Aluminium bahrain: Aluminium Bahrain B.S.C. (Alba) has announced a significant increase in its financial results for the first quarter of 2026, with profits attributable to equity holders soaring by 316% to BD75.3 million (US$200.3 million), compared to BD18.1 million (US$48.2 million) in the same period of 2025.
According to Bahrain News Agency, the company's financial performance was driven by robust operational results, with basic and diluted earnings per share rising to 53 fils, up from 13 fils in the previous year. Total comprehensive income attributable to equity holders increased by 353% to BD76.1 million, while total equity attributable to owners reached approximately BD2.098 billion. Additionally, total assets grew by 7% to BD2.8 billion by the end of March 2026.
Alba credited the strong financial outcomes to a 22% rise in average aluminium prices on the London Metal Exchange (LME). Despite facing geopolitical challenges that led to a 17% reduction in sales volume and a 14% drop in net finished production due to the controlled shutdown of Lines 1 to 3, the company upheld the resilience of its portfolio through its "value over volume" strategy. Notably, value-added products made up 71% of total shipments.
In terms of international growth, Alba revealed the signing of a Share Purchase Agreement on May 6, 2026, for the potential acquisition of Aluminium Dunkerque in France. This move aims to bolster Alba's standing as a global low-carbon aluminium leader.
Khalid Al Rumaihi, Chairman of Alba's Board of Directors, highlighted that the results underscore disciplined execution and the inherent strength of the business amid market fluctuations. He emphasized that the proposed acquisition of Aluminium Dunkerque is strategic for expanding Alba's international presence, building on its industrial base in Bahrain.
Ali Al Baqali, Alba's Chief Executive Officer, remarked that the first-quarter results illustrate the resilience and adaptability of the company's operating model in the face of logistical challenges impacting regional shipping corridors. He reiterated the company's commitment to workforce safety, operational efficiency, disciplined cost control, and maintaining a reliable supply for customers worldwide.