Ukraine's Metinvest slightly cuts tax payments, increases military tax threefold in H1 2025

Mining and metallurgical group Metinvest in January-June of this year, taking into account associated companies and joint ventures, transferred UAH 9.3 billion to budgets of all levels in Ukraine, while in the same period last year it were UAH 9.9 billion.

According to a Monday press release, the three largest items were subsoil use fees (UAH 2.5 billion), the single social contribution (UAH 1.7 billion) and personal income tax (UAH 1.6 billion).

In January-June 2025, Metinvest's Ukrainian enterprises also paid UAH 670 million in corporate income tax and UAH 328 million in environmental tax. The military levy for H1 2025 more than tripled year-on-year to UAH 472 million, while land tax payments rose by 5% to UAH 659 million.

"During wartime, paying taxes is our direct contribution to national defence and reconstruction. The financial responsibility of businesses is a source of strength for the army, healthcare, education and millions of Ukrainian families. We have learned to move forward even in the toughest times: to work despite threats, support the economy and help the front line. We maintain momentum because we know that our resilience is part of the collective victory," Yuriy Ryzhenkov, CEO of Metinvest Group, said.

As reported, in 2024, Metinvest transferred UAH 19.8 billion in taxes and fees to budgets at all levels in Ukraine.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. The group's enterprises are located mainly in Donetsk, Luhansk, Zaporizhia and Dnipropetrovsk regions.

The holding's main shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it. Metinvest Holding LLC is the management company of Metinvest Group.