ArcelorMittal announces commencement of the second tranche of its 2025 to 2030 share buyback programme

ArcelorMittal (NYSE:MT) has completed the first tranche of its 2025–2030 share buyback and started a second tranche.

Rhea-AI Summary

ArcelorMittal (NYSE:MT) has completed the first tranche of its 2025–2030 share buyback and started a second tranche. The first tranche repurchased 10 million shares at an average price of €49.32, now held in treasury and to be cancelled. A new tranche for up to 10 million shares begins immediately, in line with the policy to return at least 50% of post-dividend annual free cash flow, subject to shareholder authorization and market conditions. Shares bought back are intended to reduce share capital and meet employee share programme obligations.

Positive

• First tranche repurchased 10 million shares at an average €49.32
• Second tranche authorized for up to 10 million additional shares
• Policy to return at least 50% of post-dividend annual free cash flow
• Repurchased shares intended to reduce ArcelorMittal’s share capital

Negative

• Future tranche sizes depend on post-dividend free cash flow levels
• Buybacks remain subject to ongoing shareholder authorization and market conditions
• Portion of repurchased shares earmarked for employee share programmes

Argus Jun 30 session

+0.90% close to close Open Argus

Details

News Market Reaction – MT

On Jun 30, the day this news came out, MT closed 0.90% above the previous close.

Data tracked by StockTitan Argus for the Jun 30 session.

Key Figures

First tranche repurchased shares: 10 million shares Average repurchase price: €49.32 per share Second tranche size: up to 10 million shares +3 more

First tranche repurchased shares

10 million shares

Completed first tranche of 2025–2030 buyback programme

Average repurchase price

€49.32 per share

Price paid for first tranche repurchases

Second tranche size

up to 10 million shares

Maximum shares in new tranche starting immediately

Programme period

2025 to May 2030

Duration of company share buyback programme

Capital return policy

minimum 50% of post-dividend annual free cash flow

Stated shareholder return framework guiding buybacks

AGM authorization date

6 May 2025

Shareholder authorization underpinning second tranche

Previous Buybacks Reports

3 past events · Latest: May 19

Same Type 3 events

1. May 19

   Buyback-funded selldown

   24h Move

   -3.9%

   Partial Vallourec selldown with proceeds allocated to ArcelorMittal share buybacks.

2. Apr 07

   New buyback program

   24h Move

   -1.7%

   Launch of 2025–2030 share buyback program with first 10M-share tranche outlined.

3. Apr 02

   Buyback completion

   24h Move

   +0.3%

   Completion of 85M-share buyback program initially authorized in 2023 and 2024.

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

Key Terms

share buyback programme, post-dividend free cash flow, share capital, employee share programmes

4 terms

share buyback programme financial

"a new share buyback programme covering the period from 2025 to May 2030"

A share buyback programme is when a company uses its cash to purchase its own shares from the market, reducing the number of shares available to other investors; imagine a bakery buying back coupons so fewer are circulating. It matters because cutting the share count can boost earnings per share and increase each remaining investor’s ownership stake, and it also signals management’s view of the stock while using cash that could have been spent on other priorities.

post-dividend free cash flow financial

"depend on the level of post-dividend free cash flow generated over the period"

Post-dividend free cash flow is the cash a company has left after paying its regular operating costs, investing in its business, and distributing dividends to shareholders. Investors watch this number like a household’s leftover money after paying bills and giving out planned gifts — it shows whether dividends are sustainable, and how much remains for debt repayment, new projects, or share buybacks.

share capital financial

"The shares acquired under the Programme are intended to: Reduce ArcelorMittal’s share capital"

Share capital is the total amount of money a company raises by selling pieces of itself, called shares, to investors. It’s like a company’s savings from many owners, which helps fund its growth and operations. This money matters because it shows how much the company has raised from shareholders and how it’s financed its business.

employee share programmes financial

"Meet ArcelorMittal’s obligations arising from employee share programmes"

Employee share programmes are plans that let workers buy or receive a company's stock or stock-based awards—often at a discount, as grants, or through options—so employees gain a direct ownership stake. They matter to investors because they tie staff incentives to company performance, like giving teammates a piece of the business; this can boost motivation but also change the number of shares outstanding and influence earnings per share and share price over time.

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

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30 June 2026, 10:15 CET

Further to the announcement on 7 April 2025 of a new share buyback programme covering the period from 2025 to May 2030 (the ‘Programme’), ArcelorMittal (the ‘Company’) today announces the completion of the first tranche of the Programme and the commencement of a second tranche.

The first tranche of the Programme, under which 10 million shares were repurchased at an average purchase price of €49.32 per share, has now been completed in full. The repurchased shares are currently being held in treasury and will be cancelled in due course.

A second tranche of the Programme for up to 10 million shares will commence immediately, under the authorization given by the annual general meeting of shareholders of 6 May 2025.

As communicated at the launch of the Programme, share repurchases are being conducted in tranches through to May 2030. The actual amount of shares to be repurchased in the various tranches will continue to depend on the level of post-dividend free cash flow generated over the period (the Company’s defined policy is to return a minimum of 50% of post-dividend annual free cash flow), the continued authorization by shareholders, and market conditions.

The shares acquired under the Programme are intended to:

• Reduce ArcelorMittal’s share capital;
• Meet ArcelorMittal’s obligations arising from employee share programmes.

ENDS

About ArcelorMittal
 
ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 14 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2025 generated revenues of $61.4 billion, produced 55.6 million metric tonnes of crude steel and 48.8 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.
 
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
   
http://corporate.arcelormittal.com/  

ArcelorMittal Investor Relations contact information
General	+44 20 7543 1128
Retail	+44 20 3214 2893
Bonds/Credit	+33 157 955 035

ArcelorMittal Corporate Communications contact information
Paul Weigh
Tel:	+44 20 3214 2419
E-mail	press@arcelormittal.com

FAQ

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

What did ArcelorMittal (MT) announce about its 2025–2030 share buyback on 30 June 2026?

ArcelorMittal announced completion of the first tranche and the start of a second tranche in its 2025–2030 share buyback. According to ArcelorMittal, the programme runs through May 2030 and is executed in multiple tranches, subject to free cash flow and approvals.

How many shares did ArcelorMittal (MT) repurchase in the first tranche of its buyback programme?

ArcelorMittal repurchased 10 million shares in the first tranche at an average price of €49.32. According to ArcelorMittal, these shares are currently held in treasury and are expected to be cancelled in due course, reducing the company’s share capital over time.

What are the details of the second tranche of ArcelorMittal (MT) share buyback starting June 2026?

The second tranche authorizes buybacks of up to 10 million shares, commencing immediately. According to ArcelorMittal, this tranche operates under authorization from the 6 May 2025 annual general meeting and forms part of the broader 2025–2030 buyback programme.

What is ArcelorMittal’s (MT) capital return policy for the 2025–2030 buyback period?

ArcelorMittal’s defined policy is to return a minimum of 50% of post-dividend annual free cash flow. According to ArcelorMittal, the actual volume of shares repurchased in each tranche will depend on this free cash flow, shareholder authorization, and market conditions.

How will the ArcelorMittal (MT) share buyback affect its share capital and employees?

Shares acquired under the programme are intended to reduce ArcelorMittal’s share capital and meet employee share obligations. According to ArcelorMittal, treasury shares from buybacks will be cancelled in due course, while some support employee share programmes.

Until when will ArcelorMittal’s (MT) share buyback programme run and how is it structured?

The share buyback programme covers the period from 2025 to May 2030 and is executed in tranches. According to ArcelorMittal, each tranche’s size will reflect post-dividend free cash flow, ongoing shareholder authorization, and prevailing market conditions.