Century Aluminum Company Reports Third Quarter 2025 Results

About this update from Century Aluminum Company

[{"type":"text","content":"CHICAGO, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced its third quarter 2025 results. Third Quarter 2025 Financial Results $MM (except shipments and per share data) Q3 2025 Q2 2025Aluminum shipments (tonnes) 162,442 175,741 Net sales$632.2 $628.1 Net income (loss) attributable to Century stockholders$14.9 $(4.6)Diluted earnings (loss) per share attributable to Century stockholders$0.15 $(0.05)Adjusted net income attributable to Century stockholders(1)$57.9 $30.4 Adjusted earnings per share attributable to Century stockholders(1)$0.56 $0.30 Adjusted EBITDA attributable to Century stockholders(1)$101.1 $74.3 Notes:(1) Non-GAAP measure; see reconciliation of GAAP to non-GAAP financial measures. Business Highlights Net sales of $632.2 million increased slightlyRealized Midwest Premium of $1,425/MT in third quarter is up $575/MT from prior quarterAchieved adjusted EBITDA attributable to Century stockholders of $101.1 millionU.S. billet premiums expected to increase $110/MT for FY26 volumesFinalized Mt. Holly power agreement through 2031, a critical step in enabling the restart of idled capacityReceived 2024 45X refund totaling $75 million in October Net sales for the third quarter ended September 30, 2025 increased by $4.1 million sequentially primarily driven by an increase in realized Midwest premium, partially offset by unfavorable volume and sales mix and third-party alumina sales. Century reported Net income attributable to Century stockholders of $14.9 million for the third quarter of 2025, a $19.5 million increase sequentially. The increase in net earnings during the third quarter of 2025 was primarily attributable to favorable realized Midwest Premium, partially offset by higher losses on derivative instruments, unfavorable volume and sales mix, unfavorable power price realization and unfavorable other costs, including increased labor costs associated with the Mt. Holly restart project. Third quarter results were also impacted by $43.8 million of net exceptional items, in particular, $20.7 million of unrealized losses on derivative instruments, $9.7 million of share-based compensation, a $6.2 million loss on extinguishment of debt and $4.2 million related to equipment failures in Iceland, net of tax. Therefore, Century reported an Adjusted net income attributable to Century stockho...

More updates from Century Aluminum Company