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Inferra AI / Company / ASTL

Algoma Steel

ASTL · Materials

Last earnings Oct 29, 2026

Key results

Revenuequarter

52.4%

Revenue and steel revenue decreased by 52.4% and 53.9%, respectively, due to lower sheet shipments during the three month period ended September 30, 2026 as compared to the three month period ended September 30, 2025.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

The Company s revenue per ton of steel sold and average NSR on steel sales per ton shipped was C$1,726 and C$1,510, respectively, for the three month period ended September 30, 2026 (September 30, 2025 C$1,250 and C$1,129, respectively), an increase of 38.1% and 33.7%, respectively, primarily due to higher steel prices and increased plate shipment volume as a percentage of sales.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Revenue and steel revenue decreased by 50.1% and 50.2%, respectively, due to lower sheet shipments during the nine month period ended September 30, 2026 as compared to the nine month period ended September 30, 2025.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

The Company s revenue per ton of steel sold and average NSR on steel sales per ton 12 shipped was C$1,480 and C$1,332, respectively, for the nine month period ended September 30, 2026 (September 30, 2025 C$1,198 and C$1,081, respectively), an increase of 23.5% and 23.2%, respectively, primarily due to higher steel prices and increased plate shipment volume as a percentage of sales.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

For the three month period ended September 30, 2026, the Company s cost of steel revenue decreased by 50.0% to C$295.3 million (September 30, 2025 C$590.2 million), and the cost of steel products sold decreased by 59.9% to C$215.7 million (September 30, 2025 C$537.5 million).

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

For the nine month period ended September 30, 2026, the Company s cost of steel revenue decreased by 40.5% to C$1,041.1 million (September 30, 2025 C$1,750.9 million), and the cost of steel products sold decreased by 54.3% to C$735.8 million (September 30, 2025 C$1,611.5 million).

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

The increase of C$0.9 million was primarily due to increased revenue on ferrous scrap and ore fines.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

The decrease of C$8.6 million was primarily due to decreased revenue on braize, tar, and slag due to the transition to EAF steelmaking.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

AI analysis

Q4 2025 · reported Oct 29, 2026

Based on: Earnings release (6-K exhibit) + Q4 2025 deck + parent 6-K — transcript not held

Headline figures

MetricQ4 2025Prior qtrYear ago
Revenue52.4%——

EX-99 · Oct 29, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

The warrants also include customary anti-dilution protections, registration rights, and a repurchase right allowing the Company to repurchase the warrants following repayment of the LETL Facilities at fair market value or the in-the-money amount.

While the LETL Facilities remain outstanding, the Company is subject to customary covenants, including restrictions relating to: payment of dividends and share repurchases; incurrence of additional indebtedness; transactions with non-arm s length parties; mergers, acquisitions and asset sales; and transfers of Canadian operations outside Canada.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Algoma Steel Q4 2025 — Revenue and steel revenue decreased by 52.4% and 53.9%, respectively, due to lower sheet shipments during the three month period ended September 30, 2026 as compared to the three month period ended Se…

Based on: Earnings release (6-K exhibit) + Q4 2025 deck + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

The warrants also include customary anti-dilution protections, registration rights, and a repurchase right allowing the Company to repurchase the warrants following repayment of the LETL Facilities at fair market value or the in-the-money amount.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

While the LETL Facilities remain outstanding, the Company is subject to customary covenants, including restrictions relating to: payment of dividends and share repurchases; incurrence of additional indebtedness; transactions with non-arm s length parties; mergers, acquisitions and asset sales; and transfers of Canadian operations outside Canada.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

No dividends were declared during the quarter.

SEC original ↗Algoma Steel — Presentation / slide deck (6-K exhibit)EX-99Oct 29, 2026

Each facility consists of: 20% secured loan facility, ranking junior to the Company s existing first lien Revolving Credit Facility and its 9.125% Senior Secured Second Lien Notes; and 80% unsecured loan facility.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Loan proceeds may be used for operating expenses; ordinary course obligations; and capital expenditures consistent with the Company s business plan.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Government Funding Agreements On November 30, 2018, the Company, together with the governments of Canada and Ontario entered into agreements totalling up to $120.0 million of modernization and expansion related capital expenditure support from the governments of Canada and Ontario.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Strategy & priorities

This discussion of the Company s business may include forward-looking information with respect to the Company, including its operations and strategies, as well as financial performance and conditions, which are subject to a variety of risks and uncertainties.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result and similar expressions.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Transition to EAF Steelmaking The President of the United States has issued various executive orders and related measures (collectively, the Trade Actions ) imposing tariffs on products imported from Canada, including tariffs under Section 232 of the Trade Expansion Act of 1962 (the S232 Tariffs ).

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

The Company s Response to Tariffs As discussed above, the President of the United States issued Trade Actions imposing tariffs on products imported from Canada, including tariffs under Section 232 of the Trade Expansion Act of 1962.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

To align production with prevailing market conditions, the Company intends to focus on the manufacturing and sale of discrete plate and to scale back coil production, with predominant emphasis on the Canadian market.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Risks & headwinds

Transition to EAF Steelmaking The President of the United States has issued various executive orders and related measures (collectively, the Trade Actions ) imposing tariffs on products imported from Canada, including tariffs under Section 232 of the Trade Expansion Act of 1962 (the S232 Tariffs ).

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Pursuant to these Trade Actions, a 25% ad valorem tariff was imposed on all steel and aluminum articles and certain derivative products, without exclusions.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

These tariffs became effective March 4, 2025, were briefly paused on March 6, 2025, and reinstated on March 12, 2025.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

On June 4, 2025, the tariffs were increased to 50% for all steel and aluminum imports into the United States.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Department of Commerce expanded the scope of the tariffs to include an additional 407 categories of steel and aluminum derivative products.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

In 2026, the United States continued to expand and enforce the scope of these measures, including through the addition and clarification of further downstream and derivative steel and aluminum products subject to the 50% tariff.

SEC original ↗Algoma Steel — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Documents

Earnings deck slides

0 decks with slide view

Algoma Steel — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Algoma Steel — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Algoma Steel — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Algoma Steel — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Algoma Steel — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Algoma Steel — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Algoma Steel — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Rio Tinto (RIO) MaterialsCemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsFranco-Nevada (FNV) MaterialsKinross Gold (KGC) MaterialsBarrick Mining (B) MaterialsCarpenter Technology (CRS) Materials

Filings

29 documents

Earnings releases

4 documents

Presentations

7 documents

Transcripts

0 documents

No transcripts for Algoma Steel are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Algoma Steel by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.