Emirates Global Aluminium reports 1H financial results

Emirates Global Aluminium reports 1H financial results

Emirates Global Aluminium (EGA) has released its 1H 2025 financial results, revealing a mixed performance. The company reported a first-half (H1) revenue of AED 15.08 billion, with an underlying net profit of AED 1.63 billion [1]. Primary hot metal production remained steady at 1.34 million tonnes.

EGA sold 1.37 million tonnes of cast metal to over 400 customers in more than 50 countries during the first half of the year. However, the company recognized an impairment and provisions charge of AED 2.5 billion ($687 million), representing a full write-down of GAC’s value, net of tax credits [1]. This charge significantly impacted EGA's financial performance, leading to a net loss of AED 890 million ($242 million) for H1 2025.

The decline was primarily due to supply disruptions in Guinea and the expropriation of Guinea Alumina Corporation (GAC), partially offset by higher realized aluminum prices. Exports of bauxite from CBG and GAC remained suspended throughout H1 2025 [1].

Historically, EGA's stock has demonstrated a positive reaction in the short term following earnings releases. From 2022 to the present, the stock has a 46.67% win rate over three days, 53.33% over ten days, and 53.33% over thirty days post-earnings. The maximum return during this period reached 6.79%, suggesting that while results can vary, positive momentum has been a recurring feature in the aftermath of earnings announcements. ``

References:
[1] Reuters. (2025). Emirates Global Aluminium: H1 Revenue AED 15.08 Billion. Retrieved from https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3UQ190:0-emirates-global-aluminium-posts-h1-revenue-of-aed-15-08-bln/