Abu dhabi: Emirates Global Aluminium (EGA) announced a significant rise in its underlying financial performance for 2025, reporting an underlying net profit of AED4.93 billion ($1.34 billion), marking a 16 percent increase from AED4.26 billion ($1.16 billion) in 2024.
According to Emirates News Agency, despite a charge of AED2.81 billion ($765 million) from Guinea Alumina Corporation (GAC) results, EGA managed to deliver a net profit of AED2.12 billion ($578 million) in 2025. The company's cash flow from operations remained robust at AED8.27 billion ($2.25 billion), maintaining a high cash conversion ratio of 80 percent. EGA's underlying Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose to AED9.28 billion ($2.53 billion), ascribed to higher aluminium prices and improved operational efficiencies.
EGA's revenues increased by 14 percent to AED31.98 billion due to the "Najah" performance improvement programme and elevated aluminium prices. The company's cast metal production reached an all-time high of 2.84 million tonnes, with sales hitting a record 2.83 million tonnes across more than 50 countries.
In 2025, EGA undertook strategic initiatives, including plans for a new aluminium production plant in the United States, marking the first such establishment in the country since 1980. The facility is expected to have a capacity of 750,000 tonnes per year. EGA also progressed its aluminium recycling efforts with advancements in the UAE and Germany, enhancing its global recycling platform.
A strategic partnership with TAQA, DUBAL Holding, and EWEC aims to decarbonise aluminium production in Abu Dhabi. This initiative includes the acquisition of EGA's Al Taweelah power and water assets for AED7.0 billion ($1.9 billion) and a landmark electricity supply agreement with a significant share from renewable sources.
EGA's commitment to local industry growth aligns with the UAE's industrial strategy, with a notable sale of 311,000 tonnes of cast metal to local customers in 2025. Moving forward, EGA plans to increase local procurement through the construction of a new anode plant in Abu Dhabi.
EGA's leadership, including CEO Abdulnasser bin Kalban and CFO P¥l Kildemo, highlighted the company's strong financial performance and strategic positioning for future growth, driven by underlying trends in sustainability and electrification.