Century Aluminum Co ( (CENX) ) has released its Q2 earnings. Here is a breakdown of the information Century Aluminum Co presented to its investors.
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Century Aluminum Company, 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. In its second quarter of 2025, Century Aluminum reported a net loss of $4.6 million, a significant drop from the previous quarter’s profit of $29.7 million. Despite a 4% increase in aluminum shipments, net sales slightly decreased to $628.1 million, primarily due to reduced third-party alumina sales. The company faced higher losses on derivative instruments and several exceptional items, including inventory adjustments and operational inefficiencies in Iceland. Adjusted net income stood at $30.4 million, while adjusted EBITDA was $74.3 million, both showing a decline from the previous quarter. The company has refinanced its senior secured notes, reducing interest expenses and extending maturity to 2032. Looking ahead, Century Aluminum anticipates a stronger third quarter with adjusted EBITDA expected to rise, driven by higher regional premium prices.