Luxembourg-headquartered steel manufacturer ArcelorMittal has announced its results for the first quarter (Q1) of 2025.
During the three-month period ended 31 March 2025, net income fell by 14.18% compared to Q1 2024, from $938 million to $805 million, and sales fell by 9.11%, from $16.28 billion to $14.8 billion. Compared to the previous quarter (Q4 2024), sales were up by approximately 0.57% (from $14.7 billion).
ArcelorMittal posted a net debt of $6.72 billion at the end of the quarter (gross debt of $12.04 billion and cash and cash equivalents of $5.32 billion), compared to a net debt of $5.08 billion on 31 December 2024 (end of Q4 2024).
Commenting on these results, ArcelorMittal CEO Aditya Mittal said that “from a financial perspective, it was another quarter of consistent delivery and robust margins, particularly given the geopolitical challenges”.
Looking ahead, Aditya Mittal noted "a measure of caution about the short-term outlook is appropriate”. He added that “heightened uncertainty around the terms of global trade is hurting business confidence and risks causing further economic disruption if not quickly resolved”.
The full report is available online at https://corporate.arcelormittal.com/media/press-releases/arcelormittal-reports-first-quarter-2024-results.
