The mining and metallurgical group "Metinvest" has increased its contributions to budgets at all levels in Ukraine by 36% in 2024 compared to 2023, reaching 19.8 billion UAH, including associated companies and joint ventures.
According to the company's press release on Thursday, "Metinvest" has been supporting the country's economy for nearly three years amidst the full-scale war.
The largest contribution comes from payments for subsoil use, which more than doubled compared to last year, amounting to 5 billion UAH. In second place is the unified social contribution of 3.7 billion UAH, which increased by 13%. The top three payments include 3.4 billion UAH in personal income tax, which exceeds the 2023 figures by 11%.
Additionally, Ukrainian enterprises of "Metinvest" paid 2.6 billion UAH in corporate tax last year, which is 20% less than the previous year. Land payments grew by 6% compared to last year's figures, reaching 1.3 billion UAH, while the environmental tax increased by 18%, totaling 717 million UAH.
“The war raises the level of business responsibility - towards the army, the economy, and every Ukrainian. Despite all the challenges, we have not only maintained stability but also managed to reach the tax payment levels of 2022, when we had a certain pre-war resilience. This demonstrates our ability to adapt and find new opportunities. "Metinvest" remains one of the largest taxpayers and private donors to the Armed Forces of Ukraine, and we continue to support the country during these difficult times,” noted Yuriy Ryzhenkov, CEO of "Metinvest."
As reported, "Metinvest" increased tax payments by 38% to 15.2 billion UAH over the nine months of 2024. The group raised tax payments by one and a half times in the first half of 2024, reaching 10 billion UAH. Overall, in 2023, the company contributed 14.6 billion UAH to the state budget.
"Metinvest" is a vertically integrated group of mining and metallurgical enterprises. The group's facilities are primarily located in the Donetsk, Luhansk, Zaporizhia, and Dnipropetrovsk regions. The main shareholders of the holding are the "SCM" group (71.24%) and "Smart Holding" (23.76%), which jointly manage it.
LLC "Metinvest Holding" is the managing company of the "Metinvest" group.