Aluminium Bahrain B.S.C. (Alba), recognized as the world’s largest aluminium smelter on one site, reported a profit of BD67.3 million (US$179 million) for the third quarter of 2025, marking a 23% increase compared to the same period in 2024. The company’s basic and diluted earnings per share for Q3 2025 were fils 48, up from fils 39 in Q3 2024. Total comprehensive income reached BD67.5 million (US$179.4 million), reflecting a year-on-year rise of 32%. Gross profit for the quarter was BD98 million (US$260.8 million), representing a 22% increase from the previous year. Revenue from contracts with customers stood at BD449.4 million (US$1,195.3 million), which is a 4% increase over Q3 2024.
For the first nine months of 2025, Alba posted a profit of BD110 million (US$292.4 million), down by 25% compared to the same period last year. Earnings per share during this period were fils 78, while total comprehensive income fell by 27% to BD106 million (US$282.2 million). Gross profit decreased by 18%, amounting to BD190.7 million (US$507.2 million). However, revenue increased by 10%, reaching BD1,292.4 million (US$3,437.3 million).
As of September 30, 2025, Alba’s total equity rose by 3% to BD1,978 million (US$5,260.4 million) compared to December-end figures from the previous year, while total assets slightly declined by about 1%.
The global aluminium market experienced limited demand growth and balanced supply conditions during this period due to ongoing trade tensions and tariffs that have constrained demand in regions such as North America and Europe but allowed modest growth in China through targeted stimulus measures. Global output growth remained low at just around one percent year-on-year because of capacity constraints in China and slow recovery elsewhere.
The London Metal Exchange price averaged US$2,617 per tonne in Q3—a ten percent annual increase—amid continued price volatility influenced by currency movements and expectations regarding monetary policy changes.
Operationally for Q3, Alba recorded sales volume of approximately 413,636 metric tonnes—a four percent decrease year-on-year—while net finished production increased three percent to reach about 412,757 metric tonnes.
Among its strategic initiatives during this period were achieving US$78.52 million in savings under its e-Al Hassalah program—surpassing its target—and renewing key supply agreements while pursuing new partnerships for potential alumina refinery projects.
Looking ahead into late-2025 and beyond, Alba aims to align with Bahrain’s Net-Zero Vision for sustainability across its operations and plans further expansion projects including feasibility studies for new production lines and investments in sustainable solutions such as aluminium dross processing facilities.
Chairman Khalid Al Rumaihi commented: “Alba’s Q3 performance, 23% year-on-year profit growth, underscores our resilience and disciplined execution. We are not only delivering strong financial performance but also embedding sustainability across our operations, aligned with Bahrain’s 2060 Net-Zero Vision. Our priority is future-proofing Alba through capacity expansion, circularity, and innovation to ensure long-term value for our shareholders and stakeholders.”
Chief Executive Officer Ali Al Baqali added: “While market headwinds impacted nine-month profit, our revenue growth and progress on e-Al Hassalah savings reflect our ability to adapt and thrive. Beyond financials, achieving 41 million safe working hours and earning a 5-Star rating from the British Safety Council underlines our commitment to safety and people – the true drivers of our performance.”
A conference call will be held on November 12th at 3 PM Bahrain Time where management will discuss these results along with future strategic priorities.
