Company: MT
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001243429-25-000067
Chunk: 23

Company: ArcelorMittal
Filing Date: 2025-08-01
Form: 6-K
Chunk 23
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 net

|                                                             |     |      |      |     |      | Performance for the six months ended June 30, |     |     |        |
| (in $ millions)                                             |     |      | 2025 |     |      |                                          2024 |     |     | change |
| Net interest expense1                                       |     | -121 |      |     |  -70 |                                               |     | -51 |        |
| Foreign exchange and other net financing gains (losses)2, 3 |     |  123 |      |     | -513 |                                               |     | 636 |        |

1. interest expense less interest income. 2. includes foreign exchange gain of $356 million and loss of $310 million for the six month ended June 30, 2025 and 2024, respectively. Foreign exchange gain in the first half of 2025 is mainly related to the 12.8% depreciation of the U.S. dollar against the euro. 3. includes foreign currency swaps, bank fees, interest on pension obligations, impairment of financial instruments, revaluation of derivative instruments, and other charges that cannot be directly linked to operating results. Income tax ArcelorMittal’s income tax expense is affected by the income tax laws and regulations in effect in the various countries in which it operates and the pre-tax results of its subsidiaries in each of these countries, which can vary from year to year. ArcelorMittal operates in jurisdictions, mainly in Eastern Europe and Asia, which have a structurally lower corporate income tax rate than

the statutory tax rate as in effect in Luxembourg (23.87%), as well as in jurisdictions, mainly in Western Europe and the Americas which have a structurally higher corporate income tax rate. ArcelorMittal recorded an income tax expense of $454 million for the six months ended June 30, 2025, as compared to $472 million for the six months ended June 30, 2024, which included $134 million of deferred tax expense (including $0.2 billion related to the net reversal of a deferred tax asset) and $28 million of deferred tax benefit, respectively (see note 8 to the interim condensed consolidated financial statements). Non-controlling interests Net income attributable to non-controlling interests for the six months ended June 30, 2025 was $53 million as compared to $44 million for the six months ended June 30, 2024. Net income attributable to non-controlling interests