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Algoma Steel Group Inc.

For the period ended Dec 31, 2025. Filed Mar 12, 2026.

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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.

FY2025 · Filed Mar 12, 2026

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ASTL$5.38+7.8%Stored close · as of Nov 6, 2026
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Contents

EX-99.1 · Notes:

Notes:

(1)Mr. Garcia retired as Chief Executive Officer effective December 31, 2025.
(2)Mr. Marwha was appointed as President on November 1, 2025, and as Chief Executive Officer on January 1, 2026.
(3)Independent director for the purposes of National Instrument 58-101 – Disclosure of Corporate Governance Practices of the Canadian Securities Administrators.
(4)Member of the Audit Committee.
(5)Member of the Human Resources and Compensation Committee.
(6)Member of the Nominating and Corporate Governance Committee.
(7)Member of the Operations and Capital Projects Committee.

As a group, the directors and executive officers of the Company owned, controlled or directed, directly or indirectly, 7,285,425 Common Shares, representing approximately 6.9% of the issued and outstanding Common Shares, as of December 31, 2025. The foregoing does not take into account Common Shares to be issued upon the potential exercise of Warrants or other securities convertible, exchangeable or exercisable into Common Shares.

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