EGA's Profit Up 7%, Faces $765M Loss After Guinea Revokes Bauxite Concession

Published: Feb 28, 2026 17:25

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Although Emirates Global Aluminium's core profit increased by 7% last year due to higher sales, the company suffered a major setback in Guinea—the local government revoked the bauxite concession of its subsidiary Guinea Alumina Corporation (GAC), resulting in an impairment loss of up to $765 million. The UAE opposed this decision, and Emirates Global Aluminium's President Bin Kalban revealed that consultations with Guinean authorities are still ongoing.

In response to the supply disruption, Emirates Global Aluminium quickly launched a diversified supply strategy, signing alternative bauxite supply agreements with countries such as Australia and Ghana, which can currently meet over 70% of its raw material needs.

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