Aperam Update on Q2 2025 Financial Trends

Aperam expects its adjusted EBITDA to improve in the second quarter of 2025, compared to €86 million in Q1. The company also anticipates a reduction in its net financial debt, below the €1.235 billion recorded at the end of Q1. However, current commodity prices suggest a negative valuation effect similar to that of Q1. This could result in a €10 million delta for Q2.

In Brazil, the market remains stable in terms of demand and volume, aligned with the adjusted EBITDA target of €100 million to €120 million for 2025. While the alloys sector remains robust in Europe, pricing pressure intensified in Q2, with realized prices lower than in Q1.