KUALA LUMPUR: Press Metal
Aluminium Holdings Bhd is set to book core profit of more than RM2bil for the first time in in the financial year ended Dec 31, 2025 (FY25), mainly driven by higher aluminium prices and stable alumina rates, according to RHB Research.
It said the aluminium producer, which is scheduled to release its fourth quarter (4Q) results on Feb 26, is expected to record core profit after tax and minority interest of RM650mil to RM730mil in 4Q of FY25, bringing full-year earnings to about RM2.2bi to RM2.3bil.
“The improvement should be mainly driven by higher London Metal Exchange (LME) aluminium prices, which rose 8% to US$2,830 per tonne, while alumina prices declined 10% quarter-on-quarter to US$319 per tonne, reducing the spot alumina-to-aluminium cost ratio to about 10%.”
RHB Research said that on year-on-year (y-o-y), it expects earnings to rise 45% to 65%, supported by higher LME prices (up 10%) and lower alumina prices (down 54%), though partly offset by higher carbon anode costs (up 38% y-o-y). — Bernama
