Company: MT
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001243429-25-000067
Chunk: 36

Company: ArcelorMittal
Filing Date: 2025-08-01
Form: 6-K
Chunk 36
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% Notes and $890 million outflow relating to share buyback, partly offset by $989 million net inflow from the issuance of $500 million Fixed Rate Notes due 2034 and $500 million Fixed Rate Notes due 2054 and $224 million inflow from commercial paper. Net cash used in financing activities for the six months ended June 30, 2024 also included $284 million of dividend payments (of which $200 million paid to ArcelorMittal shareholders and $84 million paid to non-controlling shareholders).

For additional information, see note 9 to the interim condensed consolidated financial statements.

| 22 |     | Interim Management Report |

Business overview continued

Earnings distribution

On May 6, 2025 at the annual general meeting of shareholders, the shareholders approved the dividend of $0.55 per share proposed by the Board of Directors. The dividend amounted to $421 million and payment includes two installments; the first one of $210 million was paid on June 11, 2025 and the second one will be paid on December 3, 2025.

Equity

Equity attributable to the equity holders of the parent increased to $54.4 billion at June 30, 2025, compared with $49.2 billion at December 31, 2024, primarily due to $2.6 billion of net income attributable to the equity holders of the parent and $3.3 billion of foreign exchange translation gains, partially offset by share buyback of $0.3 billion under the completed share buyback program dated May 5, 2023, and the existing share buyback program announced on April 7, 2025, and approved dividend of $0.4 billion. See "Corporate Governance" below.

Treasury shares

ArcelorMittal held 92.3 million shares in treasury at June 30, 2025 compared to 84.3 million shares at December 31, 2024. At June 30, 2025, the number of treasury shares represented 10.8% of the total issued number of ArcelorMittal shares. The treasury shares were impacted by the share buyback described in "Corporate Governance" below.

Research and development, patents and licenses

Research and development expense (included in selling, general and administrative expenses) was $153 million for the six months ended June 30, 2025 as compared to $149 million for the six months ended June 30, 2024.