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ARCELORMITTAL: 2Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

2Q'25 vs. 2Q'24:
EBITDA: $ 1.860 Bn (-0.1% vs. +0.3% BS(e) and -0.6% consensus);
BDI: $ 1.793 Bn (+255.8% vs. +65.1% BS(e) and +60.9% consensus);

1H'25 vs. 1H'24:
EBITDA: $ 3.440 Bn (-9.9% vs. -9.7% BS(e) and -10.2% consensus);
BDI: $ 2.598 Bn (+80.2% vs. +13.5% BS(e) and +12.1% consensus).