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ASTL on Nasdaq

Algoma Steel Group Inc.

Canadian steel works based in Sault Ste Marie, incorporated in British Columbia2

In its 2022 annual report (Form 20-F) the company says: “Algoma Steel USA Inc., located at 1209 Orange Street, Wilmington, Delaware, is the company’s agent for service of process in the United States.”21 Its shares trade on Nasdaq under the symbol ASTL.2

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Last updated Oct 21, 2026.

Overview

2.1BRevenue, fiscal 20253
-$984.9MNet income, fiscal 20253

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  • TickerASTL on Nasdaq2
  • IndustrySteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)2
  • HeadquartersSault Ste Marie, Canada2
  • Incorporated inBritish Columbia, Canada4
  • Business address105 West Street, Sault Ste. Marie, A6 P6A 7B44
  • Filer categoryNon-accelerated filer4
  • Legal formCompany (includes community contribution company and unlimited liability company)2
  • LEI549300Q5EU337A1XCX272
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address1600 - 925 WEST GEORGIA STREET, V6C 3L2 Vancouver, Canada2
  • Registered withBC Registry Services, BC12959082

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2025

-63.6%Operating margin3
-47.2%Net margin3
-25.4%Revenue growth, 20253
-200.5%Return on equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Steel Sheet and Strip brought in 63% of the revenue Algoma Steel Group Inc. broke down this way in fiscal 2025.

  1. Steel Sheet and Strip1.3B CAD363%
  2. Steel Plate565.8M CAD327%
  3. Freight175.3M CAD38%
  4. Non Steel32.0M CAD32%
  5. Slab800.0K CAD30%
Products and services by year
Products and services2025
Steel Sheet and Strip1.3B CAD
Steel Plate565.8M CAD
Freight175.3M CAD
Non Steel32.0M CAD
Slab800.0K CAD

Regions

United States brought in 54% of the revenue Algoma Steel Group Inc. broke down this way in fiscal 2025.

  1. United States1.1B CAD354%
  2. CA [member]930.4M CAD345%
  3. Rest of the World23.1M CAD31%
Regions by year
Regions2025
United States1.1B CAD
CA [member]930.4M CAD
Rest of the World23.1M CAD

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue85¢2.8B CAD
  • Selling, general and admin3¢112.2M CAD
  • Interest2¢72.1M CAD
  • Income tax10¢315.8M CAD

Out of 2.1B CAD in revenue.3 The company lost money this year.

Financial statements

Revenue567832.1B CAD in 2025+7% since 2020
01.0B CAD2.0B CAD3.0B CAD4.0B CAD2020: 2.0B CAD2.0B CAD20202021: 1.8B CAD1.8B CAD2021−8%2022: 3.8B CAD3.8B CAD2022+112%2023: 2.8B CAD2.8B CAD2023−27%2024: 2.8B CAD2.8B CAD2024+1%2025: 2.1B CAD2.1B CAD2025−25%
Operating income56783-1.3B CAD in 2025+868% since 2020
-2.0B CAD-1.0B CAD01.0B CAD2.0B CAD2020: -137.0M CAD-137.0M CAD20202021: 84.8M CAD84.8M CAD20212022: 1.4B CAD1.4B CAD2022+1564%2023: 290.5M CAD290.5M CAD2023−79%2024: 167.3M CAD167.3M CAD2024−42%2025: -1.3B CAD-1.3B CAD2025

Every line of the income statement as filed: the last 1 fiscal year, latest first.3

Period ending2025-12-31
Revenue2.1B CAD
Cost of sales2.8B CAD
Administrative and selling expenses112.2M CAD
Impairment loss503.4M CAD
Severance Costs45.8M CAD
Loss from operations-1.3B CAD
Finance income-6.6M CAD
Finance costs72.1M CAD
Interest on pension and other post-employment benefit obligations15.8M CAD
Foreign exchange loss (gain)30.6M CAD
Other income-76.2M CAD
"Change in fair value of Initial Public Offering (""IPO"") and Large Enterprise Tariff Loan (""LETL"") Warrant liabilities"-41.5M CAD
Change in fair value of earnout liability-5.6M CAD
Change in fair value of share-based compensation liability-19.8M CAD
Change in fair value of derivative5.7M CAD
Other (income) and expense-25.5M CAD
Loss before income taxes-1.3B CAD
Income tax recovery-315.8M CAD
Net loss-984.9M CAD
Basic-9.06 CAD
Diluted-9.06 CAD

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Corporate structure

Algoma Steel Group Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Algoma Steel Group Inc.

  • MMCAP International Inc. SPC Filed SCHEDULE 13G/A on Algoma Steel Group Inc., latest Aug 14, 2026 (9 filings since Feb 20, 2024)
  • DONALD SMITH & CO., INC. Filed SCHEDULE 13G on Algoma Steel Group Inc., latest Aug 11, 2026 (10 filings since Feb 9, 2023)
  • Maple Rock Capital Partners Inc. Filed SCHEDULE 13G/A on Algoma Steel Group Inc., latest May 15, 2026 (8 filings since Feb 14, 2023)
  • Zekelman Industries Filed SCHEDULE 13D/A on Algoma Steel Group Inc., latest Sep 23, 2025 (2 filings since Jul 31, 2024)
  • Stoney Lonesome HF LP Filed SCHEDULE 13G/A on Algoma Steel Group Inc., latest Aug 14, 2025 (2 filings since Apr 10, 2025)
  • BlackRock Filed SCHEDULE 13G/A on Algoma Steel Group Inc., latest Apr 29, 2025 (3 filings since Oct 22, 2024)
  • CONTRARIAN CAPITAL MANAGEMENT, L.L.C. Filed SC 13G/A on Algoma Steel Group Inc., latest Feb 13, 2024 (3 filings since Feb 14, 2022)
  • Polus Capital Management Ltd Filed SC 13G/A on Algoma Steel Group Inc., latest Feb 12, 2024 (2 filings since Jan 12, 2023)
  • Bain Capital Credit, LP Filed SC 13D/A on Algoma Steel Group Inc., latest Aug 5, 2022 (2 filings since Apr 13, 2022)
  • Barclays Filed SC 13G on Algoma Steel Group Inc., latest Feb 14, 2022
  • Algoma Steel Group Inc. Sault Ste Marie, British Columbia, Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Algoma Steel Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$2.4B3 Sep 30, 2025

Investments

ItemLatestA year beforeChange
Cash and cash equivalents77.5M CAD3 Dec 31, 2025266.9M CAD3 Dec 31, 2024−71.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)300.0K CAD3 Dec 31, 2025500.0K CAD3 Dec 31, 2024−40.0%

Inventory

ItemLatestA year beforeChange
Inventory, total569.3M CAD3 Dec 31, 2025879.2M CAD3 Dec 31, 2024−35.2%

Former names

  • 1295908 B.C. LTD.May 25, 2021 to Jun 21, 20214

Timeline

  1. Mar 23, 2021Founded Algoma Steel Group Inc. is founded2

Calendar

Coming up

  1. Oct 28, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.12 a share, on Oct 29, 2025.9

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

269 filings to the SEC since October 2021: 6 annual reports, 42 large holders, 221 other. The latest 20:

  1. Oct 2, 20266-K EDGAR
  2. Sep 2, 20266-K EDGAR
  3. Aug 18, 20266-K EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 11, 2026SCHEDULE 13G EDGAR
  6. Jul 30, 20266-K EDGAR
  7. Jul 17, 20266-K EDGAR
  8. Jul 1, 20266-K EDGAR
  9. Jun 24, 20266-K EDGAR
  10. Jun 5, 20266-K EDGAR
  11. May 22, 20266-K EDGAR
  12. May 15, 2026SCHEDULE 13G/A EDGAR
  13. May 15, 2026SCHEDULE 13G/A EDGAR
  14. May 13, 20266-K EDGAR
  15. May 13, 2026SCHEDULE 13G EDGAR
  16. May 1, 20266-K EDGAR
  17. Apr 10, 20266-K EDGAR
  18. Apr 7, 20266-K EDGAR
  19. Apr 1, 20266-K EDGAR
  20. Mar 12, 20266-K EDGAR

The 269 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 93. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Maple Rock Capital Partners Inc.16,861,818$68.3M1.3%+931,000
MMCAP International Inc. SPC10,954,738$44.4M3.8%−1,890,884
Donald Smith & Co., Inc.5,277,631$21.4M0.4%−751,298
BlackRock, Inc.4,143,265$16.8M0.0%+27,812
Scheer, Rowlett & Associates Investment Management Ltd.3,846,390$15.7M1.1%+638,910
Morgan Stanley2,958,350$12.0M0.0%+1,474,639
Aegis Financial Corp1,786,122$7.2M1.1%No change
CDC Financial, Inc.1,745,647$7.1M5.4%+131,898
Brightline Capital Management, LLC1,660,000$6.7M1.5%New
Littlejohn & Co LLC1,518,714$6.2M7.8%−1,927,789
Connor, Clark & Lunn Investment Management Ltd.1,387,320$5.6M0.0%−338,438
Sourcerock Group LLC1,247,507$5.1M0.3%−58,896
Mackenzie Financial Corp1,329,806$5.0M0.0%+1,231,033
Two Sigma Investments, LP1,041,811$4.2M0.0%+771,911
LM Asset Management Inc.1,016,000$4.1M2.8%−749,000
Bracebridge Capital, LLC924,931$3.7M0.8%No change
Jb Capital Partners LP872,277$3.5M0.5%No change
Citadel Advisors LLC845,935$3.4M0.0%+578,192
Bain Capital Credit, LP825,777$3.3M0.9%No change
Jpmorgan Chase & Co810,208$3.2M0.0%+579,391
Ewing Morris & Co. Investment Partners Ltd.722,350$2.9M1.5%+12,350
Quadrature Capital Ltd682,493$2.8M0.0%−196,047
D. E. Shaw & Co., Inc.670,373$2.7M0.0%+399,829
Tcw Group Inc607,478$2.5M0.0%−160,700
Point72 Asset Management, L.P.575,225$2.3M0.0%+501,309

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Algoma Steel Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAlgoma Steel Group Inc.1
  • CIK0001860805
  • Filer statusNon-accelerated filer not an emerging growth company1
  • Incorporated inA120
  • Fiscal year endsMarch 311
  • Industry code (SIC)3312 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address105 West Street, Sault Ste. Marie, A6 P6A 7B41
  • Phone705-945-23511
  • Shares outstanding104,933,802 shares as of Dec 31, 202520
  • AuditorDeloitte LLP PCAOB ID 1208; it also attests to the company’s internal control over financial reporting20
  • On EDGAR sinceMay 25, 20211
  • Filings307 in all: 6-K (146), 424B3 (42), 425 (26), SCHEDULE 13G/A (11), SC 13G (10), SCHEDULE 13G (9), CORRESP (6), UPLOAD (6)1
    All 30 form types

    SC 13G/A (5), 40-F (4), EFFECT (4), 144 (3), F-4/A (3), F-X (3), POS EX (3), SC 13D (3), SC TO-I/A (3), SCHEDULE 13D/A (3), 20-F (2), F-10 (2), POS AM (2), SC TO-C (2), SUPPL (2), 8-A12B (1), CERT (1), F-1 (1), F-4 (1), S-8 (1), SC 13D/A (1), SC TO-I (1)

  • Latest filingsAnnual report (40-F) Mar 12, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, without par valueASTLThe Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable forone Common Share at an exercise price ofUS$11.50 per shareASTLWThe Nasdaq Stock Market LLC

From the cover page of the 40-F filed Mar 12, 2026 (Section 12(b) of the Exchange Act).20

Sources

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