According to the company’s financial statements, its net loss amounted to LE 26.8 million, up 13% from LE 23.75 million in 2024.
Sales revenue rose by 60% to LE 437.7 million against LE 275 million a year earlier. However, the revenue growth was offset by a faster increase in expenses: the cost of sales increased by 70% to 354.3 million lei.
Additional pressure on the financial result was exerted by the growth of distribution expenses – up to 55.8 mln lei from 42.9 mln lei a year earlier. General and administrative expenses remained practically unchanged and amounted to 14.1 million lei. This also included 10.8 million lei of the labor remuneration fund.
According to the statements, the company’s total assets decreased by 7.2% to 307.5 million lei, while about 64% of assets are accounts receivable, which limits the inflow of liquidity.
Profitability indicators remain negative, with ROA at -8.42% and ROE at -9.42%, reflecting a continued decline in capital utilization efficiency, according to the documents.
At the same time, the company points to a high level of financial autonomy – a ratio of 0.9 – and a relatively low debt load.
It should be noted that Metalferos is controlled by the authorities. The state owns 78.282% of shares, the remaining stake is distributed among 329 private shareholders.
