For the quarter ending 2026-03-31, CSTM had $25M increase in cash & cash equivalents over the period. $1M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Segment adjusted ebitda | 262 | 213 | 507 | - |
| Depreciation and amortization | 83 | 86 | 84 | - |
| Impairment of assets | 4 | 21 | 0 | - |
| Share based compensation | 11 | -1 | 20 | - |
| Pension and other post-employment benefits - non - operating gains | 3 | 4 | 10 | - |
| Restructuring costs | 3 | 0 | 3 | - |
| Metal price lag | -97 | -67 | -59 | - |
| Unrealized gains / (losses) on derivatives | 42 | 22 | 34 | - |
| Gains / (losses) on disposal | - | -3 | 0 | - |
| Other | - | 1 | 0 | - |
| Unrealized exchange gains / (losses) from the remeasurement of monetary assets and liabilities net | 1 | -1 | 1 | - |
| Expenses on factoring arrangements | 4 | 5 | 16 | - |
| Finance costs - net | -28 | -26 | -27 | - |
| Income before tax | 272 | 164 | 244 | - |
| Income tax expense | 76 | 51 | 38 | - |
| Losses / (gains) on disposal | - | -3 | 0 | -1 |
| Net income | 196 | 113 | 88 | 74 |
| Depreciation and amortization | 83 | 86 | 84 | 160 |
| Impairment of assets | 4 | 21 | 0 | 0 |
| Pension and other long-term benefits | 2 | 2 | 3 | 4 |
| Interest expense on borrowings | - | 179 | - | - |
| Interest expense on finance leases | - | 2 | - | - |
| Interest cost on pension and other long-term benefits | - | 12 | - | - |
| Net loss on settlement of debt | - | 0 | - | - |
| Realized and unrealized (losses) / gains on debt derivatives at fair value | - | 3 | - | - |
| Realized and unrealized exchange gains / (losses) on financing activities - net | - | -2 | - | - |
| Other finance expenses | - | 15 | - | - |
| Capitalized borrowing costs | - | 1 | - | - |
| Finance expenses | - | 192 | - | - |
| Finance costs - net | -28 | -26 | -27 | -56 |
| Income tax expense calculated at statutory tax rate | - | 105 | - | - |
| Base erosion anti-abuse tax-US | - | 10 | - | - |
| Enactment of new tax laws and rates-US | - | 0 | - | - |
| Share-based compensation-US | - | -1 | - | - |
| State, cantonal and local income tax, net of federal income tax effect-US | - | 6 | - | - |
| Statutory tax rate difference-US | - | -8 | - | - |
| Valuation allowances-DE | - | -1 | - | - |
| Statutory tax rate difference-DE | - | 0 | - | - |
| State, cantonal and local income tax, net of federal income tax effect-DE | - | 0 | - | - |
| Valuation allowances-CH | - | 6 | - | - |
| Statutory tax rate difference-CH | - | 0 | - | - |
| State, cantonal and local income tax, net of federal income tax effect-CH | - | 0 | - | - |
| Prior year adjustments-CH | - | 0 | - | - |
| Valuation allowances-SK | - | 7 | - | - |
| Valuation allowances-Foreign Tax Jurisdiction Other | - | 1 | - | - |
| Statutory tax rate difference-Foreign Tax Jurisdiction Other | - | -2 | - | - |
| Enactment of new tax laws and rates-FR | - | 7 | - | - |
| Tax credits | - | 3 | - | - |
| Valuation allowances-FR | - | 0 | - | - |
| Share-based compensation-FR | - | 3 | - | - |
| Unrecognized tax benefits | - | -1 | - | - |
| Investment in subsidiaries | - | 0 | - | - |
| Tax audits | - | 0 | - | - |
| Value-added business tax (france only) | - | 2 | - | - |
| Other | - | 2 | - | - |
| Income tax expense | 76 | 51 | 38 | 44 |
| Unrealized (gains) /losses on derivatives - net and from remeasurement of monetary assets and liabilities - net | 43 | 21 | 14 | 24 |
| Other - net | -18 | -8 | -14 | -22 |
| Inventories | 279 | 40 | 44 | 65 |
| Trade receivables | 249 | -77 | 19 | 261 |
| Trade payables | 326 | -53 | -20 | 241 |
| Other | 36 | -2 | -2 | -5 |
| Change in provisions | 2 | 7 | 1 | -2 |
| Pension and other long-term benefits paid | 14 | 10 | 19 | 25 |
| Interest paid | 29 | 21 | 30 | 53 |
| Income tax paid | 12 | 33 | 12 | 5 |
| Net cash flows from operating activities | 73 | 218 | 99 | 172 |
| Acquisition of subsidiaries net of cash acquired | - | 0 | 0 | - |
| Purchases of property, plant and equipment | 72 | 109 | 75 | 146 |
| Proceeds from disposals, net of cash | - | -1 | - | - |
| Other investing activities | - | 0 | 0 | -1 |
| Property, plant and equipment inflows | 4 | 1 | 6 | 12 |
| Collection of deferred purchase price receivable | 0 | 0 | 0 | 2 |
| Net cash flows used in investing activities | -68 | -109 | -69 | -131 |
| Repurchase of ordinary shares | 28 | 40 | 25 | 50 |
| Proceeds from issuance of long-term debt | - | 0 | 0 | - |
| Repayments of long-term debt | 1 | 1 | 2 | 3 |
| Net change in revolving credit facilities and short-term debt | 50 | -72 | -11 | 28 |
| Finance lease repayments | 2 | 1 | 2 | 3 |
| Payment of financing costs and redemption fees | - | 0 | 0 | - |
| Transactions with non-controlling interests | -4 | 0 | -3 | -4 |
| Other financing activities | 5 | 2 | 2 | -30 |
| Net cash flows from / (used in) financing activities | 20 | -112 | -41 | -62 |
| Net increase / (decrease) in cash and cash equivalents | 25 | -3 | -11 | -21 |
| Cash and cash equivalents - beginning of year | 120 | 122 | 141 | - |
| Effect of exchange rate changes on cash and cash equivalents | -2 | 1 | 13 | - |
| Cash and cash equivalents - end of period | 143 | 120 | 122 | - |
CONSTELLIUM SE (CSTM)
CONSTELLIUM SE (CSTM)