The mining and metallurgical group "Metinvest" increased its contributions to the budgets of all levels in Ukraine by 38% during January-September of this year, including associated companies and joint ventures, reaching 15.2 billion UAH compared to the same period last year.
According to the company's press release on Tuesday, payments for subsoil use rose 2.8 times compared to January-September 2023, amounting to 4.2 billion UAH.
The group also raised its payment of the unified social contribution by 16% to 2.8 billion UAH. Additionally, "Metinvest" transferred 2.5 billion UAH in personal income tax to the budget, which is an 11% increase over the figures from the first three quarters of 2023.
Land payments increased by 6% in January-September 2024 compared to the same period last year, totaling 948 million UAH, while the environmental tax grew by 21% to 543 million UAH.
At the same time, the profit tax payment decreased by 32%, amounting to 1.9 billion UAH.
"In wartime conditions, tax payments are critically important for supporting the Ukrainian economy. Our company's main task is to enhance the country's defense capabilities by all available means: to be a reliable employer, investor, producer of steel products for the front, and supplier of ammunition and equipment for the Armed Forces of Ukraine. Only through collective efforts can we create a solid foundation for Ukraine's victory and ensure a peaceful future for Ukrainians," said Yuriy Ryzhenkov, the CEO of "Metinvest."
"Metinvest" has not yet published financial data for the first nine months of 2024. In the first half of 2024, the holding increased its consolidated revenue by 21.5% to $4.319 billion, and EBITDA rose by 33.5% to $650 million. Meanwhile, tax payments to the state budget increased one and a half times to 10 billion UAH. 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.