ArcelorMittal has commenced the second tranche of its share buyback programme, covering up to 10 million shares, following the completion of the first tranche. The company repurchased 10 million shares in the initial phase at an average purchase price of €49.32 per share. These repurchased shares are currently held in treasury and will be cancelled in due course. The second tranche begins immediately under the authorization granted by the annual general meeting of shareholders on 6 May 2025.

The share buyback programme spans from 2025 to May 2030. The actual volume of shares repurchased in various tranches depends on the level of post-dividend free cash flow generated, continued shareholder authorization, and market conditions. ArcelorMittal’s policy is to return a minimum of 50% of post-dividend annual free cash flow to shareholders.

Objectives of the Programme

The shares acquired under the programme are intended for specific corporate purposes:

• Reduce ArcelorMittal’s share capital
• Meet obligations arising from employee share programmes

Programme Details

ArcelorMittal has filed its 2025 Payments to Governments in respect of extractive activities report, providing a consolidated overview of payments made by the company and its subsidiaries to governments regarding its mining operations. The disclosure complies with reporting requirements under Luxembourg law and is available for download from the company's corporate website.

The filing covers payments made during the 2025 financial year. The document details the financial contributions made to governments in jurisdictions where ArcelorMittal conducts extractive activities.

Operational Performance

In 2025, ArcelorMittal reported revenues of $61.4 billion. The company's production metrics included 55.6 million metric tonnes of crude steel and 48.8 million tonnes of iron ore.

Corporate Profile

ArcelorMittal operates as an integrated steel and mining company with a presence in 60 countries and primary steelmaking operations in 14 countries. It is the largest steel producer in Europe and among the largest in the Americas. The company has a growing presence in Asia through its joint venture AM/NS India.

The company sells its products to customers in the automotive, engineering, construction, and machinery industries. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT), and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid, and Valencia (MTS).