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Algoma Steel Group Inc.
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Last updated Oct 16, 2026.
Overview
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
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.
Products and services by year
| Products and services | 2025 |
|---|---|
| Steel Sheet and Strip | 1.3B CAD |
| Steel Plate | 565.8M CAD |
| Freight | 175.3M CAD |
| Non Steel | 32.0M CAD |
| Slab | 800.0K CAD |
Regions
United States brought in 54% of the revenue Algoma Steel Group Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2025 |
|---|---|
| United States | 1.1B CAD |
| CA [member] | 930.4M CAD |
| Rest of the World | 23.1M 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
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 |
|---|---|
| Revenue | 2.1B CAD |
| Cost of sales | 2.8B CAD |
| Administrative and selling expenses | 112.2M CAD |
| Impairment loss | 503.4M CAD |
| Severance Costs | 45.8M CAD |
| Loss from operations | -1.3B CAD |
| Finance income | -6.6M CAD |
| Finance costs | 72.1M CAD |
| Interest on pension and other post-employment benefit obligations | 15.8M 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 derivative | 5.7M 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 |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 |
|---|---|---|---|
| Cash | 77.5M CAD | 266.9M CAD | |
| Restricted cash | 100.0K CAD | 100.0K CAD | |
| Taxes receivable | 206.9M CAD | 84.3M CAD | |
| Accounts receivable, net | 192.7M CAD | 227.6M CAD | |
| Inventories | 569.3M CAD | 879.2M CAD | |
| Prepaid expenses and deposits | 30.4M CAD | 42.8M CAD | |
| Other assets | 5.5M CAD | 5.5M CAD | |
| Total current assets | 1.1B CAD | 1.5B CAD | |
| Property, plant and equipment, net | 1.0B CAD | 2.4B CAD | 1.7B CAD |
| Intangible assets, net | 300.0K CAD | 500.0K CAD | |
| Other assets | 3.3M CAD | 16.6M CAD | |
| Total non-current assets | 1.0B CAD | 1.7B CAD | |
| Total assets | 2.1B CAD | 3.2B CAD | |
| Bank indebtedness | 170.2M CAD | 400.0K CAD | |
| Accounts payable and accrued liabilities | 203.9M CAD | 319.1M CAD | |
| Taxes payable and accrued taxes | 32.7M CAD | 41.6M CAD | |
| Current portion of other long-term liabilities | 5.8M CAD | 3.2M CAD | |
| Current portion of governmental loans | 14.0M CAD | 25.0M CAD | |
| Current portion of environmental liabilities | 4.7M CAD | 4.2M CAD | |
| Severance cost liability | 45.8M CAD | 0 CAD | |
| IPO Warrant liability | 2.5M CAD | 52.2M CAD | |
| Earnout liability | 3.7M CAD | 10.1M CAD | |
| Share-based payment compensation liability | 14.1M CAD | 34.5M CAD | |
| Total current liabilities | 497.4M CAD | 490.3M CAD | |
| Senior secured lien notes | 476.6M CAD | 498.4M CAD | |
| Long-term governmental loans | 192.3M CAD | 133.6M CAD | |
| Accrued pension liability | 153.0M CAD | 178.3M CAD | |
| Accrued other post-employment benefit obligation | 193.0M CAD | 206.2M CAD | |
| Other long-term liabilities | 70.7M CAD | 26.7M CAD | |
| Environmental liabilities | 34.3M CAD | 33.3M CAD | |
| Deferred income tax liabilities | 0 CAD | 110.9M CAD | |
| LETL warrant liability | 7.5M CAD | 0 CAD | |
| Total non-current liabilities | 1.1B CAD | 1.2B CAD | |
| Total liabilities | 1.6B CAD | 1.7B CAD | |
| Capital stock | 975.5M CAD | 974.8M CAD | |
| Accumulated other comprehensive income | 414.4M CAD | 439.6M CAD | |
| (Deficit) retained earnings | -897.9M CAD | 102.0M CAD | |
| Contributed deficit | -900.0K CAD | -7.9M CAD | |
| Total shareholders' equity | 491.1M CAD | 1.5B CAD | |
| Total liabilities and shareholders' equity | 2.1B CAD | 3.2B CAD |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 |
|---|---|
| Net loss | -984.9M CAD |
| Depreciation of property, plant and equipment and intangible assets | 355.9M CAD |
| Deferred income tax expense | -106.8M CAD |
| Pension funding in excess of expense | -6.8M CAD |
| Post-employment benefit funding in excess of expense | -13.2M CAD |
| accrued pension liability | 8.1M CAD |
| post-employment benefit obligations | 10.0M CAD |
| Finance costs | 72.1M CAD |
| Severance costs | 45.8M CAD |
| Loss on disposal of property, plant and equipment | 400.0K CAD |
| Interest on pension and other post-employment benefit obligations | 15.8M CAD |
| Other income | -76.2M CAD |
| Accretion of governmental loans and environmental liabilities | 16.0M CAD |
| Unrealized foreign exchange gain on government loan facilities | 8.5M CAD |
| (Decrease) increase in fair value of IPO and LETL Warrant liabilities | -41.5M CAD |
| (Decrease) increase in fair value of earnout liability | -5.6M CAD |
| (Decrease) increase in fair value of share-based payment compensation liability | -19.8M CAD |
| Impairment loss | 503.4M CAD |
| Other | 25.1M CAD |
| Cash flows from (used in) operations | -193.7M CAD |
| Net change in non-cash operating working capital | 75.1M CAD |
| Share-based payment compensation and earnout units settled | 0 CAD |
| Environmental liabilities paid | -1.0M CAD |
| Insurance proceeds for operating expenses | 53.5M CAD |
| Cash (used in) generated by operating activities | -66.1M CAD |
| Acquisition of property, plant and equipment | -328.5M CAD |
| Insurance proceeds for property damage | 15.0M CAD |
| Proceeds from land sale | 1.2M CAD |
| Cash used in investing activities | -312.3M CAD |
| Bank indebtedness advanced, net | 171.4M CAD |
| Restricted cash | 0 CAD |
| Senior secured lien notes issued, net of underwriter fees | 0 CAD |
| Transaction costs on senior secured lien notes | 0 CAD |
| Governmental loans received | 99.7M CAD |
| Governmental loans transaction costs | -2.8M CAD |
| Repayment of governmental loans | -14.0M CAD |
| Interest paid | -48.1M CAD |
| Dividends paid | -14.8M CAD |
| Other | 9.4M CAD |
| Cash generated by financing activities | 200.8M CAD |
| Effect of exchange rate changes on cash | -11.8M CAD |
| (Decrease) increase in cash | -189.4M CAD |
Former names
- 1295908 B.C. LTD.May 25, 2021 to Jun 21, 20213
Recent filings
- Oct 2, 20266-K
- Sep 2, 20266-K
- Aug 18, 20266-K
- Aug 14, 2026SCHEDULE 13G/A
- Aug 11, 2026SCHEDULE 13G
- Jul 30, 20266-K
- Jul 17, 20266-K
- Jul 1, 20266-K
- Jun 24, 20266-K
- Jun 5, 20266-K
- May 22, 20266-K
- May 15, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G/A
- May 13, 20266-K
- May 13, 2026SCHEDULE 13G
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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