The Brazilian steel and iron ore producer Usiminas has announced its financial results for 2025. The company posted a net loss of BRL 2.910 billion ($555.7 million), against a net profit of BRL 3.0 million in 2024.
The company attributes the downturn mainly to a BRL 2.2 billion ($421.45 mililon) asset impairment loss and reassessment of deferred tax recoverability in the third quarter of 2025, both non-cash events. Excluding these factors, net profit for 2025 would have been BRL 702 million.
Net sales revenues increased by two percent to BRL 26.263 billion ($5.03 billion), the cost of the products sold declined by one percent to BRL 24.079 billion ($4.6 billion) and the gross profit increased by 32 percent to BRL 2.183 billion ($418.19 million).
With operational expenses increased by 206 percent to BRL 3.547 billion ($679.5 million), the company had an operational loss of BRL 1.363 billion ($261.1 million), comparable to an operational profit of BRL 500 million in 2024.
In volume, sales of steel products increased in 2025 by two percent to 4.357 million mt, while iron ore sales increased by 14 percent to 9.641 million mt.
USD = BRL 5.22 (February 13)
