)
Visual24 Oct 2025
The rise of Alphabet
ArcelorMittal (MT) investor relations material
ArcelorMittal Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary31 Jul, 2025
Executive summary
2Q 2025 EBITDA reached $1.9bn with a $135/ton margin, reflecting asset optimization and strategic growth; net income was $1.8bn, with $0.8bn exceptionals; adjusted net income was $1.0bn.
Record iron ore production and shipments from Liberia; Calvert's new 1.5Mt EAF in the U.S. commissioned; India renewables project reached industrial scale.
Net debt increased to $8.3bn, mainly due to M&A, including full consolidation of Calvert, Tuper, and AMTBA; liquidity at $11.0bn.
Completed acquisition of Nippon Steel's 50% stake in Calvert, gaining full control of a key North American facility; further acquisitions in Brazil and North America to accelerate growth.
Share buybacks reduced fully diluted shares by 38% since September 2020, with $262m repurchased in 2025.
Financial highlights
2Q 2025 sales were $15.9bn, up 7.6% sequentially; operating income was $1.9bn, up from $825m in 1Q 2025.
Net income attributable to equity holders was $1.8bn in 2Q 2025 (EPS $2.35), up from $805m in 1Q 2025; adjusted net income was $1.0bn (adjusted EPS $1.32).
EBITDA for 2Q 2025 was $1.86bn, up 17.7% sequentially; EBITDA/tonne was $135.
Net cash provided by operating activities in 2Q 2025 was $1.4bn; free cash inflow of $0.5bn; capex for the quarter was $0.9bn.
1H 2025 sales were $30.7bn, down 5.6% year-over-year due to lower average steel selling prices.
Outlook and guidance
Ongoing tariff headwinds and subdued economic activity, especially in the U.S.; U.S. flat product steel consumption now forecast to decline slightly in 2025.
Europe expected to see flat product ASC growth between -0.5% and +1.5% in 2025; Brazil demand revised up to 2% growth; India remains strong at 6-7% growth.
World ex-China ASC expected to grow by 1.5-2.5% in 2025, below initial guidance.
Strategic growth projects and Calvert consolidation to support 2H 2025 profitability; free cash flow expected to be positive for 2025.
Capex for 2025 guided at $4.5-5.0bn, including $1.4-1.5bn for strategic growth and $0.3-0.4bn for decarbonization.
What's the expected EBITDA impact from growth?
Assess EU's Steel and Metals Action Plan progress.
Explain the impact of Section 232 tariffs.
How will tariffs impact Calvert's profitability?
When will the second EAF decision be made?
What's the timeline for Liberia's concentrate lines?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next ArcelorMittal earnings date
Q3 20256 Nov, 2025
Next ArcelorMittal earnings date
Q3 20256 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
ArcelorMittal S.A., owns and operates steel manufacturing and mining facilities in many parts of the world. The company engages in the production of flat steel products, long products, and coated products, as well as processing operations related to steel and other metals. It operates through Europe & North America, Asia Pacific, African Operations, Indian Subcontinent & Middle East, and Latin America segments. ArcelorMittal S.A., is based in Luxembourg city, Luxembourg.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage