Century Aluminum(US:CENX) Zhi Tong Cai Jing·2025-11-07 00:27Core Insights - Century Aluminum Company reported Q3 2025 revenue of $632.2 million, a 17.3% year-over-year increase, exceeding expectations by $2.35 million [1] - Adjusted earnings per share for the quarter were $0.56, which was $0.28 below expectations [1] Financial Performance - Q3 aluminum shipments totaled 162,442 tons, down from 175,741 tons in Q2 [1] - Net profit attributable to shareholders for Q3 was $14.9 million, an increase of $19.5 million quarter-over-quarter [1] - Adjusted net profit attributable to shareholders was $57.9 million, up $27.5 million from the previous quarter [1] - Adjusted EBITDA for the quarter was $101.1 million [1] Revenue Drivers - Revenue growth was primarily driven by increased premiums in the Midwest region, although this was partially offset by unfavorable sales volume and sales mix, as well as third-party alumina sales [1] - The increase in net profit was mainly due to the realization of Midwest premium business, countered by increased losses from derivatives, unfavorable sales volume and mix, adverse electricity prices, and other costs related to the restart of the Holly Hill project [1] Liquidity Position - As of September 30, 2025, the company's liquidity stood at $488.2 million, which includes $151.4 million in cash and cash equivalents and $336.8 million in available borrowings [1] Future Outlook - The company expects adjusted EBITDA for Q4 to be between $170 million and $180 million, primarily benefiting from increases in LME and Midwest premiums [2]