German steel company Thyssenkrupp announced financial results for the first quarter ending December 31 of the 2025-26 financial year.
The company reported a net loss of €334 million in the quarter, compared with a net loss of €33 million recorded in the same quarter of the previous financial year, while its sales revenue was €7.19 billion, decreasing by 8.2% year on year. In addition, Thyssenkrupp reported an EBITDA loss of €52 million, compared with EBITDA of €394 million recorded in the first quarter of the 2024-25 financial year.
In the first quarter, orders in the company's steel division were €2.23 billion, compared with €2.31 billion recorded in the same quarter of the previous financial year. while its sales fell 9.8% year-on-year to €1.96 billion. In addition, the steel division's adjusted EBIT loss stood at €187 million, compared with an adjusted EBIT of €146 million in the first quarter of the 2024-25 financial year.
Thyssenkrupp said that despite the challenging economic environment and regulatory uncertainty, construction of the direct reduction plant in Duisburg is moving forward. It has also entered into confidential discussions with Indian company Jindal Steel International about the potential sale of Thyssenkrupp Steel Europe, with due diligence ongoing at the center.
