Algoma Steel Group Inc. to Announce 2025 Fourth Quarter and Full Year Results March 11, 2026

Algoma Steel (NASDAQ: ASTL) will release its 2025 fourth quarter and full year results after market close on March 11, 2026.

Rhea-AI Summary

Algoma Steel (NASDAQ: ASTL) will release its 2025 fourth quarter and full year results after market close on March 11, 2026. A webcast and conference call to review results and take questions is scheduled for March 12, 2026 at 11:00 a.m. ET.

Live and archived webcast access is available on the company's Investors website; dial-in and replay numbers with passcode are provided for domestic and international participants.

Argus Feb 27 session

-3.37% close to close Open Argus

Details

News Market Reaction – ASTL

On Feb 27, the first trading day after this news, ASTL closed 3.37% below the previous close.

Data tracked by StockTitan Argus for the Feb 27 session.

Market Context

This announcement schedules the release of Algoma Steel’s Q4 and full-year 2025 results for March 11...

Analysis

This announcement schedules the release of Algoma Steel’s Q4 and full-year 2025 results for March 11, 2026, followed by a webcast and conference call on March 12. In recent quarters, the company has managed a major Electric Arc Furnace transition, reported a Q3 2025 net loss of $485.1M, guided to negative Q4 2025 Adjusted EBITDA of $95M–$105M, and secured $500M in government financing. Investors may watch upcoming results for updated profitability, liquidity, and EAF ramp metrics.

Key Figures

Steel shipments: 375,000–380,000 tons Adjusted EBITDA guidance: negative $95M to negative $105M Government financing: $500M +5 more

Steel shipments

375,000–380,000 tons

Guidance for Q4 2025 shipments

Adjusted EBITDA guidance

negative $95M to negative $105M

Guidance for Q4 2025

Government financing

$500M

Completed package on Nov 17, 2025

Federal financing portion

$400M

From Canada Enterprise Emergency Funding Corporation

Ontario financing portion

$100M

From the Province of Ontario

Warrants issued

6.77M warrants at $11.08, 10-year term

Common share purchase warrants with government financing

Q3 2025 revenue

$523.9M

Consolidated revenue for Q3 2025

Q3 2025 net loss

$485.1M

Net loss driven by non-cash impairment

Historical Context

5 past events · Latest: Jan 26

5 events

1. Jan 26

   Strategic MOU

   24h Move

   -5.5%

   Binding MOU with Hanwha Ocean for CPSP-related steel and beam mill support.

2. Jan 08

   Q4 2025 guidance

   24h Move

   +0.2%

   Guided to negative Q4 2025 Adjusted EBITDA during EAF transition and tariffs.

3. Nov 17

   Gov’t financing

   24h Move

   -2.5%

   Completed $500M government-backed financing to support EAF and liquidity.

4. Oct 29

   Leadership change

   24h Move

   -6.1%

   Announced CEO succession with President/CFO transition during EAF ramp-up.

5. Oct 29

   Q3 2025 earnings

   24h Move

   -6.1%

   Reported large net loss driven by non-cash impairment and trade headwinds.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

adjusted ebitda, electric arc furnace, common share purchase warrants, form 6-k, +3 more

7 terms

adjusted ebitda financial

"Adjusted EBITDA is projected at negative $95 million to negative $105 million."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

electric arc furnace technical

"Electric Arc Furnace project is ramping and now operating 6 days per week."

An electric arc furnace is an industrial furnace that melts scrap metal or direct-reduced iron by creating intense heat from an electric arc between electrodes, like a giant, high-powered electric oven that turns metal pieces into molten steel. Investors care because it determines a steelmaker’s energy costs, flexibility to use recycled material, and greenhouse gas footprint—factors that affect profitability, raw-material exposure, and regulatory or public-pressure risks.

common share purchase warrants financial

"Algoma issued 6.77 million common share purchase warrants exercisable at $11.08 per share."

A common share purchase warrant is a tradable right that lets its holder buy a company’s ordinary shares at a fixed price for a set period, like a coupon that can be redeemed later to buy stock at a predetermined rate. Investors care because warrants offer leverage on future upside—they can magnify gains if the share price rises above the set price—but they can also dilute existing shareholders if used, and they expire worthless if unused.

form 6-k regulatory

"Algoma Steel Group Inc. filed a Form 6-K as a foreign private issuer."

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

form s-8 regulatory

"Two of these exhibits are incorporated by reference into Algoma Steel Group’s existing Form S-8."

A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.

form f-10 regulatory

"Two of these exhibits are incorporated by reference into Algoma Steel Group’s existing Form S-8 and Form F-10 registration statements."

Form F-10 is a standardized prospectus document filed with Canadian securities regulators when a Canadian company offers shares or other securities to the public. It lays out the company’s business, financial results, management, and risks—like a detailed product label that helps investors compare what they’re buying and understand potential downsides. For investors, the form matters because it provides the core information needed to evaluate the safety, value and terms of a public securities offering.

non-cash impairment financial

"net loss of $485.1M, driven largely by a $503.4M non‑cash impairment and trade headwinds."

A non-cash impairment is a reduction in a company's asset value that doesn't involve actual money changing hands. It happens when an asset, like equipment or a building, becomes less useful or less valuable than it was before, and the company needs to record that loss in its financial reports. This matters because it shows the true worth of what the company owns and can affect its overall financial health.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SAULT STE. MARIE, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of steel plate and hot rolled sheet products, announced today that the Company will release its 2025 fourth quarter and full year financial results after the market closes on Wednesday, March 11, 2026. A webcast and conference call will be held on Thursday, March 12, 2026 at 11:00 a.m. Eastern Time to review the Company’s results, discuss recent events, and conduct a question-and-answer session.

The live webcast and archived replay of the conference call can be accessed on the Investors section of the Company’s website at www.ir.algoma.com. For those unable to access the webcast, the conference call will be accessible domestically or internationally by dialing 877-425-9470 or 201-389-0878, respectively. Upon dialing in, please request to join the Algoma Steel Fourth Quarter 2025 Conference Call. To access the replay of the call, dial 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 13758477.

About Algoma Steel

Based in Sault Ste. Marie, Ontario, Algoma is a leading Canadian producer of high-quality plate and sheet steel products, proudly supporting critical sectors including energy, defense, automotive, shipbuilding, and infrastructure. Guided by a purpose to build better lives and a greener future, Algoma is shaping the next generation of sustainable steelmaking in Canada.

With the transition to electric arc furnace (EAF) steelmaking and a modernized plate mill, Algoma is redefining how steel is made in Canada. Powered by Ontario’s clean electricity grid, this transformation represents one of the largest industrial decarbonization initiatives in North America and is expected to reduce carbon emissions by approximately 70% once fully transitioned. These advancements provide stability for continued investment in diversification projects aligned with Canada’s evolving needs.

This new chapter also introduces Volta™, the brand for all steel produced through Algoma’s EAF technology. Volta delivers the same trusted performance customers rely on, with significantly lower emissions—produced safely, sustainably, and proudly in Canada.

Building on more than a century of steelmaking expertise, Algoma continues to invest in its people, processes, and technologies to strengthen domestic supply chains and deliver responsible, Canadian-made steel that helps build a better tomorrow.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains “forward-looking information” under applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”), including statements regarding the timing for the release of its financial results and the anticipated impact of Algoma’s EAF project on carbon emissions. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “design,” “pipeline,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this document. Readers should consider the risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Information” in Algoma’s annual information form, filed by Algoma with the Ontario Securities Commission (the “OSC”) (available under the company’s SEDAR+ profile at www.sedarplus.ca) and with the SEC (available at www.sec.gov) as part of its annual report on Form 40-F, as well as in Algoma’s quarterly and current reports filed with the OSC and SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Algoma assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

For more information, please contact:

Michael Moraca
Chief Financial Officer
Algoma Steel Group Inc.
Phone: 705.945.3300
E-mail: IR@algoma.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Algoma Steel (ASTL) release its Q4 2025 and full year results?

Algoma Steel will release its 2025 Q4 and full year results after market close on March 11, 2026. According to the company, the formal results release is followed by a webcast and conference call on March 12, 2026 at 11:00 a.m. Eastern Time to discuss the results.

How can investors join the Algoma Steel (ASTL) March 12, 2026 conference call?

Investors can join the conference call by live webcast on the company's Investors site or by dialing 877-425-9470 (domestic) or 201-389-0878 (international). According to the company, participants should request to join the Algoma Steel Fourth Quarter 2025 Conference Call.

Where can I find the Algoma Steel (ASTL) webcast replay after the March 12, 2026 call?

The live webcast and archived replay will be available on the company's Investors website at www.ir.algoma.com. According to the company, a telephone replay is also available using domestic and international numbers with passcode 13758477.

What time is the Algoma Steel (ASTL) Q4 2025 webcast and who will present?

The webcast and conference call are scheduled for March 12, 2026 at 11:00 a.m. Eastern Time. According to the company, management will review results, discuss recent events, and hold a question-and-answer session with participants.

What dial-in details and passcode are needed for the Algoma Steel (ASTL) replay?

To access the replay, dial 844-512-2921 (domestic) or 412-317-6671 (international) and enter passcode 13758477. According to the company, these replay numbers provide access for those unable to view the live webcast.