**SummaryAluminium Bahrain B.S.C. (Alba) Half-Year Report 2025**
**Financial Performance (Q2 & H1 2025)**
**Q2 2025** Profit of BD24.6 million (US$65.3 million), down 64% YoY from BD68.5 million (US$182.2 million) in Q2 2024. Revenue rose 7% YoY to BD434 million (US$1,154.4 million), but gross profit fell 54% YoY to BD47 million (US$125.1 million).
**H1 2025** Profit of BD42.7 million (US$113.5 million), down 54% YoY from BD93 million (US$247.3 million) in H1 2024. Revenue increased 14% YoY to BD843 million (US$2,242 million), while gross profit declined 39% YoY to BD97.8 million (US$260.2 million).
**Key Drivers** Higher alumina prices and global market challenges impacted profitability, despite revenue growth.
**Operational Highlights**
Sales volume reached 411007 MT in Q2 2025up 3.4% YoY.
Value Added Sales (VAP) accounted for 76% of total shipments, a 9% YoY increase.
Strategic initiatives include cost savings of US$59.4 million under e-Al Hassalah, expansion of the EternAlTM low-carbon product line, and adoption of AI-powered Seeq platform.
**Market Fundamentals**
Global aluminium demand grew 3% YoY, but regional demand varied: China (+4%), North America (-1%), Europe (-2%), and Middle East (-4%).
Global supply increased 2%, with modest growth in China (+2%) and Middle East (+1%).
LME aluminium prices averaged US$2447/t in Q2 2025 (-3% YoY)with inventories down 66% YoY to 349000 MT.
**Dividend & Financial Position**
Interim dividend of Fils 10.55 per share (BD14.9 million/US$40 million) recommended.
Total equity as of June 2025: BD1924.4 million (US$5118.2 million)up 0.03% YoY.
Total assets: BD2657.9 million (US$7069 million)down 0.6% YoY.
**Strategic Priorities**
1. **Sustainability** Aligning with Bahrain’s net-zero emissions target by 2060, focusing on decarbonisation and green energy.
2. **Operational Excellence** Aim to exceed 2024 production levels and achieve cost-saving targets.
3. **Capacity Expansion** Complete feasibility study for new replacement line and establish Alba Daiki Sustainable Solutions (ADSS) by September 2026.
**Leadership Comments**
Chairman Khalid Al Rumaihi highlighted resilience amidst global headwinds and the focus on revenue growth and VAP expansion.
CEO Ali Al Baqali emphasized employee dedication, safety achievements (38 million safe working hours), and confidence in navigating challenges.
**ESG Initiatives**
Launched EternAlTM low-carbon aluminium products in June 2025.
Committed to circular economy, employee welfare, and transparency through a comprehensive ESG Roadmap.
**Outlook**
Near-term market uncertainty due to tariffs and weak demand, but long-term aluminium demand remains robust.
LME prices projected to range between US$2,300/t and US$2,450/t in the near term.
**Stakeholder Engagement**
Proactive communication with stakeholders and a 24/7 external grievance mechanism via the Alba Integrity Line.
Alba remains focused on sustainability, operational growth, and stakeholder value creation despite global market challenges.