Brazilian steel and iron ore producer Usiminas posted a net loss of BRL 2.910 billion ($555.7 million) versus a net profit of BRL 3.0 million in 2024.
The company attributes the decline mainly to an asset impairment charge of BRL 2.2 billion and a reassessment of deferred tax recoverability in the third quarter of 2025 year, which is a non-monetary event. Excluding these factors, net profit for 2025 would have been BRL 702 million.
Net sales increased 2 percent to BRL 26.263 billion, cost of products sold decreased 1 percent to BRL 24.079 billion, and gross profit increased 32 percent to BRL 2.183 billion. BRL.
With an increase in operating expenses by 206 percent to BRL 3.547 billion, the company's operating loss amounted to BRL 1.363 billion, which is comparable to an operating profit of BRL 500 million in 2024.
In physical terms, sales of metal products increased in 2025 by 2 percent to 4.357 million tons, and iron ore sales increased by 14 percent to 9.641 million tons.
USD = BRL 5.22 (February 13)
