ArcelorMittal completed the cancellation of 77,809,772 treasury shares, reducing its treasury balance to roughly 14.4 million shares and bringing total shares outstanding to 775 million from 852,809,772 before the buyback.
The cancellation is part of the company’s long‑term share‑buyback program, which was launched in April 2025 with an initial tranche of up to 10 million shares that will run until May 2030. The program is designed to return excess capital to shareholders and support the share price.
The move follows Q3 2025 results, in which revenues reached $15.7 billion and EBITDA $1.5 billion, with adjusted net income $0.5 billion. Net income fell to $0.4 billion from the prior quarter, reflecting a modest decline in profitability amid higher costs. The share cancellation aligns with the company’s strategy to use excess cash to reduce equity and enhance shareholder value.
The remaining treasury shares—about 14.4 million—are earmarked for the Long‑Term Incentive Plan, a common practice to reward employees and retain talent.
Management emphasized that the buyback program demonstrates confidence in the company’s financial strength and its ability to generate cash. CEO Aditya Mittal highlighted resilient results in a seasonally weak quarter and the importance of fair competition in Europe.
While no immediate market reaction was reported, the cancellation signals a continued commitment to shareholder returns and may support the share price in a market where capital‑allocation decisions are closely watched.
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