Luxembourg-based ArcelorMittal (NYSE:MT), the world’s leading steel and mining company, reported financial results for the full year ended December 31, 2025.
EBITDA totaled $6.54 billion, net income was $3.15 billion, and basic earnings per share came in at $4.13.
Investable cash flow reached $1.9 billion, while year-end net debt stood at $7.9 billion with total liquidity of $11 billion.
Following the company's performance, the board proposed an annual dividend of $0.60 for fiscal 2025 and authorized continued share buybacks, reflecting confidence in the company’s cash generation and balance sheet strength.
Key operational highlights during the period under review included record iron ore shipments from Liberia and total iron ore production of 48.8 million tonnes.
For 2026, the company guided for capital expenditures of $4.5 billion to $5 billion, supporting ongoing investments in decarbonization, strategic growth projects, and asset optimization.