Alba net profit hits $582m as US tariffs drive aluminium prices

Aluminium Bahrain (Alba) said net profit surged by almost a fifth in 2025 as US tariffs significantly lifted domestic aluminium prices.

Net profit rose to BD218.7 million ($582 million) from BD184.5 million in 2024, Alba said in a statement.

Total income jumped 16 percent year on year to BD213.2 million as prices averaged $2,630 per tonne in 2025, up 9 percent year on year, on the London Mercantile Exchange.

Net earnings for the fourth quarter of 2025 surged 193 percent year on year to BD108.7 million, as total income climbed 181 percent year on year to BD107 million.

However, prices remained volatile, fluctuating in Q4 between a low of $2,683.50 and a high of $2,968 a tonne, supported by solid market fundamentals, fund inflows and ongoing supply constraints.

The board recommended that the final cash dividend be 44 percent of the capital, or BD62 million. 

Alba expects global consumption to continue to grow, driven by structural deficits in North America and Europe, with China seeing new momentum from growing battery-storage applications.

Prices are projected to remain strong in the $2,650–2,750 per tonne range despite a slight moderation expected later in 2026. 

In addition, supply disruptions are expected to persist through 2026, offsetting planned capacity additions in Asia.

Shares of Alba closed at BD1.105 on the Bahrain Bourse on Tuesday.

Bahrain Mumtalakat Holding Company owns 69.38 percent of Alba, while Saudi Arabian Mining Company (Ma’aden) owns 20.62 percent.

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