The main reason for the losses is to stop the work of the pokrovsky coal group, which removed the meinvest of its own coking coal and the vertical integration weakened.
In the first half of 2025, the Metinvest Group recorded a loss of $ 58 million – against $ 179 million revenue for the same period of 2024. The income was reduced by 13% of G/G, up to $ 3.55 billion, it was stated in a company report published on Friday, September 12.
It is indicated that the main cause of losses is to stop the work of the pokrovsky coal group, which removed the company of its own cooking coal and the vertical integration weakened. Additional pressure is the cessation of Ingulen Gok and the collapse of world prices for steel and minerals.
The indicators in Ukraine are most noticeable -noted to be sinking -sales fell 16% of the city/g., Up to $ 1.13 billion. This is due to the lack of coal sales and cheaper products. Part of Ukraine in the income structure was reduced to 32%.
In foreign markets, income fell 12% of G/G. – Up to $ 2.43 billion: In Europe of 13% of the city/g. Due to the collapse of prices and shipping pellets and focus, while in the northern American-a increase of 20% of g. Thanks to a sharp increase in cast iron exports.
According to segments, the mining business – 30% of the city/g., Up to $ 1.13 billion in the metallurgical segment, the reduction costs only 2% – up to $ 2.43 billion, maintaining gratitude for the sales of semi -finished products and finished products.
The EBITDA indicator is divided – up to $ 339 million. An additional negative factor is $ 62 million from the American Asset United Coal, which is recognized as non -core and sold.
Despite the complex environment, metіnsvest focuses on optimizing costs and reducing debt load. Since the beginning of the year, the debt has been reduced by $ 133 million, and Eurobonds-2025 has been fully paid. Capital investments have been reduced by 28% of G/G, up to $ 91 million, with emphasis on labor support and energy projects.
Metinvest Management recognizes that the company’s financial stability is under pressure, but the major ownership of Ukraine (outside of active hate zones) continues to work, and the variety of sales markets slightly softens losses from war and dropping prices.
As you know, Metinvest Rinat Akhmetov became one of the affected companies in Ukraine during the war with Russia-the occupied plants in Mariupol (AzovStal, MMKI), Avdeevka was gone, the work of the single mine with coking coals near the Pokrovsk was stopped, because of the city’s stance.
Keep in mind that according to the results of 2024, Metinvest paid the budget for 20 billion taxes on UAH. This is 36% more than 2023.
Metinvest is also one of the largest investors in the Ukrainian economy: from February 24, 2022, investments have been conducted with more than 28 billion hryvnias.
Metinvest will provide iron for nuclear power plants in the UK
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.