21 January 2024

The company announced the payment of interim dividends in the amount of 3.3 US cents per share.

Commenting on the payment of interim dividends, the company's management notes that Ferrexpo's performance in 2023 was better than expected.

In total, in 2023, Ferrexpo produced 4,152 million tons of iron ore concentrate and pellets, 33% less than in the previous year.

At the same time, in the fourth quarter of the year, the company produced 677,000 tons of iron ore concentrate and pellets, which is 50% less than in the previous quarter, and is the lowest figure for the entire year.

For the first half of 2023, Ferrexpo's EBITDA amounted to $64 million, operating cash flow - $80 million, the amount of cash on the balance sheet at the end of June - $135 million.

Our analysis of the financial report of Ferrexpo for H1 2023 is available at the link.