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.”
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