ArcelorMittal tripled its net profit in Q1

Global steelmaker ArcelorMittal significantly improved its financial results on a quarterly basis in the first quarter of 2026. Net income rose to $575 million, a 225% increase compared to the fourth quarter of 2025, but remained 28.6% lower year-on-year.

The company’s revenue for January–March was $15.46 billion, up 3.2% quarter-on-quarter and 4.5% year-on-year. EBITDA (earnings before interest, taxes, depreciation, and amortization) reached $1.68 billion, up 5.4% from the previous quarter and 6.3% year-on-year. Operating income rose to $753 million (+130% quarter-on-quarter), although it declined by 8.7% year-on-year.

The company attributes the improvement in quarterly results to the resumption of operations in key regions and rising steel prices. At the same time, annual performance remains under pressure from weaker demand and underutilized capacity.

“First-quarter results were resilient despite the volatile backdrop in the Middle East, and EBITDA of $131/t reflects the benefits of our diversified asset portfolio and the consistent execution of our strategy,” said CEO Aditya Mittal.

The company expects further improvement in market conditions, particularly in Europe, thanks to the implementation of the CBAM and new tariff quotas, which are intended to limit imports and support capacity utilization.

As reported by GMK Center, ArcelorMittal increased its net profit by 135.4% year-on-year in 2025 compared to 2024, reaching $3.15 billion. The company’s EBITDA decreased by 7.3% year-on-year – to $6.54 billion. Operating income amounted to $3.63 billion, up 9.6% year-on-year. Revenue decreased by 1.7% year-on-year – to $61.35 billion.