Algoma Steel Group (ASTL) Financial Statements & Analysis

Algoma Steel Group (ASTL) Income Statement

Algoma Steel Group reported revenue of CAD 2.09B in fiscal 2026 (fiscal year ended Dec 31, 2025). Algoma Steel Group posted a net loss of CAD 531.70M. Gross margin was -24.1% and operating margin -32.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CAD 267.50M, down 54.6% from the same quarter a year earlier.

Algoma Steel Group Income Statement Analysis

Values in billions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Algoma Steel Group Inc. income statement - Annual data in billions CAD
Breakdown	FY 2026	FY 2024	FY 2023	FY 2022	FY 2021	FY 2019
Period ending	Dec 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Revenue & Gross Profit
Revenue	2.09	2.80	2.78	2.78	1.79	1.96
Cost of Revenue	2.72	2.51	2.38	2.39	1.64	2.04
Gross Profit	-0.50	0.28	0.39	0.39	0.16	-0.08
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.13	0.11	0.12	0.10	0.07	0.06
Operating Expenses	0.12	0.12	0.10	0.10	0.07	0.06
Operating Income	-0.67	0.17	0.29	0.29	0.08	-0.14
Other Income/Expense
Interest Income	0.01	0.01	0.01	0.01	0.00	0.00
Interest Expense	-0.07	0.04	-0.02	0.01	0.07	0.06
Other Income/Expense	-0.01	0.01	0.09	0.09	-0.16	-0.04
Income
Income Before Tax	-1.30	0.14	0.38	0.38	-0.08	-0.18
Income Tax Expense	-0.15	0.04	0.08	0.08	0.00	0.00
Net Income	-0.53	0.11	0.30	0.30	-0.08	-0.18
Net Income - Continuous Operations	-0.98	0.11	0.11	0.30	-0.08	-0.18
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	-0.42	0.30	0.38	0.49	0.08	0.03
EBIT	-0.77	0.19	0.29	1.22	0.01	-
Depreciation & Amortization	0.36	0.00	0.09	0.10	0.09	0.13
Earnings Per Share
Basic EPS	-9.00	1.00	2.00	2.00	-1.00	-1.00
Diluted EPS	-5.00	1.00	2.00	2.00	-1.00	-1.00
Basic Shares Outstanding	0.11	0.11	0.12	0.12	0.15	0.15
Diluted Shares Outstanding	0.11	0.11	0.15	0.15	0.15	0.15

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Algoma Steel Group Financial Statements

What was Algoma Steel Group's revenue in fiscal 2026?

Algoma Steel Group reported revenue of CAD 2.09B in fiscal 2026 (fiscal year ended Dec 31, 2025).

Is Algoma Steel Group profitable?

No. Algoma Steel Group reported a net loss of CAD 531.70M in fiscal 2026.

What is Algoma Steel Group's operating margin?

Algoma Steel Group's operating income was −CAD 670.60M on revenue of CAD 2.09B in fiscal 2026, an operating margin of -32.2%.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition