ASTL on Nasdaq

Algoma Steel Group Inc.

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Last updated Oct 16, 2026.

Overview

2.1BRevenue, fiscal 20252
-$984.9MNet income, fiscal 20252

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  • TickerASTL on Nasdaq
  • IndustrySteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
  • HeadquartersA1
  • Incorporated inBritish Columbia, Canada3
  • Business address105 West Street, Sault Ste. Marie, A6 P6A 7B43
  • Filer categoryNon-accelerated filer3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2025

-63.6%Operating margin2
-47.2%Net margin2
-25.4%Revenue growth, 20252
-200.5%Return on equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Steel Sheet and Strip brought in 63% of the revenue Algoma Steel Group Inc. broke down this way in fiscal 2025.

  1. Steel Sheet and Strip1.3B CAD263%
  2. Steel Plate565.8M CAD227%
  3. Freight175.3M CAD28%
  4. Non Steel32.0M CAD22%
  5. Slab800.0K CAD20%
Products and services by year
Products and services2025
Steel Sheet and Strip1.3B CAD
Steel Plate565.8M CAD
Freight175.3M CAD
Non Steel32.0M CAD
Slab800.0K CAD

Regions

United States brought in 54% of the revenue Algoma Steel Group Inc. broke down this way in fiscal 2025.

  1. United States1.1B CAD254%
  2. CA [member]930.4M CAD245%
  3. Rest of the World23.1M CAD21%
Regions by year
Regions2025
United States1.1B CAD
CA [member]930.4M CAD
Rest of the World23.1M CAD

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢2.1B CAD

Out of 2.1B CAD in revenue.2 The company lost money this year.

Financial statements

Revenue456722.1B CAD in 2025+7% since 2020
01.0B CAD2.0B CAD3.0B CAD4.0B CAD2020: 2.0B CAD2.0B CAD20202021: 1.8B CAD1.8B CAD2021−8%2022: 3.8B CAD3.8B CAD2022+112%2023: 2.8B CAD2.8B CAD2023−27%2024: 2.8B CAD2.8B CAD2024+1%2025: 2.1B CAD2.1B CAD2025−25%
Operating income45672-1.3B CAD in 2025+868% since 2020
-2.0B CAD-1.0B CAD01.0B CAD2.0B CAD2020: -137.0M CAD-137.0M CAD20202021: 84.8M CAD84.8M CAD20212022: 1.4B CAD1.4B CAD2022+1564%2023: 290.5M CAD290.5M CAD2023−79%2024: 167.3M CAD167.3M CAD2024−42%2025: -1.3B CAD-1.3B CAD2025

Every line of the income statement in the latest annual report, as filed.2

Period ending2025-12-31
Revenue2.1B CAD
Cost of sales2.8B CAD
Administrative and selling expenses112.2M CAD
Impairment loss503.4M CAD
Severance Costs45.8M CAD
Loss from operations-1.3B CAD
Finance income-6.6M CAD
Finance costs72.1M CAD
Interest on pension and other post-employment benefit obligations15.8M CAD
Foreign exchange loss (gain)30.6M CAD
Other income-76.2M CAD
"Change in fair value of Initial Public Offering (""IPO"") and Large Enterprise Tariff Loan (""LETL"") Warrant liabilities"-41.5M CAD
Change in fair value of earnout liability-5.6M CAD
Change in fair value of share-based compensation liability-19.8M CAD
Change in fair value of derivative5.7M CAD
Other (income) and expense-25.5M CAD
Loss before income taxes-1.3B CAD
Income tax recovery-315.8M CAD
Net loss-984.9M CAD
Basic-9.06 CAD
Diluted-9.06 CAD

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Former names

  • 1295908 B.C. LTD.May 25, 2021 to Jun 21, 20213

Recent filings

  1. Oct 2, 20266-K
  2. Sep 2, 20266-K
  3. Aug 18, 20266-K
  4. Aug 14, 2026SCHEDULE 13G/A
  5. Aug 11, 2026SCHEDULE 13G
  6. Jul 30, 20266-K
  7. Jul 17, 20266-K
  8. Jul 1, 20266-K
  9. Jun 24, 20266-K
  10. Jun 5, 20266-K
  11. May 22, 20266-K
  12. May 15, 2026SCHEDULE 13G/A
  13. May 15, 2026SCHEDULE 13G/A
  14. May 13, 20266-K
  15. May 13, 2026SCHEDULE 13G

Every filing from the last three years, summarized. The full record is on SEC EDGAR.1