Algoma Steel reported Q4 revenue of CAD 455.00 million, down 23%, and shipments of 378,533 tons, down 31%. Q4 loss from operations widened to CAD 449.70 million and net loss widened to CAD 364.70 million, while adjusted EBITDA loss increased to CAD 95.20 million and adjusted EBITDA margin fell to (20.9%), down 11 percentage points. For FY 2025, revenue was CAD 2.09 billion, down 15%, and shipments were 1,739,493 tons, down 14%. FY 2025 loss from operations widened to CAD 1.33 billion and net loss widened to CAD 984.90 million, while adjusted EBITDA swung to a loss of CAD 261.40 million and adjusted EBITDA margin declined to (12.5%), down 13 percentage points. Management cited 50% U.S. Section 232 tariffs, lower shipments, and accelerated transition to EAF steelmaking as key factors, and said the blast furnace shutdown was completed with all liquid steel now produced via EAF on a 24-hour schedule.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algoma Steel Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603111730PRIMZONEFULLFEED9670357) on March 11, 2026, and is solely responsible for the information contained therein.
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