ArcelorMittal South Africa FY26 H1 headline loss widens 47% to R 1.49 billion; revenue drops 30% to R 12.04 billion
MT•Cash flow, borrowings and management commentary
Free cash outflow was R1.19 billion, reflecting higher-than-planned inventories and the close-out of a R2 billion legacy trade supplier facility.
Net borrowings rose to R7.94 billion; management said 2026 is a transition year and it has protected liquidity while placing long steel into care and maintenance.
First-half results show wider loss and lower revenue
ArcelorMittal South Africa posted a headline loss of R1.49 billion, widening 47% year over year.
EBITDA loss widened to R409 million from non-recurring charges, including R222 million to support liquidity and R237 million tied to blast furnace recovery.
Revenue fell 30% to R12.04 billion, while crude steel production dropped 35% to 837,000 tonnes.
