Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 213

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 213
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                    |     |                 -71 |     | 19.00%                   |     |                  49 |     | 19.00%                   |
| South Africa    |                 -86 |     | 27.00%                    |     |                 -58 |     | 27.00%                   |     |                  47 |     | 27.00%                   |
| Spain           |                  -8 |     | 25.00%                    |     |                  -1 |     | 25.00%                   |     |                  26 |     | 25.00%                   |
| Ukraine         |                 -39 |     | 18.00%                    |     |                 -56 |     | 18.00%                   |     |                -267 |     | 18.00%                   |
| United States   |                  68 |     | 21.00%                    |     |                  83 |     | 21.00%                   |     |                 103 |     | 21.00%                   |
| Others          |                  -9 |     |                           |     |                  -8 |     |                          |     |                  53 |     |                          |
| Total           |                 582 |     |                           |     |                 454 |     |                          |     |               2,818 |     |                          |

*The statutory tax rates are the (future) rates enacted or substantively enacted by the end of the respective period. Non-controlling interests Net income attributable to non-controlling interests was $41 million, $103 million and $236 million for the years ended December 31, 2024, 2023 and 2022, respectively. Net income attributable to non-controlling interests decreased in 2024 compared to 2023 and 2022 primarily as a result of lower operating performance. Net income attributable to equity holders of the parent ArcelorMittal’s net income attributable to equity holders of the parent was $1.3 billion , $0.9 billion and $9.3 billion for the years ended December 31, 2024, 2023 and 2022, respectively.

113

| Management report |

Liquidity and capital resources ArcelorMittal’s principal sources of liquidity are cash generated from its operations and its credi t facilities at the corporate level. Because ArcelorMittal is a holding company, it is dependent upon the earnings and cash flows of, as