Emirates Global Aluminum Profits Rise
Emirates Global Aluminium achieved a profit of 2.462 billion Dirhams in the first half of 2026, marking a 34% increase compared to the same period last year. This was despite a decline in revenue to 13.54 billion Dirhams, due to an incident targeting the Longa smelter which resulted in partial production stoppages. The company continues to recover its operations, having reactivated 227 electrolysis cells out of 1,262 and gradually resumed molten metal production. It is expected that production levels will return to pre-incident levels by the first quarter of 2027, with an estimated cost of up to 1.5 billion Dirhams. Despite operational challenges and logistical impacts, the results demonstrate the company's resilience in maintaining stable supply and market engagement. The company remains focused on restoring its capabilities and implementing measures to strengthen its financial resources and generate added value for shareholders.
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