EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2026

NOTE 7 - EARNINGS PER SHARE

Basic earnings per share are computed using the weighted-average number of ordinary shares outstanding during the

period. Diluted earnings per share are computed using the weighted-average number of ordinary shares and ordinary share

equivalents outstanding during the period. Ordinary share equivalents represent the dilutive effect of outstanding equity-based

awards.

The reconciliation of the numerator and denominator of basic and diluted earnings per share was as follows:


	Three months ended March 31,
(in millions of U.S. dollars except share and per share amounts )	2026	2025
Numerator:
Net income attributable to equity holders of Constellium	199	37
Denominator:
Basic - weighted-average ordinary shares outstanding	135,394,675	142,495,499
Dilutive effect of non-vested restricted stock units and performance-based restricted stock units	4,689,980	1,594,032
Diluted - weighted-average ordinary shares, of restricted stock units and performance- based restricted stock units	140,084,655	144,089,531
Basic earnings per share	$1.47	$0.26
Diluted earnings per share	$1.42	$0.26

For the three months ended March 31, 2026, and 2025, no ordinary shares assuming exercise of equity-based awards were

excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.