Algoma Steel Group Inc. Q2 2025 Financial Results and EAF Project Update

SEC Filing 6-K (0001193125-25-168383)

Algoma Steel Group Inc. reported its financial results for the second quarter of 2025, highlighting a consolidated revenue of $589.7 million and a net loss of $110.6 million. The company also reported an Adjusted EBITDA loss of $32.4 million. Key developments include the achievement of first arc and first steel production from its transformative Electric Arc Furnace (EAF) project, marking a significant milestone in its transition to green steel production. The EAF project is expected to reduce the company's annual carbon emissions by approximately 70%. Despite ongoing challenges such as tariff uncertainty and weak steel market demand, Algoma remains focused on executing its strategic transformation. The company also announced the suspension of its quarterly dividend to preserve liquidity and financial flexibility.