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

Ex-India pellet prices strengthen but trades limited by year-end considerations, low bids

02 Jan | Scrap & Raw Materials

Ex-India pellet prices show marginal gains on robust local sales, buyers from China remain on the sidelines

26 Dec | Scrap & Raw Materials

AHMSA sells pellet plant in US for $5 million

25 Dec | Steel News

Ex-India pellet prices recover amid a few high-volume deals, sustainability still in doubt

19 Dec | Scrap & Raw Materials

India: Iron ore and pellet exports jump 27 percent m-o-m in November 2025

19 Dec | Steel News

Brazilian high-grade iron ore price shows weekly decline

13 Dec | Scrap & Raw Materials

Ex-India pellet prices fall as Chinese buyers retreat, preferring cheaper alternatives

12 Dec | Scrap & Raw Materials

Brazilian high-grade iron ore price shows small weekly increase

06 Dec | Scrap & Raw Materials

Ex-India pellet prices edge up amid tight supplies, stray deal done for high grade

05 Dec | Scrap & Raw Materials

Indian steel market stagnation worsens in Nov'25, outlook remains gloomy

04 Dec | Steel News