Arcelormittal South Africa Ltd
JSE:ACL
Income Statement
Earnings Waterfall
Arcelormittal South Africa Ltd
Income Statement
Arcelormittal South Africa Ltd
| Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
233
|
0
|
0
|
0
|
217
|
0
|
0
|
0
|
169
|
0
|
0
|
0
|
196
|
0
|
0
|
0
|
230
|
0
|
0
|
0
|
325
|
0
|
66
|
0
|
85
|
0
|
0
|
0
|
103
|
0
|
0
|
0
|
170
|
0
|
0
|
0
|
169
|
0
|
0
|
894
|
542
|
991
|
895
|
876
|
822
|
310
|
361
|
627
|
516
|
734
|
904
|
1 067
|
1 123
|
1 167
|
1 233
|
|
| Revenue |
23 053
N/A
|
24 249
+5%
|
24 895
+3%
|
24 678
-1%
|
24 032
-3%
|
24 031
0%
|
23 967
0%
|
24 903
+4%
|
25 363
+2%
|
26 792
+6%
|
27 868
+4%
|
28 285
+1%
|
29 333
+4%
|
30 147
+3%
|
33 129
+10%
|
38 955
+18%
|
39 914
+2%
|
38 003
-5%
|
33 471
-12%
|
27 025
-19%
|
25 598
-5%
|
26 928
+5%
|
29 803
+11%
|
30 127
+1%
|
30 224
+0%
|
30 494
+1%
|
30 635
+0%
|
31 028
+1%
|
31 453
+1%
|
32 819
+4%
|
32 670
0%
|
32 664
0%
|
32 291
-1%
|
30 915
-4%
|
30 389
-2%
|
31 567
+4%
|
32 421
+3%
|
33 813
+4%
|
34 458
+2%
|
39 022
+13%
|
42 739
+10%
|
45 274
+6%
|
44 149
-2%
|
41 353
-6%
|
53 367
+29%
|
24 643
-54%
|
43 239
+75%
|
39 708
-8%
|
43 288
+9%
|
40 771
-6%
|
39 640
-3%
|
41 637
+5%
|
41 098
-1%
|
38 596
-6%
|
35 208
-9%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(10 617)
|
0
|
0
|
0
|
(11 534)
|
0
|
0
|
0
|
(14 023)
|
0
|
0
|
0
|
(15 736)
|
0
|
0
|
0
|
(20 784)
|
0
|
0
|
0
|
(20 001)
|
0
|
0
|
(5 284)
|
(21 653)
|
(16 995)
|
(23 328)
|
(24 251)
|
(24 494)
|
(25 796)
|
(26 393)
|
(26 304)
|
(25 739)
|
(24 921)
|
(23 830)
|
(24 628)
|
(25 152)
|
(25 928)
|
(27 397)
|
(32 814)
|
(33 914)
|
(34 146)
|
(34 655)
|
(36 189)
|
(47 436)
|
(21 098)
|
(33 770)
|
(24 941)
|
(27 844)
|
(30 678)
|
(32 325)
|
(34 908)
|
(34 997)
|
(34 254)
|
(32 317)
|
|
| Gross Profit |
12 436
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
12 498
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
11 340
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
13 597
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
19 130
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
5 597
N/A
|
0
N/A
|
0
N/A
|
1 943
N/A
|
8 571
+341%
|
4 841
-44%
|
7 307
+51%
|
6 777
-7%
|
6 959
+3%
|
7 023
+1%
|
6 277
-11%
|
6 360
+1%
|
6 552
+3%
|
5 994
-9%
|
6 559
+9%
|
6 939
+6%
|
7 269
+5%
|
7 885
+8%
|
7 061
-10%
|
6 208
-12%
|
8 825
+42%
|
11 128
+26%
|
9 494
-15%
|
5 164
-46%
|
5 931
+15%
|
3 545
-40%
|
9 469
+167%
|
14 767
+56%
|
15 444
+5%
|
10 093
-35%
|
7 315
-28%
|
6 729
-8%
|
6 101
-9%
|
4 342
-29%
|
2 891
-33%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(5 789)
|
(16 133)
|
(15 878)
|
(16 314)
|
(5 654)
|
(18 113)
|
(18 952)
|
(19 533)
|
(5 507)
|
(19 765)
|
(19 796)
|
(20 170)
|
(5 894)
|
(22 335)
|
(24 263)
|
(26 895)
|
(6 850)
|
(28 003)
|
(26 953)
|
(25 667)
|
(5 342)
|
(25 439)
|
(26 894)
|
(21 599)
|
(6 420)
|
(12 156)
|
(6 576)
|
(6 758)
|
(6 662)
|
(6 566)
|
(6 649)
|
(6 540)
|
(7 029)
|
(7 138)
|
(7 064)
|
(7 088)
|
(7 222)
|
(9 185)
|
(9 038)
|
(7 428)
|
(7 838)
|
(8 351)
|
(8 163)
|
(7 523)
|
(9 818)
|
(4 469)
|
(7 448)
|
(6 794)
|
(7 178)
|
(6 594)
|
(6 957)
|
(7 551)
|
(9 674)
|
(8 107)
|
(6 645)
|
|
| Selling, General & Administrative |
(4 802)
|
0
|
0
|
0
|
(4 472)
|
0
|
0
|
0
|
(2 394)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(25)
|
(73)
|
(15)
|
(20)
|
(4)
|
(27)
|
(14)
|
17
|
6
|
2
|
(2)
|
(3)
|
(10)
|
(12)
|
|
| Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(54)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Depreciation & Amortization |
(987)
|
0
|
(578)
|
0
|
(1 182)
|
0
|
0
|
0
|
(1 166)
|
0
|
0
|
0
|
(1 099)
|
0
|
0
|
0
|
(1 322)
|
0
|
0
|
0
|
(1 292)
|
(343)
|
(688)
|
(1 029)
|
(1 371)
|
(1 378)
|
(1 389)
|
(1 398)
|
(1 423)
|
(1 432)
|
(1 498)
|
(1 541)
|
(1 598)
|
(1 617)
|
(1 562)
|
(1 549)
|
(1 563)
|
(1 546)
|
(1 471)
|
(976)
|
(890)
|
(831)
|
(857)
|
(830)
|
(1 102)
|
(556)
|
(829)
|
(601)
|
(684)
|
(771)
|
(820)
|
(878)
|
(794)
|
(818)
|
(918)
|
|
| Other Operating Expenses |
0
|
(16 133)
|
(15 300)
|
(16 314)
|
0
|
(18 113)
|
(18 952)
|
(19 533)
|
(1 893)
|
(19 765)
|
(19 796)
|
(20 170)
|
(4 795)
|
(22 335)
|
(24 263)
|
(26 895)
|
(5 528)
|
(28 003)
|
(26 953)
|
(25 667)
|
(4 050)
|
(25 096)
|
(26 206)
|
(20 570)
|
(5 049)
|
(10 778)
|
(5 187)
|
(5 360)
|
(5 239)
|
(5 134)
|
(5 151)
|
(4 999)
|
(5 431)
|
(5 521)
|
(5 502)
|
(5 539)
|
(5 659)
|
(7 639)
|
(7 567)
|
(6 452)
|
(6 948)
|
(7 495)
|
(7 233)
|
(6 678)
|
(8 696)
|
(3 909)
|
(6 592)
|
(6 179)
|
(6 511)
|
(5 829)
|
(6 139)
|
(6 671)
|
(8 877)
|
(7 279)
|
(5 715)
|
|
| Operating Income |
6 647
N/A
|
8 116
+22%
|
9 017
+11%
|
8 364
-7%
|
6 844
-18%
|
5 918
-14%
|
5 015
-15%
|
5 370
+7%
|
5 833
+9%
|
7 027
+20%
|
8 072
+15%
|
8 115
+1%
|
7 703
-5%
|
7 812
+1%
|
8 866
+13%
|
12 060
+36%
|
12 280
+2%
|
10 000
-19%
|
6 518
-35%
|
1 358
-79%
|
255
-81%
|
1 489
+484%
|
2 909
+95%
|
3 244
+12%
|
2 151
-34%
|
1 343
-38%
|
731
-46%
|
19
-97%
|
297
+1 463%
|
457
+54%
|
(372)
N/A
|
(180)
+52%
|
(477)
-165%
|
(1 144)
-140%
|
(505)
+56%
|
(149)
+70%
|
47
N/A
|
(1 300)
N/A
|
(1 977)
-52%
|
(1 220)
+38%
|
987
N/A
|
2 777
+181%
|
1 331
-52%
|
(2 359)
N/A
|
(3 887)
-65%
|
(924)
+76%
|
2 021
N/A
|
7 973
+295%
|
8 266
+4%
|
3 499
-58%
|
358
-90%
|
(822)
N/A
|
(3 573)
-335%
|
(3 765)
-5%
|
(3 754)
+0%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
383
|
453
|
646
|
564
|
572
|
360
|
671
|
1 025
|
875
|
861
|
379
|
55
|
468
|
927
|
1 096
|
1 292
|
1 059
|
466
|
(362)
|
(608)
|
(730)
|
(645)
|
134
|
75
|
(41)
|
(154)
|
(284)
|
(300)
|
18
|
(82)
|
(135)
|
(41)
|
(60)
|
(211)
|
(373)
|
(251)
|
(236)
|
(114)
|
(45)
|
(899)
|
(1 675)
|
489
|
1 202
|
(592)
|
(1 895)
|
(718)
|
(1 332)
|
(858)
|
(234)
|
(364)
|
(558)
|
(680)
|
(917)
|
(1 100)
|
(820)
|
|
| Non-Reccuring Items |
502
|
(21)
|
(21)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(85)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 950)
|
0
|
0
|
(2 604)
|
(2 005)
|
(10)
|
(12)
|
(1 401)
|
(1 092)
|
241
|
241
|
3
|
0
|
0
|
0
|
(2 115)
|
0
|
(682)
|
(683)
|
|
| Total Other Income |
(170)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(33)
|
(33)
|
0
|
(73)
|
(74)
|
(74)
|
(8)
|
(59)
|
(83)
|
(167)
|
49
|
(150)
|
(107)
|
(122)
|
(273)
|
(113)
|
(105)
|
(81)
|
(189)
|
(147)
|
(201)
|
(126)
|
(155)
|
(61)
|
(41)
|
(41)
|
(59)
|
(41)
|
0
|
(403)
|
(1 812)
|
(1 949)
|
(318)
|
(322)
|
(98)
|
(510)
|
(542)
|
(493)
|
(634)
|
(501)
|
(557)
|
(258)
|
(275)
|
(287)
|
(300)
|
|
| Pre-Tax Income |
7 362
N/A
|
8 548
+16%
|
9 642
+13%
|
8 928
-7%
|
7 416
-17%
|
6 278
-15%
|
5 686
-9%
|
6 395
+12%
|
6 708
+5%
|
7 888
+18%
|
8 418
+7%
|
8 137
-3%
|
8 171
+0%
|
8 666
+6%
|
9 888
+14%
|
13 278
+34%
|
13 246
0%
|
10 407
-21%
|
6 073
-42%
|
583
-90%
|
(443)
N/A
|
694
N/A
|
2 936
+323%
|
3 197
+9%
|
1 837
-43%
|
1 076
-41%
|
342
-68%
|
(362)
N/A
|
126
N/A
|
228
+81%
|
(708)
N/A
|
(347)
+51%
|
(692)
-99%
|
(1 416)
-105%
|
(919)
+35%
|
(441)
+52%
|
(2 198)
-398%
|
(1 455)
+34%
|
(2 022)
-39%
|
(5 126)
-154%
|
(4 505)
+12%
|
1 307
N/A
|
2 203
+69%
|
(4 674)
N/A
|
(6 972)
-49%
|
(1 911)
+73%
|
388
N/A
|
6 625
+1 607%
|
7 398
+12%
|
2 634
-64%
|
(757)
N/A
|
(3 875)
-412%
|
(4 765)
-23%
|
(5 834)
-22%
|
(5 557)
+5%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(2 485)
|
(2 763)
|
(3 099)
|
(2 970)
|
(2 346)
|
(2 102)
|
(1 916)
|
(2 142)
|
(2 062)
|
(2 372)
|
(2 493)
|
(2 629)
|
(2 455)
|
(2 454)
|
(2 742)
|
(3 431)
|
(3 865)
|
(3 265)
|
(2 111)
|
(447)
|
(35)
|
(188)
|
(789)
|
(914)
|
(492)
|
(292)
|
(120)
|
58
|
(118)
|
(125)
|
164
|
117
|
184
|
354
|
169
|
87
|
51
|
(96)
|
(1)
|
(2)
|
(2)
|
63
|
125
|
70
|
64
|
(62)
|
(108)
|
0
|
46
|
0
|
(40)
|
(45)
|
(10)
|
(5)
|
0
|
|
| Income from Continuing Operations |
4 877
|
5 785
|
6 543
|
5 958
|
5 070
|
4 176
|
3 770
|
4 253
|
4 646
|
5 516
|
5 925
|
5 508
|
5 716
|
6 212
|
7 146
|
9 847
|
9 381
|
7 142
|
3 962
|
136
|
(478)
|
506
|
2 147
|
2 283
|
1 345
|
784
|
222
|
(304)
|
8
|
103
|
(544)
|
(230)
|
(508)
|
(1 062)
|
(750)
|
(354)
|
(2 147)
|
(1 551)
|
(2 023)
|
(5 128)
|
(4 507)
|
1 370
|
2 328
|
(4 604)
|
(6 908)
|
(1 973)
|
280
|
6 625
|
7 444
|
2 634
|
(797)
|
(3 920)
|
(4 775)
|
(5 839)
|
(5 557)
|
|
| Income to Minority Interest |
(6)
|
(5)
|
(2)
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
4 871
N/A
|
5 780
+19%
|
6 541
+13%
|
5 958
-9%
|
5 068
-15%
|
4 179
-18%
|
3 770
-10%
|
4 253
+13%
|
4 646
+9%
|
5 516
+19%
|
5 925
+7%
|
5 508
-7%
|
5 716
+4%
|
6 212
+9%
|
7 146
+15%
|
9 847
+38%
|
9 381
-5%
|
7 142
-24%
|
3 962
-45%
|
136
-97%
|
(478)
N/A
|
506
N/A
|
2 147
+324%
|
2 283
+6%
|
1 345
-41%
|
784
-42%
|
222
-72%
|
(304)
N/A
|
8
N/A
|
103
+1 188%
|
(544)
N/A
|
(230)
+58%
|
(508)
-121%
|
(1 062)
-109%
|
(750)
+29%
|
(354)
+53%
|
(2 147)
-506%
|
(1 551)
+28%
|
(2 023)
-30%
|
(5 128)
-153%
|
(4 507)
+12%
|
1 370
N/A
|
2 328
+70%
|
(4 604)
N/A
|
(6 908)
-50%
|
(1 973)
+71%
|
280
N/A
|
6 625
+2 266%
|
7 444
+12%
|
2 634
-65%
|
(797)
N/A
|
(3 920)
-392%
|
(4 775)
-22%
|
(5 839)
-22%
|
(5 557)
+5%
|
|
| EPS (Diluted) |
10.9
N/A
|
12.95
+19%
|
14.6
+13%
|
13.32
-9%
|
11.34
-15%
|
9.34
-18%
|
8.44
-10%
|
9.55
+13%
|
10.41
+9%
|
12.36
+19%
|
13.07
+6%
|
12.33
-6%
|
12.79
+4%
|
13.91
+9%
|
15.74
+13%
|
22.07
+40%
|
20.97
-5%
|
16.01
-24%
|
8.8
-45%
|
0.33
-96%
|
-1.13
N/A
|
1.26
N/A
|
5.27
+318%
|
5.68
+8%
|
3.35
-41%
|
1.96
-41%
|
0.55
-72%
|
-0.76
N/A
|
0.02
N/A
|
0.26
+1 200%
|
-1.35
N/A
|
-0.57
+58%
|
-1.27
-123%
|
-2.65
-109%
|
-1.87
+29%
|
-0.88
+53%
|
-5.35
-508%
|
-3.84
+28%
|
-5
-30%
|
-4.69
+6%
|
-4.12
+12%
|
1.25
N/A
|
2.13
+70%
|
-4.19
N/A
|
-6.31
-51%
|
-1.8
+71%
|
0.25
N/A
|
5.94
+2 276%
|
6.68
+12%
|
2.36
-65%
|
-0.72
N/A
|
-3.52
-389%
|
-4.28
-22%
|
-5.24
-22%
|
-4.99
+5%
|
|