Business description: Acerinox S.A.

Acerinox S.A. is one of the world's largest producers and sellers of stainless steel. The group's activity is organized into three families of products:

- smelted and milled steel: 1,783 Kt produced in 2025;

- hot laminated steels: flat steel and long steel (144 Kt produced);

- cold laminated flat steel: 1,160 Kt produced.

At the end of 2025, the group had 15 production sites worldwide.

Net sales are distributed geographically as follows: Spain (6.7%), Europe (29.8%), the Americas (53.7%), Asia (5.6%), Africa (4.1%) and other (0.1%).

Number of employees: 9,094

Sales by Activity: Acerinox S.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Stainless Steel Business

- 747.72Cr 527.96Cr 410.21Cr 414.38Cr

High Performance Alloys

82Cr 128.04Cr 144.57Cr 134.79Cr 170.52Cr

Others

3.81Cr - - - -

Long Products

82Cr - - - -

Flat Products

531.83Cr - - - -

Unallocated

23.16L 28.53L 20.31L 25.58L 45.68L

Unallocated Adjustments

-25Cr -35.4L -1.93Cr -12.86L -21.8L

Geographical breakdown of sales: Acerinox S.A.

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

The Americas

328.65Cr 434.97Cr 311.68Cr 283.76Cr 310.19Cr

Rest of Europe

201.19Cr 258.88Cr 213.75Cr 159.72Cr 172.45Cr

Spain

50Cr 63Cr 47Cr 33Cr 39Cr

Asia

54Cr 68Cr 53Cr 35Cr 33Cr

Africa

35Cr 42Cr 34Cr 29Cr 24Cr

Other Items

1.18Cr 2.11Cr 2.18Cr 81.23L 64.28L

Executive Committee: Acerinox S.A.

Manager TitleAgeSince
Chief Executive Officer - 16/09/2010
Director of Finance/CFO - -
Chief Tech/Sci/R&D Officer - -
Chief Operating Officer 56 -
Investor Relations Contact - 01/06/2011

Composition of the Board of Directors: Acerinox S.A.

Director TitleAgeSince
Director/Board Member - 16/09/2010
Director/Board Member 71 30/05/2002
Director/Board Member - 29/10/2014
Director/Board Member - 23/01/2017
Director/Board Member 52 11/05/2017
Director/Board Member - 21/08/2017
Director/Board Member 62 -
Director/Board Member 69 01/01/2020
Chairman 59 -
Director/Board Member - 01/01/2023

Shareholders: Acerinox S.A.

NameStocks%Valuation
Corporación Financiera Alba SA
19.29 %
4,81,01,807 19.29 % 843 M €
5.705 %
1,42,24,988 5.705 % 249 M €
Industrial Development Corp. of South Africa Ltd.
3.533 %
88,09,294 3.533 % 154 M €
Invesco Asset Management Ltd.
1.035 %
25,80,781 1.035 % 45 M €
W1m Investment Management Ltd.
0.7749 %
19,32,201 0.7749 % 34 M €

Company details: Acerinox S.A.

Acerinox SA

Calle Santiago de Compostela, 100

28035, Madrid

+34 91 398 51 00

http://www.acerinox.com
address Acerinox S.A.(ACX)

Group companies: Acerinox S.A.

NameCategory and Sector
Other Metals/Minerals
Other Metals/Minerals
Wholesale Distributors
Steel

Iron, Steel Mills & Foundries

Change 5-day change 1-year change 3-year change Capi.($)
+0.55%+4.83%+54.36%+62.96% 462.55Cr
-0.46%-0.28%+18.63%+53.14% 3.11TCr
+2.50%+3.24%-18.58%-0.52% 1.81TCr
-0.90%+0.46%+8.37%+20.88% 1.47TCr
-1.36%-0.17%+10.37%+61.15% 1.1TCr
+0.21%-1.24%+70.83%+142.98% 1.04TCr
+3.39%+6.77%+8.71%-14.35% 1.02TCr
+0.31%+1.56%+36.90%+61.93% 992.99Cr
+0.36%+4.78%+43.76%+2.63% 882.21Cr
+0.81%-0.27%-1.32%-36.02% 882.76Cr
Average +0.54%+3.10%+23.20%+35.48% 1.28TCr
Weighted average by Cap. +0.43%+2.82%+18.00%+35.84%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
16.22EUR
Average target price
16.90EUR
Spread / Average Target
+4.17%

Quarterly revenue - Rate of surprise

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