Aperam published its third quarter 2026 results

Third quarter 2026 results “Transformation drives the best third quarter performance in four years” Luxembourg, November 6, 2026 (07:00 CET) – 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, 2026

Highlights

• Health and Safety: LTI frequency rate of 1.7 in Q3 2026 compared to 1.8 in Q2 2026
• Shipments of 540 thousand tonnes in Q3 2026, 10.9% decrease compared to shipments of 606 thousand tonnes in Q2 2026
• EBITDA of EUR 103 million in Q3 2026, compared to EBITDA of EUR 159 million in Q2 2026
• Adjusted EBITDA of EUR 105 million in Q3 2026, compared to Adjusted EBITDA of EUR 130 million in Q2 2026
• Net income of EUR 7 million in Q3 2026, compared to EUR 116 million in Q2 2026
• Basic earnings per share of EUR 0.09 in Q3 2026, compared to EUR 1.61 in Q2 2026
• Free cash flow before dividend amounted to EUR 68 million in Q3 2026, compared to EUR 106 million in Q2 2026
• Net financial debt of EUR 980 million as of September 30, 2026, compared to EUR 993 million as of June 30, 2026

Strategic initiatives

Leadership Journey® Phase 6: Gains reached EUR 18 million in Q3 2026 totalling to EUR 56 million in 9M 2026; target gains of EUR 150 million over the period 2026 to 2028

Prospects

• Q4 2026 adjusted EBITDA is expected to be slightly higher compared to Q3 2026
• Net financial debt expected with further reduction by year-end 2026

Sud Sivaji, CEO of Aperam, commented: “I am proud to report Q3 results for 2026, the best Q3 performance in 4 years. This performance in the context of the seasonality and the weak demand in Europe reinforces our hard work as we invest in expanding Aperam beyond Europe and beyond stainless production. A key goal of this transformation shines through in our benchmark cash performance – building businesses which aim to deliver at a structurally higher cash conversion ratio, as an integrated value chain. Our net financial debt continued to decrease even in Q3 and we are well on course to meet our deleveraging target for the end of 2027.”

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