Terrafame's Financial Review 2024 has been published

The Financial Review published today by the battery chemicals company Terrafame includes the Board of Directors review, the Financial Statements of the Terrafame Group (IFRS) and the Financial Statements of the parent company Terrafame Ltd (FAS) for the financial period 1 January–31 December 2024.

Terrafame has also published its Corporate Governance Statement and Remuneration Report for 2024.

In addition, the company has published a separate sustainability report. The sustainability report has been prepared using the EU's Corporate Sustainability Reporting Directive (CSRD) and the reporting requirements derived from it in national legislation, where applicable, which have guided the content and structure of the document.

All documents are available as pdf files attached to this publication and on the company's website at www.terrafame.com > Company > Reports and publications.

Terrafame enhances low-carbon mobility by delivering responsibly produced battery chemicals to the global battery industry. One of the world’s largest production lines for chemicals used in electric vehicle batteries is located on Terrafame’s industrial site. The plant is capable of producing nickel sulphate for around 1 million EVs per year. The carbon footprint of the nickel sulphate produced by Terrafame is among the smallest in the industry.

Terrafame’s integrated, unique and energy-efficient production process from the mine to battery chemicals is located on a single industrial site. It provides customers with a transparent, traceable and truly European battery chemical supply chain.

Terrafame Ltd was founded in 2015. Its net sales in 2024 were EUR 544.5 million. Around 2,000 people work on its industrial site, approximately 1,200 of whom are employees of partner companies.