Doha: Qatar Aluminium Manufacturing Company (QAMCO, a 50% joint venture partner in Qatar Aluminium Company (Qatalum), yesterday reported a net profit of QR768m for the year ended 31 December 2025, with an EPS of QR 0.138.
Commenting on the financial and operational performance for the year ended 31 December 2025, Abdulrahman Ahmad Al-Shaibi, Chairman of the Board of Directors, QAMCO, said: “QAMCO’s JV delivered a strong and well‑executed performance in 2025, surpassing last year’s results and highlighting the resilience of the business."
"Throughout the year, we continued to focus on operational excellence, cost optimisation, operational flexibility, safety, and sustainability. Our strong commitment to HSE has positioned the JV to consistently meet its health, environmental, and social responsibility targets.”
From a financial standpoint, the JV successfully executed its loan repayment plan during the year, settling part of the outstanding debt and reducing the overall loan balance.
This achievement reflects disciplined financial management, strong cash flow generation, and a prudent approach to capital allocation, further strengthening the JV’s balance sheet and
enhancing its financial strength.
The JV also continued to advance its sustainability initiatives and fulfill broader social and environmental objectives, further strengthening the long‑term resilience of the business.
The progress achieved in 2025 reflects the effectiveness of our strategy and the strength of a well‑positioned business model.
"As we move forward, we will continue to build on this momentum to deliver sustained value and support the continued growth of our stakeholders’ investment.”
In 2025, the global aluminium sector operated in an environment marked by gradual stabilisation and improving market fundamentals.
Early‑year volatility, driven by shifts in global trade flows, energy‑related cost pressures and macroeconomic uncertainty, began to ease as the year progressed. P9
Demand from key end‑use segments, particularly automotive, renewable energy and electrical applications, remained supportive and continued to anchor global consumption trends.
Industry supply conditions also evolved throughout the year. Moderation in production growth across several major producing regions, together with a steady drawdown in inventories, contributed to a tightening of the market.
These factors, combined with consistent demand linked to the broader energy transition, helped maintain aluminium prices at healthy levels despite ongoing geopolitical and cost‑related pressures.
QAMCO’s share of revenue from the joint venture increased for the year ended 31 December 2025, supported by improved selling prices and a modest increase in sales volumes. This stronger revenue performance contributed to a year‑on‑year rise in net profit, further aided by lower finance costs during the year. QAMCO’s share of EBITDA also improved, with margins also improving, reflecting the strength and consistency of the JV’s operational performance supported by conducive market and pricing environment.
QAMCO’s net profit increased to QR 768 in FY2025 compared to last year, an increase of, primarily supported by stronger revenue generation that more than offset higher operating costs. The uplift in profitability was primarily driven by the aforementioned higher selling prices, which together enhanced the company’s share of revenue from the joint venture.
These revenue gains helped mitigate the impact of rising operating costs, mainly attributable to elevated alumina prices and broader input‑cost inflation. Profitability was further supported by a reduction in finance costs, following the JV’s debt‑optimisation initiatives and loan repayments.
During Q4 2025, QAMCO delivered increase in net profit compared to Q3 2025. This improvement was primarily driven by higher selling prices and lower cost of goods sold mainly resulting from lower sales volumes.The favorable impact of these factors more than offset the revenue decline resulting from softer year-end demand.
QAMCO will host an IR earnings call with investors to discuss its results, business outlook and other matters, on Monday 2 February 2025 at 1:30 p.m. Doha time. The IR presentation that accompanies the conference call will be posted on the ‘Financial Information’ page within the Investor Relations section on QAMCO’s website.
Demand from key end‑use segments, particularly automotive, renewable energy and electrical applications, remained supportive and continued to anchor global consumption trends.
Industry supply conditions also evolved throughout the year. Moderation in production growth across several major producing regions, together with a steady drawdown in inventories, contributed to a tightening of the market.
These factors, combined with consistent demand linked to the broader energy transition, helped maintain aluminium prices at healthy levels despite ongoing geopolitical and cost‑related pressures.
QAMCO’s share of revenue from the joint venture increased for the year ended 31 December 2025, supported by improved selling prices and a modest increase in sales volumes. This stronger revenue performance contributed to a year‑on‑year rise in net profit, further aided by lower finance costs during the year.
QAMCO’s share of EBITDA also improved, with margins also improving, reflecting the strength and consistency of the JV’s operational performance supported by conducive market and pricing environment.
QAMCO’s net profit increased to QR 768 in FY2025 compared to last year, an increase of, primarily supported by stronger revenue generation that more than offset higher operating costs. The uplift in profitability was primarily driven by the aforementioned higher selling prices, which together enhanced the company’s share of revenue from the joint venture.
These revenue gains helped mitigate the impact of rising operating costs, mainly attributable to elevated alumina prices and broader input‑cost inflation.
Profitability was further supported by a reduction in finance costs, following the JV’s debt‑optimisation initiatives and loan repayments. During Q4 2025, QAMCO delivered increase in net profit compared to Q3 2025.
QAMCO will host an IR earnings call with investors to discuss its results, business outlook and other matters, on Monday 2 February 2025 at 1:30 p.m. Doha time.
The IR presentation that accompanies the conference call will be posted on the ‘Financial Information’ page within the Investor Relations section on QAMCO’s website.
