Global steel and mining giant ArcelorMittal recorded a net profit of $2.97 billion in the first nine months of 2025, marking a 72.1% increase compared to the same period in 2024, according to the company’s latest financial report.
Despite the rise in profit, the company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) declined by 8.4% year-on-year to $4.95 billion, while operating income grew by 18.7% to $3.3 billion. Revenue for the January–September period fell slightly by 2.8% year-on-year to $46.38 billion.
In the third quarter of 2025, ArcelorMittal reported a net profit of $377 million, down 79% quarter-on-quarter but up 31.4% year-on-year. EBITDA stood at $1.51 billion (-18.9% q/q; -4.6% y/y), and operating income reached $544 million (-71.8% q/q; -17.9% y/y). Quarterly revenue slipped 1.7% q/q but rose 3% y/y to $15.66 billion.
As previously reported by GMK Center, ArcelorMittal reduced steel output by 0.3% year-on-year to 57.9 million tons in 2024, while iron ore production increased 0.9% to 42.4 million tons. Steel shipments to customers totaled 54.3 million tons (-2.3% y/y), and iron ore shipments (from AMMC and Liberia) remained steady at 26.4 million tons.
In 2024, the company’s net profit fell by 52.2% compared to 2023, reaching $2.33 billion, while EBITDA declined 19.3% to $7.05 billion. However, operating income increased 41.4% year-on-year to $3.31 billion.
ArcelorMittal remains one of the world’s leading steel and mining corporations, operating in 60 countries with production assets in 18.
