Century Aluminum Company reported a significant increase in its financial performance for the fiscal year ended December 31, 2025, with net sales reaching $2.53 billion, a 14% increase from $2.22 billion in 2024. The company achieved a gross profit of $256.4 million, up from $172.0 million in the previous year. However, net income attributable to Century stockholders decreased to $41.8 million from $336.8 million in 2024, primarily due to a substantial bargain purchase gain recognized in the prior year related to the acquisition of a 55% interest in the Jamalco joint venture.
The company experienced operational challenges, including a significant electrical equipment failure at its Grundartangi smelter in October 2025, which temporarily reduced production by approximately two-thirds. Despite this setback, Century Aluminum's production capacity remained stable at around 770,000 tonnes per year, with total aluminum production for 2025 reported at 638,000 tonnes. The company also noted a strategic shift with the sale of its Hawesville facility for $200 million, which is expected to fund the restart of the last potline at the Mt. Holly facility and investments in a new smelter project in collaboration with Emirates Global Aluminium.
In terms of operational metrics, Century Aluminum's workforce totaled 2,906 employees as of December 31, 2025, with a significant portion of its production facilities located in the U.S. and Iceland. The company reported that approximately 54% of its consolidated sales were derived from Glencore, highlighting the concentration of its customer base. The average price of primary aluminum on the London Metal Exchange (LME) increased to $2,630 per tonne in 2025, compared to $2,419 in 2024, contributing to the overall revenue growth.
Looking ahead, Century Aluminum expressed optimism regarding its future operations, particularly with the planned construction of a new aluminum smelter in Inola, Oklahoma, which is expected to produce 750,000 tonnes of aluminum annually. The company anticipates that this project, along with the restoration of production at Mt. Holly, will enhance its competitive position in the market. However, the company also acknowledged the ongoing risks associated with fluctuating aluminum prices, energy costs, and the need for effective management of its supply chain and operational efficiencies.
About CENTURY ALUMINUM CO
Century Aluminum Company is a global primary aluminum producer operating smelters in the U.S. and Iceland. It manufactures standard-grade and value-added aluminum products, supported by vertically integrated bauxite mining and alumina refining through its Jamalco joint venture. Serving customers primarily in the U.S. and Europe, Century leverages low-cost power sources, proximity to key markets, and a focus on sustainability and value-added products to maintain competitiveness in the global aluminum industry.
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