EGA Reports AED 2.46 Billion H1 Net Profit | AI-Generated Image

UAE Aluminium Leader EGA Posts AED 2.46 Billion H1 Net Profit

NewsDesk
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Financial Arabia NewsDesk is the desk responsible for Financial Arabia's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news...

Emirates Global Aluminium said in a statement carried by the Emirates News Agency that the company achieved a net profit of AED 2.46 billion in the first half of 2026. The performance reflected sustained demand for premium aluminium. The statement emphasised operational excellence throughout the company’s integrated operations. EGA maintains a leading role in the global aluminium sector.

The announcement follows the company’s report of an adjusted EBITDA of AED 4.20 billion and net profit of AED 1.84 billion in H1 2024, EGA’s August 2024 media release stated. For the full year 2024, net profit after impairment was AED 2.6 billion, a subsequent release showed. Cash from operations was AED 8.5 billion in 2024.

Emirates Global Aluminium is the world’s largest producer of premium aluminium according to the company’s historical disclosures. The firm operates smelters in the UAE and holds bauxite mining interests in Guinea. Its product range includes speciality alloys used across multiple industries.

In 2024 EGA delivered strong financial results and low-carbon growth, a March 2025 company release stated. Net profit for the full year stood at AED 2.6 billion after an impairment charge. Operating cash flow remained healthy at AED 8.5 billion.

A business report placed EGA revenues at AED 15.08 billion in the first half of 2025. The company has pursued further strategic initiatives in subsequent periods. Guinea Alumina Corporation forms a key element of its raw material supply chain.

An EGA update from February 2026 reported underlying EBITDA of $2.5 billion for 2025. The company has set objectives to lead in low-carbon aluminium production. These prior results provide context for the H1 2026 figures.

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Financial Arabia NewsDesk is the desk responsible for Financial Arabia's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news agencies and government communications. Its focus is accurate, timely and factual coverage of the region.