Emirates Global Aluminium (EGA), the world’s largest producer of premium aluminum, has announced robust financial performance and record sales for 2025. The company reported a net profit of 2.12 billion dirhams (approximately $578 million), down from 2.62 billion dirhams in 2024.
EGA achieved an adjusted EBITDA of 9.28 billion dirhams, an increase from 8.69 billion dirhams in 2024, driven by rising average realized aluminum prices and the “Success” performance improvement program. The adjusted EBITDA margin declined slightly to 29% in 2025 from 31% in the previous year, attributed to higher alumina and bauxite prices, yet the company maintained its leading position compared to other major firms.
The company distributed 3.7 billion dirhams to its shareholders in dividends for 2025, resulting in a dividend payout ratio of around 75%. EGA’s total debt fell to 14.08 billion dirhams from 15.96 billion dirhams in 2024. During this period, the company repaid scheduled debts amounting to 2.5 billion dirhams and settled a loan from Guinea Alumina Corporation totaling 1.94 billion dirhams.
Excluding the results from Guinea Alumina Corporation, EGA’s net profit soared by 16% to 4.93 billion dirhams, compared to 4.26 billion dirhams in 2024.
The company emphasized cost optimization and performance improvement across the value chain, achieving cumulative savings that exceeded 235 million dirhams in 2025 versus 2024, driven by production increases and cost efficiency enhancements.
Starting in 2026, EGA will launch phase two of its “Success 2.0” improvement program, aiming for additional annual savings of 1.62 billion dirhams by 2030 compared to 2024.
EGA’s output of cast aluminum reached an all-time high of 2.84 million tons, with record sales of 2.83 million tons to over 400 customers across more than 50 countries, up from 2.77 million tons in 2024. The share of value-added products—high-quality aluminum—accounted for 81% of total sales in 2025 (compared to 82% in 2024). The Al Taweelah alumina refinery produced 2.40 million tons of alumina in 2025, a slight decline from 2.54 million tons in 2024, covering 46% of the company’s alumina needs. Throughout 2025, EGA made various adjustments to enhance the refinery’s efficiency in processing a wider variety of bauxite and removing production bottlenecks, enabling increased alumina production capacity.
Cost Control
Abdulsalam Al Morshedi, CEO of EGA, stated, “In 2025, we recorded a strong underlying financial performance supported by record sales, increased aluminum prices, and our commitment to cost control, reflecting the robustness and resilience of our business. At the same time, we continued to execute our growth strategy steadily, achieving significant progress in plans for the new primary aluminum smelter in the United States, and launched a pilot project featuring the latest smelting technologies to support our future expansion. In the recycling sector, we’ve enhanced our recycling capabilities in the U.S. and continue to implement expansion projects in the UAE and Europe.”
EGA achieved record sales of low-carbon aluminum products, which rose by 70% to reach 196,000 tons. The company sold 109,000 tons of “Celestial” aluminum produced with solar energy (including 36,000 tons of “Celestial-R,” which is blended with recycled aluminum), compared to 84,000 tons in 2024. In 2025, EGA also introduced “Minimal” low-carbon aluminum produced using nuclear power. Moreover, sales of recycled “Revival” aluminum surged to 86,000 tons, up from 31,000 tons in 2024. The average London Metal Exchange price for aluminum in 2025 was $2,610 per ton, compared to $2,392 per ton in 2024, bolstered by steady demand, aluminum supply disruptions, and a weakening U.S. dollar.
Regional premiums saw significant fluctuations in 2025. In Japan, the MJP index peaked above $220 per ton at the beginning of the year, fell to around $65 by August, then concluded the year at approximately $170 per ton. The average MJP index in 2025 stood at about $125 per ton compared to around $145 per ton in 2024.
Key Sectors
Paul Kildemo, EGA’s Chief Financial Officer, commented, “Current global trends support continuous growth in aluminum demand across key sectors, primarily sustainability, electric mobility, and infrastructure renewal. The aerospace and defense sector stands out as a crucial growth driver, as electric vehicles require significantly more aluminum than traditional vehicles. Aluminum is priced at less than a third of copper’s price, accelerating its replacement in cable and energy applications. These factors position the aluminum sector, along with EGA’s operations, for strong and sustainable long-term growth.”