Alba reports financial results for first quarter of 2026

TDT | Manama

Email: mail@newsofbahrain.com

Q1 2026 Financial Performance Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), the world’s largest aluminium smelter on one site, has reported a Profit attributable to Equity holders of Aluminium Bahrain B.S.C. of BD75.3 million (US$200.3 million) for the first quarter of 2026, up by 316% Year-over-Year (YoY), versus BD18.1 million (US$48.2 million) for the same period in 2025. The Company reported Basic and Diluted Earnings Per Share of fils 53 for Q1 2026 versus fils 13 for the same period in 2025. Total Comprehensive Income attributable to Equity holders of Aluminium Bahrain B.S.C. for Q1 2026 stood at BD76.1 million (US$202.4 million) versus BD16.8 million (US$44.7 million) for the same period in 2025 – up by 353% YoY.

Total Equity attributable to owners of Aluminium Bahrain B.S.C. as of 31 March 2026 stood at BD2,098.7 million (US$5,581.5 million), up by 1%, versus BD2,084.6 million (US$5,544.2 million), as of 31 December 2025. Alba’s Total Assets as of 31 March 2026 were BD2,807.6 million (US$7,467 million) versus BD2,623.3 million (US$6,976.8 million) as of 31 December 2025 – up by 7%.

Commenting on the Company’s performance for the first quarter of 2026, the Chairman of Alba’s Board of Directors, Khalid Al Rumaihi stated: “Alba delivered a strong set of results in the first quarter, with Profit attributable to Equity holders increasing to BD75.3 million, reflecting disciplined execution and the inherent strength of the business. Despite lower volumes, our portfolio remained resilient, with Value-Added Products accounting for 71% of shipments - a clear demonstration of our focus on value over volume. We remain focused on the disciplined execution of our longterm strategic priorities. These include our recently announced agreement to acquire Aluminium Dunkerque, which will further expand Alba’s international footprint, building on its strong industrial foundation in Bahrain, while strengthening our global low-carbon aluminium platform.”

Alba’s Chief Executive Officer, Ali Al Baqali, added: “Alba’s first-quarter performance underscores the resilience and flexibility of our operating model in a challenging external environment. While Net Finished Production and Sales Volumes dropped by 14% and 17% respectively, these movements were driven by constraints across key regional shipping corridors.

Our focus remains firmly on the safety of our people, maintaining operational efficiency, disciplined cost control, and reliable delivery while actively managing through external developments.”

Alba Management will hold a conference call on Monday 18 May 2026 at 5:30PM Bahrain Time to discuss the Company’s financial and operational performance for Q1 2026 and outline its strategic priorities moving forward.

Update on Operational Status

In response to prevailing raw material availability conditions, Alba implemented disciplined production curtailment measures across its operations to optimise alumina utilisation, preserve smelter stability, and maintain overall system integrity. The Company continues to closely monitor inventory levels and key operating parameters, with a focus on maintaining safe, efficient, and reliable operations while preserving operational flexibility.

In parallel, Alba is safeguarding operational continuity through diversified sourcing strategies and flexible logistics solutions, including the utilisation of multiple regional ports and multimodal transport routes for both imports and exports.

Strategic Initiatives

o   e-Al Hassalah continues to demonstrate strong value accretion, delivering US$126.37 million in cumulative benefits since its inception in 2024, with Q1 2026 reflecting a marginal net loss of US$0.52 million.

Update on Aluminium Dunkerque

Alba has entered into an exclusive agreement with American Industrial Partners for the potential acquisition of Aluminium Dunkerque. Following receipt of relevant works council approvals, the Share Purchase Agreement was signed on 6 May 2026. The transaction closing remains subject to regulatory approvals.