Aluminium Bahrain B.S.C. (Alba), reported strong financial results for the first quarter of 2026, with profit attributable to equity holders increasing by 316% to BD75.3 million (US$200.3 million), compared with BD18.1 million (US$48.2 million) for the same period in 2025. The company’s financial results reflected strong operational and financial performance, with basic and diluted earnings per share increasing to 53 fils, compared with 13 fils in the corresponding period last year. Total comprehensive income attributable to equity holders rose by 353% to BD76.1 million, while total equity attributable to owners reached approximately BD2.098 billion. Total assets increased by 7% to BD2.8 billion as of the end of March 2026. Alba attributed the results to a 22% increase in average aluminium prices on the London Metal Exchange (LME). Despite geopolitical challenges that contributed to a 17% decline in sales volume and a 14% decrease in net finished production due to the controlled and safe shutdown of Lines 1 to 3, the company maintained the resilience of its portfolio through its "value over volume" strategy, with value-added products accounting for 71% of total shipments. On international expansion, Alba announced the signing of a Share Purchase Agreement on May 6, 2026, for the potential acquisition of Aluminium Dunkerque in France, as part of efforts to strengthen its position as a global low-carbon aluminium platform. Khalid Al Rumaihi, Chairman of Alba’s Board of Directors, said the results reflect disciplined execution and the inherent strength of the business despite market fluctuations. He noted that the proposed acquisition of Aluminium Dunkerque would further expand Alba’s international footprint, building on its industrial base in Bahrain. Ali Al Baqali, Alba’s Chief Executive Officer, said the first-quarter performance demonstrates the resilience and flexibility of the company’s operating model amid logistical constraints affecting regional shipping corridors. He affirmed that the company remains focused on the safety of its workforce, operational efficiency, disciplined cost control, and maintaining reliable supply for customers worldwide.  (ICE Doha)

Fonte notizia: BNA