Alba Reports Decline in Q1 2025 Profit Amid Record Sales and Strong Demand

Published: May 14, 2025 16:15
[Alba Reports Decline in Q1 2025 Profit Despite Record Sales Volume and Strong Demand]
Aluminium Bahrain (Alba) reported a net profit of BD18.1 million (US$48.2 million) for Q1 2025, marking a 25.9% year-over-year (YoY) decrease. Total comprehensive income fell 39.4% YoY to BD16.8 million, and gross profit dropped 11.3% to BD50.8 million. Despite these declines, revenue rose 22.2% YoY to BD408.9 million, driven by higher LME prices (+20%) and premiums (+38%), although increased production costs compressed margins.
On the operational side, Alba achieved record sales of 374,809 MT (+3% YoY), while net finished production slightly declined to 396,866 MT (-2% YoY). Value Added Product (VAP) sales reached 71% of total shipments. The company also reported progress on cost-saving measures, reaching over half of its US$60 million 2025 target.
Global aluminium demand rose 2% YoY, with growth in North America (+1%), China (+1%), and the Middle East (+3%). Supply grew just 1%, constrained by production limits in China and shutdowns in other regions. The market showed a surplus including China, but a deficit when excluding it.

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