Business news from Ukraine

Business news from Ukraine

DMZ Kominmet reduced its profit threefold to UAH 19 mln in 2024

According to its 2024 results, Dnipropetrovsk Metallurgical Plant (DMZ) named after Comintern (DMZ Kominmet) reduced its net profit by 2.97 times compared to the previous year — to UAH 18.913 million from UAH 56.197 million.

According to the annual financial report available to the Interfax-Ukraine agency, net income for this period decreased by 13.1% to UAH 2 billion 896.250 million.

Undistributed profit at the end of 2024 amounted to UAH 115.316 million.

It is also noted that in the first quarter of 2025, the volume of production and sales amounted to 8-10 thousand tons per month.

DMZ Kominmet LLC was established on the basis of a plant built in 1899 as a Belgian joint-stock company by the Shoduar brothers for the production of roofing, corrugated steel, tableware, and blade steel. The company specializes in the production of steel pipes, metal coating, and consumer goods.

The average number of employees was 559.

According to the plant’s data at the end of 2024, Voskym Dom-2014 LLC (Dnipro) owns a 31.556% stake in the company, Grominal Ltd owns 21.11%, DW Holding Ltd – 23.77%, and Genersys Group Ltd (all three are based in Cyprus) – 23.564%.

According to the annual report, the ultimate beneficial owner (controller) of DMZ Kominmet LLC is Semen Tokarev, a natural person with a 31.556% stake.

The authorized capital of the LLC is UAH 25.5 million.

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IMK agricultural holding increased its net profit by 43% to $67.5 mln

IMK agricultural holding received $67.5 million in net profit in January-September 2025, which is 43% more than in the same period of 2024, according to the company’s report.

According to a report on the Warsaw Stock Exchange, IMC’s revenue for the reporting period amounted to $118.6 million, which is 16% less than last year. At the same time, profit from the revaluation of biological assets increased by 22% to $75.7 million.

Gross profit increased to $93.2 million, which is 6% more than a year earlier, and operating profit increased by 27% to $73 million (+27%). Profit before tax increased to $68.9 million (+45%).
The company’s normalized EBITDA for the nine months of 2025 was $88 million, up 24% from the same period in 2024.

In January-September 2025, IMC sold 387,660 tons of corn, which is 16% less than in the same period of 2024. At the same time, the cost of sales for the current year was 46.9% higher and amounted to $213 per ton. Accordingly, revenue was 23.8% higher and amounted to $82.9 million compared to $66.74 million a year earlier.

Sunflower sales were 2.6 times lower than in the same period last year and amounted to 25.43 thousand tons. The selling price was 55% higher than last year and amounted to $546 per ton, so revenue fell by 59.3% to $13.89 million compared to $23.43 million a year earlier.

IMK also reduced wheat sales by 2.6 times compared to the same period last year to 103.26 thousand tons in the first nine months of 2025. Wheat prices were higher than last year, at $209 per tonne compared to $181 per tonne a year earlier. However, this did not have a significant impact on revenue. It amounted to $21.63 million compared to $49.78 million (-56.6%) for the same period last year.

IMK Agroholding is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the crop production, elevators, and warehouses segments. The land bank is about 120,000 hectares, storage capacity is 554,000 tons for the 2023 harvest of 1.002 million tons.

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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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