ArcelorMittal, one of the world’s largest integrated steel and mining companies, announced results for the first quarter of 2026, reporting lower profit but higher revenue and improved margins.
Net profit attributable to shareholders stood at USD 575 mln, down 28.6pct YoY from USD 805 mln. Revenue increased to USD 15.46 bln, up 4.5pct YoY from USD 14.8 bln a year earlier.
EBITDA reached USD 1.68 bln, rising 6.3pct YoY from USD 1.58 bln, while EBITDA per ton improved to USD 131 per ton from USD 116 per ton in Q1 2025.
Crude steel production totaled 13.3 mln tons, down 10.1pct YoY, while steel shipments stood at 12.8 mln tons, down 5.9pct YoY.
Total iron ore production reached 12.9 mln tons, up 9.3pct YoY, including 9.7 mln tons from AMMC and Liberia operations
Commenting on the results, Aditya Mittal said performance remained resilient despite geopolitical uncertainties, supported by the group’s diversified asset base and improved margins.
He added that recent policy developments in Europe, including CBAM and new trade measures, are expected to support higher capacity utilization and profitability, while ongoing strategic investments could add around USD 1.8 bln in incremental EBITDA over time.
The company said it remains confident in its outlook for 2026, supported by improved pricing conditions and demand, which are expected to offset potential impacts from the Iran conflict.