Aluminium Bahrain B.S.C. (Alba), the world’s largest single-site aluminium smelter, announced its financial results. Despite headwinds, the earnings of the Bahrain aluminium continue to reflect operational strength and sales growth. The report covers both the second quarter and the first half of the year.
To begin with, Alba posted a profit of BD24.6 million in Q2. This result shows a 64 percent drop from the BD68.5 million earned in the same quarter last year. Earnings per share also declined, falling from fils 48 to fils 17. Meanwhile, total comprehensive income reached BD21.9 million, marking a 67 percent decrease.
Gross profit stood at BD47 million, down 54 percent year-over-year. However, Alba’s revenue from customer contracts improved. It climbed by 7 percent, reaching BD434 million. These figures offer a mixed view of the Bahrain aluminium company earnings, showing lower margins but higher sales volume.
Looking at the first half of the year, Alba reported BD42.7 million in profit. This represents a 54 percent decline compared to the previous year’s performance. Gross profit also fell, landing at BD97.8 million, down by 39 percent. Likewise, total comprehensive income decreased to BD38.7 million, a 59 percent drop.
In contrast, revenue from contracts with customers rose sharply. Alba generated BD843 million, showing a 14 percent increase from the previous year. This revenue jump, part of the company’s earnings, confirms strong global demand for aluminum. Furthermore, total equity remained steady at BD1,924.4 million. Total assets dipped slightly by 0.6 percent, ending at BD2,657.9 million.
Alongside its financial update, the board approved an interim dividend. The payout equals 10.55 percent of the share’s nominal value. In total, this amounts to BD14.9 million, or roughly US$40 million. This decision demonstrates confidence in the long-term outlook of the Bahrain aluminium company earnings.
Alba’s chairman noted that market pressures, especially higher alumina prices affected profitability. However, strong operations and increased value-added sales softened the impact. He stressed the company’s resilience and long-term growth mindset.
Additionally, Alba’s CEO celebrated a major safety record. The company achieved 38 million safe working hours without a lost time injury. This milestone highlights the company’s culture of discipline, even during volatile market conditions.
