In 2022, Ferrexpo received $1.2 billion of income, down from $2.5 billion in 2021.
The drop was due to the Russian invasion of Ukraine resulting in the operational and logistics losses.
EBITDA decreased by 47%, to $765 million. The fall was partially compensated for by the exchange rate difference ($339 million).
Capital investments fell to $161 million from $361 million.
Pellets manufacture contracted by 46%, to 6.1 million tons. (Ukrainian metal)