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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ArcelorMittal South Africa's retained earnings for the quarter that ended in Dec. 2025 was R-1,707 Mil.
ArcelorMittal South Africa's quarterly retained earnings
declined
from Dec. 2024 (R874 Mil) to Jun. 2025 (R-66 Mil) and
declined
from Jun. 2025 (R-66 Mil) to Dec. 2025 (R-1,707 Mil).
ArcelorMittal South Africa's annual retained earnings
declined
from Dec. 2023 (R6,777 Mil) to Dec. 2024 (R874 Mil) and
declined
from Dec. 2024 (R874 Mil) to Dec. 2025 (R-1,707 Mil).
ArcelorMittal South Africa (JSE:ACL) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
ArcelorMittal South Africa Retained Earnings Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ArcelorMittal South Africa Retained Earnings Chart
ArcelorMittal South Africa Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of R-1,707 Mil mean?
ArcelorMittal South Africa (JSE:ACL) has a Retained Earnings of R-1,707 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on ArcelorMittal South Africa and its competitors.
Is ArcelorMittal South Africa's Retained Earnings too high?
ArcelorMittal South Africa's current Retained Earnings is R-1,707 Mil. Overall, ArcelorMittal South Africa has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ArcelorMittal South Africa's Retained Earnings compare to NUE and STLD?
ArcelorMittal South Africa's Retained Earnings of R-1,707 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Steel company?
A good Retained Earnings depends on the Steel industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on ArcelorMittal South Africa and its competitors. ArcelorMittal South Africa's current Retained Earnings is R-1,707 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ArcelorMittal South Africa stock overvalued right now?
Based on GuruFocus' analysis, ArcelorMittal South Africa (JSE:ACL) is currently considered Fairly Valued. The stock's GF Value™ is R1.43, compared to a current price of R1.38 — trading 3.5% below its estimated fair value. The current Retained Earnings is R-1,707 Mil. ArcelorMittal South Africa's overall GF Score™ is 51/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For ArcelorMittal South Africa (JSE:ACL), the current Retained Earnings is R-1,707 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ArcelorMittal South Africa (JSE:ACL) Overvalued in 2026?
Based on GuruFocus' analysis, ArcelorMittal South Africa stock appears to be undervalued.
The current stock price of R1.38 is trading 3.5% below its estimated GF Value™ of R1.43.
GuruFocus considers ArcelorMittal South Africa to be Fairly Valued.
Key valuation signals for JSE:ACL:
Retained Earnings: R-1,707 Mil
GF Value™: R1.43 vs. price of R1.38 (3.5% below fair value)
No single metric tells the full story. See the JSE:ACL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ArcelorMittal South Africa Ltd is a South Africa-based steel-producing company. The company's operating segments include Steel operations; Non-steel operations; Corporate and others. It generates the majority of total revenue from the Steel Operations segment that consist of Vanderbijlpark plant, Newcastle plant, Vereeniging plant and ArcelorMittal Rail and Structures. The product range consists of hot-rolled coil, plate, coiled rounds, flats, reinforced bars, rounds, billets and channels, and commercial coke among others. The group operates mainly in South Africa. Export sales are mostly sold in sub-Saharan Africa, Asia, Europe, and America.
51GF Score
Get the complete analysis for JSE:ACL
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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