Exclusive ArcelorMittal reported $2.6 billion in net profit in 1H2025

The company's revenue for the period amounted to $30.72 billion

Global steelmaker ArcelorMittal increased its net profit by 80.2% in January-June 2025 compared to the same period in 2024, to $2.598 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 six months decreased by 9.9% year-on-year to $3.440 billion. Operating income amounted to $2.757 billion, up 30.2% year-on-year.

ArcelorMittal’s revenue for the past six months decreased by 5.5% y-o-y to $30.724 billion.

In the second quarter, the company’s net profit amounted to $1.793 billion (+123% q-o-q; +256% y-o-y), EBITDA – $1.860 billion (+17.7% q-o-q; -0.1% y-o-y), operating income – $1.932 billion (+134% q-o-q; +84.7% y-o-y). Revenue increased by 7.6% q-o-q and decreased by 2% y-o-y – to $15.926 billion.

«As expected, we showed improvement in the second quarter: EBITDA per ton reached a healthy level. The business remains strong, although, like all companies, we are forced to operate in an environment of geopolitical instability and tariff barriers. We continue to implement our strategic growth program, which, together with recent M&A deals, should deliver $2.1 billion of additional EBITDA,» said ArcelorMittal CEO Aditya Mittal.

The company has also completed the transformation of its Calvert plant in the US.

“We have transformed it into a low-carbon steel production site capable of producing the highest quality steel. Calvert will become ArcelorMittal’s new center of excellence in the US,” said the CEO.

Among the achievements are record production volumes in Liberia, where a new enrichment plant was recently launched. According to Mittal, the company will continue to invest in growth while ensuring stable returns for shareholders.

As GMK Center reported earlier, ArcelorMittal reduced steel production by 0.3% in 2024 compared to 2023, to 57.9 million tons. Iron ore production for the period increased by 0.9% y-o-y, to 42.4 million tons. Steel shipments to customers during this period amounted to 54.3 million tons (-2.3% y-o-y), and iron ore shipments (only for AMMC and Liberia) amounted to 26.4 million tons (+0% y-o-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 steel and mining company with a presence in 60 countries and production assets in 18 countries.