ArcelorMittal earned $2.97 billion in net profit in January-September

Global steelmaker ArcelorMittal increased its net profit by 72.1% in January-September 2025 compared to the same period in 2024, to $2.97 billion, according to a financial report published on the company’s website.

The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) for the nine months decreased by 8.4% year-on-year to $4.95 billion. Operating income was $3.3 billion, up 18.7% year-on-year.

ArcelorMittal’s revenue in January-September decreased by 2.8% y/y – to $46.38 billion.

In Q3, the company’s net profit amounted to $377 billion (-79% q/q; +31.4% y/y), EBITDA – $1.51 billion (-18.9% q/q; -4.6% y/y), operating income – $544 billion (-71.8% q/q; -17.9% y/y). Revenue fell 1.7% q/q and grew 3% y/y to $15.66 billion.

«The company delivered stable results in a typically seasonally weak quarter. The core strength of the business is again evident in the structurally higher margin achieved in the first nine months of the year. Thanks to our strong balance sheet, we continue to develop the business towards higher capital returns, focusing strategic capital expenditure on low-cost markets with added value and exiting high-cost operations,» said Aditya Mittal, CEO of ArcelorMittal.

As reported by GMK Center, ArcelorMittal reduced steel production by 0.3% compared to 2023 to 57.9 million tons in 2024. Iron ore production for the period increased by 0.9% y/y – to 42.4 million tons. Steel shipments to customers during this period amounted to 54.3 million tons (-2.3% y/y), and iron ore shipments (only for AMMC and Liberia) amounted to 26.4 million tons (+0% y/y).

Over the past year, the company reduced its net profit by 52.2% compared to 2023, to $2.33 billion. EBITDA decreased by 19.3% y-o-y, to $7.05 billion. Operating income amounted to $3.31 billion, up 41.4% y-o-y.

ArcelorMittal is a leading global steelmaker and mining company with a presence in 60 countries and production assets in 18 countries.