Ferrexpo Reveals Energy Infrastructure Attacks Impact Production

Ferrexpo plc (LSE: FXPO) shares are under significant pressure following a limited attack on Ukrainian energy infrastructure, disrupting power supply to its operations and halting production and exports.

The incident, which occurred early Saturday, November 8, 2025, has raised concerns about the company's near-term outlook amidst the ongoing geopolitical instability.

The attacks targeted energy transmission infrastructure in Horishni Plavni, the mining city where Ferrexpo is situated, and the nearby industrial hub of Kremenchuk.

Consequently, power was cut to Horishni Plavni, forcing the suspension of operations at Ferrexpo Poltava Mining (FPM) and Ferrexpo Yeristovo Mining (FYM), the Group's key subsidiaries.

Ferrexpo had anticipated potential disruptions and built up stocks of intermediate and finished iron ore products at its sites and other locations. This buffer is intended to mitigate the impact on its production cycle and export commitments. However, the extent and duration of the power outage remain critical factors.

Over the weekend, some power has been restored to FPM and FYM, allowing partial resumption of processing plant operations. Efforts to fully restore power and production capacity are ongoing. The company has pledged to provide further updates as the situation evolves.

The incident underscores the vulnerability of Ferrexpo's operations to the ongoing conflict in Ukraine. While the company has taken steps to mitigate risks, the volatile security environment presents a persistent challenge to production and export stability. Investors should expect continued volatility in FXPO shares as the situation unfolds.