Century Aluminum Co Reports Q1 2025 Financial Results

Century Aluminum Co ( (CENX) ) has released its Q1 earnings. Here is a breakdown of the information Century Aluminum Co presented to its investors.

Century Aluminum Co, headquartered in Chicago, operates primary aluminum smelting facilities in the U.S. and Iceland, and is a majority owner of the Jamalco alumina refinery in Jamaica.

Century Aluminum Co reported its first quarter 2025 financial results, highlighting a slight increase in aluminum shipments and net sales compared to the previous quarter, despite a decrease in net income.

The company shipped 168,672 tonnes of aluminum, a 1% increase from the previous quarter, and achieved net sales of $633.9 million, up by $3.0 million. However, net income attributable to stockholders fell to $29.7 million from $45.2 million, primarily due to higher input costs and losses on derivative instruments. Adjusted EBITDA was $78.0 million, down from $80.9 million, influenced by higher energy and raw material costs.

Strategically, Century Aluminum approved a new labor contract for its Grundartangi smelter and extended a power purchase agreement in Iceland. The company also benefited from increased aluminum tariffs, which positively impacted results by $16.2 million.

Looking ahead, Century Aluminum anticipates an improved second quarter with expected Adjusted EBITDA between $80 to $90 million, driven by increased regional premiums and lower energy costs, despite planned maintenance and seasonal labor expenses.