its purchases by purchasing pipe billets from foreign manufacturers. About 70% of pipe billets are purchased abroad. The company continues to cooperate with Ukrainian pipe billet manufacturers, whose production facilities are located in the Dnipropetrovsk and Zaporizhzhia regions.
In the first nine months of 2025, the company produced 9,974 thousand tons of pipes.
The company is export-oriented, with exports accounting for 96% of sales in the first nine months of 2025. The largest markets for its products are Germany, Italy, and the United States. In addition, pipe products are also sold in the Middle East, Asia, and Australia. In the first nine months of 2025, 9,919 thousand tons of pipes were sold, of which 9.9 thousand tons were exported.
An additional incentive for the company’s pipe exports is the temporary measures to liberalize trade and abolish customs tariffs and quotas by European countries and the US. In particular, in 2023, the EU and the US extended the suspension of customs tariffs and quotas on Ukrainian goods exported to European and American markets until June 1, 2024. In May 2024, this suspension was extended until June 5, 2025.
The company constantly monitors liquidity and credit portfolio management. The company pays all current loan payments in accordance with the repayment terms specified in the current agreements. On April 15, 2025, the company signed an agreement with its main creditor, Ukreximbank, on the long-term restructuring of its loan portfolio, namely the extension of long-term lines of €19,369,180 and $3,740,450 until February 22, 2031 (before the signing, the term was until February 22, 2026), and a short-term line of EUR 9 million was extended until March 3, 2028 (before the signing, only short-term extensions were carried out). This event has a significant positive impact on the company’s liquidity and solvency, allowing it to reduce its current debt burden and ensure stable cash flows.
In addition, to meet the company’s operational needs, on May 5, 2025, a general credit agreement was signed with the commercial bank Pivdenny for a total amount of short-term lending of UAH 50 million secured by a VAT declaration, which allowed the company to optimize cash flows and improve working capital. In July 2025, the company entered into an additional agreement with the bank to reduce the interest rate on short-term loans in national currency from 19% to 18% per annum, which has a positive impact on liquidity indicators.
As of September 30, 2025, the company applied for a VAT refund in the amount of UAH 57.834 million (as of December 31, 2024 – UAH 83.925 million), which was received from the state budget after the reporting date. Based on the results of the audits, the tax authorities did not confirm the VAT refund in the total amount of UAH 23.806 million. The company is challenging the results of the VAT audit in court.
In 2024, the company received a net profit of UAH 310.045 million, while it ended 2023 with a loss of UAH 384.664 million. At the same time, it increased its net income by 3.7% to UAH 5 billion 226.606 million. The company produced 14,017 thousand tons of pipes (in 2023 – 12,412 thousand tons), with exports accounting for 90.1% in 2024.
With regard to environmental protection, the board of directors considered issues related to reducing the harmfulness of production by improving production technologies, in particular, the transition to azote-free pipe pickling. In accordance with the requirements of Directive 2003/87/EC, a decision was made to implement a system for monitoring, reporting, and verifying greenhouse gas emissions and quarterly CBAM reporting.
According to the report, the profit in the current and previous reporting periods was mainly due to the forgiveness of debt on accrued interest under a loan agreement with a related non-resident entity, Centravis Finance Ltd.
On September 24, 2025, the sole shareholder of the company, Centravis SA (Switzerland), decided to increase the authorized capital by issuing additional shares worth UAH 4,335,171 thousand without a public offering.
The shares were valued by Uvecon Consulting Company LLC. Participants in the share placement must submit an application for the purchase of shares to the authorized person between February 28 and April 28, 2026.
Sentravis was founded in 2000 and is one of the ten largest manufacturers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovsk region). In 2023, a branch of the company was opened in Uzhhorod.
The company’s main activity is the production and sale of seamless stainless steel pipes. As of September 30, 2025, the company employed 1,428 people (as of September 30, 2024, 1,541 people).
Centravіs Ltd. was established on the basis of Nikopol Stainless Steel Pipe Plant CJSC and the service and trading companies of YUVIS Production and Commercial Enterprise LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares of PJSC “Centravis Production Ukraine.”
According to the NDU for the third quarter of 2025, Centravis SA (Centravis AG) (Centravis Ltd) (Switzerland) owns 100% of the shares of PJSC “Centravis Production Ukraine”.
According to the company’s information, as of September 30, 2025, the ultimate beneficial owners of the company are Yuriy Atanasov, who owns 66.7% of the shares, Konstantin Atanasov with 16.65%, and Kateryna Atanasova-Milovanova with 16.65%. The 6,668 shares in the authorized capital of UVIS Group Limited, which belonged to Vasyl Atanasov, who died on September 18, 2023, were inherited by Yuriy Atanasov.
The authorized capital currently amounts to UAH 202.560 million, with a nominal value of UAH 1 per share.
