ALUMINIUM Bahrain (Alba), the world’s largest aluminium smelter on one site, has reported a profit of BD24.6 million ($65.3m) for the second quarter of 2025, down by 64 per cent year-over-year (YoY), versus a profit of BD68.5m ($182.2m) for the same period in 2024.
The company reported basic and diluted earnings per share of 17 fils for Q2 2025 versus basic and diluted earnings per share of 48 fils in Q2 2024.
The total comprehensive income for Q2 2025 stood at BD21.9m ($58.1m) versus total comprehensive income for the second quarter of 2024 of BD66.7m ($177.4m) – down by 67pc YoY. Gross profit for Q2 2025 was BD47m ($125.1m) versus BD102m ($271.2m) for the same period in 2024 – down by 54pc YoY. As for revenue from contracts with customers in Q2 2025, Alba generated BD434m ($1,154.4m) versus BD407m ($1,082.3m) in Q2 2024 - up by 7pc YoY.
For the first half of 2025, Alba has reported a profit of BD42.7m ($113.5m), down by 54pc YoY versus a profit of BD93m ($247.3m) for the same period in 2024.
The company reported basic and diluted earnings per share of 30 fils for H1 2025 versus basic and diluted earnings per share of 66 fils for the same period in 2024.
Alba’s total comprehensive income for H1 2025 was BD38.7m ($102.8m), down by 59pc YoY, compared to a total comprehensive income of BD94.4m ($251m) in H1 2024.
Gross profit for the first half of 2025 was BD97.8m ($260.2m) versus BD159.2m ($423.5m) in H1 2024 – down by 39pc YoY. Alba generated in H1 2025 revenue from contracts with customers of BD843m ($2,242m) versus BD741.5m ($1,972.1m) in H1 2024 - up by 14pc YoY.
Total equity as of June 30, 2025 stood at BD1,924.4m ($5,118.2m), up by 0.03pc, versus BD1,923.9m ($5,116.9m) as of December 31, 2024. Alba’s total assets as of June 30, 2025 were BD2,657.9m ($7,069m) versus BD2,673.4m ($7,110m) as of December 31, 2024 – down by 0.6pc.
The board of directors of Alba resolved during the board e-meeting yesterday to recommend the distribution of interim dividend as at June 30, 2025 to the shareholders whose names are registered on the company’s register on the record date. The cash interim dividend is 10.55pc of the share nominal value, equivalent to 10.55 fils per share amounting to BD14,932,765 ($40m).
Commenting on the company’s performance for the second quarter of 2025, Alba chairman Khalid Al Rumaihi said: “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 76pc 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.”
Alba’s chief executive 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 at 12.30pm today to discuss the company’s financial and operational performance for Q2 2025 and outline its strategic priorities moving forward.
&uuid=(email))