SIDNYSESteel Works, Blast Furnaces & Rolling & Finishing MillsFiscal year ends December 31

NATIONAL STEEL CO

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 30, 2026

$1.13+0.02 (+1.80%)

Close on Oct 19, 2026

NATIONAL STEEL CO balance sheet

Annual Quarterly

BRL USD

Millions of BRL, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31
Cash & Equivalents	14,421	23,310	16,046	11,991	16,646	9,945	1,089	2,248	3,412	4,871	7,861	8,686
Cash & Short-Term Investments	14,421	23,310	16,046	11,991	16,646	9,945	1,089	2,248	3,412	4,871	7,861	8,686
Receivables	2,397	2,901	3,270	3,233	2,598	2,867	2,048	2,078	2,197	1,997	–	–
Inventory	10,456	10,440	9,558	11,289	10,944	4,818	5,283	5,040	4,464	3,964	–	–
Other Current Assets	1,038	856	927	777	484	368	391	1,753	–	–	–	–
Total Current Assets	–	–	–	–	34,972	23,386	12,726	12,014	11,881	12,445	–	–
Property, Plant & Equipment	33,919	30,426	27,927	27,927	26,370	21,531	19,701	18,047	17,965	18,136	17,826	–
Operating Lease Right-of-Use Assets	959	757	675	675	645	582	–	–	–	–	–	–
Goodwill	–	–	–	11	–	–	–	3,591	3,591	3,591	–	–
Deferred Tax Assets	7,100	7,345	5,034	5,096	5,072	3,875	2,473	89	63	70	78	–
Other Long-Term Assets	3,851	5,232	5,310	4,750	4,366	3,603	2,793	4,285	–	–	–	–
Total Assets	100,575	103,907	91,530	85,354	79,379	63,002	50,869	47,328	45,210	44,154	–	–
Accounts Payable	2,905	2,903	4,209	5,709	4,440	–	–	3,474	2,506	1,763	–	–
Short-Term Debt	10,429	8,822	7,613	5,194	5,487	4,126	5,126	5,653	6,527	2,117	–	–
Current Debt	10,429	8,822	7,613	5,194	5,487	4,126	5,126	5,653	6,527	2,117	–	–
Current Portion of Leases	239	206	138	177	119	94	35	–	–	–	–	–
Current Income Taxes Payable	736	719	865	870	3,309	2,058	541	252	–	–	–	–
Total Current Liabilities	28,074	25,116	25,017	22,475	24,542	14,726	11,620	11,439	10,670	5,497	–	–
Long-Term Debt	42,496	48,093	37,246	35,725	27,021	31,144	22,841	23,174	22,984	28,324	–	–
Long-Term Leases	855	634	596	517	493	437	439	–	–	–	–	–
Operating Lease Liabilities	1,094	840	734	694	612	530	474	641	–	–	–	–
Deferred Tax Liabilities	589	541	304	217	503	619	590	602	1,174	1,047	1,072	–
Total Liabilities	84,839	88,448	71,845	63,538	56,005	344	420	37,314	36,922	36,769	–	–
Total Debt	52,925	56,915	44,859	40,919	32,508	35,271	27,967	28,827	29,511	30,441	–	–
Common Stock	10,240	10,240	10,240	10,240	10,240	6,040	4,540	4,540	4,540	4,540	–	–
Retained Earnings	–	640	4,912	7,830	9,949	5,414	4,211	2,934	-1,292	-1,302	–	–
Treasury Stock	–	–	–	–	-937	-58	-58	-58	-239	-239	–	–
Shareholders' Equity	12,876	12,271	17,501	19,489	20,315	9,913	10,175	8,703	7,027	6,195	–	–
Noncontrolling Interest	2,860	3,188	2,184	2,327	3,059	1,338	1,187	1,311	1,261	1,190	–	–
Total Equity	15,736	15,459	19,685	21,816	23,374	11,252	11,362	10,013	8,288	7,385	7,091	5,735
Total Liabilities & Equity	100,575	103,907	91,530	85,354	79,379	63,002	50,869	47,328	45,210	44,154	–	–
Shares Outstanding(shares)	1,326	1,326	1,326	1,326	1,388	1,388	1,388	1,388	1,388	1,388	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 27.7%
Operating margin: 10.8%
Net margin: -4.5%
Return on equity, FY2025: -15.9%

Financial strength

Current ratio: –
Debt to equity: 4.11
Debt to assets: 52.6%
Cash to current liabilities: 51.4%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.