GERDAU S.A. (GGB) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: March 13, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

720M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

GGB currently has 718M outstanding shares. with minimal authorized share overhang for future dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Mar 13, 2026	20-F filing \| 717.8M shares outstanding	720M
Mar 14, 2025	20-F filing \| 720.0M shares outstanding	720M
Mar 28, 2024	20-F filing \| 600.5M shares outstanding	600M
Mar 31, 2023	20-F filing \| 571.9M shares outstanding	570M
Mar 31, 2022	20-F filing \| 573.6M shares outstanding	570M
Apr 21, 2021	20-F filing \| 573.6M shares outstanding	570M
Mar 31, 2020	20-F filing \| 573.6M shares outstanding	570M

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