Century Aluminum (CENX.US) reported its third-quarter 2025 financial results on the morning of November 7, Beijing Time. The company posted revenue of $632.2 million, up 17.3% year-over-year, surpassing expectations by $2.35 million. However, adjusted earnings per share came in at $0.56, $0.28 below estimates.
Aluminum shipments for Q3 totaled 162,442 tons, down from 175,741 tons in the previous quarter. The revenue growth was primarily driven by higher Midwest premiums, though partially offset by unfavorable shipment volumes, sales mix, and third-party alumina sales.
Net income attributable to shareholders reached $14.9 million, a $19.5 million sequential improvement. Adjusted net income stood at $57.9 million, up $27.5 million quarter-over-quarter. The profit growth was supported by realized gains in Midwest premium operations but was partially weighed down by increased derivative losses, unfavorable sales volume and mix, lower realized power prices, and higher costs—including labor expenses tied to the restart of the Hawesville project.
Adjusted EBITDA attributable to shareholders was $101.1 million. As of September 30, 2025, Century’s liquidity position totaled $488.2 million, comprising $151.4 million in cash and equivalents and $336.8 million in available borrowings.
For Q4, the company expects adjusted EBITDA between $170 million and $180 million, benefiting from higher London Metal Exchange (LME) prices and Midwest premiums.
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