Century Aluminum Company
CENX
ISIN null / Valor 448405
Century Aluminum Company
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About company
Century Aluminum Company is a global metals and mining enterprise specializing in the production of bauxite, alumina, and aluminum. The company operates several key facilities, including the Hawesville plant in Kentucky, which is its largest U.S. operation with a production capacity of approximately 250,000 metric tonnes per year. In Iceland, the Grundartangi smelter stands as the company's most modern and cost-efficient facility, capable of producing around 317,000 metric tonnes of aluminum annually. Century Aluminum also owns the Mt. Holly smelter in South Carolina, with a capacity of 229,000 metric tonnes per year, and the Sebree smelter, which produces about 220,000 metric tonnes annually. Additionally, the company holds a 55-percent interest in the Jamalco bauxite mining and alumina refinery in Jamaica, which has a capacity of 1,400,000 tonnes per year. Century Aluminum's operations extend to the Netherlands, where it owns a carbon anode production facility in Vlissingen, with an annual capacity of 157,000 tonnes. Through these diverse operations, Century Aluminum serves a global market, focusing on efficient and economic production processes.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (15.04.2026):
Century Aluminum Company’s fourth quarter of 2025 results show a mixed quarter: reported GAAP net income attributable to Century stockholders was $1.8 million ($0.02 diluted) on net sales of $633.7 million, while management’s adjusted measures were substantially stronger—adjusted net income of $128.2 million ($1.25 per share) and adjusted EBITDA of $170.6 million—after large exceptional charges tied to operational disruptions and other items.
Quarter headline numbers
Q4 2025 net sales: $633.7M; shipments: 140,257 tonnes (down 14% sequentially); reported net income attributable to Century stockholders: $1.8M (diluted $0.02); adjusted net income: $128.2M (adjusted EPS $1.25); adjusted EBITDA: $170.6M.
What drove the GAAP vs. adjusted gap
Q4 results were hit by about $126.4M of net exceptional items, including a $30.9M (net of tax) charge tied to an Iceland equipment failure, $32.6M of share‑based compensation, $27.6M of unrealized losses on forward derivative contracts, $9.9M Hawesville inventory write‑down, Mt. Holly restart costs (~$8M), hurricane recovery costs at Jamalco, and other inventory adjustments—hence the large swing to adjusted results.
Operational disruptions and shipment trends
Shipments declined 14% sequentially in Q4 due largely to idled production at the Grundartangi (Iceland) facility after equipment failure. For full year 2025 shipments were 647,112 tonnes (down ~5% year‑over‑year).
Full‑year 2025 summary
FY 2025 net sales: $2.53B. Reported net income attributable to stockholders: $41.8M (diluted $0.42). Adjusted net income: $253.8M (adjusted EPS $2.46). Adjusted EBITDA attributable to Century stockholders: $425.1M, up significantly versus 2024, driven by higher realized aluminum prices and regional premiums.
Liquidity and balance sheet highlights
Ending cash and cash equivalents at Dec 31, 2025 were $134.2M with total liquidity reported at $418.0M (including $283.8M combined borrowing availability). Total Century shareholders’ equity was $825.6M at year end.
Near‑term outlook
For Q1 2026 Century expects adjusted EBITDA of $215–$235M, citing improved metal pricing and regional premiums but noting temporary higher U.S. energy costs from Winter Storm Fern.
Strategic items and operational restarts
Post‑year announcements: in Jan 2026 Century entered a joint development agreement with Emirates Global Aluminium to pursue a new smelter in Oklahoma (first new U.S. primary smelter since 1980); in Feb 2026 it announced sale and redevelopment plans for the previously curtailed Hawesville site; and it plans to restart over 50,000 MT of idled Mt. Holly production by end of Q2 2026.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5883 M
Market cap (USD)
769,418
Daily traded volume (Shares)
18.38 / 17.83
1 day high/low (USD)
52 weeks high/low (USD)
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