ArcelorMittal SA’s loss from operations improved to R1.9 billion
Revenue for the period lowered to R32.3 billion (2024: R38.6 billion) and loss from operations improved to R1.9 billion (2024: loss of R4.4 billion). Loss for the year lessened to R2.9 billion (2024: loss of R5.8 billion). Furthermore, headline loss per share lowered to 301 cents per share (2024: headline loss of 458 cents per share).
Outlook for the first half of 2026
Safety is the Company’s highest priority as it remains committed to Zero Harm. Key focus will be the Health and Safety roadmap of the Company.
Significant effort is being invested in supporting the conclusion of discussions between the ArcelorMittal group and the IDC which, if successful, will positively position the Company for its medium and longer term journey.
The priority for 2026, heading into 2027, is to restore the remaining business, particularly the core Flats Business, to operating profitability. Supplementing this will be improved balance sheet resilience of the Company, which hinges on the reduction of borrowing levels.
Central to a return to operating profitability will be greater market relevance through a focus on availability, quality, service and pricing. Partnership and/or sales opportunities relating to non-core and non-operating assets will be evaluated based on commercial viability.
Trading conditions are expected to remain cautious in 2026 H1, though likely to improve later in year off the commitments based on expected interventions to address fair trade protections in 2026 Q1. Government’s undertakings to support the steel industry encompass localisation, fair steel trade tariffs, and tightening controls on illegal trade activities and tariff violations.
Current Rand strength against the Dollar represents a material risk to the first half outlook.
