Alcoa reported FY 2025 sales of USD 12.8 billion (+7.9%) and net income of USD 1.1 billion, with net income attributable to shareholders of USD 1.2 billion. Diluted EPS attributable to common shareholders was USD 4.37 for FY 2025. Income before income taxes was USD 1.1 billion, while the income tax line was a benefit of USD 55 million for FY 2025. Cash provided from operations was USD 1.2 billion for FY 2025, cash and cash equivalents totaled USD 1.6 billion at December 31, 2025, and total debt was USD 2.4 billion at December 31, 2025. Segment Adjusted EBITDA was USD 1.9 billion in FY 2025, including USD 882 million in Alumina and USD 1.1 billion in Aluminum. Operationally, Alcoa cited higher aluminum prices in 2025, with average realized aluminum price of USD 3,376 per metric ton (+18.8%) and LME 15-day lag averaging USD 2,614 per metric ton (+8.5%); average realized alumina price was USD 415 per metric ton (-12.1%) and average API was USD 420 per metric ton (-10.8%). Third-party shipments were 8,829 kmt of alumina (-2.0%) and 2,522 kmt of aluminum (-2.6%) in FY 2025. The company highlighted U.S. Section 232 tariffs on aluminum imports from Canada, with the tariff set at 25% from March 12, 2025 and increased to 50% on June 4, 2025, alongside a 211% increase in the average Midwest premium in 2025. Key corporate updates included the July 1, 2025 sale of Alcoa’s 25.1% interest in the Saudi Arabia joint venture to Ma’aden for total consideration of USD 1.35 billion (USD 1.2 billion in Ma’aden shares and USD 150 million in cash), resulting in a USD 786 million gain (net of USD 18 million in transaction costs) and a USD 197 million mark-to-market gain on the Ma’aden shares during FY 2025; the Ma’aden stake was valued at USD 1.4 billion at December 31, 2025. Alcoa also announced the permanent closure of the Kwinana (Australia) refinery in September 2025 (after full curtailment since June 2024), recording USD 856 million of restructuring charges tied to the closure within FY 2025 restructuring and other charges of USD 918 million. In Spain, Alcoa formed a joint venture with Trento EQT for San Ciprián on March 31, 2025 (Alcoa 75% / Trento EQT 25%) and resumed the smelter restart; the smelter was operating at about 65% of its 228 kmt annual capacity at December 31, 2025, with full restart expected by mid-2026. Alcoa also recorded a USD 144 million goodwill impairment in the Alumina reporting unit in FY 2025, reducing goodwill for that unit to no remaining goodwill.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alcoa Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-077167), on February 26, 2026, and is solely responsible for the information contained therein.