有色金属海外季报：俄铝2025H1公司原铝产量同比减少1.7%至192.4万吨，报告期内调整后净利润为-1.94亿美元

Investment Rating - The industry rating is "Recommended" [9] Core Insights - In the first half of 2025, the company reported a primary aluminum production of 1.924 million tonnes, a year-on-year decrease of 1.7% [1][10] - The company achieved a revenue of $7.520 billion, reflecting a year-on-year growth of 32.0% [3][11] - The average selling price of aluminum increased by 7.5% to $2,538 per tonne [1][10] - The adjusted net profit for the period was -$194 million, compared to a profit of $446 million in the same period last year [6][11] Production and Operational Data - Bauxite production reached 9.668 million wet tonnes, up 21.8% year-on-year [1][10] - Alumina production was 3.400 million tonnes, marking a 13.5% increase year-on-year [1][10] - The sales volume of primary aluminum and alloys was 2.286 million tonnes, a year-on-year increase of 21.7% [1][10] Financial Performance - The cost of sales increased by 39.3% to $6.110 billion [4][11] - Gross profit for the period was $1.410 billion, a 7.6% increase year-on-year [5][11] - The company's total assets rose to $24.053 billion from $22.201 billion year-on-year [12]