【SMM Aluminum Flash News】Novelis Reports Q4 Net Loss Despite 4% Sales Growth

Published: May 22, 2026 09:14

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Novelis released its Q4 and full-year fiscal 2026 results, showing that net sales increased by 4% year-over-year to $4.8 billion in Q4, primarily driven by higher average aluminum prices, but partially offset by a 12% decrease in total rolled product shipments to 844,000 tonnes. The decline in shipments was attributed to production disruptions at the Oswego plant and geopolitical tensions leading to weakness in certain specialty aluminum markets. The company reported a net loss attributable to common shareholders of $84 million in Q4, compared to a net profit attributable to common shareholders of $294 million in the same period last year.

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