Company: MT
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001243429-25-000067
Chunk: 24

Company: ArcelorMittal
Filing Date: 2025-08-01
Form: 6-K
Chunk 24
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 for the six months ended June 30, 2025 primarily relates to the non-controlling shareholders’ share of net income recorded in AMMC and Belgo Bekaert Arames in Brazil. Net income or loss attributable to equity holders of the parent ArcelorMittal’s net income attributable to equity holders of the parent for the six months ended June 30, 2025 was $2,598 million, or $3.40 basic earnings per common share, as compared to $1,442 million for the six months ended June 30, 2024, or $1.80 basic earnings per common share, for the reasons discussed above. Liquidity and capital resources ArcelorMittal’s principal sources of liquidity are cash generated from its operations and its credit facilities at the corporate level. Because ArcelorMittal is a holding company, it is dependent upon the earnings and cash flows of, and dividends and distributions from, its operating subsidiaries to pay expenses and meet its debt service obligations. Cash and cash equivalents are primarily centralized at the parent level and are managed by ArcelorMittal Treasury SNC, although from time to time cash or cash equivalent balances may be held at the Company’s international subsidiaries or its holding companies. Some of these operating subsidiaries have debt outstanding or are subject to acquisition agreements that impose restrictions on such operating subsidiaries’ ability to pay dividends, but such restrictions are not significant in the context of ArcelorMittal’s overall liquidity. Repatriation of funds from operating subsidiaries may also be affected by tax and foreign exchange policies in place from time to time in the various countries where the Company operates, though none of these policies are currently significant in the context of ArcelorMittal’s overall liquidity.

| Interim Management Report |     | 17 |

Business overview continued

In management’s opinion, ArcelorMittal’s credit facilities and working capital are adequate for its present requirements. The following table shows the Company's net debt and gearing as of June 30, 2025 and December 31, 2024:

| Net Debt1                                             |     |         |      |   |     |             |      |   |        |      |   |
|                                                       |     | June 30 |      |   |     | December 31 |      |   |        |      |   |
| in $ billions                                         |     |    2025 |      |   |     |        2024 |      |   | change |      |   |
| Long-term debt                                        |     |