Century Aluminum Company announced its second-quarter 2025 financial results, reporting net sales of $628.1 million. The company recorded a net loss attributable to Century stockholders of $4.6 million, or $0.05 loss per share. However, adjusted net income stood at $30.0 million, or $0.30 per share, reflecting underlying operational strength.
Adjusted EBITDA for the second quarter was $74.0 million. The company's liquidity position remained robust at $362.5 million as of June 30, 2025, including $40.7 million in cash and $321.8 million in unused revolving credit facility availability.
Looking ahead, management guided Q3 2025 adjusted EBITDA to a range of $115 million to $125 million, anticipating a $50 million increase from Q2 due to lagged impacts of Section 232 tariff increases on Midwest premiums. Furthermore, Q4 2025 EBITDA is projected to reach $140 million to $150 million, based on current spot LME prices and Midwest premium.
The company also highlighted a $195 million receivable for Section 45X tax credits for FY 2023, 2024, and H1 2025 U.S. production, with the FY 2023 portion expected imminently. Total capital spending for FY 2025 is estimated at $70 million to $80 million.
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