Investments in associates
Shares in material associates
voestalpine holds a 20% share in the ArcelorMittal Texas HBI Group, domiciled in the State of Delaware, USA and exercises significant influence over this group of companies. This share is accounted for using the equity method. The ArcelorMittal Texas HBI Group operates a direct reduction plant and supplies hot briquetted iron (HBI) to the voestalpine Group. The company is not a listed entity.
The following tables present the financial data on the ArcelorMittal Texas HBI Group.
|
|
ArcelorMittal Texas HBI Group |
||
|---|---|---|---|---|
|
|
03/31/2026 |
|
09/30/2026 |
|
|
|
|
|
Non-current assets |
|
271.9 |
|
249.0 |
Current assets |
|
443.5 |
|
433.9 |
Non-current liabilities |
|
30.2 |
|
30.6 |
Current liabilities |
|
91.3 |
|
61.7 |
Net assets (100%) |
|
593.9 |
|
590.6 |
|
|
|
|
|
In millions of euros |
||||
|
|
ArcelorMittal Texas HBI Group |
||
|---|---|---|---|---|
|
|
04/01– |
|
04/01– |
|
|
|
|
|
Revenue |
|
288.7 |
|
247.9 |
|
|
|
|
|
Profit after tax |
|
10.5 |
|
−17.5 |
Profit after tax (20%) |
|
2.1 |
|
−3.5 |
Development of PPA balances |
|
2.3 |
|
1.4 |
Share of profit of the entity consolidated according to the equity method (20%) |
|
4.4 |
|
−2.1 |
Other comprehensive income |
|
−7.4 |
|
1.0 |
Comprehensive income (20%) |
|
−3.0 |
|
−1.1 |
|
|
|
|
|
Proportional dividends received |
|
0.0 |
|
0.0 |
|
|
|
|
|
In millions of euros |
||||
|
|
ArcelorMittal Texas HBI Group |
||
|---|---|---|---|---|
|
|
03/31/2026 |
|
09/30/2026 |
|
|
|
|
|
Net assets, closing balance |
|
593.9 |
|
590.6 |
Group’s 20% share of net assets |
|
118.8 |
|
118.1 |
Goodwill incl. net exchange differences |
|
2.9 |
|
3.0 |
Impairment incl. net exchange differences |
|
−29.9 |
|
−30.3 |
Carrying amount of the Group’s investment |
|
91.8 |
|
90.8 |
|
|
|
|
|
In millions of euros |
||||