Klöckner & Co doubles operating income before material special effects in third quarter of 2025 and continues positive trend

• Operating income (EBITDA) of €43 million before material special effects in the third quarter of 2025 considerably above prior-year level (Q3 2024: €21 million)

• Third-quarter shipments: 1.1 million metric tons, a slight increase of 1.9% compared to the prior-year quarter (Q3 2024: 1.1 million metric tons)

• At €1.6 billion, sales slightly down by -2.2% compared to the prior-year quarter due to price factors (Q3 2024: €1.6 billion)

• Focus on higher value-added and service center business further strengthened with sale of eight US distribution sites

• EBITDA before material special effects still expected to be between €170 million and €240 million for the full year 2025

Düsseldorf, Germany, November 5, 2025 – In the third quarter of 2025, Klöckner & Co generated EBITDA of €43 million before material special effects, marking a considerable increase on the prior-year quarter (Q3 2024: €21 million) and thus continuing the positive trend from the first two quarters. In the first nine months of 2025, EBITDA before material special effects amounted to €150 million (9M 2024: €104 million). After negative special effects of €33 million, which mainly related to the sale of the Brazilian subsidiary (€20 million, €19 million of which consisted of exchange rate losses on deconsolidation) and to restructuring measures at the holding companies and in the Kloeckner Metals Europe segment, Klöckner & Co generated EBITDA of €117 million (9M 2024: €93 million). In the third quarter of 2025, the net loss from continuing operations improved to €13 million compared to a net loss of €29 million in the prior-year quarter. Including the material special effects above, the net loss from continuing operations amounted to €38 million in the first nine months of 2025 compared to a net loss of €55 million in the comparative period. Basic earnings per share therefore came to €-0.39, compared to €-0.55 in the prior- year comparative period. Including discontinued operations, the net loss for the first nine months came to €38 million in 2025 (9M 2024: €-84 million).

Shipments came to 1.1 million metric tons in the third quarter of 2025, marking a slight increase of 1.9% compared to the prior-year quarter (Q3 2024: 1.1 million metric tons). In the first nine months, the Company raised shipments by 1.5% to 3.5 million metric tons (9M 2024: 3.4 million metric tons). The increases in shipments are mainly due to a continued positive trend in the Kloeckner Metals Americas segment. Despite the higher shipments, sales in the third quarter, at €1.6 billion, were slightly down by 2.2% compared to the prior-year level due to a lower average price level (Q3 2024: €1.6 billion). In the first nine months, sales fell slightly by 4.5% to €4.9 billion, likewise price driven (9M 2024: €5.1 billion).

In the third quarter of 2025, Klöckner & Co’s cash flow from operating activities was €-118 million (Q3 2024: €-62 million). The cash outflow from investing activities in the third quarter of 2025 amounted to €23 million. This resulted in a free cash flow of €-141 million in the third quarter of 2025 (Q3 2024: €-94 million). The free cash flow in the first nine months of 2025 was €-237 million (9M 2024: €-120 million). The cash outflow in the reporting period was mainly driven by temporarily higher net working capital in the Kloeckner Metals Americas segment.

Focus on higher value-added and service center business further strengthened in North America and Europe

As part of the corporate strategy, “Klöckner & Co: Leveraging Strengths – Step Up 2030,” the company has further strengthened its focus on the higher value-added and service center business. The sale of eight distribution sites of the US subsidiary Kloeckner Metals Corporation will further reduce dependence on volatile commodity markets. Excluding the eight distribution sites, the share of sales generated by the higher value- added and service center business was 87% in the first nine months of 2025 and hence six percentage points higher than with those sites included.

Additionally, the company has further expanded its capabilities as a technology partner in the defense and infrastructure sector in Germany. At the beginning of the year, Klöckner & Co’s German subsidiary acquired and successfully integrated Ambo-Stahl, a provider of high-quality processing services for the defense and infrastructure sector. Building on this acquisition, Klöckner & Co has expanded its service portfolio and obtained official certification in Kassel for processing armor materials in accordance with the technical supply conditions approval for the German Federal Armed Forces (Bundeswehr TL-Zulassung). The expansion of capabilities is a further step towards profiting more from increased defense expenditure across Europe.

Outlook

For fiscal year 2025, Klöckner & Co continues to expect EBITDA of €170 million to €240 million before material special effects. Furthermore, the company continues to expect a significantly positive cash flow from operating activities for fiscal year 2025.