ALBA, the world’s largest aluminium smelter on one site, has reported a profit attributable to its equity holders of BD64.9 million ($172.5m) for the second quarter of 2026, up by 164 per cent year-over-year (YoY), versus a profit attributable to its equity holders of BD24.6m ($65.4m) for the same period in 2025.
The company reported basic and diluted earnings per share of 46 fils for Q2-2026 versus basic and diluted earnings per share of 17 fils in Q2 2025.
The total comprehensive income for Q2 2026 stood at BD64.5m versus total comprehensive income for the second quarter of 2025 of BD21.9m – up by 195pc YoY.
For the first half of 2026, Alba has reported a profit attributable to its equity holders of BD140.2m ($372.8m), up by 228pc YoY versus a profit attributable to equity holders of Alba of BD42.7m ($113.5m) for the same period in 2025.
The company reported basic and diluted earnings per share of fils 99 for H1 2026 versus basic and diluted earnings per share of fils 30 for the same period in 2025.
Alba’s total comprehensive income for H1 2026 was BD140.6m, up by 264% YoY, compared to a Total Comprehensive Income of BD38.6m ($102.8m) in H1 2025.
Equity attributable to owners of Alba as of 30 June 2026 stood at BD2,163.5m ($5,753.9m), up by 4pc, versus BD2,084.6m ($5,544.2 million), as of 31 December 2025. Alba’s Total Assets as of 30 June 2026 were BD2,867.2m ($7,625.6m) versus BD2,623.3m ($6,976.8m) as of 31 December 2025 – up by 9pc.
Update on Q2 operational status
The company proactively adjusted production levels during the period to address raw material availability constraints while maintaining the safe and stable operation of its facilities.
Optimised alumina utilisation, coupled with rigorous management of inventory and supply chain flows, enabled Alba to preserve smelter stability, protect critical assets and maintain operational reliability. The actions taken ensure readiness to respond efficiently as market and supply conditions improve.
Alba 2026 Priorities:
l Continue prioritising safe, stable and reliable operations while maintaining a strong focus on employee safety and operational continuity.
l Maintain operational flexibility and agility to respond effectively to evolving regional developments and supply chain dynamics.
l Progress Aluminium Dunkerque’s transaction, subject to regulatory approvals, with continued engagement with relevant authorities.
l Advance strategic growth initiatives, including the construction and commissioning of Alba Daiki Sustainable Solutions (ADSS).
l Advance Alba’s sustainability and decarbonisation agenda, supporting Bahrain’s Net Zero ambitions while strengthening the Company’s position as a supplier of low-carbon aluminium.
l Strengthen commercial resilience through value-added and certified product offerings, supporting customer continuity and market access amid evolving regional conditions.
Commenting on the company’s performance for the second quarter of 2026, Alba’s board of directors chairman Khalid Al Rumaihi said: “Alba delivered a resilient financial performance despite a challenging operating environment marked by regional tensions and supply chain disruptions. The company’s ability to generate EBITDA of $295m and profit of $173m highlights the strength of its operational discipline, cost management and strategic focus.
“We also continue to progress on the proposed acquisition of Aluminium Dunkerque, having recently announced Bpifrance’s co-investment in the company. Bpifrance’s participation reflects strong local institutional support and further reinforces confidence in Alba’s role as a long-term strategic shareholder.
“The transaction remains subject to remaining regulatory approvals and customary closing conditions, and Alba will continue to update the market as appropriate.”
Alba’s chief executive officer Ali Al Baqali added: “The actions taken during the quarter were guided by a clear priority: safeguarding our people, assets and long-term operational capability. Through disciplined production curtailments and rigorous management of raw material flows, we maintained operational stability despite unprecedented supply chain challenges. Importantly, the steps taken have preserved the flexibility needed to support a swift recovery as conditions improve.”
&uuid=(email))