4.93 billion dirhams in profits for “Emirates Global Aluminium” in 2025

Emirates Global Aluminum Company announced today that it achieved a basic net profit of 4.93 billion dirhams ($1.34 billion) during the fiscal year 2025, a growth of 16% compared to a basic net profit of 4.26 billion dirhams in 2024, excluding the results of the Guinea Alumina Corporation.

Adding the results of the Guinea Alumina Corporation, the company recorded a net profit of 2.12 billion dirhams, compared to 2.62 billion dirhams in 2024, after the subsidiary’s results included impairment costs, provisions and other costs amounting to 2.81 billion dirhams in 2025 compared to 1.64 billion dirhams in the previous year, after deducting tax exemptions.

The company approved the distribution of profits worth 3.7 billion dirhams (about one billion dollars) for the year 2025, which represents a dividend distribution rate of about 75% of the basic net profit, supported by operating cash flows amounting to 8.27 billion dirhams, and a cash conversion rate that reached 80% compared to 64% in 2024.

Basic earnings before deducting interest, taxes, depreciation and amortization amounted to 9.28 billion dirhams ($2.53 billion), a growth of 7% compared to 8.69 billion dirhams in 2024, while basic revenues increased by 14% to reach 31.98 billion dirhams compared to 28.14 billion dirhams in the previous year, driven by the increase in average aluminum prices achieved and the “Najah” performance improvement program.

The core earnings margin before deducting interest, taxes, depreciation and amortization recorded 29% in 2025 compared to 31% in 2024, affected by the rise in alumina and bauxite prices, while the company maintained its competitive position among the major global producers.

Adding the results of the Guinea Alumina Corporation, EGA achieved earnings before interest, taxes, depreciation and amortization of AED 8.51 billion ($2.32 billion) in 2025.

The company achieved cumulative savings exceeding 235 million dirhams during 2025 compared to 2024, as a result of increased production, improved efficiency, and reduced procurement costs.

Starting in 2026, the second phase of the “Najah 2.0” improvement program will be launched with the aim of achieving additional annual savings of 1.62 billion dirhams by 2030 compared to 2024, through technical updates in operations and improving raw material supplies, product pricing, sales and marketing.

Cast aluminum production recorded the highest level in the company’s history at 2.84 million tons, compared to 2.79 million tons in 2024, while sales reached a record level of 2.83 million tons, compared to 2.77 million tons in the previous year, serving more than 400 customers in more than 50 countries.

Value-added products represented 81% of total sales in 2025, compared to 82% in 2024.

Sales of low-carbon aluminum increased by 70% to 196 thousand tons.

Al Taweelah alumina refinery produced 2.4 million tons in 2025 compared to 2.54 million tons in 2024, covering about 46% of the company’s alumina needs.

During the year, the company made operational adjustments to enhance the efficiency of processing a wider variety of bauxite and increase production capacity.

As part of strategic growth, the company announced plans to build the first new factory for primary aluminum production in the United States since 1980, with a capacity of 750,000 tons annually, and signed a joint development agreement with Century Aluminum in Oklahoma, under which it will own 60% of the joint project, compared to 40% for the partner.

It also began production in its pilot project for the next-generation EX aluminum smelting technology in Al Taweelah, which provides higher productivity with lower energy consumption and lower emissions, in preparation for its application in the Oklahoma project.

In the field of recycling, the company is close to completing the largest aluminum recycling plant in the country in Al Taweelah with a capacity of 185,000 tons annually, with production expected to begin by the end of the first quarter of 2026. It has also announced plans to increase the production capacity of the Lichtmetal smelter in Germany by more than six times, in addition to completing the first phase of the expansion of the Spectro Alloys plant in the United States, and starting the second phase, which will raise production capacity to 200,000 tons annually by 2027.

In 2025, the company, Abu Dhabi National Energy Company, Dubal Holding, and Emirates Water and Electricity Company signed several agreements to decarbonize aluminum production operations and expand the development of renewable and clean energy projects in Abu Dhabi.

The initiative includes the acquisition by “Taqa” and “Dubal Holding” of the assets of the Emirates International Energy and Water Company in Al Taweelah for 7 billion dirhams, in addition to the signing of the largest agreement to supply electricity in Abu Dhabi with a capacity of 23 terawatt-hours annually for 24 years, with an increasing percentage of electricity generated from renewable and clean sources.

This initiative is expected to contribute to reducing greenhouse gas emissions by about 3.5 million tons annually by 2035.

As part of supporting the “300 Billion Project” industrial growth strategy, the company sold 311,000 tons of cast aluminum to local customers in 2025, compared to 310,000 tons in 2024. It also intends, in cooperation with Sunstone, to establish a factory to produce carbon electrodes in Abu Dhabi with a capacity of 300,000 tons annually, with production expected to begin in 2028.

Abdul Nasser Bin Kalban, CEO of Emirates Global Aluminium, stressed that the 2025 results reflect the strength and flexibility of the company’s business model.

For his part, Paul Kildemo, Chief Financial Officer, noted that global trends, especially in the areas of sustainability, electric mobility, infrastructure renewal, aviation and defence, support long-term growth in demand for aluminium.