Tata Steel has reported its full-year financial results for FY2025, showing steady global performance amid an evolving steel landscape.
For the UK, the past year marked a pivotal transition as the company began reshaping its operating model while continuing to serve its customers and invest in a sustainable future.
Highlights for Tata Steel UK:
• Annual revenues of £2.321 billion, with deliveries totalling 2.51 million tonnes of steel
• Transition to a downstream-focused model using imported substrates has led to a 23% reduction in fixed costs, equivalent to £230 million in savings
• EBITDA loss of £385 million, reflecting pressure from surging imports and restructuring costs
• Q4 FY25 deliveries of 0.63Mt rose 12% quarter-on-quarter, showing signs of operational stability
T V Narendran, CEO & Managing Director of Tata Steel said: ““FY2025 has been an important transition year for Tata Steel with significant developments across operating geographies. Deliveries in the UK were ~2.5 million tons as we smoothly transitioned to supplying our customers on the basis of
imported substrate processed at our downstream mills while fixed costs have reduced by around £230 million, the benefit was not visible due to surging imports.
"I am also happy to share that we have been recognised by worldsteel as Sustainability champion for the eighth time in a row."
UK’s Path to Green Steel: A Major Milestone Ahead
A critical development this year was the progress made on Tata Steel UK’s Electric Arc Furnace (EAF) project:
- Planning permission has been secured for the EAF at Port Talbot
- Major contracts have been signed with key project partners
- Site work is expected to begin in July 2025, signaling a major step toward low-emission steelmaking in the UK
Global Results Show Resilience
While the UK navigated a tough transition, Tata Steel overall reported:
• Consolidated revenues of Rs 2.18 lakh crore (~£20.6 billion) and EBITDA of Rs 25,802 crore (~£2.44 billion), up 10% year-on-year.
• India operations performed exceptionally well with record production and deliveries, driving strong profitability.
• In the Netherlands, Tata Steel returned to near full capacity with a 17% rise in deliveries and EBITDA of €90 million.
READ the full press release here: 4qfy2025-press-release.pdf
T V Narendran, CEO & Managing Director of Tata Steel
About Tata Steel
● Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum.
● It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world.
● The group recorded a consolidated turnover of around US$26 billion in the financial year ending March 31, 2025.
● A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 78,000.
● Tata Steel has announced its major sustainability objectives including Net Zero by 2045.
● The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar, and IJmuiden Plants. Tata Steel has also been recognised with the ‘Digital Enterprise of India – Steel’ Award 2024 by Economic Times CIO.
● The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion
Lighthouse 2023.
● The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked among the top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.
● Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteelTM Certification. Subsequently, its Kalinganagar and Meramandali plants have also received the certification. In India, Tata Steel now has more than 90% of its steel production from ResponsibleSteelTM certified sites.
● Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2025 Steel Sustainability Champion recognition from worldsteel for eight years in a row, 2023 Climate Change Leadership Award by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, Ranked as the 2024 most valuable Mining and Metals brand in India by Brand Finance, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, and ‘Best Corporate for Promotion of Sports’ recognition at the Sportstar Aces Awards 2024
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