The American mining and mining company Cleveland-Cliffs Inc. reported results for the fourth quarter and the full year for the period ended December 31, 2025.
In the fourth quarter, the company reported total revenue of $4.3 billion, which is in line with revenue for the fourth quarter of the previous year of $4.3 billion. The company recorded a net loss of $235 million in the fourth quarter of last year, compared with a net loss of $434 million in the corresponding period of 2024.
In 2025, the company reported a net loss of $1.4 billion compared to a net profit of $450 million in 2024, with total revenue of $18.6 billion compared to the $19.2 billion recorded in 2024. 2024
In the fourth quarter, the company's adjusted EBITDA loss for the steel and manufacturing division was US$ 21 million, while for the full year, the company's adjusted EBITDA for the steel and manufacturing division was US$37 million.
Lorenzo Gonçalves, CEO of the company, said: "Our results in 2025 were negatively impacted by persistently low production levels from the automotive sector throughout the year, the expiring five-year slab contract has been disruptive to value over the past year, as well as new unfavorable dynamics in the Canadian market. Fortunately, all these negative situations have improved since the beginning of 2026. At the same time, the trading environment in the United States continues to evolve in a very constructive direction, setting the stage for a significant improvement in results this year."
