EGA Reports Record 2025 Sales, Strong Profit Growth

Emirates Global Aluminium (EGA) announced strong financial results for 2025, supported by record sales, higher aluminium prices, and continued cost control measures.

Strong Profit and Revenue Growth

EGA’s underlying net profit, excluding GAC, increased 16 percent to AED4.93 billion ($1.34 billion), compared to AED4.26 billion ($1.16 billion) in 2024.

Including GAC results, net profit stood at AED2.12 billion ($578 million), down from AED2.62 billion ($715 million) in 2024 due to higher charges.

GAC recorded a charge of AED2.81 billion ($765 million) in 2025, compared to AED1.64 billion ($447 million) in 2024, mainly due to impairment, provisions, and other costs, net of tax credits.

EGA paid AED3.7 billion ($1 billion) to shareholders in 2025, representing a payout ratio of around 75 percent.

EBITDA and Cash Flow Performance

Underlying EBITDA rose to AED9.28 billion ($2.53 billion) from AED8.69 billion ($2.37 billion) in 2024. Including GAC, EBITDA reached AED8.51 billion ($2.32 billion).

Underlying revenues increased 14 percent to AED31.98 billion, compared to AED28.14 billion in 2024. Growth was driven by higher realised aluminium prices and the company’s “Najah” performance improvement programme.

The underlying EBITDA margin stood at 29 percent in 2025, slightly lower than 31 percent in 2024 due to higher alumina and bauxite prices. However, EGA continues to lead listed industry peers.

Underlying cash flow from operations was AED8.27 billion ($2.25 billion), nearly stable compared to AED8.30 billion in 2024. The cash conversion ratio improved significantly to 80 percent from 64 percent last year.

EGA delivered over AED235 million ($65 million) in additional performance improvements in 2025 through higher production, efficiency gains, and procurement savings.

From 2026, EGA will launch “Najah 2.0”, targeting AED1.62 billion ($440 million) in annual improvements by 2030 through operational upgrades, better raw material sourcing, and stronger sales performance.

Record Production and Sales

EGA achieved its highest-ever cast metal production of 2.84 million tonnes in 2025. Sales reached a record 2.83 million tonnes, supplied to more than 400 customers across over 50 countries, up from 2.77 million tonnes in 2024.

Value-added premium aluminium products accounted for 81 percent of total sales in 2025, compared to 82 percent in 2024.

Al Taweelah alumina refinery produced 2.40 million tonnes of alumina, slightly lower than 2.54 million tonnes in 2024, covering 46 percent of EGA’s alumina needs. During the year, modifications were made to improve refinery efficiency and increase processing flexibility.

US Expansion and Global Growth

EGA announced plans to build the first new primary aluminium production plant in the United States since 1980. The facility will have a production capacity of 750,000 tonnes per year.

After the reporting period, Century Aluminium signed a joint development agreement to join the project in Oklahoma. EGA will hold a 60 percent stake, while Century Aluminium will own 40 percent.

EGA also started production at its next-generation EX smelting technology pilot project in Al Taweelah. The technology offers higher output with lower energy use and emissions and is being prepared for industrial deployment in Oklahoma.

Recycling Expansion

In the UAE, EGA is close to completing the country’s largest aluminium recycling plant in Al Taweelah, with a capacity of 185,000 tonnes per year of low-carbon billets and T-bars. First production is expected by the end of Q1 2026.

In Germany, EGA plans to expand its recycling capacity near Hannover by building a second facility.

In the United States, the first phase of the EGA Spectro Alloys expansion was completed in 2025. The second phase is expected to finish in 2027, increasing capacity to 200,000 tonnes per year.

Clean Energy and Decarbonisation

In 2025, EGA signed a major initiative with Abu Dhabi National Energy Company (TAQA), DUBAL Holding, and Emirates Water and Electricity Company (EWEC) to decarbonise aluminium production.

As part of the agreement, TAQA and DUBAL Holding will acquire EGA’s Al Taweelah power and water assets for AED7 billion ($1.9 billion).

EGA also signed long-term electricity supply agreements for 23 terawatt hours per year over 24 years, with an increasing share from renewable and clean energy sources.

The initiative is expected to reduce greenhouse gas emissions by 3.5 million tonnes annually by 2035, equal to more than three percent of Abu Dhabi’s current emissions.

Supporting UAE Industry

In line with the UAE’s Operation 300bn strategy, EGA sold 311,000 tonnes of cast metal to local customers in 2025, slightly higher than 310,000 tonnes in 2024.

EGA and Sunstone will also build a 300,000-tonne-per-year anode plant in Abu Dhabi, with first production expected in 2028.

Leadership Comments

EGA CEO Abdulnasser bin Kalban said the company delivered strong results driven by record sales, favourable aluminium prices, and disciplined cost control.

Chief Financial Officer Pål Kildemo highlighted growing global demand for aluminium due to sustainability, electrification, infrastructure renewal, aerospace, defence, and electric vehicles, positioning EGA for long-term growth.