Century Aluminum posts $170.6M Q4 EBITDA, eyes $215–235M Q1 outlook
Century Aluminum reported Q4 net sales of $633.7M and adjusted EBITDA of $170.6M, up $69.5M, while GAAP net income fell to $1.8M due to $126.4M in exceptional charges including an Iceland equipment failure. For FY2025, net sales rose to $2.53B, adjusted net income was $253.8M, and liquidity stood at $418M year-end.
1. Q4 2025 Financial Performance
In Q4 2025, Century Aluminum posted net sales of $633.7M and GAAP net income of $1.8M ($0.02/share). Adjusted net income was $128.2M and adjusted EBITDA reached $170.6M, bolstered by higher aluminum prices despite a 14% shipment decline from an Iceland equipment failure and $126.4M of exceptional costs.
2. Full Year 2025 Results
For full year 2025, net sales increased to $2.53B and GAAP net income totaled $41.8M ($0.42/share). Adjusted net income improved to $253.8M and adjusted EBITDA climbed to $425.1M, reflecting higher realized LME prices and regional premiums despite a 5% drop in shipments.
3. Operational Developments and Q1 2026 Outlook
In January 2026, Century struck a joint development agreement with Emirates Global Aluminium to build a new U.S. smelter in Oklahoma, the first since 1980. The company also agreed to sell and redevelop its Hawesville smelter and plans to restart over 50,000 tonnes at Mt. Holly by Q2 2026; Q1 adjusted EBITDA is projected at $215M–$235M.