Algoma Steel Group (NasdaqGM:ASTL) Q3 2025 Earnings Call October 30, 2025 11:00 AM ET Speaker2Please stand by. Greetings and welcome to the Algoma Steel Group Inc. third quarter 2025 earnings call. At this time all participants are in a listen-only mode. A question and answer session will follow the formal presentation. This call is being recorded. It is now my pleasure to introduce Michael Morocco, Vice President and Corporate Development and Treasurer. Please go ahead, sir.Speaker0Good morning everyone an ...

Financial Performance - Q3 2025 shipping volume was 419K NT, a decrease of 19% compared to 520K NT in Q3 2024 and a decrease of 11% compared to 472K NT in Q2 2025[21] - Steel revenue in Q3 2025 was $473 million, down 12% from $539 million in Q3 2024 and down 11% from $534 million in Q2 2025[21] - Adjusted EBITDA for Q3 2025 was $(87) million, a decrease of $91 million from $4 million in Q3 2024 and a decrease of $55 million from $(32) million in Q2 2025[21] - Net loss in Q3 2025 was $(485) million, a decrease of $378 million from $(107) million in Q3 2024 and a decrease of $374 million from $(111) million in Q2 2025[21] - Adjusted EBITDA margin for Q3 2025 was -166%[21] Strategic Initiatives - The company is accelerating the retirement of blast furnace and coke oven operations as it ramps up EAF production through 2025 and 2026[28] - The company achieved first heat for EAF 1 in July 2025[37] - Construction is progressing on EAF 2, with commissioning activities expected in early 2026[37] Market Factors - Steel tariffs of 50% persist on imported steel into the US[34] - There is a current oversupply in the Canadian coil market due to the US market being cut off from Canadian steel mills[34] Safety - The company is implementing an ISO 45001 Safety Management System to further improve health and safety performance[17]

Algoma Steel Group Inc. (ASTL) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of a loss of $0.7 per share. This compares to a loss of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +117.14%. A quarter ago, it was expected that this company would post a loss of $0.45 per share when it actually produced a loss of $0.74, delivering a surprise of -64.44%.Over the last four quarters ...

Third Quarter Results In Line with Previously Announced Expectations Advances EAF Ramp-Up and Strengthens Liquidity with $500 Million in Government Support SAULT STE. MARIE, Ontario, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today reported financial results for the three and nine months ended September 30, 2025, reflecting ongoing trade-related headwinds a ...

CFO Rajat Marwah to Succeed Michael Garcia as CEO Effective January 1, 2026 as Part of Planned Succession and Leadership Transition Michael Moraca Promoted to CFO Position Effective January 1, 2026 SAULT STE. MARIE, ONTARIO, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced a planned leadership transition as part of its ongoing succession planning proces ...

This stock is one of several featured in our latest research. For more small-cap opportunities with asymmetric return potential, read our free article: 10 High-Potential Small-Caps With Market Cap Under $1B. We came across a bullish thesis on Algoma Steel Group Inc. on Cundill Deep Value’s Substack by JiM. In this article, we will summarize the bulls’ thesis on ASTL. Algoma Steel Group Inc.'s share was trading at $3.3100 as of October 3rd. ASTL’s trailing and forward P/E were 14.30 and 9.12 respectively a ...

SAULT STE. MARIE, Ontario, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its 2025 third quarter financial results after the market closes on Wednesday, October 29, 2025. A webcast and conference call will be held on Thursday, October 30, 2025 at 11:00 a.m. Eastern Time to review the Company’s results, discuss recen ...

Core Viewpoint - Algoma Steel Group Inc. is facing challenges with expected negative Adjusted EBITDA while achieving significant milestones in its transition to low-carbon steelmaking [2][3]. Financial Guidance - Total steel shipments for the quarter are projected to be approximately 415,000 – 420,000 net tons [2]. - Adjusted EBITDA is anticipated to be negative $80 million – negative $90 million [2]. Strategic Initiatives - The company has successfully completed its first arc and first steel production from its electric arc furnace (EAF) in July, marking a key milestone in its transformation [3]. - Algoma is focusing on Canadian market demand with a tailored product mix of plate and coil, supported by federal and provincial financial assistance [3]. Leadership Changes - David Sgro has resigned from the board of directors for personal reasons, with acknowledgments of his contributions during a transformative period for the company [4][5]. - The Chair of the Board, Andy Harshaw, expressed gratitude for Sgro's leadership and impact on the company's strategic vision [5]. Company Overview - Algoma Steel, based in Sault Ste. Marie, Ontario, is a fully integrated producer of hot and cold rolled steel products, serving various sectors including automotive, construction, and energy [6]. - The company is recognized as a key supplier of steel products in North America and is the only producer of discrete plate products in Canada [6]. Environmental Commitment - Algoma is modernizing its plate mill and adopting electric arc technology to significantly reduce carbon emissions, emphasizing its commitment to environmental stewardship [7]. - The company aims to become one of North America's leading producers of green steel through investments in people and processes [7].

Core Points - The United Steelworkers union (USW) welcomes a $400 million federal loan and an additional $100 million from the Ontario government to support Algoma Steel, emphasizing the need for transparency and public commitments to protect jobs and community interests [1][2] - The USW highlights the absence of specific investment commitments for product diversification, which is crucial for meeting Canadian steel demand in infrastructure and other sectors [2][3] - The union calls for a comprehensive industrial strategy to ensure Canada can meet its own steel needs and avoid vulnerabilities from foreign trade policies [3] Summary by Sections Government Support - The federal government is providing a $400 million loan through the Large Enterprise Tariff Loan facility, with an additional $100 million from the Ontario government to Algoma Steel [1] - The USW stresses the importance of transparent terms for this public funding to protect jobs and community interests [2] Job Security and Product Diversification - The USW expresses concern over potential layoffs as Algoma transitions to an Electric Arc Furnace (EAF) and emphasizes the need for training and reskilling funding [3] - The union criticizes the lack of specified investment commitments for product diversification, which is essential for the long-term viability of steel production in Sault Ste. Marie [2][3] Industrial Strategy - The USW advocates for a comprehensive industrial strategy that includes Buy Canadian procurement, diversification investments, strict import controls, and worker transition supports [3] - The union has been vocal about the need for decisive government action since the imposition of 50% tariffs on Canadian steel by the U.S. [3]

Core Viewpoint - Algoma Steel Group Inc. has secured C$500 million in liquidity support to navigate trade uncertainties and advance its business transformation [1][3][10] Financial Support - The liquidity support consists of C$400 million in loan facilities from the Government of Canada and C$100 million from the Province of Ontario [1][4] - The loan facilities will have a seven-year term with interest set at CORRA + 200 basis points for the first three years, increasing by 200 basis points each subsequent year [4] Government Involvement - Key government officials, including the Minister of Jobs and Families and the Minister of Finance, participated in the announcement of the financial support [2] - The support is seen as recognition of Algoma's critical role in Canada's industrial base and its transition to Electric Arc Furnace (EAF) steelmaking [9][10] Operational Adjustments - Algoma is adjusting its production strategy to align with domestic demand due to the ongoing 50% tariff on Canadian steel, which has effectively closed the U.S. market [3][7] - The company plans to exit traditional blast furnace operations and transition to EAF steelmaking, with an estimated project cost of approximately C$987 million [8][9] Strategic Focus - Algoma intends to focus on producing as-rolled and heat-treated plate products primarily for the Canadian market [9] - The company aims to enhance its sustainability efforts by adopting EAF technology, which is expected to significantly lower carbon emissions [12]