ArcelorMittal earned $805 million in net profit in Q1 2025

In January-March 2025, the global steel company ArcelorMittal increased its net profit by 6.3% compared to the same period in 2024 to $805 million. Compared to the previous quarter, the figure almost doubled. This is stated in the financial report published on the company’s website. The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) for the quarter decreased by 19.2% y/y and 4.5% q/q – to $1.58 billion. Operating income amounted to $825 million, down 23% y/y but up 56% q/q. ArcelorMittal’s revenue for the last quarter decreased by 9.1% y/y and increased by 0.6% q/q – to $14.8 billion. Aditya Mittal, CEO of ArcelorMittal, commented on the quarter’s results, noting that the company demonstrated stable financial performance despite the challenging geopolitical situation. 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/y – to $7.05 billion. Operating income amounted to $3.31 billion, up 41.4% y/y. ArcelorMittal is a leading global steel and mining company with operations in 60 countries and production assets in 18 countries.