Strong results amid market headwinds, Alcoa's Q2 2025 earnings reflect resilience worth noting. On July 17, Alcoa Corporation, an American-based leading aluminium manufacturer, posted its financial performance for the second quarter of 2025. This report represents the firm's strong operational performance with a subsequent increase in its cash deposits, irrespective of the lowered alumina and aluminium prices, with increased tariff costs.
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Q2 in a nutshell
In Q2 2025, Alcoa demonstrated strong operational performance, underpinned by robust aluminium production. The company also reported increased sales following the completion of its acquisition of a full 25.1 per cent ownership interest in the joint venture with Saudi Arabian Mining Company, Ma'aden, effective from July 1, 2025.
Additionally, Alcoa received a favourable ruling in its ongoing Australian tax dispute, which further supported its operational results. The company strategically redirected Canadian-produced aluminium to markets outside the United States to offset additional tariff costs, while continuing its advocacy efforts with policymakers.
Alcoa generated USD 488 million in cash from operations during the quarter, reflecting a sequential improvement of USD 413 million. The quarter concluded with a total cash balance of USD 1.5 billion.
Also read: Alcoa's $1B tax win over Australia: A big save for the global business in a volatile time
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