Mechel does not plan to pay dividends for 2024. The decision was made by the board of directors, the company said.
The Board of Directors recommended that shareholders not repay the loss resulting from the results of operations for 2024 in the amount of 9,889 billion rubles under RAS and leave it on the Company's balance sheet.
Mechel's shareholders have decided not to declare or pay dividends for 2023 on ordinary and preferred shares. The dividend story is published on the website the company.
Mechel is a global mining and metallurgical company. The company's products are supplied to domestic and foreign markets. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, thermal and electric energy. All enterprises operate in a single production chain: from raw materials to high-value-added products.
Mechel's loss in 2024 amounted to 37.12 billion rubles against a profit of 22.32 billion rubles a year earlier. Revenue fell by 5% to 387.477 billion rubles from 405.88 billion rubles, operating profit — by 78% to 14.155 billion rubles from 64.848 billion rubles, EBITDA — by 35% to 55.9 billion rubles from 86.34 billion rubles.
