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ANNUAL REPORT 2025

01 STRATEGIC
REPORT
01 STRATEGIC
REPORT
02 SUSTAINABILITY
REPORT
02 SUSTAINABILITY
REPORT
03 GOVERNANCE
REPORT
03 GOVERNANCE
REPORT
04 INFORMATION
REPORT
04 INFORMATION
REPORT
05 FINANCIAL
REPORT
05 FINANCIAL
REPORT

ABOUT THE REPORT

CHAIRPERSON’S STATEMENT

OLEG POPOV

Chairperson of the Supervisory Board

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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

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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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