ArcelorMittal S.A. Non-GAAP EPS of $0.62 beats by $0.05, revenue of $15.66B beats by $240M

* ArcelorMittal S.A. press release [https://seekingalpha.com/pr/20295942-arcelormittal-reports-third-quarter-2025] (MT [https://seekingalpha.com/symbol/MT]): Q3 Non-GAAP EPS of $0.62 beats by $0.05.
* Revenue of $15.66B (+3.0% Y/Y) beats by $240M.
* 3Q 2025 EBITDA of $1.5B, with a margin of $111/tonne.
* Financial strength maintained: Net debt increased to $9.1B at the end of the quarter (gross debt of $14.9B and cash and cash equivalents of $5.7B as of September 30, 2025) from $8.3bn as of June 30, 2025.
* Over the past 12 months, the company has generated investable cash flow (net cash provided by operating activities less maintenance/normative capex) of $1.5B.
* Over the same period, the Company has invested $1.2bn in strategic capex projects to enhance long-term EBITDA capacity, returned $0.8B to shareholders via dividends/buybacks, and deployed $0.2B to M&A.
* OUTLOOK: Organic growth: The Group's strong financial position (positive FCF outlook for 2025 and beyond) enables the consistent funding of organic growth projects to support future profitability and investable cash flow.
* The Group’s high return strategic growth projects, together with the impact of recent M&A, are expected to increase future EBITDA potential by $2.1B including $0.7B and $0.8B targeted in 2025 and 2026, respectively
* Consistent shareholder returns: In addition to its base dividend ($0.55/sh, paid in 2 equal instalments), the company will continue to return a minimum of 50% of post-dividend annual free cash flow to shareholders.
* Since September 2020, the company has used buybacks to reduce its fully diluted shares outstanding by 38%. So far in 2025, the company has repurchased 8.8m shares at a total cost of $262m.
* The company plans to cancel the majority of the 92.3m shares currently held in treasury before year-end

MORE ON ARCELORMITTAL S.A.

* ArcelorMittal: From Value To Patience - Why I Move To Hold [https://seekingalpha.com/article/4833952-arcelormittal-from-value-to-patience-why-i-move-to-hold]
* ArcelorMittal S.A. Q3 2025 Earnings Preview [https://seekingalpha.com/news/4515912-arcelormittal-s-a-q3-2025-earnings-preview]
* EU proposes tougher steel tariffs in bid to protect industry [https://seekingalpha.com/news/4502462-eu-proposes-tougher-steel-tariffs-in-bid-to-protect-industry]
* Seeking Alpha’s Quant Rating on ArcelorMittal S.A. [https://seekingalpha.com/symbol/MT/ratings/quant-ratings]
* Historical earnings data for ArcelorMittal S.A. [https://seekingalpha.com/symbol/MT/earnings]