Emirates Global Aluminium profits increase 34% first half
Emirates Global Aluminium, the world's largest producer of high-quality aluminum, achieved strong financial performance in the first half of 2026 despite logistical and geopolitical challenges since March. Its core earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 11% to 4.50 billion AED, with a profit margin of 33% compared to 27% in the same period last year. Net profit reached 2.46 billion AED, up 34%, driven by rising aluminum prices and lower costs. However, revenues declined by 10% to 13.54 billion AED, mainly due to the impact of the plant's suspension incident, which also caused a 29% decrease in production to 1,006 thousand tons, and a 32% drop in aluminum sales to 939 thousand tons. In response, the company directed shipments through ports outside the Strait of Hormuz to increase export capacity and reduce inventory. The Board of Directors approved an interim dividend of 1.72 billion AED, representing 70% of adjusted profits, as part of its strategy to enhance shareholder value.
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