Algoma Steel Group Inc

NASDAQ:ASTLUnited StatesView on Canadian Exchange

plant and equipment and amortization of intangible assets 36.3 25.3 69.5 48.6 Finance costs 19.2 5.4 35.6 10.5 Interest on pension and other post-employment benefit obligations 5.3 4.8 10.7 9.6 Income taxes (17.2) 11.9 (21.5) 51.2 Foreign exchange loss (gain) 9.6 (11.6) 2.8 (0.6) Finance income (7.0) (3.1) (12.4) (6.4) Inventory write-downs(depreciation on property, plant and equipment in inventory) (1.7) 4.3 4.7 4.7 Carbon tax 12.5 12.2 22.0 14.7 Increase (decrease) in fair value of warrant liability 27.3 0.3 11.7 (17.2) Increase (decrease) in fair value of earnout liability 5.4 (0.7) 2.9 (2.7) Increase (decrease) in fair value of share-based payment compensation liability 12.5 (1.3) 6.7 (5.3) Share-based compensation 7.9 2.4 9.0 3.0 -------- ------ ------- ------ Adjusted EBITDA (i) $3.5 $81.0 $41.2 $272.1 ======== ====== ======= ====== Net (loss) income Margin (17.8%) 4.2% (8.0%) 10.4% -------- ------ ------- ------ Net (loss) income / ton ($204.8) $56.6 ($98.2) $144.8 -------- ------ ------- ------ Adjusted EBITDA Margin (ii) 0.6% 11.1% 3.3% 17.4% -------- ------ ------- ------ Adjusted EBITDA / ton $6.7 $147.5 $40.3 $243.3 -------- ------ ------- ------ (i) See "Non-IFRS Financial Measures" in this Press Release for information regarding the limitations of using Adjusted EBITDA. (ii) Adjusted EBITDA Margin is Adjusted EBITDA as a percentage of revenue.

Algoma Steel to Announce Fiscal 2025 Second Quarter Results November 6, 2024

SAULT STE. MARIE, Ontario, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) ("Algoma" or "the Company"), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2025 second quarter financial results after the market closes on Wednesday, November 6, 2024. A webcast and conference call will be held on Thursday, November 7, 2024 at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.