ANNUAL REPORT 2025
ABOUT THE REPORT
CHAIRPERSON’S STATEMENT
OLEG POPOV
Chairperson of the Supervisory Board
Metinvest supported Ukraine while sustaining a business connected to multiple markets, drawing resolve from the courage, discipline and ingenuity of its people.
I extend my deepest gratitude to our defenders.
CEO’S STATEMENT
YURIY RYZHENKOV
Chairperson of the Supervisory Board
Metinvest delivered resilient operational and financial results despite a challenging environment.
For Metinvest, 2025 was a period of significant change amid ongoing challenges.
KEY NUMBERS
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SELECTED CASE STUDIES
DEVELOPING TALENT
Metinvest continued to expand technical education to help provide industry-specific expertise and support Ukraine’s reconstruction.
DEVELOPING TALENT
Metinvest continued to expand technical education to help provide industry-specific expertise and support Ukraine’s reconstruction.
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SUPPORTING VETERANS
Metinvest’s veteran reintegration ecosystem is a comprehensive programme developed in response to the realities of the full-scale war in Ukraine. It supports both returning employees and new hires as they transition back to civilian life and work after military service.
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STEEL FORCE
Metinvest launched the Steel Force programme to create career opportunities for Ukrainian students studying abroad. One of the project’s goals is to involve these young people in projects that support Ukraine’s recovery and the development of the national mining and metals sector.
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CONTRACTOR SAFETY
Metinvest acknowledges its responsibility for safeguarding the well-being of contractors operating at its facilities. The Group applies a unified approach to occupational safety, holding them to the same standards and requirements as employees.
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EMBEDDING AI SOLUTIONS
In 2025, Metinvest continued to scale the use of artificial intelligence across its operations, integrating advanced digital solutions into production, marketing, sales, finance, logistics, HR and IT.
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SUSTAINABILITY PERFORMANCE
STEADFAST COMMITMENT
In 2025, Metinvest supported communities and employees in all the countries where it has operations, guided by ongoing dialogue with local authorities and civil groups.
STEADFAST COMMITMENT
In 2025, Metinvest supported communities and employees in all the countries where it has operations, guided by ongoing dialogue with local authorities and civil groups.
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A CENTRAL FOCUS
In 2025, Metinvest continued to keep people at the heart of business processes. To sustain operations, the Group prioritised employee development, flexible deployment and measures to support workforce well-being and returning veterans.
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ENHANCED PROTOCOLS
In 2025, Metinvest worked on improvements in preventive risk management and training, as well as health support programmes. The Group also further aligned workplace safety practices with contractors.
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RESPONSIBLE STEWARDSHIP
In 2025, Metinvest focused on maintaining environmental compliance across its operating assets, implementing priority projects and measures to reduce its impacts.
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CLIMATE ACTION
Recognising climate change as a material topic for the Group and its stakeholders, Metinvest continues to work on its governance and risk management practices.
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STRATEGIC REPORT
SUSTAINABILITY REPORT
GOVERNANCE REPORT
INFORMATION REPORT
FINANCIAL REPORT
- Independent Auditor’s Report
- Summary Consolidated Balance Sheet
- Summary Consolidated Income Statement
- Summary Consolidated Statement of Comprehensive Income
- Summary Consolidated Statement of Cash Flows
- Summary Consolidated Statement of Changes of Equity
- Note to the Summary IFRS Consolidated Financial Statements