ArcelorMittal reports Q1 results

ArcelorMittal reported Q1 2025 net profit of $0.8 billion and EBITDA of $1.6 billion, demonstrating resilience despite low spreads. The company achieved higher margins, with EBITDA per tonne at $116, benefiting from a diversified asset portfolio. Iron ore production from Liberia and stable European operations contributed to strong performance.

A seasonal working capital investment of $1.7 billion led to a cash outflow of $1.4 billion and an increase in net debt to $6.7 billion, while liquidity stood at $10.8 billion. Over the last year, ArcelorMittal generated $4.6 billion in net cash flow, investing $1.2 billion in growth and paying $1.2 billion to shareholders.

Key projects, including iron ore expansions in Liberia and a new EAF in the U.S., are on track, while the company continues to focus on decarbonization and industry competitiveness.