Alcoa Corporation announced on 24 October 2025 that its third‑quarter 2025 results posted revenue of $2,995 million, up 3 % year‑over‑year, and net income attributable to Alcoa of $232 million, a 36 % increase from the $164 million reported in the second quarter and a 158 % jump from the $90 million in the same period last year. The company’s earnings per share rose to $0.88, up from $0.63 in Q2 and $0.39 in Q3 2024.
Adjusted net income for the quarter was a loss of $6 million, compared with a $103 million gain in Q2 and a $135 million loss in Q3 2024. Adjusted EBITDA excluding special items was $270 million, down from $313 million in Q2 but still a significant improvement over the $455 million reported in Q3 2024. Alcoa said it continued to deliver operational stability and portfolio optimization during the quarter.
For 2025, Alcoa expects alumina production to remain between 9.5 and 9.7 million metric tons and shipments between 13.1 and 13.3 million metric tons, while aluminum production is projected at 2.3 to 2.5 million metric tons and shipments at 2.5 to 2.6 million metric tons. Capital expenditures are forecast at $700 million, including $625 million for sustaining operations and $75 million for return‑seeking projects, with depreciation expected to be approximately $620 million. The company also highlighted the impact of U.S. tariffs and the San Ciprián smelter restart on its aluminum segment.
These results and forward guidance provide investors with a clear view of Alcoa’s current financial health and its strategic outlook for the remainder of 2025, marking a significant update to the company’s performance metrics and operational plans.
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