InvestSMART

Alcoa Corporation (ASX:AAI)

ALERT: Price-sensitive ASX Announcement for AAI
Current share price for AAI : $63.180 -36.81 (-36.81%)+
Announcement
Release
17 Apr 2026 8:25AM
Price at Release
$99.990
Full Release
download
Summary
Alcoa Corporation reported its first-quarter 2026 financial results, highlighting increased profitability due to higher aluminum prices. The company generated $3.2 billion in revenue, with net income attributable to Alcoa Corporation rising to $425 million, or $1.60 per share. Adjusted net income was $373 million, or $1.40 per share, while Adjusted EBITDA excluding special items increased to $595 million. The company ended the first quarter with $1.4 billion in cash and continued its capital allocation strategy, including plans to redeem $219 million of 6.125% Senior Notes due 2028. The San Ciprián smelter restart in Spain was safely completed in April 2026. Alcoa's production metrics showed a 5% sequential decrease in alumina production, attributed to seasonal maintenance at Australian refineries, and stable aluminum production, aided by the San Ciprián restart. The company navigated impacts from the Middle East conflict and Cyclone Narelle effectively.
Key Points
  • Alcoa Corporation's revenue was $3.2 billion in Q1 2026.
  • Net income attributable to Alcoa increased to $425 million.
  • Earnings per share were reported at $1.60.
  • Adjusted net income was $373 million or $1.40 per share.
  • Adjusted EBITDA excluding special items increased to $595 million.
  • The cash balance at the end of Q1 2026 was $1.4 billion.
  • Alcoa announced redemption of $219 million of Senior Notes.
  • The San Ciprián smelter restart was completed in April 2026.
  • Alumina production decreased 5% due to maintenance cycles.
  • Aluminum production remained flat at 607,000 metric tons.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.