Companies

Ferrexpo

Ferrexpo is an LSE-listed producer and exporter of iron ore pellets. Its principal production facility is the Ukrainian iron ore mining company Poltavskiy GOK. The company owns significant iron ore reserves, making it one of the world’s largest pellet producers.

Shareholders Structure

SUMMARY

Market Price ($)	0.896
Market Cap ($m)	527
Enterprise Value ($m)	419
Shares Outstanding	588,624,142
Code	FXPO LN

Recommendations

FV ($)	****
Upside (%)	****
Recommendation	****

Indicator	2019	2020	2021	2022	2023
Sales ($m)	1,507	1,700	***	***	***
EBITDA ($m)	586	859	***	***	***
Net Income ($m)	403	635	***	***	***
Net Debt ($m)	281	(4)	***	***	***

Indicator	2019	2020	2021	2022	2023
P/E	1.31	0.83	***	***	***
P/Sales	0.35	0.31	***	***	***
EV/EBITDA	1.4	0.6	***	***	***
P/Book	0.39	0.35	***	***	***

Ferrexpo — Third party initiates bankruptcy proceedings against Ferrexpo Poltava Mining

Ferrexpo reported that the Poltava Commercial Court has accepted for consideration an application by LLC Financial Company Maxi Capital to open bankruptcy proceedings against Ferrexpo Poltava Mining in connection with a UAH 4.7bn ($113m) surety claim allegedly provided by Ferrexpo under Finance & Credit Bank loan agreements. The court scheduled a preparatory hearing for May 27.

Apr 08, 2025

| Metals & Mining

Ferrexpo — 1Q25 production up 20% q-o-q, yet pelletizer utilization halves after VAT refund suspension

Ferrexpo reported 1Q24 pellet production of 1.3 Mt, down 10% q-o-q and 26% y-o-y, including 1.1 Mt of premium 65% pellets, 161 kt of pellets made from third-party ore, and 82 kt of DRI pellets. Quarterly concentrate production tripled q-o-q to 778 kt (+223% y-o-y). Total production thus came in at 2.1 Mt, up 20% q-o-q and 3.5% y-o-y.