Business
Norsk Hydro: Solid upstream performance driving strong cash flow generation
Hydro’s adjusted EBITDA for the fourth quarter of 2025 was NOK 5,587 million, down from NOK 7,701 million in the same quarter last year. The results decreased from lower realized alumina prices and a stronger NOK. This was partly offset by higher primary and alumina volumes and lower raw material costs. Hydro generated NOK 4.6 billion in free cash flow, while the twelve month adjusted RoaCE ended at 10.2 percent. Alunorte alumina production above nameplate capacity, aluminium smelter production
About this update from Norsk Hydro Asa
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