EGA revenue rises to $9bn on higher aluminium prices

• EGA revenue rises to $8.7bn
• Net profit up 16%
• Sold 2.83m tonnes of metal

Emirates Global Aluminium (EGA) has reported that its net profit rose 16 percent in 2025 amid rising aluminium prices and effective cost control. 

Excluding its subsidiary Guinea Alumina Corporation (GAC), profit reached AED4.9 billion ($1.3 billion) in 2025, compared with AED4.3 billion in 2024. 

Including GAC, net profit fell 19 percent to AED2.1 billion from AED2.6 billion in 2024. GAC results included impairment, provisions and other costs.

EGA secured alternative bauxite supply options, including from Australia, Ghana and Brazil, after its basic agreement with the government of Guinea was terminated and GAC’s mining licence was revoked. 

Overall revenue jumped 14 percent year on year to AED32 billion ($8.7 billion), thanks to record metal sales of 2.83 million tonnes.

The average realised London Metal Exchange aluminium price stood at $2,610 per tonne in 2025, up from $2,392 per tonne in 2024, supported by steady demand, aluminium supply disruptions and a weaker US dollar.

EGA said it delivered incremental improvements of more than AED235 million, supported by higher production volumes, efficiency gains, and procurement savings.

Al Taweelah alumina refinery produced 2.4 million tonnes of alumina (aluminium oxide) in 2025, slightly down from 2.54 million tonnes in 2024. The refinery met 46 percent of EGA’s alumina needs. 

“We made significant strategic progress to secure our future growth,” said Abdulnasser Bin Kalban, CEO of EGA. “We advanced plans for a new smelter in the US and successfully piloted our next-generation smelting technology, which will underpin our long-term competitiveness.”

He said the company has expanded its recycling footprint, adding new capacity in the US and pursuing growth projects in the UAE and Europe.  

CFO Pal Kildemo said the aluminium price was less than one-third that of copper, leading to accelerating potential substitution in power cables and wiring applications. 

The company paid a dividend of AED3.7 billion, representing a payout ratio of 75 percent last year, the statement said.

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Total debt declined to AED14.1 billion in 2025 from AED16 billion in 2024. 

EGA made scheduled debt repayments of AED2.5 billion and fully repaid the GAC loan of AED1.94 billion.

In January, EGA and US-based Century Aluminum agreed to build a production plant in the US, with construction set to start by the end of 2026.The smelter is expected to produce 750,000 tonnes of aluminium per year.

The company announced last December plans to invest $170 million to increase its recycling capacity in Germany by more than sixfold.EGA is co-owned by Abu Dhabi’s Mubadala Investment Company and the Investment Corporation of Dubai.