Aperam publishes its Q2 2025 results

Aperam publishes its Q2 2025 results

Second quarter 2025 results “Delivering on Promises despite Headwinds” Luxembourg, July 31, 2025 (07:00 CEST) – Aperam S.A. (referred to as “Aperam” or the “Company”) (Amsterdam, Luxembourg, Paris, Brussels: APAM, NYRS: APEMY), announced today results for the three months ended June 30, 2025.

Highlights

  • Health and Safety: LTI frequency rate of 0.8x in Q2 2025 compared to 1.7x in Q1 2025
  • Shipments of 591 thousand tonnes in Q2 2025, 3% increase compared to shipments of 575 thousand tonnes in Q1 2025
  • Adjusted EBITDA of EUR 112 million in Q2 2025, compared to Adjusted EBITDA of EUR 86 million in Q1 2025
  • Net income of EUR 19 million in Q2 2025, compared to Pro Forma net income of EUR 7 million in Q1 2025
  • Basic earnings per share of EUR 0.25 in Q2 2025, compared to Pro Forma Basic earnings per share of EUR 0.09 in Q1 2025
  • Free cash flow before dividend amounted to EUR 157 million in Q2 2025, compared to EUR (574) million, after EUR (415) million paid for the acquisition of Universal in Q1 2025
  • Net financial debt of EUR 1,143 million as of June 30, 2025, compared to EUR 1,235 million, including EUR 517 million for the absorption of the enterprise value of Universal, as of March 31, 2025

Strategic initiatives

Leadership Journey® 3 Phase 5: Gains reached EUR 20 million in Q2 2025 and a cumulative EUR 136 million versus target gains of EUR 200 million over the period 2024 to 2026

Prospects

  • Q3 2025 adjusted EBITDA is expected at a lower level versus Q2 2025
  • We expect Q3 2025 net financial debt to slightly decrease

Timoteo Di Maulo, CEO of Aperam, commented: “Aperam delivered a resilient performance in the second quarter, successfully improving our results and reducing leverage despite significant headwinds in Europe, where demand remains persistently depressed. Our differentiated portfolio with strong contributions from Brazil and Alloys has been the supporting factor. We’ve seen pricing pressure intensify throughout the quarter, adding another layer of complexity to an already challenging environment. As we look towards the second half of the year, the outlook remains full of uncertainties, however we are confident that with our trademark resilience and the added strength from our diversified portfolio we will continue to deliver value and further reduce our debt even in these difficult conditions.” 

Read our Press Releases:

Aperam publishes its Q2 2025 results
Our Vision

Our Vision

We are committed to establish Aperam as the leading value creator in the circular economy of infinite, world-changing materials.
Corporate Sustainability Report 2024

Corporate Sustainability Report 2024

Aperam announces the publication of its new Corporate Sustainability performance report for 2024.
Discover our stainless steel EV Battery Housing concepts

Discover our stainless steel EV Battery Housing concepts

Our exclusive EV Battery Housing concepts address critical challenges: cost, weight, crash resistance, fire resistance, manufacturability, and sustainability. Stainless steel outperforms aluminium and carbon steel with superior crash resistance, weight reduction, and lower cost.
Watch our New Series

Watch our New Series

Discover The Change Makers, Aperam’s inspiring video series highlighting stainless and alloy innovations driving carbon neutrality by 2050.
From e-mobility and hydrogen solutions to circular economy breakthroughs and sustainable packaging, join our experts redefining a sustainable future.

Select Your Product

Our Products

Stainless Steel

Corrosion resistant, high-strength, low-maintenance and aesthetically appealing.

Stainless Steel

Stainless steel can be found in many everyday objects. It also plays a prominent role in an array of industries, including energy production, transportation, construction, research, medicine, food and logistics. 

Alloys

High performing Nickel and Cobalt alloys.

Alloys

Alloys serve high-tech markets with specific process requirements. What differentiates our Ni-Co alloys is their exceptional performance in high-temperatures, along with their thermal, magnetic, and corrosion resistant properties.

Electrical Steel

High permeability for increased energy and cost efficiency.

Electrical Steel

Our electrical steels’ offer the high magnetic properties electrical equipment manufacturers need to reduce energy consumption and carbon emissions. Other uses include hydro-generators, transformers, refrigerator compressors and electric motors. 

Carbon Steel

Meeting the stringent requirements of our customers.

Carbon Steel

Our medium-, high- and alloyed carbon steels are available as hot rolled coils (thickness range from 2 to 12.70 mm), heavy plates (thickness range from 16 mm up to 38 mm) and slabs (200 mm thickness) in widths between 980 and 1,500 mm.

A Global Player.
An Environmental
Champion.

Not only is Aperam a global player in the stainless, electrical and specialty steel markets, we’re also a global leader in environmental sustainability.

40

countries

2.2

million tonnes of flat stainless and electrical steel capacity in Brazil and Europe

6

production facilities located in Brazil, Belgium and France. Highly integrated distribution, processing and services network.

0.3*

tons of CO2e per ton of crude steel: industry leading carbon footprint (*scope 1+2 net intensity in 2024) Figures ‘all tons’, including sequestration

Aperam publishes its Q2 2025 results

Aperam publishes its Q2 2025 results

Sustainability Report 2024

Sustainability Report 2024

Fraud Alert – Beware of Fake Websites and Impersonators

Fraud Alert – Beware of Fake Websites and Impersonators

Introducing Insights: Aperam’s New Blog

Introducing Insights: Aperam’s New Blog

Sustainability Report 2023

Sustainability Report 2023

Nexa Resources

Nexa Resources

Nexa Resources advances in the acquisition of 10,000 tons of bio-oil from Aperam BioEnergia to reduce emissions when producing zinc oxide

BSH confirms decarbonization strategy with selection of Aperam infinite™ near-zero carbon stainless steel

BSH confirms decarbonization strategy with selection of Aperam infinite™ near-zero carbon stainless steel

Aperam Published its Third Quarter 2023 Results

Aperam Published its Third Quarter 2023 Results

Read our Press Releases

Aperam infinite™

Aperam infinite™

Our premium product line of near-zero carbon footprint stainless, electrical and carbon steels

Aperam published its second quarter 2023 results

Aperam published its second quarter 2023 results

Read our Press Releases

Contact request

Whether it be a general question about Aperam or assistance choosing the right products for your project, our experts are standing by and ready to help

    (*) The field is required.