Switzerland-based mining company Ferrexpo, whose main interests are related to Ukrainian iron ore assets, has announced the resumption of production at its facilities in Ukraine following a recently announced $100 million fundraiser.
The company has raised approximately $100 million through equity raising to meet working capital needs and maintain operating activities at a reduced level over the next 18 months, as Steelorb previously did. earlier сообщалось.
The company said it intends to focus on exports to its customers in Europe, given the ongoing attacks on ports and ships in the Black Sea.
The company's net loss increases for 2025
Ferrexpo also announced its financial the results for 2025. During this period, Ferrexpo recorded a net loss of $224 million in 2025, a significant increase from a loss of $50 million in 2024 amid lower sales prices and operational disruptions. The company's revenue decreased by 16% year-on-year to $787 million in 2025. Ferrexpo attributed this decrease mainly to lower selling prices and an increase in the share of iron ore concentrate in the sales structure, while revenue from the sale of concentrates is lower than from the sale of pellets. The company's EBITDA decreased by 60% to $28 million from $69 million in the previous year, reflecting a decrease in sales and an increase in sales of low-margin iron ore concentrate. As a result, the EBITDA margin decreased from seven percent to three percent
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