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INGOK's net loss increased to UAH 2.49 billion

INGOK's net loss increased to UAH 2.49 billion

PJSC Inguletsky Mining and Processing Plant (InGOK, Kryvyi Rih, Dnipropetrovsk region), part of the Metinvest Group, increased its net loss 2.9 times in January-June of this year - UAH 4.8 million in the same period last year. The period amounted to UAH 302 thousand, which was formed in the first quarter of 2026.

Retained earnings at the end of June amounted to UAH 4 billion 282.214 million. works amounted to 0.0 million cubic meters. In the first half of 2026, the company sold finished products in the amount of UAH 302 thousand, the management report states.

As reported, INGOK increased its net loss 5.4 times in January-March of this year, to UAH 1 billion 397.987 million from UAH 259.450 million in the same period last year. Income from ordinary activities during this period amounted to UAH 302 thousand, whereas in 2024 it was absent. Last year it amounted to UAH 40.3 thousand against UAH 7 billion 793.635 million in 2024.

InGOC ended 2024 with a net loss of UAH 1 billion 317.997 million, whereas in 2023 it amounted to UAH 167.236 million. 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. InGOK reduced its net profit by 75.3% in 2020 compared to the previous year to UAH 1.5 billion.

The company specializes in the extraction and processing of ferruginous quartzites from the Inguletsky deposit, located in the southern part of the Krivoy Rog iron ore basin. It produces iron ore concentrate. The production capacity of the enterprise is 14 million tons of iron ore concentrate per year.

Metinvest B.

V. (The Netherlands) owns 100% of InGOK PJSC shares.

The authorized capital of InGOK PJSC is 689,906 million UAH, the nominal value of the share is 0.25 UAH. Metinvest Group, the main shareholders of which are PJSC System Capital Management (SCM, Donetsk, 71.24%) and Smart Holding Group of companies (23.76%). The management company of the Metinvest Group is Metinvest Holding LLC.

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