SDI - Steel Dynamics Inc. reported its financial results for the fourth quarter (Q4) and full year (FY) 2025. For FY 2025, the company posted net sales of USD 18.2 billion, operating income of USD 1.5 billion, and net income of USD 1.2 billion. Adjusted EBITDA reached USD 2.2 billion, while cash flow from operations totaled USD 1.4 billion. SDI also reported liquidity of over USD 2.2 billion for the year. The company repurchased USD 901 million of its common stock during the period, representing over four percent of its outstanding shares. For Q4 2025, SDI recorded net sales of USD 4.4 billion and net income of USD 266 million, or USD 1.82 per diluted share. The company achieved record steel shipments of 13.7 million tons for the year and reported successful production and qualifications of industrial, beverage can, and automotive quality flat rolled aluminum products, as well as successful production and consumption of biocarbon material.

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