Aperam SA reported a dramatic 96% plunge in net income for 2025, reaching €9 million, a stark contrast to the €231 million the previous year. This downturn stemmed from pricing pressures and sluggish demand in Europe, impacting the stainless steel producer's profitability. Earnings per share also fell considerably, from €3.20 to €0.13, reflecting the challenging environment.

Despite the difficult conditions, Aperam plans to maintain its base dividend at €2.00 per share, pending shareholder approval. The company is also investing €160 million in its European cold rolling mills and a new vacuum induction melting furnace in France. The company's adjusted EBITDA decreased slightly to €339 million, while sales dipped to €6.08 billion.

In Q1 2026, Aperam anticipates a higher EBITDA, according to CEO Sud Sivaji. They are also implementing cost-cutting measures through Leadership Journey Phase 6, targeting €150 million in gains. Free cash flow before dividends was negative €167 million due to the Universal acquisition. Net financial debt increased, reflecting the impact of this acquisition.

Steel producers are currently grappling with weak demand and rising costs, impacting profitability. The company is hoping to see positive momentum from trade defense measures in the second half of 2026. Aperam's Alloys & Specialties segment, however, saw adjusted EBITDA rise to €114 million. The company's focus is on streamlining operations.