In the period indicated, the company reported a net loss of $58 million, compared to a net profit of $179 million in the same period of the previous year, mainly due to lower revenue, loss from operations held for sale, and weaker net results from associates and joint ventures, while Sales revenue totaled $3.56 billion, down 13.0% year-on-year, mainly due to the suspension of production operations at the Pokrovsky coal mine and the Inguletsk Iron Ore Combine. In addition, Metinvest's EBITDA for the first half of the year was $339 million, down 49.3% from $669 million recorded in the previous year, while operating profit was $186 million, compared to $379 million recorded in the first half of 2024.
In the first half of the year, the company's total steel production was 908,000 tons, down 13.0 percent year-on-year, while pig iron production decreased 11.0 percent year-on-year to 789,000 tons, as previously reported by SteelOrbis.
