Alcoa Posts Strong Q4, FY2025 Results on Higher Aluminum Prices
Aluminum | 2026-01-26 07:02:16
Operating cash flow improved to $1.2 billion, enabling Alcoa to reduce total debt to $2.4 billion.
By Paul Ploumis
SEATTLE (Scrap Monster): Alcoa Corporation (NYSE: AA; ASX: AAI) reported strong fourth-quarter and full-year 2025 financial results, reflecting higher aluminum prices, improved operational performance, and disciplined capital execution.
In the fourth quarter of 2025, revenue rose 15% sequentially to $3.4 billion. The company recorded net income of $226 million, or $0.85 per share, while adjusted net income reached $335 million, or $1.26 per share. Adjusted EBITDA excluding special items increased $276 million sequentially to $546 million. Operating cash flow totaled $537 million, supported by stronger margins and production gains, ending the quarter with a cash balance of $1.6 billion.
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For the full year, revenue increased 8% to $12.8 billion. Net income surged to $1.2 billion, or $4.42 per share, and adjusted EBITDA reached $2.0 billion. Operating cash flow improved to $1.2 billion, enabling Alcoa to reduce total debt to $2.4 billion.
Operationally, alumina production increased 1% sequentially to 2.48 million metric tons, while aluminum output rose 4% to 604,000 metric tons. CEO William F. Oplinger said Alcoa’s strong execution and strategic initiatives drove record production and enhanced shareholder value.
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What is the most likely impact of Alcoa’s debt reduction strategy?
Frequently Asked Questions
- How did Alcoa perform in Q4 2025?
Revenue rose 15% sequentially to $3.4 billion, with net income of $226 million and adjusted EBITDA of $546 million.
- What were the company’s full-year 2025 results?
Revenue increased 8% to $12.8 billion, net income surged to $1.2 billion, and adjusted EBITDA reached $2.0 billion.
- How did Alcoa’s cash position and debt change?
Operating cash flow totaled $1.2 billion for the year, allowing debt reduction to $2.4 billion and a Q4 cash balance of $1.6 billion.
