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Ferrexpo (FXPO) investor relations material
Ferrexpo Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Operational performance
Achieved total production of 963,000 tonnes in Q2 2026, with 860,000 tonnes of premium pellets and 103,000 tonnes of Fe 67% concentrate.
Maintained a rolling 12-month LTIFR of 0.18, well below the five-year average, with zero workplace fatalities for over five years.
Operations remain highly constrained due to the war in Ukraine, with only one pellet line active and significant workforce disruptions.
Financial position and liquidity
Accessible cash balance stood at $27 million as of 30 June 2026, with a net cash position of $21 million after lease obligations.
Net cash position has declined from $101 million at end-2024 to $21 million at end-Q2 2026.
Sufficient liquidity is forecast to last until early Q4 2026, assuming stable conditions and no adverse legal or operational developments.
Cost management and workforce
Extensive cost-cutting and deferred expenditures have been implemented across all business areas.
Workforce maintained at 6,299, including 804 serving in the Ukrainian Armed Forces; 11 employees have died in 2026 defending Ukraine.
- Production resumed, but cash and VAT refund pressures persist, with funding options under review.FXPO
Trading update - Production rose 3% in Q3, but VAT issues and war disruptions drove major cost and workforce cuts.FXPO
Status Update - Net loss of $196M and $154M impairment reflect severe operational and legal headwinds.FXPO
H1 2025 - Q2 2025 production fell 40% amid VAT refund suspension and cost-cutting measures.FXPO
Status Update - Ferrexpo increased year-to-date output by 47% despite cost and market headwinds.FXPO
Status Update - Record sales and profit growth offset by persistent war and legal risks.FXPO
H1 2024 - Ferrexpo's 1H 2024 production surged 83% year-on-year, reaching post-invasion highs.FXPO
Status Update - Revenue and production surged, but margins compressed amid war and rising costs.FXPO
H2 2024
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