EGA’s nine-month profit and revenue fall as Iran war disrupts aluminium sales

Résumé détaillé

Emirates Global Aluminium has reported a 9 per cent decline in its nine-month adjusted net profit, driven by impairments for lost production after an Iranian attack on its Al…

Emirates Global Aluminium has reported a 9 per cent decline in its nine-month adjusted net profit, driven by impairments for lost production after an Iranian attack on its Al Taweelah plant as well as disruption of exports.

Adjusted net profit for the nine months to the end of September stood at $744 million, compared to $817 million in the same period in 2025, EGA, one of the UAE’s largest non-oil industrial conglomerates, said in a statement on Thursday.

Net profit during the period stood at $547 million, after recognising a net impact of $197 million linked to the war-related incident in March, which led to an an emergency shutdown of all of EGA’s Al Taweelah plants at Khalifa Industrial Zone Abu Dhabi (Kizad).

The company’s revenue fell 16 per cent annually to $5.28 billion during the nine-month period.

“In the first nine months of 2026, EGA has been tested like never before,” said Abdulnasser bin Kalban, chief executive of EGA.

“During this challenging period of recovery, we have continued our focus on delivering long-term growth. While challenges remain ahead of us, across EGA we share determination and full confidence that EGA will come back stronger than ever.”

The shutdown after the March incident resulted in a $53 million impact on adjusted Ebitda. However, operations at Jebel Ali and EGA’s international recycling plants remained uninterrupted throughout the period.

Despite the setback, EGA said it lifted its adjusted earnings before interest, tax, depreciation and amortisation margin to 30 per cent in the January to September period, from 28 per cent a year earlier, helped by higher aluminium prices and disciplined cost management.

Total sales fell 36 per cent to 1.33 million tonnes during the nine months, reflecting lower metal availability from Al Taweelah and constraints on outbound logistics from the UAE during the period, EGA said.

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