FXPO.L

Ferrexpo Plc
Ferrexpo plc - Report on Payments to Governments
16th May 2025, 16:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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

(US$ '000)

Production entitlements

Taxes paid

Royalties

paid

Dividends paid

Bonuses paid

Licences and concessions paid

Infrastructure improvements paid

Total

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.

 

 

For further information, please contact:

Ferrexpo:



Nick Bias

n.bias@ferrexpo.ch

+44 (0)7733 177 831




Tavistock:



Jos Simson

Gareth Tredway

ferrexpo@tavistock.co.uk

+44 (0)20 7920 3150

+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.

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 or visit 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.
 
END
 
 
PGRQZLFFEELFBBL]]>
TwitterFacebookLinkedIn