ArcelorMittal South Africa Limited (JSE:ACL)

South Africa · Delayed Price · Currency is ZAR · Price in ZAc

148.00

+1.00 (0.68%)

Aug 19, 2026, 5:00 PM SAST

JSE:ACL Financials Overview

Financials in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	27,211	32,291	38,596	41,637	40,771	39,708
Revenue Growth	-15.73%	-16.34%	-7.30%	2.12%	2.68%	61.13%
Gross Profit	5,786	6,730	8,671	10,649	13,921	18,553
Operating Income	-2,494	-2,174	-3,765	-822	3,499	7,973
Net Income	-3,327	-3,012	-5,839	-3,920	2,634	6,625
Earnings Per Share	-2.98	-2.70	-5.24	-3.52	2.36	5.94
EPS Growth	-	-	-	-	-60.27%	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Steel Operations	28,003	32,846	37,263	40,885	38,765	37,250
Non-Steel Operations	1,439	1,600	1,626	907	2,049	2,508
Adjustments and Eliminations	-133	-234	-293	-155	-43	-50
Total	29,132	34,212	38,596	41,637	40,771	39,708

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	1,126	859	1,327	2,489	3,392	4,652
Total Debt	10,424	9,372	8,886	6,888	6,402	5,999
Net Cash (Debt)	-9,298	-8,513	-7,559	-4,399	-3,010	-1,347
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-8.34	-7.64	-6.78	-3.95	-2.70	-1.21

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-2,645	-23	384	978	416	2,763
Capital Expenditures	-754	-988	-932	-1,480	-1,897	-854
Free Cash Flow	-3,399	-1,011	-548	-502	-1,481	1,909
Free Cash Flow Growth	-	-	-	-	-	1379.85%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	21.26%	20.84%	22.47%	25.58%	34.14%	46.72%
Operating Margin	-9.16%	-6.73%	-9.75%	-1.97%	8.58%	20.08%
Pretax Margin	-12.25%	-9.35%	-15.12%	-9.31%	6.46%	16.68%
Profit Margin	-12.23%	-9.33%	-15.13%	-9.41%	6.46%	16.68%
FCF Margin	-12.49%	-3.13%	-1.42%	-1.21%	-3.63%	4.81%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 20, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	-	-	2.01	1.49
Forward PE	-	1.67	4.47	5.96	1.31	3.61
P/FCF Ratio	-	-	-	-	-	5.19
PS Ratio	0.08	0.06	0.04	0.04	0.13	0.25