Abu Dhabi, UAE – Emirates International Aluminum Company, the world’s largest producer of high-quality aluminum, announced a strong financial performance in the first half of 2026. Despite the logistical and geopolitical turmoil in the region since last March.
The company achieved basic profits before interest, taxes, depreciation and amortization amounting to 4.50 billion dirhams. An increase of 11% compared to AED 4.06 billion in the first half of 2025. Driven by high average aluminum prices achieved and strong price premiums at the regional level. Low alumina prices and disciplined cost management.
Earnings margin before interest, taxes, depreciation and amortization reached 33% in the first half of 2026. Compared to 27% in the first half of 2025.
The declared profits amounted to before deducting interest, taxes, depreciation and amortization. After calculating the costs associated with the effects of the Iranian attack on Kizad. Which led to an emergency cessation of operations worth 84 million dirhams (23 million US dollars), 4.42 billion dirhams.
Net profit increased by 34% to reach AED 2.46 billion, compared to AED 1.83 billion in the first half of 2025. Driven by strong earnings before interest, taxes, depreciation and amortization. In addition to lower net financing costs and taxes.
Net declared income amounted to AED 1.73 billion in the first half of 2026. After calculating a net impact of AED 725 million ($197 million) related to the incident.
Interim dividend distribution
The Board of Directors approved the distribution of interim profits for the first half of 2026, amounting to AED 1.72 billion. Representing a distribution rate of 70% of adjusted net profits.
The company’s revenues decreased to AED 13.54 billion in the first half of 2026, compared to AED 15.07 billion in the first half of 2025. This was a result of the Tawila incident, which led to a reduction in sales volume, which was partially offset by higher aluminum prices.
Cast aluminum production also fell to 1,006,000 tons in the first half of 2026. Compared to 1,420 thousand tons in the first half of 2025. This is mainly due to lower production at the Tawila site. The Jebel Ali facility maintained uninterrupted production operations throughout the period.
Total aluminum sales fell by 32% to 939,000 tons in the first half of 2026. Compared to 1,373 thousand tons in the first half of 2025.
Logistical constraints resulting from the regional conflict led to the temporary suspension of new shipments exported from the UAE in March and an increase in aluminum stocks within the UAE.
Since then, the company has taken alternative measures to export via routes and ports outside the Strait of Hormuz. This allowed for a gradual increase in shipping capacity and a reduction in inventories in the UAE.
Shipping levels return
It is currently expected that the return of shipping levels to what they were before the incident will depend on the reopening of the Strait of Hormuz. Although continued development of alternative corridors would reduce dependence on the strait in the long term.
Emirates International Aluminum Company secured its logistics operations related to imports. To ensure that raw material supplies exceed the needs of the Jebel Ali facility and the restart requirements in Tawila.
This made it possible to rebuild strategic stocks and enhance continuity of operations.
Emirates International Aluminum Company continues to implement a comprehensive and disciplined program to restore operational operations in Tawila. Which suffered significant damage on March 28 when Iranian attacks on the Khalifa-Kizad Economic Zone in Abu Dhabi led to an emergency shutdown of all facilities.
Basic services have been restored throughout the site, and the availability of natural gas and electricity is expected to gradually increase. In line with the needs of the reboot program.
