REG - Ferrexpo plc - Report on Payments to Governments

FerrexpoAnnouncement

16/05/2025 17:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250516:nRSP7142Ia&default-theme=true

RNS Number : 7142I  Ferrexpo PLC  16 May 2025

16 May 2025

Ferrexpo Plc

("Ferrexpo" or the "Company" or the "Group")

 

Report on Payments to Governments for the year ended 31 December 2024

 

Ferrexpo Plc (LSE: FXPO), a premium iron ore pellet producer and supplier to
the global steel industry, hereby provides information in accordance with DTR
4.3A in respect of payments made by the Company, and its subsidiaries, to
governments during the year ended 31 December 2024.

This announcement is made in compliance with The Reports on Payments to
Governments Regulations 2014, as amended (the "Regulations").

 

 2024                             Production entitlements  Taxes paid  Royalties  Dividends paid  Bonuses paid  Licences and concessions paid  Infrastructure improvements paid  Total

 (US$ '000)                                                            paid
 Ukraine:
 State treasury: State budget     -                        15,262      18,817     -               -             -                              -                                 34,079
 State treasury: Regional budget  -                        2,161       6,720      -               -             -                              -                                 8,881
 State treasury: Local budget     -                        6,404       1,344      -               -             -                              -                                 7,748
 Total Ukraine                    -                        23,827      26,881     -               -             -                              -                                 50,708
 Grand Total                      -                        23,827      26,881     -               -             -                              -                                 50,708

 

Basis of preparation:

1.     The Company regards payments relating to the Group's mining
operations in Ukraine as interconnected projects for the purposes of the
regulations.

2.     Taxes paid include taxes levied on the income, production or
profits of companies but excludes any taxes levied on consumption such as
value added taxes, personal income taxes or sales taxes.

3.     Payments made in currencies other than US dollars are converted at
the average foreign exchange rate for the relevant month.

This report is available for download at http://www.ferrexpo.com
(http://www.ferrexpo.com) .

 

 

For further information, please contact:

 Ferrexpo:
 Nick Bias        n.bias@ferrexpo.ch                                                      +44 (0)7733 177 831
                  (mailto:n.bias@ferrexpo.ch?subject=Payments%20to%20governments%20RNS)

 Tavistock:
 Jos Simson       ferrexpo@tavistock.co.uk                                                +44 (0)20 7920 3150

                (mailto:ferrexpo@tavistock.co.uk?subject=Payments%20to%20governments)

 Gareth Tredway                                                                           +44 (0)7785 974 264

 

About Ferrexpo:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and
a listing in the equity shares commercial companies category on the London
Stock Exchange (ticker FXPO) and a constituent of the FTSE 250 and FTSE4Good
indices. The Group produces high grade iron ore pellets, which are a premium
product for the global steel industry and enable reduced carbon emissions and
increased productivity for steelmakers when converted into steel, compared to
more commonly traded forms of iron ore. Ferrexpo's operations have been
supplying the global steel industry for over 50 years. Before Russia's
full-scale invasion of Ukraine in February 2022, the Group was the world's
third largest exporter of pellets. The Group has a global customer base
comprising of premium steel mills around the world. For further information,
please visit www.ferrexpo.com (http://www.ferrexpo.com/) .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  PGRQZLFFEELFBBL