Alcoa Corporation Delivers Strong Operational Performance Amid Changing Market Conditions
Alcoa Corporation has reported strong operational performance in its second quarter 2025 earnings, despite navigating through challenging market conditions. The company maintained a fast pace of execution on its priorities and continued to emphasize safety, with no fatal or serious injuries reported during the quarter.
In his opening remarks, Alcoa President and Chief Executive Officer William Oplinger highlighted the company's strong safety performance, citing the sustained emphasis on leader time and field as a key factor in achieving this result. "Safety performance remained strong in the second quarter with no fatal or serious injuries reported," he said.
The company also made significant progress on its strategic priorities during the quarter. In late April, Alcoa successfully concluded a 5-year tax dispute in Australia, affirming its long-standing position that no additional tax was owed. This outcome reflects the substantial effort and dedication of Alcoa's internal and external legal and tax teams.
Furthermore, the company steered through frequent tariff updates during the quarter, redirecting portions of its Canadian production to serve non-U.S. customers to mitigate Section 232 tariff impacts. Alcoa also sustained active advocacy and engagement with policymakers on both sides of the U.S.-Canada border.
In addition to these operational achievements, Alcoa reported a number of significant business developments during the quarter. The company extended its supply agreement with Prismian, a global leader in energy and telecom cable systems, and completed its first North American sale of Equalum, a value-added low-carbon product further reinforcing its position as a supplier of choice for sustainable aluminum solutions.
Alcoa's financial results for the quarter were also reported. Revenue was down 10% sequentially to $3 billion, with third-party revenue in the Alumina segment decreasing 28% due to lower average realized third-party price. However, third-party revenue in the aluminum segment increased 3% due to increased shipments and favorable currency impacts.
The company's net income attributable to Alcoa was $164 million versus the prior quarter of $548 million, with earnings per common share decreasing to $0.62 per share. On an adjusted basis, net income attributable to Alcoa was $103 million or $0.39 per share. Adjusted EBITDA was $313 million.
