Aluminium Bahrain B.S.C. (Alba), recognized as the world’s largest aluminium smelter on one site, reported a significant increase in its financial results for the fourth quarter and full year of 2025. The company posted a profit of BD108.7 million (US$289.2 million) for Q4 2025, marking a 193.4% rise compared to BD37.1 million (US$98.6 million) during the same period in 2024. Basic and diluted earnings per share were fils 76 for Q4 2025, up from fils 26 in Q4 2024.
Total comprehensive income for the last quarter of 2025 reached BD107 million (US$284.7 million), which is an increase of 181% year-over-year from BD38.1 million (US$101.3 million) in Q4 2024.
For the entire year, Alba recorded a profit of BD218.7 million (US$581.6 million), an improvement of 18.5% over the previous year’s BD184.5 million (US$490.8 million). Annual basic and diluted earnings per share rose to fils 154 from fils 130 in 2024, while total comprehensive income grew by 16.2% to BD213.2 million (US$567 million).
As of December 31, 2025, Alba’s total equity increased by 8.4% to BD2,085.6 million (US$5,546.8 million). However, total assets declined by nearly 1.9%, standing at BD2,623.3 million (US$6,976.8 million), compared with BD2,673.4 million (US$7,110 million) at the end of the prior year.
On February 17, Alba’s Board recommended a final cash dividend distribution equal to Fils 43.51 per share or approximately BD61,612,237 (US$163,862,332), representing about 43% of nominal share value.
In terms of market context during this period:
– The global economy showed resilience in 2025 as inflation stabilized.
– U.S tariffs raised domestic aluminium prices but resulted only in limited increases in production.
– Worldwide demand for aluminium remained stable with slight growth except in North America where it dropped by three percent.
– Global output increased just two percent due to capacity limits in China and slow recovery elsewhere; Canadian production decreased amid export adjustments.
– The global market experienced a surplus both including and excluding China.
The average London Metal Exchange price for aluminium was US$2,630 per tonne—up nine percent over the previous year—with inventory levels falling twenty percent year-over-year to about half a million tonnes.
Operationally:
– Sales volume slightly increased to over 1.6 million tonnes.
– Net finished production also rose marginally.
– Value-added product sales represented seventy-four percent of shipments—up two percentage points—with volume increasing by more than three percent.
– Cost savings through digital initiatives exceeded targets set for the year.
– Partnerships expanded into advanced data modeling and joint investments with international partners.
Looking ahead into next year and beyond:
Alba intends to further integrate sustainability throughout its operations in line with Bahrain’s net-zero vision for 2060 and aims to surpass its current records on production efficiency and cost savings targets by leveraging certifications such as ASI and EcoVadis along with new product portfolios designed around low-carbon solutions.
Chairman Khalid Al Rumaihi said: “The highest quarterly profit in Alba’s history, achieved in Q4 2025, reflects our strong dedication to performance and value creation. With strong LME prices and disciplined operational delivery, we’ve set a new profitability record that speaks to our resilience and strategic clarity.
This exceptional outcome has enabled us not only to accelerate the servicing of our outstanding loans but also to confidently recommend a higher final dividend tranche for our shareholders.”
Chief Executive Officer Ali Al Baqali added: “Our record fourth quarter performance in 2025 is a reflection of the discipline, resilience, and operational strength that define Alba. Beyond the exceptional financial results, what makes this achievement meaningful is the way we delivered it – safely, responsibly, and with a steadfast commitment to continuous improvement.
I also want to take this opportunity to thank all Alba employees and contractor personnel for achieving 44 million safe working hours without LTI. This milestone is a testament to your dedication and safety-first mindset.”
A conference call will be held on February 18 at one o’clock Bahrain time where management will discuss these results as well as future priorities.
