NASDAQ : ASTL
Algoma Steel Group Inc. — Financial statements
Materials · Steel · Canada
Last price 4.77 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 504.01M
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Financial statements
Algoma Steel Group Inc. (ASTL) reported revenue of 1.27B CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.27B | 2.09B | 2.46B | 2.80B | 2.78B | 3.81B |
| Cost of Revenue | 1.94B | 2.72B | 2.51B | 2.49B | 2.38B | 2.29B |
| Gross Profit | -675.50M | -633.40M | -44.70M | 306.90M | 397.00M | 1.51B |
| Selling, General & Admin | 106.90M | 128.00M | 156.70M | 134.30M | 116.50M | 114.60M |
| Other Operating Expenses | 18.30M | 31.40M | 37.40M | 24.60M | 7.20M | -600.00K |
| Operating Expenses | 127.50M | 139.60M | 194.60M | 160.10M | 111.00M | 114.00M |
| Operating Income | -803.00M | -773.00M | -239.30M | 146.80M | 286.00M | 1.40B |
| Interest Expense | -85.10M | -68.20M | -58.30M | -18.90M | -15.40M | -47.00M |
| Interest & Investment Income | 3.60M | 6.60M | 19.00M | 10.00M | 13.30M | 500.00K |
| Currency Exchange Gain (Loss) | 10.60M | -30.60M | 56.30M | 1.70M | 41.10M | -4.30M |
| Other Non Operating Income (Expenses) | -5.90M | 33.10M | 5.00M | 5.40M | 45.20M | 70.10M |
| EBT Excluding Unusual Items | -879.80M | -832.10M | -217.30M | 145.00M | 370.20M | 1.42B |
| Merger & Restructuring Charges | -45.80M | -45.80M | -262.10M | |||
| Asset Writedown | -503.40M | |||||
| Other Unusual Items | -600.00K | 5.60M | 1.00M | -100.00K | 5.90M | |
| Pretax Income | -856.20M | -1.30B | -184.20M | 144.90M | 376.10M | 1.16B |
| Income Tax Expense | -106.50M | -315.80M | -45.20M | 39.70M | 77.60M | 298.90M |
| Net Income | -749.70M | -984.90M | -139.00M | 105.20M | 298.50M | 857.70M |
| Net Income to Common | -749.70M | -984.90M | -139.00M | 105.20M | 298.50M | 857.70M |
| Shares Outstanding (Basic) | 109.15M | 108.70M | 108.50M | 108.40M | 122.70M | 100.60M |
| Shares Outstanding (Diluted) | 109.15M | 108.70M | 108.50M | 133.00M | 147.00M | 111.50M |
| EPS (Basic) | -6.87 | -9.06 | -1.28 | 0.97 | 2.43 | 8.53 |
| EPS (Diluted) | -6.87 | -9.06 | -1.35 | 0.70 | 1.71 | 7.75 |
| Free Cash Flow | -184.80M | -394.60M | -338.20M | -195.20M | -193.80M | 1.10B |
| Free Cash Flow Per Share | -1.69 | -3.63 | -3.12 | -1.47 | -1.32 | 9.84 |
| Dividend Per Share | 0.14 | 0.28 | 0.27 | 0.27 | 0.06 | |
| Gross Margin | -53.24% | -30.37% | -1.82% | 10.98% | 14.29% | 39.76% |
| Operating Margin | -63.29% | -37.06% | -9.72% | 5.25% | 10.29% | 36.77% |
| Profit Margin | -59.09% | -47.22% | -5.65% | 3.76% | 10.74% | 22.54% |
| Free Cash Flow Margin | -14.56% | -18.92% | -13.74% | -6.98% | -6.98% | 28.83% |
| EBITDA | -490.40M | -417.90M | -101.70M | 261.20M | 380.70M | 1.49B |
| EBITDA Margin | -38.65% | -20.04% | -4.13% | 9.34% | 13.70% | 39.04% |
| D&A For EBITDA | 312.60M | 355.10M | 137.60M | 114.40M | 94.70M | 86.40M |
| EBIT | -803.00M | -773.00M | -239.30M | 146.80M | 286.00M | 1.40B |
| EBIT Margin | -63.29% | -37.06% | -9.72% | 5.25% | 10.29% | 36.77% |
| Effective Tax Rate | 27.40% | 20.63% | 25.84% |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 152.40M | 77.50M | 266.90M | 97.90M | 247.40M | 915.30M |
| Cash & Short-Term Investments | 152.40M | 77.50M | 266.90M | 97.90M | 247.40M | 915.30M |
| Accounts Receivable | 126.30M | 163.40M | 213.70M | 235.40M | 276.80M | 386.60M |
| Other Receivables | 72.30M | 216.20M | 91.50M | 28.30M | 11.40M | 10.50M |
| Receivables | 218.60M | 399.60M | 311.90M | 266.70M | 291.20M | 402.30M |
| Inventory | 418.10M | 569.30M | 879.20M | 807.80M | 722.70M | 480.00M |
| Prepaid Expenses | 37.80M | 30.40M | 42.80M | 80.50M | 94.40M | 79.90M |
| Restricted Cash | 100.00K | 100.00K | 3.90M | 3.90M | 3.90M | |
| Other Current Assets | 2.60M | 5.50M | 5.50M | 5.70M | 6.70M | 35.10M |
| Total Current Assets | 829.50M | 1.08B | 1.51B | 1.26B | 1.37B | 1.92B |
| Property, Plant & Equipment | 1.17B | 1.03B | 1.66B | 1.41B | 1.08B | 773.70M |
| Other Intangible Assets | 200.00K | 300.00K | 500.00K | 700.00K | 900.00K | 1.10M |
| Long-Term Deferred Charges | 600.00K | 800.00K | 1.10M | 1.40M | 900.00K | 2.10M |
| Other Long-Term Assets | 500.00K | 2.50M | 15.50M | 6.20M | 6.20M | 200.00K |
| Total Assets | 2.00B | 2.12B | 3.19B | 2.68B | 2.46B | 2.69B |
| Accounts Payable | 96.50M | 47.70M | 146.10M | 142.00M | 59.80M | 54.60M |
| Accrued Expenses | 185.70M | 203.00M | 249.10M | 204.70M | 191.00M | 263.70M |
| Short-Term Debt | 600.00K | 170.20M | 400.00K | 300.00K | 1.90M | 100.00K |
| Current Portion of Long-Term Debt | 2.20M | 15.00M | 26.00M | 17.10M | 10.00M | 10.00M |
| Current Income Taxes Payable | 2.10M | 1.70M | 53.30M | |||
| Other Current Liabilities | 42.50M | 61.50M | 68.70M | 62.30M | 79.00M | 155.80M |
| Total Current Liabilities | 327.50M | 497.40M | 490.30M | 428.50M | 343.40M | 537.50M |
| Long-Term Debt | 1.14B | 729.20M | 644.60M | 137.80M | 110.40M | 85.20M |
| Long-Term Leases | 700.00K | 1.40M | 2.20M | 2.20M | 400.00K | 900.00K |
| Pension & Post-Retirement Benefits | 268.50M | 346.00M | 384.50M | 467.50M | 406.90M | 357.90M |
| Long-Term Deferred Tax Liabilities | 110.90M | 98.00M | 96.70M | 92.90M | ||
| Other Long-Term Liabilities | 61.40M | 50.80M | 45.20M | 39.60M | 35.60M | 36.60M |
| Total Liabilities | 1.80B | 1.62B | 1.68B | 1.17B | 993.40M | 1.11B |
| Common Stock | 982.30M | 975.50M | 974.80M | 963.90M | 958.40M | 1.38B |
| Retained Earnings | -1.28B | -897.90M | 102.00M | 288.40M | 211.60M | 77.80M |
| Comprehensive Income & Other | 498.50M | 413.50M | 431.70M | 250.10M | 292.20M | 126.80M |
| Shareholders' Equity | 197.90M | 491.10M | 1.51B | 1.50B | 1.46B | 1.58B |
| Total Liabilities & Equity | 2.00B | 2.12B | 3.19B | 2.68B | 2.46B | 2.69B |
| Total Debt | 1.15B | 915.80M | 673.20M | 157.40M | 122.70M | 96.20M |
| Net Cash (Debt) | -995.20M | -838.30M | -406.30M | -59.50M | 124.70M | 819.10M |
| Net Cash Per Share | -9.12 | -7.71 | -3.74 | -0.45 | 0.85 | 7.35 |
| Filing Date Shares Outstanding | 105.66M | 104.93M | 104.86M | 104.10M | 103.57M | 147.96M |
| Total Common Shares Outstanding | 105.66M | 104.93M | 104.86M | 104.10M | 103.57M | 147.96M |
| Working Capital | 502.00M | 585.00M | 1.02B | 834.00M | 1.02B | 1.38B |
| Book Value Per Share | 1.87 | 4.68 | 14.39 | 14.43 | 14.12 | 10.70 |
| Tangible Book Value | 197.70M | 490.80M | 1.51B | 1.50B | 1.46B | 1.58B |
| Tangible Book Value Per Share | 1.87 | 4.68 | 14.38 | 14.43 | 14.11 | 10.69 |
| Land | 6.70M | 7.10M | 6.70M | 6.60M | 6.10M | |
| Buildings | 556.40M | 98.00M | 91.00M | 73.10M | 65.90M | |
| Machinery | 1.71B | 1.38B | 1.19B | 1.11B | 901.70M | |
| Construction In Progress | 242.40M | 824.60M | 638.30M | 338.50M | 118.80M |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -749.70M | -984.90M | -139.00M | 105.20M | 298.50M | 857.70M |
| Depreciation & Amortization | 313.40M | 355.90M | 138.20M | 115.00M | 95.00M | 86.60M |
| Other Amortization | 26.00M | 17.10M | 17.50M | 16.40M | 14.70M | 254.80M |
| Loss (Gain) From Sale of Assets | 1.20M | 400.00K | 2.20M | 500.00K | 100.00K | 300.00K |
| Asset Writedown & Restructuring Costs | 503.40M | |||||
| Stock-Based Compensation | 2.30M | -19.80M | -1.60M | -1.30M | -17.30M | |
| Other Operating Activities | 85.70M | -13.20M | -13.20M | 26.00M | -35.00M | 85.10M |
| Change in Accounts Receivable | 92.90M | 29.80M | 78.20M | 45.50M | 119.50M | -127.00M |
| Change in Inventory | 361.50M | 294.90M | 80.30M | -80.40M | -187.80M | -63.60M |
| Change in Accounts Payable | -153.40M | -124.50M | -50.30M | 57.60M | -76.60M | 166.60M |
| Change in Income Taxes | 31.10M | -135.70M | -42.90M | -4.50M | -58.30M | -22.10M |
| Change in Other Net Operating Assets | -27.00M | 10.50M | 12.90M | 14.90M | 24.50M | 25.00M |
| Operating Cash Flow | -16.00M | -66.10M | 82.30M | 294.90M | 177.30M | 1.26B |
| Capital Expenditures | -168.80M | -328.50M | -420.50M | -490.10M | -371.10M | -166.20M |
| Sale of Property, Plant & Equipment | 1.20M | 1.20M | ||||
| Other Investing Activities | 25.60M | 15.00M | 27.90M | 500.00K | ||
| Investing Cash Flow | -142.00M | -312.30M | -392.60M | -490.10M | -371.10M | -165.70M |
| Short-Term Debt Issued | 171.40M | 1.80M | ||||
| Long-Term Debt Issued | 99.70M | 74.80M | 63.30M | 2.20M | ||
| Total Debt Issued | 539.90M | 271.10M | 531.80M | 74.80M | 65.10M | 2.20M |
| Short-Term Debt Repaid | -1.70M | -86.80M | ||||
| Long-Term Debt Repaid | -14.00M | -10.00M | -10.00M | -459.70M | ||
| Total Debt Repaid | -171.30M | -14.00M | -16.30M | -11.70M | -10.00M | -546.50M |
| Net Debt Issued (Repaid) | 368.60M | 257.10M | 515.50M | 63.10M | 55.10M | -544.30M |
| Issuance of Common Stock | 393.50M | |||||
| Repurchase of Common Stock | -553.20M | |||||
| Common Dividends Paid | -14.80M | -28.60M | -27.90M | -30.70M | -9.30M | |
| Other Financing Activities | -65.40M | -41.50M | -22.80M | 9.20M | -3.20M | -38.60M |
| Financing Cash Flow | 303.20M | 200.80M | 464.10M | 44.40M | -532.00M | -198.70M |
| Foreign Exchange Rate Adjustments | 2.70M | -11.80M | 18.40M | 1.30M | 57.90M | -4.90M |
| Net Cash Flow | 147.90M | -189.40M | 172.20M | -149.50M | -667.90M | 894.10M |
| Free Cash Flow | -184.80M | -394.60M | -338.20M | -195.20M | -193.80M | 1.10B |
| Free Cash Flow Margin | -14.56% | -18.92% | -13.74% | -6.98% | -6.98% | 28.83% |
| Free Cash Flow Per Share | -1.69 | -3.63 | -3.12 | -1.47 | -1.32 | 9.84 |
| Levered Free Cash Flow | 33.84M | -420.95M | -238.26M | -413.68M | 1.13B | |
| Unlevered Free Cash Flow | 61.02M | -395.43M | -242.85M | -418.45M | 1.14B | |
| Cash Interest Paid | 58.00M | 48.10M | 23.80M | 300.00K | 200.00K | 36.30M |
| Change in Working Capital | 305.10M | 75.00M | 78.20M | 33.10M | -178.70M | -21.10M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 504.01M | 430.23M | 1.02B | 883.84M | 836.83M | 1.66B |
| Enterprise Value | 1.21B | 961.93M | 1.15B | 930.25M | 747.65M | 1.28B |
| Last Close Price | 4.77 | 4.10 | 9.63 | 8.21 | 7.62 | 10.34 |
| PE Ratio | 11.38 | 3.79 | 2.42 | |||
| Forward PE | 25.37 | 10.90 | 9.54 | 4.94 | ||
| PS Ratio | 0.56 | 0.28 | 0.60 | 0.43 | 0.41 | 0.55 |
| PB Ratio | 3.62 | 1.20 | 0.97 | 0.80 | 0.77 | 1.31 |
| P/TBV Ratio | 3.62 | 1.20 | 0.97 | 0.80 | 0.78 | 1.31 |
| P/FCF Ratio | 1.89 | |||||
| P/OCF Ratio | 17.86 | 4.06 | 6.39 | 1.65 | ||
| EV/Sales Ratio | 1.35 | 0.63 | 0.67 | 0.45 | 0.36 | 0.42 |
| EV/EBITDA Ratio | 4.82 | 2.66 | 1.07 | |||
| EV/EBIT Ratio | 8.58 | 3.54 | 1.14 | |||
| EV/FCF Ratio | 1.45 | |||||
| Debt / Equity Ratio | 5.80 | 1.86 | 0.45 | 0.10 | 0.08 | 0.06 |
| Debt / EBITDA Ratio | 0.60 | 0.32 | 0.06 | |||
| Debt / FCF Ratio | 0.09 | |||||
| Net Debt / Equity Ratio | 5.03 | 1.71 | 0.27 | 0.04 | -0.09 | -0.52 |
| Net Debt / EBITDA Ratio | -2.03 | -2.01 | -4.00 | 0.23 | -0.33 | -0.55 |
| Net Debt / FCF Ratio | -5.38 | -2.12 | -1.20 | -0.30 | 0.64 | -0.75 |
| Asset Turnover | 0.57 | 0.79 | 1.09 | 1.08 | 1.79 | |
| Inventory Turnover | 3.22 | 3.75 | 3.25 | 3.96 | 5.12 | |
| Quick Ratio | 1.07 | 0.92 | 1.17 | 0.84 | 1.56 | 2.44 |
| Current Ratio | 2.53 | 2.18 | 3.07 | 2.95 | 3.98 | 3.57 |
| Return on Equity (ROE) | -139.83% | -98.51% | 7.10% | 19.61% | 97.67% | |
| Return on Assets (ROA) | -22.63% | -18.22% | 3.58% | 6.94% | 41.18% | |
| Return on Invested Capital (ROIC) | -63.89% | -47.65% | -13.77% | 7.35% | 21.61% | 134.29% |
| Return on Capital Employed (ROCE) | -48.00% | -47.80% | -8.90% | 6.50% | 13.50% | 64.90% |
| Earnings Yield | -101.50% | -166.96% | -9.46% | 8.79% | 26.36% | 41.27% |
| FCF Yield | -26.23% | -66.89% | -23.02% | -16.31% | -17.12% | 52.80% |
| Dividend Yield | 2.44% | 2.02% | 2.36% | 2.48% | 0.44% | |
| Payout Ratio | 26.52% | 10.29% | 1.08% | |||
| Buyback Yield / Dilution | -0.46% | -0.18% | 18.42% | 9.52% | -31.84% | -55.29% |
| Total Shareholder Return | 2.25% | 20.44% | 11.88% | -29.36% | -54.85% |