Ferrexpo posts $196 million net loss for H1 2025

Friday, 08 August 2025 13:30:37 (GMT+3)   |   Istanbul

Swiss-headquartered iron ore miner Ferrexpo, whose main interests are in Ukrainian iron ore assets, has announced its financial results for the first half of the current year.

In the given period, Ferrexpo recorded a net loss of $196 million, compared to a net profit of $55 million in the first half of the previous year. The sales revenues of the company totaled $452.6 million in the first half, down by 17.5 percent year on year, due to lower realized prices and marginally lower sales volumes. The company’s sales volumes decreased by 1.1 percent to 3.81 million mt, while its EBITDA amounted to $4 million, down by 95.9 percent, reflecting the net effects of an increase in production costs, both compared to the same period last year.

The company’s total pellet production in the first half totaled 2.17 million mt, decreasing by 34.2 percent year on year.

According to Ferrexpo, the outlook for the second half of 2025 is challenging. The company stated that the biggest problem right now is the unpaid VAT refunds and, as long as these are not secured, the company will continue operating at reduced levels.


Similar articles

Ferrexpo posts higher sales revenue, albeit net loss

20 Mar | Steel News

Ferrexpo posts higher sales revenue amid increased sales volume

01 Aug | Steel News

Ferrexpo posts net loss for 2023, sees lower sales revenues

19 Apr | Steel News

Ex-India pellet prices edge lower as Chinese buyers retreat, sellers hold back offers

27 Mar | Scrap & Raw Materials

Thyssenkrupp Steel invests €2.4 million in iron ore of future

26 Mar | Steel News

US EXIM backs Mesabi Metallics project with up to $10 billion to strengthen steel supply chain

26 Mar | Steel News

Brazilian high-grade iron ore price posts small decline week-on-week

24 Mar | Scrap & Raw Materials

Ex-India pellet prices inch up driven by higher freight costs, sellers on sidelines with focus on local sales

20 Mar | Scrap & Raw Materials

ArcelorMittal to triple production from its iron ore mine in Brazil

19 Mar | Steel News

Ex-India pellet prices rise as buyers’ interest increases, sellers impeded by higher freight

13 Mar | Scrap & Raw Materials