Company: MT
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001243429-25-000067
Chunk: 50

Company: ArcelorMittal
Filing Date: 2025-08-01
Form: 6-K
Chunk 50
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, the Company adopted 'Lack of Exchangeability (Amendments to IAS 21)' as published by the IASB on August 15, 2023 and that contains guidance to specify when a currency is exchangeable and how to determine the exchange rate when it is not and how an entity determines the exchange rate to apply when a currency is not exchangeable. The amendments also require the disclosure of additional information when a currency is not exchangeable. The adoption of this amendment did not have a material impact on Company's Interim Financial Statements. Use of judgment and estimates

The preparation of Interim Financial Statements in conformity with IFRS recognition and measurement principles requires the use of estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Management reviews its estimates on an ongoing basis using currently available information. Changes in facts and circumstances or obtaining new information or more experience may result in revised estimates, and actual results could differ from those estimates.

NOTE 2 – INVENTORIES

Inventory, net of the allowance for slow-moving inventory, excess of cost over net realizable value and obsolescence as of June 30, 2025 and December 31, 2024, is comprised of the following:

|                                                |     |        | June 30, 2025 |     |        | December 31, 2024 |
|:-----------------------------------------------|:----|-------:|:--------------|:----|-------:|:------------------|
| Finished products                              |     |  6,070 |               |     |  4,853 |                   |
| Production in process                          |     |  5,097 |               |     |  4,177 |                   |
| Raw materials                                  |     |  5,286 |               |     |  5,245 |                   |
| Manufacturing supplies, spare parts and other1 |     |  2,673 |               |     |  2,226 |                   |
| Total                                          |     | 19,126 |               |     | 16,501 |                   |

1. Manufacturing supplies, spare parts and other consist of spare parts of 2.1billion and manufacturing and other of 0.6billion as of June 30, 2025. Manufacturing supplies, spare parts and other consist of spare parts of 1.7billion and manufacturing and other of 0.5billion as of December 31, 2024.

The amount