Alcoa's Robust Q1 2025 Results Driven by Strong Aluminum Market

SEATTLE (Scrap Monster): Alcoa Corporation reported results for the first quarter of the current year. The company posted robust results for the quarter, mainly driven by stronger global aluminum markets.

During the quarter, the company's net income was $548 million, or $2.07 per share. In comparison with the consecutive quarter, this is 171% higher. The adjusted net income reached $568 million, or $2.15 per common share, a 106% sequential increase. When compared to the previous quarter, the adjusted EBITDA excluding extraordinary items increased by 26% to $855 million.

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In an effort to guarantee the San Ciprian smelting complex's continuous functioning, Alcoa and IGNIS Equity Holdings, SL formed a joint venture during the quarter. At the end of the quarter, the company's cash balance was $1.2 billion.

Alcoa produced 2.35 million metric tons of alumina, a slight quarter-over-quarter decrease of 1%. A comparable drop in aluminum production to 564,000 metric tons was also seen. While total aluminum shipments decreased by 5% over the previous quarter, third-party alumina shipments decreased by 8%.

Stronger first-quarter profits were a result of a healthy aluminum market, according to William F. Oplinger, President and CEO of Alcoa. He stated that despite economic uncertainty, the organization managed to achieve operational excellence, safety, and stability.