Alcoa Corporation reported its fourth quarter (Q4) and full year (FY) 2025 financial results. Q4 revenue was USD 3.4 billion, while full year revenue reached USD 12.8 billion, an 8 percent increase primarily driven by higher average realized prices for aluminum and higher volumes and pricing from bauxite offtake and supply agreements. Net income attributable to shareholders for Q4 2025 was USD 226 million, with income per share of USD 0.85. For the full year 2025, net income attributable to shareholders was USD 1.2 billion, or USD 4.42 per share. Adjusted net income for Q4 2025 totaled USD 335 million. For the full year 2025, adjusted net income was USD 1.0 billion. The results reflected higher aluminum prices, a gain on the sale of interest in the Ma'aden joint venture, favorable tax impacts, higher bauxite volumes and prices, and favorable currency impacts, partially offset by increased restructuring charges, higher tariff costs on imported aluminum, lower alumina prices, and a goodwill impairment charge.

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