SG&A as a percentage of sales marginally increased in 2025 ( 4.2% ) as compared to 2024 (4.0)% . Operating income ArcelorMittal’s $ 3.6 billion operating income in 2025 was higher as compared to $3.3 billion in 2024 mainly due to $1.9 billion gain upon acquisition of the remaining 50% equity stake in AMNS Calvert, partly offset by $0.4 billion expense for the final settlement of the purchase price of

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Inland Steel and in 2005, he was promoted to Vice President, Finance and Planning and Controller for Mittal Steel USA. In 2012, Mr.

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Brett was appointed Executive Vice president Finance, Planning and Procurement for ArcelorMittal USA. Prior to becoming CEO of

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2024 also included $216 million of restructuring charges, including $74 million relating to the Europe segment, $79 million relating to Sustainable Solutions and $63 million related to the announced wind down of the Longs Business in ArcelorMittal South Africa.

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activities for directors and travel expenses. Meetings The Board of Directors meets when convened by the Chairman of the Board or any two members of the Board of Directors.

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key lever for cost reduction and more sustainable mining. Digital In 2025, Global R&D, Group CTO and Flat Brazil Operations received an important external recognition “Manufacturing Leadership Award” with an internally developed AI solution which supported ArcelorMittal Vega in their expansion case.

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