0,13%Aperam publishes its Q3 2025 results
Aperam publishes its Q3 2025 results
Third quarter 2025 results:
“Self-help generates cash and boosts competitiveness despite headwinds”
Luxembourg, November 7, 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 September 30, 2025.
Highlights
- Health and Safety: LTI frequency rate of 2.4x in Q3 2025 compared to 0.8x in Q2 2025
- Shipments of 567 thousand tonnes in Q3 2025, 4.1% decrease compared to shipments of 591 thousand tonnes in Q2 2025
- EBITDA of EUR 74 million in Q3 2025, compared to EBITDA of EUR 112 million in Q2 2025
- Net loss of EUR (21) million in Q3 2025, compared to net income of EUR 19 million in Q2 2025
- Basic earnings per share of EUR (0.28) in Q3 2025, compared to Basic earnings per share of EUR 0.25 in Q2 2025
- Free cash flow before dividend amounted to EUR 138 million in Q3 2025, compared to EUR 157 million in Q2 2025
- Net financial debt of EUR 1,045 million as of September 30, 2025, compared to EUR 1,143 million as of June 30, 2025
Strategic initiatives
Leadership Journey® Phase 5: Gains reached EUR 29 million in Q3 2025 and a cumulative EUR 165 million versus target gains of EUR 200 million over the period 2024 to 2026
Prospects
- Adjusted EBITDA in Q4 2025 is expected to be slightly lower compared to Q3 2025
- Net financial debt to decrease by more than 200 million as of end of 2025 compared to Q1 2025 peak (previous target EUR 200 million)
Timoteo Di Maulo, CEO of Aperam, commented: “While our third-quarter performance clearly reflects the seasonal slowdown and continued price pressure across all our businesses in Europe, we remain focused on our transformation and the factors within our control. I am pleased to report that we generated strong free cash flow of EUR 138 million, which allowed us to significantly reduce our net debt to EUR 1,045 million. This robust cash generation, along with excellent progress on our Leadership Journey® initiatives, demonstrates the underlying strength and resilience of our business model as we navigate these challenging market conditions and position ourselves for a recovery.”
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