Alcoa agreed to buy South32’s AliGroup assets for USD 3.1 billion cash plus about 17 million shares valued at about USD 1 billion, targeting a first-half 2027 close.
Quarterly results and segment performance
Alcoa posted net income attributable to shareholders of USD 407 million for the quarter ended June 30, 2026, down USD 18 million sequentially.
Sales climbed 24.21% to USD 3.97 billion from the prior quarter, driven by higher aluminum shipments and pricing.
Diluted EPS was USD 1.53, down from USD 1.60 in the prior quarter, while income before income taxes slipped to USD 482 million from USD 499 million.
Aluminum segment adjusted EBITDA rose to USD 1.07 billion from USD 694 million, while the Alumina segment adjusted EBITDA widened to a loss of USD 96 million from a loss of USD 40 million.
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