Alcoa(AA) - 2025 Q3 - Earnings Call Presentation

Financial Performance - Alcoa reported 3Q25 Earnings Per Share (EPS) of $0.88, but an Adjusted EPS of $(0.02)[18] - The company recorded a $786 million gain on the sale of a 25.1% interest in the Ma'aden joint venture[13] - Alcoa announced the permanent closure of the Kwinana refinery, resulting in $895 million of restructuring and related charges[13] - Adjusted EBITDA excluding special items decreased from $313 million in 2Q25 to $270 million in 3Q25, a decrease of $43 million[18] - The company's YTD return on equity is 14.5%, the highest since 2022[25] Production and Shipments - Alumina production for 3Q25 was 7.2 million metric tons (Mmt), with a full-year outlook of 9.5 – 9.7 Mmt[26] - Alumina shipments for 3Q25 were 9.8 Mmt, with a full-year outlook of 13.1 – 13.3 Mmt[26] - Aluminum production for 3Q25 was 1.7 Mmt, with a full-year outlook of 2.3 – 2.5 Mmt[26] - Aluminum shipments for 3Q25 were 1.9 Mmt, with a full-year outlook of 2.5 – 2.6 Mmt[26] Market Dynamics - LME aluminum prices increased by 7% sequentially in 3Q25[36]