Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 496

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 496
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2023 |     |  2022 |
|:--------------------------------------------------------------------------------------------------------------|------------------------:|:----|-----:|:----|------:|
| Net income attributable to equity holders of the parent                                                       |                   1,339 |     |  919 |     | 9,302 |
| Weighted average common shares outstanding (in millions) for the purposes of basic earnings per share         |                     788 |     |  842 |     |   911 |
| Incremental shares from assumed conversion of restricted share units and performance share units (inmillions) |                       3 |     |    3 |     |     3 |
| Weighted average common shares outstanding (in millions) for the purposes of diluted earnings per share       |                     791 |     |  845 |     |   914 |

11.4 Dividends Calculations to determine the amounts available for dividends are based on ArcelorMittal’s separate financial statements (“ArcelorMittal S.A.”) which are prepared in accordance with IFRS , as endorsed by the European Union. ArcelorMittal S.A. has no significant manufacturing operations of its own and generates its profit mostly from financing activities and the management fees/industrial franchise agreements with Group companies. Accordingly, it can only pay dividends or distributions to the extent it is entitled to receive cash dividend distributions from its subsidiaries’ recognized gains, profit generated by its own activities, from the sale of its assets or share premiums from the issuance of common shares. Dividends are declared in U.S. dollar and are payable in either U.S. dollar or in euros.

306

| Consolidated financial statements                          |
| (millions of U.S. dollar, except share and per share data) |

| Description                      
 Dividend for financial year 2021 
 Dividend for financial year 2022 | Approved by                                            
 Annual general shareholders’ meeting on May 4, 2022    
 Annual general shareholders’ meeting on May 2, 2023    |     | Dividend pershare (in $) 
                     0.38 
                     0.44 |     | Payout date                       
 June 10, 2022                     
 June 15, 2023 andDecember 7, 2023 |     | Total (inmillions of $) 
                     332 
                     369 |
|:---------------------------------|:-------------------------------------------------------|:----|-------------------------:|:----|:----------------------------------|:----|