Luxembourg-headquartered steel manufacturer ArcelorMittal has announced its results for the second quarter (Q2) of 2025.
During the three-month period ended 30 June 2025, net income rose to $1.8 billion, up from $805 million in Q1 2025 and $504 million in Q2 2024. Adjusted net income stood at $1.0 billion. Sales totalled $15.93 billion, up from $14.80 billion in Q1 2025 but slightly down from $16.25 billion in Q2 2024.
EBITDA reached $1.86 billion, with a margin of $135 per tonne, compared to $1.58 billion (at $116/t) in the previous quarter. Net debt increased to $8.3 billion at the end of the quarter, up from $6.72 billion at the end of Q1 2025, primarily due to M&A activity. Liquidity remained strong at $11.0 billion. S&P upgraded ArcelorMittal’s credit rating to BBB during the quarter.
Commenting on these results, ArcelorMittal CEO Aditya Mittal said: “Half-way through the year, it is encouraging that we are seeing an improvement in our safety results compared with 2024. […] Turning to the financial performance, as anticipated we saw an improved quarter, with EBITDA per tonne reaching a healthy $135.”
Looking ahead, Aditya Mittal noted that the Group remains focused on executing its strategic growth agenda while managing continued uncertainty linked to geopolitical tensions, tariffs and pending European policy decisions.
The full report is available online at: https://corporate.arcelormittal.com/media/press-releases/arcelormittal-1h-q2
