Rusal Reports $87 Million First-Half Loss Amid Soaring Costs and Sanctions

Published: Aug 15, 2025 17:54

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[Russian Aluminium Giant Rusal Posts $87 Million First-Half Loss Amid Surging Costs]
According to Reuters on August 15, 2025, Russian aluminium producer Rusal, the world’s largest outside China, reported a net loss of $87 million for the first half of the year, a sharp decline from a $565 million profit in the same period last year. The loss was driven by a $408 million surge in finance expenses—mainly due to higher interest on loans and bonds—and a $181 million foreign exchange loss.
Cost of sales rose by 40% to $6.11 billion, as sales volumes of primary aluminium increased and prices for alumina, raw materials, electricity, and transport climbed. Despite ongoing indirect impacts from Western sanctions related to the war in Ukraine, which have led some Western buyers to avoid Russian metal, Rusal’s revenue grew 32% year-on-year to $7.52 billion, supported by higher sales of aluminium and alloys.

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