ArcelorMittal posts higher Q4 revenue, EBITDA

ArcelorMittal SA

05/02/2026 06:10

Overview

Luxembourg steel and mining firm's Q4 revenue increased from a year ago

Q4 EBITDA increased modestly, driven by strategic investments and improved safety measures

Company announced an increase in annual base dividend for FY 2026

Outlook

Company expects world ex-China steel demand to grow by 2% in FY 2026

ArcelorMittal forecasts increased steel production and shipments across all regions in 2026

Company projects 2026 capex between $4.5 bln and $5.0 bln

Result Drivers

SAFETY IMPROVEMENTS - ArcelorMittal's safety transformation program led to significant improvements in safety metrics, now entering its second year

STRATEGIC INVESTMENTS - Record Liberia iron ore shipments and renewable energy projects in India supported EBITDA growth

EUROPEAN TRADE MEASURES - New trade measures in Europe expected to improve domestic steel market conditions and profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
$14.97 bln
Q4 Net Income
$177 mln
Q4 EBITDA
$1.59 bln
Q4 Operating income
$327 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "buy"

Wall Street's median 12-month price target for ArcelorMittal SA is €44.50, about 6.4% below its February 4 closing price of €47.54

Press Release: ID:nGNE6B1Pqy

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)