Aperam published its second quarter 2026 results

Second quarter 2026 results “All businesses delivering — best quarter in four years despite headwinds” Luxembourg, July 30, 2026 (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, 2026

Highlights

• Health and Safety: LTI frequency rate of 1.8 in Q2 2026 compared to 1.4 in Q1 2026
• Shipments of 606 thousand tonnes in Q2 2026, 1.8% decrease compared to shipments of 617 thousand tonnes in Q1 2026
• EBITDA of EUR 159 million in Q2 2026, compared to EBITDA of EUR 90 million in Q1 2026
• Adjusted EBITDA of EUR 130 million in Q2 2026, compared to Adjusted EBITDA of EUR 90 million in Q1 2026
• Net income of EUR 116 million in Q2 2026, compared to EUR 3 million in Q1 2026
• Basic earnings per share of EUR 1.61 in Q2 2026, compared to EUR 0.04 in Q1 2026
• Free cash flow before dividend amounted to EUR 106 million in Q2 2026, compared to EUR (44) million in Q1 2026
• Net financial debt of EUR 993 million as of June 30, 2026, compared to EUR 1,057 million as of March 31, 2026

Strategic initiatives

Leadership Journey® Phase 6: Gains reached EUR 20 million in Q2 2026 totalling to EUR 38 million in H1 2026; target gains of EUR 150 million over the period 2026 to 2028

Prospects

• Q3 2026 adjusted EBITDA is expected to be lower compared to Q2 2026 due to seasonal pattern
• Net financial debt expected to remain flat at Q3 2026, with further reduction by year-end 2026

Sud Sivaji, CEO of Aperam, commented: “I am proud to report that the second quarter of 2026 has been our best quarter in four years, highlighted by a 44% surge in Adjusted EBITDA to EUR 130 million, driven by strong performance in all our businesses, with the Stainless & Electrical Steel and Recycling & Renewables segments returning to strength. Our benchmark-focus on converting performance into cash across our integrated value chain continues to reduce our debt despite increase in raw material prices across H1. Looking ahead to the third quarter, while we are encouraged by supportive EU safeguards, we anticipate that the typical summer seasonality will result in a lower EBITDA compared to our exceptional Q2 performance. Nevertheless, our performance in a quarter with no demand support and inflationary effects from energy shows the structural improvements from our ongoing Leadership Journey® 6 and signals that we remain resilient, agile and well-positioned for the future.”

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