Alba Discloses Financial Results for the Second Quarter and H1 of 2025

TDT | Manama

Email: mail@newsofbahrain.com

Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), the world’s largest aluminium smelter on one site, has reported a Profit of BD24.6 million (US$65.3 million) for the second quarter of 2025, down by 64% Year-overYear (YoY), versus a Profit of BD68.5 million (US$182.2 million) for the same period in 2024.

The Company reported Basic and Diluted Earnings per Share of fils 17 for Q2 2025 versus Basic and Diluted Earnings per Share of fils 48 in Q2 2024.

The Total Comprehensive Income for Q2 2025 stood at BD21.9 million (US$58.1 million) versus Total Comprehensive Income for the second quarter of 2024 of BD66.7 million (US$177.4 million) – down by 67% YoY. Gross Profit for Q2 2025 was BD47 million (US$125.1 million) versus BD102 million (US$271.2 million) for the same period in 2024 – down by 54% YoY.

As for Revenue from contracts with customers in Q2 2025, Alba generated BD434 million (US$1,154.4 million) versus BD407 million (US$1,082.3 million) in Q2 2024 - up by 7% YoY.

First Half

For the First Half of 2025, Alba has reported a Profit of BD42.7 million (US$113.5 million), down by 54% YoY versus a Profit of BD93 million (US$247.3 million) for the same period in 2024.

The Company reported Basic and Diluted Earnings per Share of fils 30 for H1 2025 versus Basic and Diluted Earnings per Share of fils 66 for the same period in 2024.

Alba’s Total Comprehensive Income for H1 2025 was BD38.7 million (US$102.8 million), down by 59% YoY, compared to a Total Comprehensive Income of BD94.4 million (US$251 million) in H1 2024.

Gross Profit for the First Half of 2025 was BD97.8 million (US$260.2 million) versus BD159.2 million (US$423.5 million) in H1 2024 – down by 39% YoY.

Alba generated in H1 2025 Revenue from contracts with customers of BD843 million (US$2,242 million) versus BD741.5 million (US$1,972.1 million) in H1 2024 - up by 14% YoY. Total Equity as of 30 June 2025 stood at BD1,924.4 million (US$5,118.2 million), up by 0.03%, versus BD1,923.9 million (US$5,116.9 million) as of 31 December 2024.

Alba’s Total Assets as of 30 June 2025 were BD2,657.9 million (US$7,069 million) versus BD2,673.4 million (US$7,110 million) as of 31 December 2024 – down by 0.6%.

Interim Dividend

The Board of Directors of Aluminium Bahrain B.S.C. (Alba) resolved during the Board e-meeting on Tuesday 05 August 2025, to recommend the distribution of Interim Dividend as at 30 June 2025 to the shareholders whose names are registered on the Company’s register on the Record Date.

The cash interim dividend is 10.55% of the share nominal value, equivalent to Fils 10.55 per share amounting to BD14,932,765 (c.US$40 million).

Resilient and focused

Commenting on the Company’s performance for the second quarter of 2025, the Chairman of Alba’s Board of Directors, Khalid Al Rumaihi stated: “Amidst global market headwinds, Alba stands resilient and focused. While our profitability has been tempered by external pressures, the continued growth in revenue and the remarkable rise in Value Added Sales to 76% reflect the strength of our vision and the agility of our operations.The profitability gap compared to Q2 2024 is largely attributed to higher landed alumina prices in this period; without that distortion, our performance would’ve exceeded last year’s.”

Safety first

Alba’s Chief Executive Officer, Ali Al Baqali, added: “Behind every number is the unwavering dedication of our people. In the face of market challenges, Alba has delivered good results driven by a culture that puts safety first and empowers excellence. Achieving 38 million safe working hours without LTI is a testament to this commitment. We are proud of our workforce and confident in our ability to navigate the road ahead, together and safely.”

Alba Management will hold a conference call today at 12:30 PM Bahrain Time to discuss the Company's financial and operational performance for Q2 2025 and outline