RUSAL (00486) fell more than 15%, extending its decline after the earnings report to nearly 30%. At the time of writing, the stock was down 7.69% to HK$4.20, with a turnover of HK$15.47 million. The drop follows the release of the company's annual results, which showed revenue of $14.812 billion, an increase of 22.6% year-over-year. However, the group reported an adjusted net loss of $787 million, swinging from a profit in the same period last year. Primary aluminum output for the year was 3,918 thousand tons, down approximately 1.9% from 3,992 thousand tons in the corresponding period of 2024. The company stated that in 2025, the average realized aluminum price increased by 5.2% year-over-year to $2,652 per ton. This rise was primarily driven by an increase in the London Metal Exchange settlement price, which was up 9.0% to $2,576 per ton, but was partially offset by a 51.6% decrease in the average realized premium component to $76 per ton.