RUSAL's stock plummeted 10.33% during intraday trading on Thursday, following the release of its annual financial results.

The company reported an adjusted net loss of $787 million for the year, swinging from a profit in the same period last year. Despite revenue increasing by 22.6% year-over-year to $14.812 billion, the net loss and a 1.9% decline in primary aluminum output weighed on investor sentiment.

The average realized aluminum price increased by 5.2% to $2,652 per ton, driven by higher London Metal Exchange settlement prices, but this was partially offset by a significant decrease in the average realized premium.