Company: ZEUS
Filing Date: 2025-10-28
Form Type: 425
Source: 0001437749-25-032012
Chunk: 7

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-28
Form: 425
Chunk 7
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 Company does not report tons sold for McCullough Industries, EZ-Dumper, Metal-Fab, or MetalWorks in the Carbon Flat Products  Segment, Shaw Stainless in the Specialty Metals Flat Products Segment or for the entire Tubular and Pipe Products Segment. |

<div align='center'>Other Information

(in thousands, except per-share and ratio data)</div>

|                           |     |   |         As of 
 September 30, 
          2025 |     |   |        As of 
 December 31, 
         2024 |
|:--------------------------|:----|:--|--------------:|:----|:--|-------------:|
| Assets                    |     |   |               |     |   |              |
| Flat-products             |     | $ |       728,754 |     | $ |      695,880 |
| Tubular and pipe products |     |   |       360,345 |     |   |      347,469 |
| Corporate                 |     |   |           959 |     |   |        1,147 |
| Total assets              |     | $ |     1,090,058 |     | $ |    1,044,496 |

|                                |     |   |         As of 
 September 30, 
          2025 |     |   |        As of 
 December 31, 
         2024 |
|:-------------------------------|:----|:--|--------------:|:----|:--|-------------:|
| Shareholders' equity per share |     | $ |         51.72 |     | $ |        51.54 |
| Debt to equity ratio           |     |   |     0.42 to 1 |     |   |    0.47 to 1 |

|                                    |     | Nine Months Ended September 30, |   2025 |     |   |   2024 |
|:-----------------------------------|:----|:--------------------------------|-------:|:----|:--|-------:|
| Net cash from operating activities |     | $                               | 59,534 |     | $ | 19,114 |
| Cash dividends per share           |     | $                               |   0.48 |     | $ |   0.45 |