EGA today employs 833 women in the UAE, including 462 UAE Nationals. More than 408 women at EGA hold operational roles, with Emiratis representing over 44 per cent of women in operations.

The company continues to expand opportunities for women across all areas of the business, including operations, technical roles, leadership positions, and corporate functions, supporting the UAE's vision to increase female participation in the industrial sector.

EGA also continues to advance gender diversity beyond its own operations through the Challenger Programme, a collaborative initiative launched by EGA in 2023 that brings together leading industrial companies to address common barriers faced by women in industry and accelerate meaningful change across the sector.

Through the Challenger Programme, participating companies are working together on practical initiatives that support inclusive recruitment, career development, retention, and workplace culture. Recent efforts have included the development of shared resources and tools to help companies implement best practices for fostering more inclusive industrial workplaces.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: "Emirati Women’s Day is an opportunity to recognise the remarkable contribution of Emirati women to EGA, our industry, and the nation. We are proud of the progress we have made in gender diversity at EGA, particularly in operational and technical roles. Our ambition is not only to increase participation but also to ensure women have the support, development opportunities, and environment they deserve to succeed and thrive. Through our own initiatives and collaborations such as the Challenger Programme, we remain committed to helping build a more diverse and inclusive industrial sector for future generations."

In 2022, EGA opened to women for the first time its long-standing National Training programmes for front-line roles in industrial operations. In the first full year following the change, women accounted for some 20 per cent of new joiners. By 2025, over 40 per cent of new National Trainees were women.

EGA is a signatory to the United Nations Women’s Empowerment Principles and remains committed to advancing gender diversity across its business. Through attracting, developing, and supporting female talent, EGA continues to champion women’s participation and leadership in industry, contributing to the UAE’s vision for a more inclusive and competitive economy.

EGA’s Al Taweelah sustained significant damage on 28 March when an Iranian attack on Khalifa Economic Zone Abu Dhabi led to an emergency shutdown of all EGA’s facilities on the site.

To restore hot metal production, EGA must progressively repair and restart each reduction cell. Some 315 out of the 1,262 reduction cells have now been restarted.

EGA is working on all three potlines at Al Taweelah in parallel to accelerate the rate of reduction cell start-ups. Potline 1 was energised on 26 May, potline 3 on 13 July and potline 2 on 3 August.

After restart, a reduction cell typically takes a week to stabilise and reach full production. Some hot metal is used to restart subsequent reduction cells, with the balance delivered to EGA’s Al Taweelah Casthouse to be cast into finished ‘premium aluminium’ products.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “The restoration of production at Al Taweelah is the biggest challenge we have ever faced at EGA. This work is led by a dedicated team of experts, and we are applying decades of experience as well as innovative new methods to make safe progress as fast as possible. Our continued strong progress gives us confidence that we will reach full production in Q1 2027.”

Around 1,000 people are currently working on the restoration of hot metal production at Al Taweelah smelter.

Al Taweelah alumina refinery continues to produce at around 50 per cent capacity. The pace of further ramp-up of alumina production will be determined by supply chain considerations and the optimisation of EGA's alumina sourcing strategy. The continued recovery of aluminium production at Al Taweelah smelter is not dependent on the refinery returning to full capacity.

Production ramp-up at EGA’s new Al Taweelah recycling plant continues on track, with full production expected by late Q4 2026.

_{*Financial and operating data presented in this table relate to Emirates Global Aluminium’s integrated aluminium business, including alumina refining, primary aluminium smelting and recycling operations, across the UAE and international locations.
**Adjusted EBITDA and Adjusted Net Profit exclude the impact related to the Iranian attack on KEZAD which led to an emergency shutdown
***Cast metal production is all finished products from EGA’s primary and recycling plants worldwide.
****Low carbon primary is metal sold under the product brands CelestiAL solar aluminium, CelestiAL-R solar aluminium sweetened with secondary content, MinimAL aluminium made with nuclear power, and MinimAL-R aluminium made with nuclear power sweetened with secondary content.
*****Recycling is aluminium sold under the RevivAL product brand, and is remelted post-consumer and pre-consumer aluminium scrap usually blended with a proportion of primary aluminium to achieve the metallurgical properties required by customers.}

United Arab Emirates, 12 August 2026: Emirates Global Aluminium, the world’s largest ‘premium aluminium’ producer, today announced resilient financial performance in the first half of 2026, despite logistical and geopolitical disruptions arising from the regional conflict in the Gulf since March.

EGA delivered Adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of AED 4,506 million ($1,227 million), up 11 per cent compared with AED 4,065 million ($1,107 million) in H1 2025 driven by higher realised aluminium prices, stronger regional premiums, lower alumina prices and disciplined cost management.

Adjusted EBITDA margin was 33 per cent in H1 2026, compared with 27 per cent in H1 2025.  

After recognising an AED 84 million ($23 million) impact related to an Iranian attack on KEZAD which led to an emergency shutdown, reported EBITDA was AED 4,422 million ($1,204 million).

Adjusted net profit increased by 34 per cent to AED 2,462 million ($670 million), compared with AED 1,836 million ($500 million) in H1 2025, reflecting strong EBITDA generation, coupled with lower net financial charges and lower taxes.

Reported net income was AED 1,737 million ($473 million) in H1 2026, after recognising a net impact of AED 725 million ($197 million) related to the incident.

EGA continues to demonstrate its commitment to shareholder returns, with the Board approving an H1 2026 interim dividend of AED 1,726 million ($470 million), representing a 70 per cent payout ratio to adjusted net income.

Revenue decreased to AED 13,544 million ($3,688 million) in H1 2026 from AED 15,079 million ($4,106 million) in H1 2025, due to lower sales volumes following the incident at Al Taweelah, partially offset by higher realised aluminium prices.

Cast metal production decreased to 1,006 thousand tonnes in H1 2026 from 1,420 thousand tonnes in H1 2025, primarily due to reduced production at Al Taweelah. Jebel Ali maintained uninterrupted production throughout the period.

Total aluminium sales were down 32 per cent to 939 thousand tonnes in H1 2026, compared with 1,373 thousand tonnes in H1 2025. Logistics constraints arising from the regional conflict led to the temporary suspension of new outbound shipments from the UAE in March and an increase in domestic metal inventories. EGA has since established alternative export routes through ports outside the Strait of Hormuz. This has enabled a gradual increase in shipment capacity and a reduction in UAE stockpiles.

Recovery to pre-incident shipment levels is currently expected to be contingent on the reopening of the Strait of Hormuz, although the ongoing development of alternative corridors is expected to reduce reliance on the strait over the longer term.

EGA secured its inbound logistics, ensuring raw material deliveries exceed the requirements of Jebel Ali and the restart at Al Taweelah. This enabled the rebuilding of strategic inventories and reinforced operational continuity.

EGA continues to execute a comprehensive and disciplined restoration programme at Al Taweelah, which was significantly damaged on 28 March when Iranian attacks on Khalifa Economic Zone Abu Dhabi led to an emergency shutdown of all facilities.

Basic utilities have been restored across the site, with natural gas and electricity availability projected to ramp up in line with the needs of the restart programme.

To resume hot metal production at Al Taweelah smelter, EGA must progressively restore each of the 1,262 reduction cells. The first restored reduction cell was restarted on 26 May at Potline 1. EGA has energised all three potlines now, marking an important milestone in the restoration effort and ramp-up of operations at Al Taweelah. As of Monday, 227 reduction cells, 18 per cent of the total, had been successfully restarted.

Hot metal production is expected to gradually ramp up as reduction cells are progressively restored and is expected to reach pre-incident levels in Q1 2027. EGA is working to accelerate this timeline.

Ramp-up of production at the new Al Taweelah recycling plant initially began in February. After the incident, ramp-up resumed in May. The recycling plant is currently running at approximately 10 per cent capacity. Ramp-up to full production is expected by late Q4 2026.

Al Taweelah alumina refinery produced 602 thousand tonnes of alumina in H1 2026, compared with 1,142 thousand tonnes in H1 2025, due to the shutdown of production on 28 March. Production restarted in early July and reached 50 per cent of pre-incident production levels within days. The pace of further ramp-up will be determined by supply chain considerations and the optimisation of EGA's alumina sourcing strategy. The continued recovery of aluminium production at Al Taweelah smelter is not dependent on the refinery returning to full capacity.

The capital expenditure required to restore production at Al Taweelah is expected to be approximately AED 1.5 billion ($400 million), with most of the expenditure expected during 2026 and some during 2027.

From 2026, EGA embarked on the second phase of its improvement programme, Najah 2.0. As part of the programme, EGA delivered AED 353 million ($96 million) in improvements in H1 2026 compared with the 2024 baseline, driven by alumina refinery improvements, efficiency gains and procurement savings. EGA is targeting AED 1.6 billion ($440 million) in annual improvements by 2030.

In response to regional uncertainty, EGA has implemented additional cash preservation measures to reduce discretionary costs and support cash‑flow generation in 2026.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “The first half of 2026 was the most challenging period in the long history of EGA. The safety and wellbeing of our people was our first priority throughout, and I thank our teams for their dedication in the most difficult of circumstances. Our financial and operational results demonstrate the resilience of EGA and our people. Despite significant logistics challenges, our supply chain is robust, and we continue to make deliveries to customers. We are making strong progress in the restoration of production at Al Taweelah. We are also advancing our global growth strategy. EGA will come back stronger than ever before.”

EGA sustained its focus on workforce safety, recording a Total Recordable Injury Frequency Rate of 1.26 per million hours worked in H1 2026. EGA also continued to advance its environmental agenda, growing its low-carbon CelestiAL and MinimAL product lines and progressing its long-term decarbonisation strategy, while maintaining Aluminium Stewardship Initiative certification across its UAE operations.

EGA continued to progress primary aluminium growth through the Oklahoma Primary Aluminum project. In Q1 2026, Century Aluminum signed a joint development agreement with EGA to join the project as a minority partner, with EGA owning 60 per cent of the joint venture and Century owning the remaining 40 per cent.

During the period, the project advanced key commercial, permitting and technical workstreams towards the start of construction and first aluminium production is expected by the end of the decade. The 750 thousand tonnes per year plant is expected to be the first new smelter built in the United States since 1980, doubling American primary aluminium production. The plant will use EGA’s latest EX technology, the most advanced ever installed in the United States.

The United States’ Section 232 aluminium tariffs remained a key feature of the global aluminium market. In July 2026, the US Government announced additional measures under the Section 232 framework aimed at encouraging domestic primary aluminium production, while maintaining the broader tariff regime. The programme will request onshoring plans from companies that, if approved, will be eligible to import primary aluminium at half the prevailing Section 232 duties of a quantity that corresponds to the American production facility’s anticipated annual output.  

On recycling growth, EGA is advancing its planned acquisition of an 80 per cent stake in Italian aluminium recycling company Eco Green, as part of the company's strategy to expand its global aluminium recycling footprint and accelerate growth in Europe. The transaction has received regulatory approvals and is expected to close later this quarter.

Upon completion, the transaction increases EGA’s recycling capacity to more than 400 thousand tonnes per year in the UAE, Europe and the United States, with an additional 200 thousand tonnes of capacity under development in Europe and the US. EGA markets its recycled aluminium globally under the brand RevivAL. In H1 2026, EGA sold 47 thousand tonnes of RevivAL recycled aluminium compared with 46 thousand tonnes in H1 2025.

EGA sold 44 thousand tonnes of CelestiAL solar aluminium and nine thousand tonnes of MinimAL produced with nuclear power in H1 2026, in line with 53 thousand tonnes of low carbon primary aluminium sales in H1 2025.

Pål Kildemo, Chief Financial Officer of Emirates Global Aluminium, said: “EGA’s financial strength and disciplined Najah improvement and cash preservation programme position us well to complete the restoration of Al Taweelah while continuing to advance our strategic growth priorities, which include a good mix of organic and inorganic opportunities. Our financial position is also supported by underlying aluminium market fundamentals, which have entered a period of deficit supporting our margins.” 

In Q1 2026, EGA completed multi-tranche debt financing of AED 18.4 billion ($5 billion). The financing combined conventional and Shariah-compliant facilities arranged with a group of 21 leading regional and international banks, including term loans and revolving credit facilities with tenors of up to five years. The transaction strengthens EGA’s balance sheet and debt maturity profile, enhancing liquidity and providing additional financial flexibility for strategic growth. The company has undrawn available revolving credit facility of AED 3.67 billion ($1 billion) and cash and term deposits of AED 6.07 billion ($1.65 billion) as of 30 June 2026.

EGA continues to make progress towards closing the sale of its Al Taweelah power assets, a strategic transaction designed to unlock value, strengthen the company's capital position and support its long-term decarbonisation strategy. Financing commitments remain in place, and discussions are ongoing to address the remaining closing requirements ahead of financial close. EGA expects to receive $1.7 billion of proceeds post-closing of this transaction.

EGA also continued to strengthen the long-term resilience of its supply chain through further localisation.

In May, EGA signed a long-term agreement with TA'ZIZ for the domestic supply of approximately 200,000 dry metric tonnes per year from Q4 2028 of caustic soda, a critical raw material for alumina refining. TA'ZIZ is the first major domestic supplier of this input to EGA's Al Taweelah alumina refinery.

In June, EGA and AD Ports Group signed an agreement to jointly invest AED 84 million in a multi-phase upgrade of EGA's dedicated berth at Khalifa Port, expected by August 2028. EGA also signed an agreement with ADNOC Distribution for the supply of locally blended industrial lubricants, reinforcing EGA's commitment to in-country value.

The average London Metal Exchange aluminium price was $3,382 per tonne in H1 2026, up from $2,538 per tonne in H1 2025.

Regional premiums were highly volatile in H1 2026.

In Japan, the MJP index averaged around $282 per tonne in H1 2026 compared with around $169 per tonne in H1 2025.

In Europe, the MB premium averaged around $413 per tonne in H1 2026 compared with around $214 per tonne in H1 2025.  

In the United States, the MW premium averaged around $2,405 per tonne in H1 2026 compared with around $857 per tonne in H1 2025.

Cash flow from operations was AED 1,484 million ($404 million), compared with AED 3,441 million ($937 million) in H1 2025. Operating cash flow was impacted by a strategic build-up of inventory to support continued operations at both the Al Taweelah and Jebel Ali plants during the restoration and ramp-up period.

Total debt was AED 18.1 billion ($4.9 billion) in H1 2026 compared with AED 16.9 billion ($4.6 billion) in H1 2025.

Conducted in collaboration with R&D Carbon, a leading Swiss consultancy specialising in carbon technology and process improvement for the aluminium industry, the programme provides participants the opportunity to design and implement innovative solutions to advance EGA’s Carbon & Port operations.

Applying their technical knowledge to tackle real-world industrial challenges, each participant was also asked to develop an individual thesis and present their findings as part of the graduation ceremony.

In attendance was Werner Fischer, Founder of R&D Carbon, who congratulated the graduates on both the quality of their work and the delivery of their projects. Joining the graduates at the ceremony from EGA were Iman Al Qasim, Executive Vice President of Human Capital, and Amer Al Marzooqi, Senior Vice President of Carbon & Port Operations.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “Developing the next generation of UAE National technical talent is essential to EGA’s future success and the continued growth of our nation’s industrial economy. This programme enables our engineers to deepen their expertise while developing practical solutions to real operational challenges. I congratulate our graduates and look forward to the enhanced impact they will make in operations at EGA.”

Amer Al Marzooqi, Senior Vice President of Carbon & Port Operations at Emirates Global Aluminium, said: “The programme was designed to serve as a bridge for transferring nearly 50 years of technical expertise to a new generation of UAE National engineers. The success of the first class demonstrated the true value of this investment through its tangible impact on strengthening technical knowledge, embedding best practices, and enhancing operational performance. Building on that success, the second cohort reflects EGA’s long-term commitment to developing the technical capabilities of our people and investing in national talent, ensuring our workforce is equipped to drive innovation and operational excellence across our Carbon & Port operations.”

Aspiring to be the industrial employer of choice in the countries it operates in, EGA offers technical development programmes for employees, including in collaboration with leading international partners from academia and industry peers.

In 2025, EGA launched the EGA Academy, a capability building and career development platform that delivers high-impact learning and development opportunities for EGA employees at all levels. EGA Academy offers employees access to programmes designed to develop the technical, professional, and leadership skills required to thrive in today’s fast-evolving industrial environment.

During the event, EGA showcased a range of career opportunities for UAE Nationals, with a particular focus on attracting high school graduates for the company’s National Training programmes. University graduates who visited EGA’s stand were considered for opportunities within the Graduate Training programme.

Following the event, all applications will be reviewed and assessed through EGA’s recruitment process, with shortlisted candidates progressing through screening, assessment and interview stages.

EGA’s National Training programmes develop high school graduates for technical roles in the company’s industrial operations and administration. More than 5,000 UAE Nationals have graduated from these programmes since they were first established in 1982, with many then having long and successful careers with EGA and some reaching senior leadership positions.

EGA’s Graduate Training programme is for university graduates. Graduate trainees complete 18 or 24 months of training for supervisory positions in corporate functions or in industrial operations in front-line roles, such as tending reduction cells.

In 2025, over 220 UAE Nationals joined EGA, including 112 women. Over 80 per cent of 2025 UAE National recruits joined roles in EGA’s operations.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “We are proud to see so many young National Service graduates choosing to apply to EGA to build their futures. Working at EGA gives young people the opportunity to contribute to the achievement of the UAE's industrial ambitions and further strengthen of our nation. For EGA, our success has always depended on attracting the best people and developing them over the long-term to lead. I look forward to welcoming these new recruits to EGA.”

EGA already has one of the highest Emiratisation rates of any major company on a like-for-like basis accounting for the high proportion of blue-collar roles in heavy industry.

More than 1,200 UAE Nationals now work at EGA. Over 700 of EGA’s Emirati employees are under the age of 35.

EGA has participated in 51 career events so far in 2026, including both major fairs and EGA-led recruitment open days conducted internally and also in collaboration with Dubai Government Human Resources Department, Ministry of Industry and Advanced Technology, Department of Government Enablement, the HR Department of the Ras Al Khaimah Government, and the HR Department of the Fujairah Government.

Alumina production is expected to ramp-up to 50 per cent of plant capacity within days.

EGA expects to have the technical capability to ramp-up to full alumina production by the end of this year. The timing of further production ramp-up at Al Taweelah alumina refinery will be based on supply chain dynamics and the optimisation of EGA’s alumina sourcing strategy. The ramp-up of aluminium production at Al Taweelah smelter does not depend on full ramp-up at Al Taweelah alumina refinery.

Al Taweelah alumina refinery produced 2.4 million tonnes of alumina in 2025, and met 46 per cent of EGA’s alumina needs. Alumina is the feedstock for aluminium smelters.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “First alumina production from Al Taweelah alumina refinery is another big milestone in our journey to restore EGA’s Al Taweelah site to its position as one of the most important aluminium production complexes in the world. The dedication and agility of the team at Al Taweelah alumina refinery has enabled us to reach this milestone safely and quickly.”

Production at Al Taweelah alumina refinery was suspended on 28 March after Iranian attacks on Khalifa Economic Zone Abu Dhabi. Al Taweelah alumina refinery began producing hydrate, the precursor product of alumina, on 24 June.

Al Taweelah alumina refinery is located next to Al Taweelah smelter. Alumina is transferred to storage and then into the smelter by a system of conveyor belts. Al Taweelah alumina refinery originally began production in 2019.

The new companies join existing members ADNOC, Ducab, EMSTEEL, ENEC, Strata, TAQA, and TechnipFMC.

Founded by EGA in 2023, the Challenger Programme focuses on shared challenges ranging from encouraging more women to work in science, technology engineering and mathematics fields, to promoting inclusivity in industrial workplaces, to mentorship for young women in industry.

EGA has championed gender diversity in industry snice the start of this decade, setting itself ambitious goals to increase women’s role in the company’s workforce. Today EGA employs over 830 women with more than 60 per cent working in operational roles.. A quarter of all supervisory roles at EGA are held by women, a goal EGA set itself in 2021 to achieve by the end of 2025.

Abdulnasser Bin Kalban, Chief Executive Officer at Emirates Global Aluminium, said: “Diverse organisations perform better, making increasing the role of women at traditionally male-dominated industrial companies a business improvement opportunity as well as the right thing to do for society. We can make even faster progress if major industrial companies work together on this, so I am glad to welcome more of the UAE’s industrial champions to the Challenger Programme.”

Amel Chadli, Cluster President, Gulf Countries of Schneider Electric : “Building a more inclusive industrial sector requires collaboration and shared commitment. Through the Challenger Programme, we are proud to work alongside leading organisations across the UAE to develop inclusive leaders, share best practices, through coaching & Mentorship and create more opportunities for leaders to thrive. Together, we are helping shape a stronger, more diverse industrial workforce for the future."

Abdallah Massaad, Group CEO, RAK Ceramics, said: “Creating an inclusive workplace is not only the right thing to do ,  it is essential for building stronger businesses and stronger communities. RAK Ceramics is proud to join the EGA Challenger Programme and work alongside like-minded organizations to advance gender diversity across the industrial sector. Through collaboration, shared learning, and collective action, we can create more opportunities for women and shape a future where our industry reflects the diversity of the society it serves.”

Thierry Dezenclos, CEO Veolia UAE, said: “Veolia is proud to support the EGA Challenger Program and its focus on inclusion and diversity for women in heavy industry. At Veolia, we believe that the future of industry must be built with diverse talents, perspectives, and leadership, and that women have a vital role to play in shaping a more innovative, resilient, and sustainable industrial sector."

Romain Crouzit, Managing Director of Delta Plus Middle East, said: “It is a true pleasure to be part of the Challenger Programme, alongside some of the UAE’s most reputable and visionary organizations. I am grateful for the opportunity to learn, collaborate and contribute with such an inspiring network, and I look forward to the progresses we can achieve together as we continue to support leadership, women empowerment and positive impact to the society.”

Paul Button, CEO of Knauf GCC, said: “Real progress is achieved when diverse perspectives come together with a shared purpose. KNAUF is proud to join the Challenger Programme and reaffirm our commitment to creating a workplace where everyone has the opportunity to grow, lead, and make a meaningful impact.”

Since the Challenger Programme’s launch, EGA has worked closely with NAMA Women Advancement to develop initiatives tackling industry challenges and encouraging more women to join the STEM fields.

One such initiative is a gender assessment toolkit, which enables industrial companies to evaluate policy, workplace culture, talent development, and inclusion practices, helping identify opportunities to advance gender diversity.

The Cross Mentorship initiative supports women in heavy industries by providing access to mentorship opportunities. Pairing candidates with professionals and leaders from amongst the Challenger Programme members, participants develop the critical industry skills required to succeed in their fields.

Last year also saw the launch of the DEI Cultural Toolkit, a sector-aligned framework that provides organisations with practical strategies, resources, and tools to support making industrial workplace more inclusive.

Alongside these initiatives, the Challenger Programme members commissioned a research study in close collaboration with American University of Sharjah to better understand the challenges faced by women in heavy industry.

Released in February 2026, the study explores the barriers impacting women in the sector, best practices for creating more inclusive workplaces, as well as guidance on future policies and initiatives.

The award recognises EGA’s innovative implementation of Industry 4.0 technologies and future-focused digital and AI-powered use cases. EGA's ongoing digital transformation leverages advanced digital capabilities to transform operations, processes and systems.

Hosted annually by the Manufacturing Leadership Council, part of the US-based National Association of Manufacturers, the Manufacturing Leadership Awards is an awards platform that recognises organisations driving the future global manufacturing through operational excellence and innovation.

EGA’s digital transformation programme was launched in 2021 and has delivered significant improvements. Industry 4.0 at EGA has delivered some $100 million in financial impact through the implementation of more than 80 Industry 4.0 use cases, ranging from using artificial intelligence vision to quality check carbon anode production in real-time, to predictive tools for market movements in key commodities.

Abdulnasser Bin Kalban, Chief Executive Officer at Emirates Global Aluminium, said: “This award recognises the progress we have made in embedding digital technologies and Artificial Intelligence across our operations to deliver measurable improvements in safety, performance, and efficiency. By combining world-class industrial expertise with advanced digital capabilities, we are strengthening EGA's position as the technology provider of choice for the global aluminium industry while supporting the UAE's ambitions to lead in Industry 4.0 and artificial intelligence."

EGA’s ongoing digital transformation is a key part of EGA’s drive to innovate the future of aluminium production and be the technology provider of choice for the global aluminium industry.

In 2024, EGA introduced the region’s first 100 per cent renewable energy powered industrial data centres at its Jebel Ali and Al Taweelah sites and launched of one of the first digital manufacturing platforms in the region with Microsoft to unlock additional value through large-scale Industry 4.0 applications.

Last year, EGA was named an Industry 4.0 global lighthouse by the World Economic Forum, the first industrial company in the UAE and the first aluminium company in the world to achieve this designation.

EGA’s Al Taweelah site sustained significant damage on 28 March as Iranian attacks on Khalifa Economic Zone Abu Dhabi led to an emergency shutdown.

The safety and wellbeing of employees and contractors is always EGA’s highest priority. Two employees sustained injuries requiring hospitalisation and have since been discharged to continue their recoveries.

EGA established a dedicated, experienced team to deliver a safe and efficient restoration and restart of the Al Taweelah facilities.

Repairs to damaged infrastructure have progressed rapidly. Basic utilities have been restored across the site, with natural gas and electricity availability projected to ramp-up in line with the needs of the restart programme.

To resume hot metal production at Al Taweelah smelter, EGA must progressively restore each of the 1,262 reduction cells. Anode removal has been completed at all the reduction cells, bath cleaning completed at around 90 per cent, and frozen metal removed from over 20 per cent of the reduction cells.

The first restored reduction cell was restarted on 26 May. So far, 89 reduction cells have been restarted.

Hot metal production will gradually ramp-up as reduction cells are progressively restored and could take up to a year to reach pre-incident levels. EGA is working to accelerate this timeline.

Al Taweelah Casthouse produced its first cast metal on 4 May. The Casthouse is remelting frozen metal removed from the reduction cells during restoration to produce finished aluminium products, in addition to casting hot metal from restored reduction cells.

Al Taweelah recycling plant had recently begun final commissioning and cast metal production at the time of the incident. Final commissioning work resumed during April, and recycled cast metal production resumed in early May. Ramp-up to full production is expected to take up to six months, in line with the original ramp-up timeline, depending on scrap availability.

At Al Taweelah alumina refinery, first alumina production is expected early in the third quarter, with a potentially rapid ramp-up to full production subject to the optimisation of bauxite supply chains. The ramp-up of hot metal production is not expected to depend on full ramp-up at Al Taweelah alumina refinery.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “We are rapidly and safely actioning a clear, disciplined plan to restore production at Al Taweelah, which is one of the most important aluminium production complexes in the world. All opportunities to accelerate the timeline further are being explored, and we will achieve our goal of emerging stronger than ever before. Our people have risen to this challenge, and I commend their continued heroism and dedication to EGA’s bright future.”

EGA’s Jebel Ali site continues aluminium production at full capacity. Average daily inbound deliveries of all major raw materials currently exceed EGA’s requirements to maintain metal production at Jebel Ali and meet the demands of restoration at Al Taweelah, with raw materials stocks on the ground in the UAE increasing.

EGA had significant volumes of metal on the water and in warehouses in certain overseas locations at the start of the conflict, enabling the continued supply of metal to some customers.

Constraints on outbound logistics from March resulted in the temporary suspension of new shipment departures and EGA built up significant inventory of finished metal on the ground in the UAE. EGA has made progress in establishing alternative outbound logistics routes using ports outside the Strait of Hormuz. EGA is currently selling more metal than the company is producing at Jebel Ali, with UAE stockpiles gradually reducing. A return to pre-crisis shipment levels is expected, based on current conditions, to require the re-opening of the Strait.

EGA’s recycling plants in the United States and Germany have continued production throughout 2026.

The inauguration was attended by Her Excellency Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, Her Excellency Dr. Shaikha Salem Al Dhaheri, Secretary General of the Environment Agency - Abu Dhabi (EAD), EGA’s Chairman Homaid Al Shimmari, EGA’s Vice Chairman His Excellency Saeed Al Tayer, and members of EGA’s Board and senior management team.

Her Excellency Dr Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, said: “Recycling is the cornerstone of the UAE’s Circular Economy Policy which aims to transform the nation into a global hub for green development by shifting from linear to circular production and consumption, enhancing resource efficiency, and minimising waste. Aluminium represents one of our greatest opportunities to drive this transition from linear to circular model of production. It is infinitely recyclable, protecting our ecosystems while fuelling a sustainable, low-carbon economy. Recycling aluminium waste requires up to 95 per cent less energy[1] compared to producing new primary aluminium from raw ore, saving significant energy and reducing greenhouse gas emissions.

“Emirates Global Aluminium has been a pioneer of our nation’s industry for decades, and today, they are leading the charge as our national champion in aluminium recycling. I congratulate EGA on the strategic growth of its recycling business both here in the UAE and globally, proving that industrial leadership and climate action go hand in hand.”

Al Taweelah recycling plant has a production capacity of 185,000 tonnes per year. The plant processes post-consumer aluminium scrap, and some pre-consumer aluminium scrap, into low-carbon, high-quality ‘premium aluminium’ billets and T-bars, marketed by EGA under the product name RevivAL.

EGA also blends recycled metal with primary aluminium produced using solar power, marketed as CelestiAL-R, and with nuclear power, sold as MinimAL-R.

Most aluminium scrap generated in the UAE has historically been exported for processing outside the country and is lost to the national economy. Al Taweelah recycling plant offers the processing capacity locally making  EGA the largest consumer of aluminium scrap in the UAE.

Constructing Al Taweelah recycling plant took 4 million hours of work, which was completed with zero injuries requiring time off work. The project required more than 26,300 cubic metres of concrete, more than the volume of 10 Olympic-size swimming pools, as well as over 4,600 metric tonnes of structural steel, almost two-thirds of the iron weight of the Eiffel Tower.

Al Taweelah recycling plant began producing recycled aluminium in February. Final commissioning work was paused following an Iranian attack on Khalifa Economic Zone Abu Dhabi on 28 March and resumed during April. Recycled cast metal production resumed in early May. Ramp-up to full production is expected to take up to six months, in line with the original ramp-up timeline, depending on scrap availability.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “The inauguration of Al Taweelah recycling plant is a major milestone in EGA’s development of a global aluminium recycling business. This new plant turns aluminium waste generated in the UAE and elsewhere into new aluminium that makes modern life possible around the world. With this project, we have added a new industrial activity to EGA’s operations in the UAE, in line with Make it in the Emirates and the UAE’s Operation 300bn industrial growth strategy.”

With Al Taweelah recycling plant and a planned aluminium recycling plant acquisition in Italy, EGA’s aluminium recycling capacity has reached more than 400,000 tonnes per year across the UAE, Europe and the United States, with an additional 200,000 tonnes of capacity under development in Europe and the United States.

EGA acquired recycling plants in Germany and the United States in 2024, and is growing both operations.

EGA is expanding EGA Leichtmetall in Germany more than six-fold, with a second plant in a new location near Hannover adding 150,000 tonnes of capacity and expected to be complete during 2028.

In Minnesota in the United States, EGA Spectro Alloys completed a 65,000 tonnes per year expansion in 2025 and is currently developing a second phase of the expansion to add a further 35,000 tonnes per year of capacity during 2027.

In April, EGA announced its intention to acquire an 80 per cent stake in Italian aluminium recycling company Eco Green. The acquisition remains subject to regulatory approvals.

EGA achieved the target it set itself back in 2021 to reach 25 per cent gender diversity at supervisory levels by the end of 2025. Women then held just 18 per cent of supervisory roles at EGA.

In 2025, more than 200 women joined the company, including 113 UAE Nationals. EGA now employs over 830 women. More than 60 per cent working in operational roles focused on engineering.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “Advancing women’s role in industry is essential to building a future-ready workforce that drives excellence. The progress we have achieved reflects our belief that diverse organisations perform better. That’s why we are focused on creating an inclusive environment, and why we will continue to create opportunities for women to contribute, grow, and lead EGA’s and the UAE’s long-term success.”

Last year, EGA recruited 199 young UAE nationals, including 95 women, into the company’s National Training and Graduate Training programmes. EGA’s National Training programmes prepare high school graduates for technical and administrative positions in the company’s industrial facilities and administration.

EGA aims to increase women’s representation to 15 per cent of all roles by the end of 2026, with women currently accounting for 12 per cent of the total workforce including frontline operators.

In early 2025, EGA launched Ershaad, a mentorship programme for female UAE students to encourage careers in industry, particularly in STEM fields. Through mentoring by EGA experts, the programme provides industry exposure, career guidance, and access to professional networks to help young women shape their future careers.

In 2023, EGA launched the Challenger Programme, bringing together leading industrial companies to collaborate on advancing gender diversity across the sector by addressing shared, practical challenges.

EGA has worked with the American University of Sharjah to research barriers to women’s participation in the heavy industrial workforce and find solutions to achieve systemic inclusion.

EGA established its Women’s Network in 2020, providing women at all levels of the company a platform for connection, leadership development, and mutual professional support.

The awards were presented to EGA by His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group.

Najeeba Al Jabri, EGA’s Chief ESG & Sustainability Officer, was recognised in the Leadership Category of the Emirates Women Award.

EGA was also recognised for continuous improvement in health and safety, and for innovation projects across the company’s operations.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “I was proud to accept the innovation award from His Highness, and I congratulate all my colleagues who were recognised at the Dubai Quality Group Awards. What matters most is what they represent - the dedication of our people to continuously improve, innovate, and find better ways of working every day.”

EGA has developed its own aluminium smelting technology in the UAE for more than 30 years, and is a technology provider of choice in the global aluminium industry. EGA has used its own technology in every smelter expansion since the 1990s, and was the first UAE industrial company to license its core process technology internationally. EGA’s latest technology EX, the 10^th generation, is amongst the most efficient in the world and is currently being piloted at Al Taweelah.

EGA has focused on continuous improvement as a foundation of its global competitiveness since the company’s foundation. EGA engages all its employees in continuous improvement through its Suggestion Scheme, which is one of the longest-running programmes of its type in the world. EGA also brings together mid-level employees to work on larger improvement projects through its Tamayaz scheme, which has been running since 2016. 

The EGA Aluminium Design and Innovation Challenge forms part of EGA’s long-running Engineer the Future programme, which aims to inspire the next generation of scientists, engineers, and innovators in the UAE. Since the beginning of the current academic year, more than 7,000 students from schools across the UAE have participated in Engineer the Future activities.

The challenge invites students in grades nine to 12 to apply their STEM knowledge to develop innovative aluminium-based solutions for real-world applications. Throughout the four month programme, participating teams received mentorship from EGA engineers and access to specialised resources and technical guidance to support the development of their projects.

This year, some 1,200 students in 352 teams from 105 schools across the UAE took part in the EGA Aluminium Design and Innovation Challenge. Following the evaluation stage, 32 shortlisted teams were selected to present innovative aluminium-focused concepts across four categories: architecture, product design, sustainable mobility, and space solutions.

This year’s first-place winning teams in each category are: Al Shwamekh School in the category of architecture, Fatima Al Zahraa Secondary School for Girls in the category of product design, Al Rushed American Private School in the category of space solutions, and Zayed Educational Complex- Al Saf in the category of future mobility.

Her Excellency Amna Al Saleh, Assistant Undersecretary of Curriculum and Assessment at the Ministry of Education, affirmed that the Aluminium Design Challenge represents a successful model of collaboration between the education sector and the national industrial sector, providing students with valuable opportunities to apply their knowledge to real-world challenges and develop innovative solutions that address future needs.

She added that the Ministry places great importance on initiatives that promote applied learning and equip students with essential future-ready skills, including critical thinking, problem-solving, teamwork, and innovation, which are essential foundations for preparing a generation capable of keeping pace with the rapidly evolving job market.

Her Excellency noted that the strong participation in this year’s challenge reflects the creative potential and capabilities of the UAE’s youth. She emphasised that collaboration with leading national institutions such as Emirates Global Aluminium helps strengthen the connection between education and industry, while enabling students to explore future academic and career pathways in science, technology, engineering, and mathematics.

Abdulnasser Bin Kalban, Chief Executive Officer at Emirates Global Aluminium, said: “STEM fields are essential to shaping the future of industry and innovation in the UAE. Through initiatives such as Engineer the Future, we aim to inspire young people to explore STEM fields and develop the skills needed to contribute to the nation’s industrial growth and future competitiveness. We were impressed by the creativity, technical thinking, and ambition demonstrated by the participating students, whose ideas reflected the potential of the next generation of innovators and engineers in the UAE.”

Since the Engineer the Future programme was launched in 2022, more than 29,046 students have benefited from its activities, with over 952 teams participating in the challenge from schools across the UAE.

EGA is a major employer of science, technology, engineering, and mathematics professionals, with more than 1,500 employees working in these fields across the company, including over 500 UAE Nationals.

EGA is a major employer of science, technology, engineering, and mathematics professionals, with over 1,500 people working in these fields at the company, including more than 500 UAE nationals.

The new STEM labs offer students with hands-on experience using methods and equipment commonly applied across engineering, fabrication, and product development, supporting the development of essential technical skills and encouraging interest in future STEM careers.

In addition to developing and equipping the new facilities, EGA is overseeing the instruction of teachers and trainers in the effective use of the new equipment.

EGA has partnered with Al Samha School, Al Rahba School, Al Falahiya School, Dubai National School (DNS), Zayed University (ZU), and the Higher College of Technology (HCT) to build the STEM labs.

Over 2,600 students per year are expected to directly benefit from the initiative.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “EGA is a company built on science, technology, engineering and mathematics. These skills are essential for the future of our company and our nation. By empowering the next generation with the experience and technical capabilities needed for the industries of the future, we are helping bridge the gap between education and industry, while enabling students to develop practical technical skills and inspiring greater interest in STEM careers across the UAE.”

EGA is currently evaluating further opportunities to expand the programme through the introduction of additional STEM labs at schools and universities across the UAE.

The new initiative complements EGA’s existing student outreach programmes, including Engineer the Future, which STEM students with hands-on workshops exploring topics, such as Industry 4.0, sustainability, material science, and the circular economy.

EGA also organises the annual EGA Aluminium Design and Innovation Challenge, which engages students from grades nine to 12 to creatively use science, technology, engineering, and mathematics skills to address real-life challenges with aluminium. Part of a partnership with the UAE Ministry of Education, over 300 teams from schools across the UAE participated in the challenge in 2025.

Engineer the Future has reached over 36,000 students from over 128 schools in the UAE since the programme was launched in 2017.

EGA and ADNOC L&S aim to strengthen and expand their commercial relationship on logistics, including transportation, fleet management and infrastructure. The agreement envisages the potential formation of a joint venture focused on logistics assets, transportation services and integrated supply chain solutions.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “With the scale of our worldwide shipping, EGA is not just a metal producer but also a global logistics company. Supply chain resilience is essential for our growth as a UAE industrial champion. We look forward to deepening our collaboration with ADNOC L&S to further strengthen our inbound and outbound logistics, and UAE industry.”

Captain Abdulkareem Al Masabi, Chief Executive Officer of ADNOC Logistics & Services, said: “At ADNOC Logistics & Services, we are proud to support Emirates Global Aluminium with our world class maritime logistics. This contributes to supply chain resilience and supports the UAE’s industrial development, while creating growth opportunities for ADNOC L&S beyond energy logistics.

EGA ships around 14 million tonnes of raw materials and finished metal products around the world every year. EGA supplies aluminium to customers in more than 50 countries.

ADNOC L&S is a global maritime logistics leader with a total fleet of more than 340 owned vessels and more than 600 additional vessels chartered every year.

The agreement envisages that ADNOC Distribution will supply high-performance, locally blended lubricants to EGA’s operations, reinforcing the role of UAE-made solutions in enabling reliable and efficient industrial performance.

Emirates Global Aluminium (EGA)’s collaboration with ADNOC Distribution’s collaboration will support the UAE’s industrial development under Operation 300bn, enabling the supply of high-performance lubricants for efficient, large-scale industrial operations.

EGA already spends around AED 8 billion annually on goods and services from UAE suppliers, with more than 40 percent of its total procurement directed locally, reflecting its strong commitment to in-country value. Through this partnership, EGA will benefit from ADNOC Distribution supplying locally blended lubricants tailored to its large-scale operations, supporting greater efficiency, reliability, and long-term performance.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “With the UAE’s industrial development through Operation 300bn and Make it in the Emirates, even more of EGA’s advanced industrial supply requirements can be met locally, in a virtuous circle of industrial growth. This agreement with ADNOC Distribution strengthens EGA’s supply chain resilience, while further increasing our economic impact in the UAE.”

Eng. Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said: “This agreement reflects our commitment to championing local manufacturing by delivering high-performance, UAE-made solutions to national industries. By working with leading UAE industrial champions such as EGA, we are creating strategic demand for locally produced products, strengthening supply chain resilience, and advancing in-country value, supporting the UAE’s long-term vision for a diversified and globally competitive industrial economy.”

EGA operates advanced industrial facilities that require reliable, high-performance lubrication solutions. Through this agreement, ADNOC Distribution will supply locally blended lubricants tailored to the requirements of EGA’s large-scale operations, supporting efficiency, reliability and long-term asset performance.

ADNOC Distribution will leverage its advanced blending capabilities and local research and development expertise to deliver lubrication solutions designed for demanding industrial environments. The agreement also reinforces the role of the Company’s lubricants business in supporting UAE industry, with high-performance, UAE-manufactured lubricants exported to more than 50 markets worldwide, reflecting global confidence in ADNOC’s quality, innovation, and technical expertise.

The collaboration also supports the UAE’s broader economic diversification agenda by enabling local production, reducing reliance on imports, and strengthening industrial supply chains through partnerships that prioritize long-term value creation.

The terms of the agreement, which is subject to some conditions, include, on one hand, the payment by the Republic of Guinea of a lump sum to GAC, in particular in exchange for the transfer of GAC’s assets to Nimba Mining Company (NMC) for the purpose of exploiting the Sangarédi bauxite project, and, on the other hand, the renewal of the bauxite supply agreements between CBG and the EGA Group under mutually beneficial commercial terms.

In line with the guiding principles set by the Simandou Strategic Committee, this agreement reflects the decidedly constructive effort to normalise and strengthen trade relations between the parties.

United Arab Emirates, 6 May, 2026: TA’ZIZ and Emirates Global Aluminium (EGA) today announced a strategic agreement for the long-term supply of about 200,000 dry metric tons per year of caustic soda, a critical raw material used in alumina refining.

Signed during the Make it in the Emirates Forum, the agreement positions TA’ZIZ as the first major supplier of domestically produced caustic soda to EGA’s Al Taweelah alumina refinery in the Khalifa Economic Zone Abu Dhabi (KEZAD). The deal will come into effect in Q4 2028, with an option to expand supply if EGA’s requirement increases.

The deal reinforces the resilience of the UAE’s industrial sector by reducing import dependency, strengthening supply chain security and business continuity, boosting local industrial self-sufficiency, and accelerating the United Arab Emirates’ economic diversification.

Mashal Al Kindi, CEO of TA’ZIZ, said: “The agreement to supply locally produced caustic soda to the world’s largest premium aluminum producer underpins the role of TA’ZIZ as a national engine of sustainable industrial growth. By 2028, TA’ZIZ will have the infrastructure in place to deliver 4.7 million tonnes per annum (mtpa) of chemicals, creating long-term value for our partners, industries and the wider economy. We will continue to strengthen supply chain resilience and support the UAE’s journey toward industrial self-sufficiency.”

Abdulnasser Bin Kalban, CEO of EGA, said: “EGA has long championed industrialization and economic diversification in the UAE and the aluminum sector, with EGA at its heart, which accounts for 1.3% of the UAE economy and supports over 56,000 UAE jobs. Each year, we spend more than AED8 billion on goods and services from UAE suppliers. Securing a key raw material, like caustic soda, locally strengthens our supply chain and increases our economic impact. We are pleased to partner with TA’ZIZ on this important initiative and look forward to continued collaboration.”

Caustic soda will be produced at the TA’ZIZ chlor-alkali plant, part of a 1.9 mtpa vinyl complex that includes production of ethylene dichloride (EDC), vinyl chloride monomer (VCM) and polyvinyl chloride (PVC). The chlor-alkali unit will produce over 700,000 dry metric tons per year, placing TA’ZIZ among the top three chlor-alkali plants globally by capacity. The broader TA’ZIZ Industrial Chemicals Zone also includes a 1 mtpa ammonia plant and a 1.8 mtpa methanol plant, reinforcing Ruwais’ position as a global hub for industrial chemical production.

TA’ZIZ will produce the caustic soda alongside ethylene dichloride (EDC), vinyl chloride monomer and polyvinyl chloride in its polyvinyl value chain. Caustic soda plays a key role in the chlor-alkali process, where it is produced alongside chlorine and hydrogen. The chlorine generated is then used to produce VCM, which is made into a polymer to form polyvinyl chloride, a plastic used extensively in construction, healthcare and industrial applications.

The acquisition, which remains subject to regulatory approvals, marks the latest milestone in EGA’s global expansion and accelerates the company’s growth in aluminium recycling across Europe.

Eco Green specialises in aluminium scrap collection, sorting and casting, and dross processing, distributing a total of more than 70 thousand tonnes per year.

The company’s plant in Villafranca di Verona in northeast Italy collects, sorts and distributes approximately 23 thousand tonnes of aluminium scrap annually. A portion of the sorted scrap feeds Eco Green’s nearby facility in Nogara di Verona, which casts more than 20 thousand tonnes of secondary sows per year and also processes dross.

Eco Green is advancing an expansion plan in the in Nogara di Verona facility that will add 15 thousand tonnes per year of recycled aluminium capacity. The project is expected to be completed early in the second half of 2026.

Eco Green serves more than 60 customers across Europe, primarily in the aluminium processing and semi-fabrication industries, with end-users in automotive, construction, and other industrial sectors. The company has also established a strong scrap sourcing network, of more than 350 suppliers, ensuring consistent access to high-quality scrap.

Founded by the Scappini family in 1993, Eco Green remains family led. The company employs 70 people, and its current management team is expected to continue following completion of the transaction.

EGA operates the UAE’s largest aluminium recycling plant in Al Taweelah in Abu Dhabi. EGA has already acquired aluminium recycling facilities in Germany and the United States with expansion projects underway at both sites.

Following completion, the acquisition of Eco Green will bring EGA’s recycling capacity to more than 400 thousand tonnes per year across the UAE, Europe and the United States, with an additional 200 thousand tonnes of capacity under development in Europe and the US. EGA markets its recycled aluminium globally under the brand RevivAL.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “At EGA, we are making rapid progress in building a global aluminium recycling business alongside expanding our primary aluminium production. Post closing, Eco Green will bring EGA reach and expertise in the European aluminium scrap market, making this a significant step forward in supplying the recycling operations we are building across the continent to contribute to Europe’s green future. Eco Green will also add recycled aluminium production in northeast Italy, which we can further develop as part of EGA.”

Luca Scappini, Chief Executive Officer of Eco Green, said: “Becoming part of the world’s largest producer of ‘premium aluminium’ will unlock Eco Green’s growth potential, enabling us to further enhance our plants and expand our scrap supply and customer networks across Europe. EGA is already a major primary aluminium supplier to Europe, and we look forward to contributing to a significant and fast-growing EGA recycling business across the continent.”

Analysts expect global demand for recycled aluminium to double by 2040, accounting for around 60 per cent of growth in global aluminium supply between now and 2030, and around 70 per cent between 2030 and 2040.

Europe, excluding Russia, is the world’s third-largest recycled aluminium market after the United States and China. Recycled aluminium currently meets around 40 per cent of Europe’s total aluminium demand, with industries consuming approximately 4.9 million tonnes in 2025. According to CRU, demand is expected to grow to around 7.2 million tonnes by 2033.

EGA acquired the German specialty foundry Leichtmetall in May 2024. Based in Hannover, EGA Leichtmetall produces high-strength recycled aluminium. In December, EGA announced a major expansion project that will increase EGA Leichtmetall’s recycling capacity more than six-fold, adding 110 thousand tonnes per year of scrap sorting capacity and 153 thousand tonnes per year of melting and casting capacity. The project represents an investment of approximately $170 million, with first hot metal expected in 2028.

EGA typically exports over 600 thousand tonnes of primary aluminium annually from the UAE to Europe each year, supplying key industries including automotive and construction.

In September 2024, EGA acquired Spectro Alloys, a recycling company in Minnesota in the United States. EGA Spectro Alloys completed an expansion in July 2025, bringing its total production capacity to 165 thousand tonnes per year of recycled aluminium ingots and billets. A second expansion phase, adding a further 35 thousand tonnes of billet capacity, is under development, with first hot metal expected in 2027.

In the UAE, EGA began cast metal production in late February at its new 185 thousand tonnes per year aluminium recycling plant at Al Taweelah. The plant is currently shut down as a result of Iranian missile and drone attacks at Khalifa Economic Zone Abu Dhabi.

Recycling aluminium requires about 95 per cent less energy than producing primary aluminium and generates only a fraction of the associated greenhouse gas emissions.

Eco Green and the Scappini Family were advised by Lucio Leoni and Legance with Riccardo Paganin, Carlotta Giani and Emilio De Niro.

The Al Taweelah site sustained significant damage in result to the Iranian missile and drone attacks at Khalifa Economic Zone Abu Dhabi. The site, including the smelter and Casthouse, power plant, Al Taweelah alumina refinery, and Al Taweelah recycling plant, was fully evacuated and the facilities entered emergency shutdown.

To resume operations at the smelter, EGA must repair infrastructure damage and progressively restore each of the reduction cells. Early indications are that a complete restoration of primary aluminium production could take up to 12 months.

Al Taweelah alumina refinery and Al Taweelah recycling plant may be able to restart some production earlier, depending on the final assessment of site damage.

Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: “We are deeply disturbed by this attack on our people, who come from more than 40 nations and were simply doing their jobs. We thank God no one received life-threatening injuries and that those hurt are recovering well.

 “Our Al Taweelah site is a foundation of the global economy, and a significant contributor to global supply, making this incident damaging to industries and prosperity worldwide. We will do our very best to support our customers around the world during this difficult period. We are working directly with customers whose deliveries might be impacted by the situation at Al Taweelah.”

Al Taweelah smelter produced 1.6 million tonnes of cast metal in 2025. EGA has substantial metal stock on the water, and on the ground in the UAE and some overseas locations.

Al Taweelah alumina refinery produced 2.4 million tonnes of alumina in 2025, and met 46 per cent of EGA’s total alumina needs.

Al Taweelah recycling plant has an annual production capacity of 185 thousand tonnes per year.

A number of EGA employees were injured. None of the injuries are life threatening.

Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: “The safety and security of our people is our top priority at EGA at all times. We are deeply saddened and are assessing the damage to our facilities.”

EGA’s Al Taweelah smelter produced 1.6 million tonnes of cast metal in 2025. EGA had substantial metal stock on the water when the conflict began, and stock on the ground in some overseas locations.

The transaction supports EGA’s strategic initiatives by enhancing liquidity and providing additional financial flexibility to execute long-term plans, while further strengthening the company’s balance sheet and debt maturity profile.

The financing combined conventional and Shariah-compliant facilities arranged with a group of 21 leading regional and international banks, including term loans and revolving credit facilities with tenors of up to five years.

The transaction attracted strong interest from financial institutions across the Middle East, Europe, Asia, and North America, with demand significantly in excess of the facility amount.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “At EGA, we remain focused on long-term value creation for our shareholders including through capital structure optimisation. This successful financing reflects the strong confidence of the international banking community in EGA’s credit profile, operational excellence, and long-term growth strategy.”

EGA will use the proceeds to refinance existing indebtedness and support strategic initiatives.

· Underlying EBITDA up 7 per cent to AED 9.28 billion ($2.53 billion).

· Record metal sales of 2.83 million tonnes, with 81 per cent as value-added ‘premium aluminium’, including record low-carbon primary and recycled aluminium sales up 70 per cent to 196 thousand tonnes.

· Strategic growth advanced with plans for a new US smelter and a significant expansion of global aluminium recycling capacity.

· Signed a landmark initiative with TAQA, DUBAL Holding and EWEC to decarbonise aluminium production and accelerate the development of renewable and clean energy.

· Strong underlying cash generation enabled a dividend payout of AED 3.7 billion ($1 billion) to shareholders, representing a payout ratio of 75 per cent.

*EGA underlying results are excluding GAC results for both FY 2025 and FY 2024. GAC results which include impairment, provisions and other costs, resulted in a charge of AED 2.81 billion ($765 million) in FY 2025, compared with a charge of AED 1.64 billion ($447 million) in FY 2024, net of tax credits.

**Cast metal production is all finished products from EGA’s primary and recycling plants worldwide.

*** Low carbon primary is metal sold under the product brands CelestiAL solar aluminium, CelestiAL-R solar aluminium sweetened with secondary content, MinimAL aluminium made with nuclear power, and MinimAL-R aluminium made with nuclear power sweetened with secondary content.

****Recycling is aluminium sold under the RevivAL product brand, and is remelted post-consumer and pre-consumer aluminium scrap usually blended with a proportion of primary aluminium to achieve the metallurgical properties required by customers.

United Arab Emirates, 25 February 2026: Emirates Global Aluminium, the world’s largest ‘premium aluminium’ producer, today announced strong underlying financial performance and record sales in 2025.

EGA delivered underlying Earnings Before Interest, Tax, Depreciation and Amortisation (underlying EBITDA) of AED 9.28 billion ($2.53 billion), compared to AED 8.69 billion ($2.37 billion) in 2024, driven by higher average realised aluminium prices, ongoing improvement work, and higher sales.

EGA’s underlying EBITDA margin was 29 per cent in 2025 compared to 31 per cent in 2024, slightly lower due to higher alumina and bauxite prices but continuing to lead listed industry peers.

EGA delivers competitive margin performance through product mix, production creep, and operational discipline.

EGA focuses on optimising cost and performance across the value chain, and delivered more than AED 235 million (more than $65 million) in incremental improvements in 2025 compared with 2024, driven by higher production, efficiency gains, and procurement savings.

From 2026, EGA will embark on a second phase of its improvement programme, Najah 2.0, targeting another AED 1.62 billion ($440 million) in annual improvements by 2030, compared to the baseline year of 2024, including through technical upgrades in operations, optimising raw material supply and improving pricing through sales and marketing excellence.

EGA’s underlying net profit, excluding GAC, was up by 16 per cent to AED 4.93 billion ($1.34 billion), compared with AED 4.26 billion ($1.16 billion) in 2024. Including GAC, EGA recorded a net profit of AED 2.12 billion ($578 million) compared to AED 2.62 billion ($715 million) in 2024.

EGA’s cast metal production rose to the highest-ever at 2.84 million tonnes. EGA sold a record 2.83 million tonnes of cast metal to over 400 customers in more than 50 countries, up from 2.77 million tonnes in 2024. The share of value-added products - ‘premium aluminium’- was 81 per cent in 2025 (82 per cent in 2024).

Al Taweelah alumina refinery produced 2.40 million tonnes of alumina in 2025, slightly down from 2.54 million tonnes in 2024, meeting 46 per cent of EGA’s alumina needs. During 2025, EGA implemented numerous modifications to enhance the refinery’s efficiency in processing a wider range of bauxite types and a debottlenecking expansion that unlocked additional alumina production capacity.

EGA demonstrated the resilience of its supply chain strategy after the Basic Agreement with the Government of Guinea was terminated and GAC’s mining license was revoked. EGA promptly secured alternative bauxite supply options, including from Australia, Ghana and Brazil. This diversified sourcing approach, combined with contract flexibility and continued participation in the spot market, enabled the company to capitalise on market opportunities. EGA signed term contracts covering more than 70 per cent of volume needs, with purchases managed through framework agreements to ensure the security of supply and flexibility.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “We delivered a strong financial performance in 2025, driven by record sales, favourable aluminium prices, and disciplined cost control—demonstrating the strength and resilience of our business. At the same time, we made significant strategic progress to secure our future growth. We advanced plans for a new smelter in the United States and successfully piloted our next-generation smelting technology, which will underpin our long-term competitiveness. We also expanded our recycling footprint, with new capacity in the United States and growth projects in the UAE and Europe. These milestones position us to lead the industry’s next phase of growth and create sustainable long-term value.”

EGA achieved record sales of low-carbon aluminium product brands, up 70 per cent to 196 thousand tonnes. EGA sold 109 thousand tonnes of CelestiAL solar aluminium (including 36 thousand tonnes of CelestiAL-R with recycled content), up from 84 thousand tonnes in 2024. During 2025, EGA sold its first ever MinimAL low carbon aluminium made with nuclear power. RevivAL recycled aluminium sales increased to 86 thousand tonnes, from 31 thousand tonnes in 2024.

The average realised London Metal Exchange aluminium price was $2,610 per tonne in 2025, up from $2,392 per tonne in 2024 supported by steady demand, aluminium supply disruptions and a weaker US dollar.

Regional premiums were highly volatile in 2025.

In Japan, the MJP index peaked above $220 per tonne early in the year, dropped to around $65 by August, and then rebounded to end the year near $170 per tonne. The MJP index averaged around $125 per tonne in 2025 compared with around $145 per tonne in 2024.

Europe’s MB duty-paid premium declined to below $190 per tonne mid-year before recovering to over $330 per tonne. The MB premium averaged around $250 per tonne in 2025 compared with around $315 per tonne in 2024.

In the United States, higher aluminium import tariffs pushed the MW duty-paid premium from around $500 per tonne to more than $2,000 per tonne by year-end. The MW premium averaged around $1,300 per tonne in 2025 compared with around $425 per tonne in 2024.

Pål Kildemo, Chief Financial Officer of Emirates Global Aluminium, said: “Across multiple end‑markets, we are seeing strong secular tailwinds that continue to accelerate the need for aluminium—driven by sustainability, electrification, and long‑term infrastructure renewal. There is significant addressable market for aerospace and defence driving growth. Every electric vehicle requires significantly more aluminium. The price of aluminium is less than one third the price of copper, leading to accelerating potential substitution across power cables and wiring applications. These underlying structural trends position aluminium - and EGA’s business - extremely well for the long term.”

Underlying cash flow from operations was AED 8.27 billion ($2.25 billion), compared with AED 8.30 billion ($2.26 billion) in 2024. The cash conversion ratio was 80 per cent in 2025 compared to 64 per cent in 2024. Net debt to underlying EBITDA remained stable at 1.35x in 2025 compared to 1.34x in 2024, reflecting continued strong balance sheet. EGA paid shareholders a total of AED 3.7 billion ($1 billion) in 2025, representing a payout ratio of around 75 per cent.

Total debt declined to AED 14.08 billion ($3.83 billion) from AED 15.96 billion ($4.35 billion) in 2024. During the period, EGA made scheduled debt repayments of AED 2.5 billion ($687 million) and fully repaid the GAC loan of AED 1.94 billion ($530 million).

GAC’s results, which include impairment, provisions, and other costs, resulted in a charge of AED 2.81 billion ($765 million) in 2025, compared with a charge of AED 1.64 billion ($447 million) in 2024, net of tax credits.

Including GAC results, EGA delivered Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of AED 8.51 billion ($2.32 billion) in 2025

On strategic growth, EGA announced plans to build the first new primary aluminium production plant in the United States since 1980. The plant is expected to have a production capacity of 750 thousand tonnes of primary aluminium per year. After the period, Century Aluminium signed a joint development agreement with EGA to join the project in Oklahoma. EGA will own 60 per cent of the joint venture, with Century owning the remaining 40 per cent.

EGA also began production at its next-generation EX smelting technology pilot project in Al Taweelah. EX delivers higher output with lower energy use and emissions. The technology is being prepared for industrial-scale deployment in Oklahoma.

EGA is advancing the development of a global aluminium recycling platform. In the UAE, EGA is nearing completion of the country’s largest aluminium recycling plant in Al Taweelah. The plant will have a production capacity of 185 thousand tonnes of low-carbon, high-quality billets and T Bars per year. After the period, EGA announced the first charging with scrap of the melting furnace at Al Taweelah recycling plant, in a major construction milestone. First production from the plant is expected by the end of Q1 2026.

In Germany, EGA announced plans to expand the production capacity of the EGA Leichtmetall recycling plant more than six-fold by building a second facility near the existing Hannover location. The project will add 110 thousand tonnes per year of scrap sorting capacity and 150 thousand tonnes per year of melting and casting capacity, with first hot metal expected in 2028.

In the US, the first phase of the EGA Spectro Alloys expansion was completed in 2025. A second phase of the expansion was started and is expected to be completed during 2027, taking EGA Spectro Alloys’ capacity to 200 thousand tonnes per year.

In 2025, EGA signed a landmark initiative with TAQA, DUBAL Holding and EWEC to decarbonise aluminium production and accelerate the development of renewable and clean energy in Abu Dhabi.

This initiative will enable EGA to scale up production of CelestiAL solar aluminium and MinimAL low-carbon aluminium produced using nuclear power to as much as almost half of total UAE primary aluminium output by the end of 2028, subject to market demand for low carbon aluminium.

As a part of the initiative, TAQA and DUBAL Holding are acquiring EGA’s Al Taweelah power and water assets for AED 7.0 billion ($1.9 billion). EGA signed Abu Dhabi’s largest-ever electricity supply agreements with EWEC and TAQA Distribution, which will make EGA the largest single electricity customer on the Abu Dhabi grid. These agreements provide EGA with 23 terawatt hours (TWh) of electricity per year for 24 years, with an increasing share from renewable and clean energy sources as EWEC’s transformative solar electricity generation projects come online.

The total greenhouse gas emissions reduced by the initiative is expected to be 3.5 million tonnes annually by 2035, more than three per cent of Abu Dhabi’s total current emissions.

In line with Make it in the Emirates and the UAE’s Operation 300bn industrial strategy, EGA continues to support the growth of the UAE’s industrial sector. In 2025 EGA sold 311 thousand tonnes of cast metal to local customers (2024: 310 thousand tonnes). To further increase local procurement, EGA and Sunstone will begin construction of a 300 thousand tonnes per year anode plant in Abu Dhabi, with first anode production expected as early as 2028.

INOLA, OKLAHOMA, February. 24, 2026 (GLOBE NEWSWIRE) – Local firm U.S. Aluminum Company has signed an agreement with EGA and Century Aluminum, the companies behind the planned primary aluminum production plant in Inola, Oklahoma, to explore the development of an aluminum fabrication plant near the new smelter. Click here to download photos of leaders from the three companies commemorating the agreement.

The project, named Oklahoma Primary Aluminum, is expected to double U.S. primary aluminum production and make Oklahoma a national center of aluminum-related manufacturing. U.S. Aluminum Company is the first downstream firm to sign an agreement with the project developers.

U.S. Aluminum Company’s goal is to build a plant near the smelter to turn liquid aluminum into products for the electrical, defense, aerospace, automotive and machinery industries. U.S. Aluminum Company was founded by the Plotkin Family of Oklahoma City, owners of leading aluminum fabrication company M-D Building Products, which has been a national leader in the hardware industry stretching back more than a century.

Ryan Plotkin, President and CEO of U.S. Aluminum Company, said: “The development of America’s largest and most advanced primary aluminum production plant right here in Oklahoma is a transformative industrial opportunity for our state and country. U.S. Aluminum Company intends to leverage the availability of Oklahoma-made metal to be the cornerstone aluminum processing facility in Inola, creating additional jobs and making strategic products for the many downstream industries we expect will grow around the new smelter as well as customers throughout America”

Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: “This project will help make Oklahoma – especially Inola – one of the top places in America to manufacture aluminum products, while creating thousands of new jobs for Oklahomans. We’re proud to sign our first downstream exploratory agreement before the smelter is even built, and even prouder that our first partner is an Oklahoma-based company. This is a strong signal that Oklahoma is ready to lead the future of aluminum manufacturing.”

Jesse Gary, Chief Executive Officer of Century Aluminum said: “By establishing an aluminum hub in Oklahoma, we are strengthening and shortening the supply chain for a critical metal that supports American industries. Today’s announcement highlights the multiplier effect of revitalizing domestic production—attracting new infrastructure investment and creating jobs in adjacent industries.”

Construction of Oklahoma Primary Aluminum is expected to begin by the end of 2026, with first primary aluminum production by the end of the decade. EGA and Century are developing the project in partnership, with EGA holding 60 percent and Century 40 percent. The plant will use EGA’s latest state-of-the-art EX technology, the most advanced ever installed in the United States.