Alcoa Corporation (NYSE: AA) today reported fourth quarter 2025 results with improved financial performance driven by higher aluminum prices and operational efficiency gains.
Financial Highlights
- Revenue of $2.9 billion, up 8% sequentially
- Net income attributable to Alcoa of $142 million
- Adjusted EBITDA of $450 million
- Adjusted EPS of $0.76
Segment Results
Alumina: Third-party revenue was $1.2 billion with ATOI of $180 million. Production was 3.1 million metric tons. Market conditions remained favorable with API pricing improving throughout the quarter.
Aluminum: Third-party revenue was $1.7 billion with ATOI of $95 million. Production was 540 thousand metric tons. LME prices increased 12% sequentially, benefiting results.
Sustainability Progress
Alcoa continued to advance its sustainability initiatives. The ELYSIS zero-carbon smelting technology partnership with Rio Tinto progressed toward commercial demonstration. The company also secured additional renewable energy supply for its Australian operations.
CEO Commentary
“Alcoa delivered improved results in the fourth quarter as market conditions strengthened,” said William Oplinger, President and CEO. “We remain focused on operational excellence and cost reduction while advancing our industry-leading sustainability initiatives.”
2026 Outlook
Alcoa expects improved financial performance in 2026 based on supportive aluminum market fundamentals and continued operational improvements.