ASTL PRESS-RELEASE SEC Filing Analysis

Final — all horizons settled through T+60d

ASTL ▲ +34.42% at T+60d

SHORT call ✗ call lost -34.42% · α vs SPY -23.72% · entry $3.69 → $4.96

Last close $4.94 (close Jun 8) · -33.88% from $3.69 entry (call sign-flipped)

Entry anchored
Mar 11, 03:59 PM ET
via Databento tick

T+1d

-6.23%

call +6.23% · α +5.64%

$3.46

settled 3mo ago

T+5d

-1.35%

call +1.35% · α +0.38%

$3.64

settled 3mo ago

T+20d

+27.64%

call -27.64% · α -25.67%

$4.71

settled 2mo ago

T+60d

+34.42%

call -34.42% · α -23.72%

$4.96

settled 5d ago

Price Chart

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Executive Summary

Algoma Steel reported sharply worse financial results for Q4 and full-year 2025, with revenue down significantly year-over-year and massive losses driven by U.S. Section 232 tariffs, lower shipments, and costs tied to its accelerated transition to electric arc furnace (EAF) steelmaking. Despite operational progress on the EAF ramp-up and securing $500 million in government liquidity support, the company's financial performance deteriorated substantially.

Key Financial Metrics

Revenue

$455.0M

-22.9% YoY

EPS

$-3.36

Actionable Insight

Traders should monitor the pace of EAF ramp-up and cost stabilization, as well as any developments on U.S. trade policy regarding Section 232 tariffs. The $500 million liquidity facility provides near-term runway, but profitability remains deeply challenged. Equity dilution risk may increase if additional capital is needed.

Key Facts

Q4 2025 revenue was $455.0 million, down from $590.3 million in Q4 2024 (-22.9% YoY)
Q4 2025 net loss was $364.7 million vs. $66.5 million loss in prior year
Full-year 2025 revenue was $2.086 billion vs. $2.462 billion in 2024 (-15.3% YoY)
Full-year 2025 net loss was $984.9 million vs. $139.0 million loss in prior year
Adjusted EBITDA loss of $261.4 million in 2025 vs. $22.4 million gain in 2024
Shipments down 31% in Q4 and 14% for full year due to U.S. tariffs and operational transition
Company secured $500 million in government liquidity support (LETL Facilities)
Blast furnace operations ceased after December 31, 2025, accelerating EAF transition

Financial Impact

Revenue decline of $376 million and EBITDA deterioration of $283.8 million year-over-year, with net losses increasing by $845.9 million

revenueepsebitdaoperating_incomenet_incomeshipments

Risk Factors

Continued exposure to U.S. trade tariffs limiting export markets
Execution risk in EAF ramp-up and product quality consistency
Sustained negative EBITDA and cash flow pressure
High fixed costs during transition period with reduced output

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3254193

6 reports for ASTL

T+1T+5T+20T+60

67% Hit rate 2 of 3 directional calls best @ T+5▲ +14.97%Apr 7, 2026

Filters

Reports for ASTL — sortable, filterable
	Type				Now
Jun 4, 2026 5d ago	Press Release NEUTRAL ★ 3/10	$5.40 awaiting T+5	awaiting T+5	—	$4.94 (−8.52%)
May 12, 2026 28d ago	Press Release BEARISH ★ 8/10	$5.00 $5.18	▼ −3.60%	▼ −4.76%	$4.94 (+1.20%)
Apr 30, 2026 5w ago	Press Release NEUTRAL ★ 2/10	$4.82 $5.14	▲ +6.64%	▲ +4.29%	$4.94 (+2.49%)
Apr 7, 2026 9w ago	Press Release BULLISH ★ 6/10	$4.41 $5.07	▲ +14.97%	▲ +9.64%	$4.94 (+12.02%)
Mar 11, 2026 12w ago	Press Release BEARISH ★ 8/10	$3.69 $3.64	▲ +1.35%	▲ +0.38%	$4.94 (−33.88%)
Feb 28, 2026 14w ago	Institutional Cluster BULLISH ★ 6/10	$4.72 $4.34	▼ −8.05%	▼ −6.84%	$4.94 (+4.66%)

US Market Status

Market Closed — Opens in 6h 59m

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