ArcelorMittal SA

Latest Results (25.10.2025):

ArcelorMittal SA reported its financial results for the fourth quarter and full year ended December 31, 2024. Despite challenging market conditions, the company demonstrated resilient operating performance, strengthened its financial position, and continued to invest in strategic growth initiatives while returning value to shareholders.

Safety Focus

ArcelorMittal prioritized employee health and well-being with a LTIF rate of 0.70x in FY 2024, improving from 0.92x in FY 2023. The company developed business-specific plans to implement recommendations from a comprehensive safety audit.

Resilient Operating Results

FY 2024 EBITDA reached $7.1 billion, reflecting an EBITDA per tonne of $130. This performance highlights structural business improvements and the advantages of regional and product diversification despite a challenging market environment.

Adjusted Net Income

For FY 2024, net income was $1.3 billion, impacted by non-cash and exceptional items totaling $1.0 billion. Adjusted net income stood at $2.3 billion, with an adjusted basic EPS of $2.95.

Cash Flow and Shareholder Returns

ArcelorMittal generated $4.9 billion in operating cash flow and invested $1.3 billion in strategic growth projects. The company returned $1.7 billion to shareholders and allocated $0.6 billion to M&A, achieving an all-in cash yield of 8.4% while maintaining a strong balance sheet.

Financial Strength

At the end of 2024, net debt was $5.1 billion with gross debt of $11.6 billion and cash and cash equivalents of $6.5 billion. Year-end liquidity stood at $12.0 billion, underscoring the company's robust financial position.

Share Repurchases

In 2024, ArcelorMittal repurchased 52 million shares, reducing the total shares outstanding by 6.3%. Since September 2020, the fully diluted share count has decreased by 37%, with the book value per share at $64.

Strategic Growth Initiatives

The company is advancing high-return growth projects expected to increase EBITDA by $1.9 billion. Key projects include expansions in Liberia and new facilities in the US, enhancing production capacity and operational efficiency.