ArcelorMittal's EBITDA in the third quarter was USD 1.5 billion
The company's EBITDA margin was US$ 111 per tonne, net income was US$0.4 billion, and adjusted net income was US$0.5 billion (EPS was US$0.62). ArcelorMittal said its results continue to reflect the benefits of asset optimization, regional diversification, and strategic development investments, including record iron ore production and shipments from Liberia.
Net debt at the end of September was US$9.1 billion, compared to US$8.3 billion at the end of June, mainly due to working capital and investments in mergers and acquisitions. The company expects a significant recovery in free cash flow in the fourth quarter of 2025 as working capital increases, supported by a stable liquidity position of USD 11.2 billion.
CEO Aditya Mittal stated: "We achieved steady results in a quarter that is usually seasonally weak. The trade measures proposed by the European Commission, once in force, will support the region's steel sector in increasing capacity utilization and profitability. We remain focused on executing our investment plans and positioning the business to create long-term value."
ArcelorMittal emphasized that its strategic growth and M&A initiatives are expected to increase future EBITDA by approximately $2.1 billion, with a target of $0.7 billion for 2025 and $0.8 billion for 2026. The company continues to invest in the low carbon and value-added steel markets as part of its transition strategy.
Regarding shareholders, the company confirmed the amount of the base dividend of USD 0.55 per share, payable in two installments, and confirmed its policy to return at least 50% of the annual free cash flow after the payment of dividends through dividends and share repurchases. Currently, in 2025, ArcelorMittal has repurchased 8.8 million shares worth $262 million and plans to repay most of its 92.3 million shares by the end of the year.
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