Company: MT
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001243429-25-000067
Chunk: 56

Company: ArcelorMittal
Filing Date: 2025-08-01
Form: 6-K
Chunk 56
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30, 2025, ArcelorMittal had repurchased 6.8million shares for a total value of € 189million ( 204) at an average price per share of € 27.82($ 30.05). On April 7 2025, ArcelorMittal announced the commencement of a new share buyback program with share repurchases to be conducted in tranches that may be announced through May 2030. Repurchases under the first tranche of the program, which is for up to 10million shares, commenced immediately, under the authorization given by the annual general meeting of shareholders of April 30, 2024, and subsequently under the authorization of the annual general meeting of shareholders held on May 6, 2025. The actual amount of shares to be repurchased in various tranches pursuant to the program will depend on the level of post-dividend free cash flow generated over the period (the Company’s defined policy is to return a minimum of 50% of post-dividend annual free cash flow), the continued authorization by shareholders and market conditions. The shares acquired under the program are intended primarily to reduce ArcelorMittal’s share capital, to meet ArcelorMittal’s obligations arising from employee share programs and/or to meet such other purposes as announced at the time of each tranche. At June 30, 2025, ArcelorMittal had repurchased 2million shares for a total value of € 51million ( 58) at an average price per share of € 25.74($ 29.25). Treasury shares ArcelorMittal held 92.3million and 84.3million treasury shares, at June 30, 2025 and December 31, 2024, respectively. Non-controlling interests On June 30, 2025, Arceo completed a € 75million ( 88) capital decrease (the cash settlement will occur in the second half of 2025) pursuant to which the non-controlling interest held by Wallonie Entreprendre decreased by 97from 62.86% to 38.11%.

NOTE 8 – INCOME TAX

The tax expense for the period is based on an estimated annual effective rate for jurisdictions where the Group operates combined with the tax impact of the events that are recorded discretely within the reporting period.

The income tax expense was 454and 472for the six months ended June 30, 2025 and 2024,