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Alcoa Posts $407 Million Q2 Profit, Advances $3.1 Billion South32 Acquisition

8:29am on Friday 31st of July, 2026 AEST Materials
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Alcoa Posts $407 Million Q2 Profit, Advances $3.1 Billion South32 Acquisition

8:29am on Friday 31st of July, 2026 AEST
Key Points
  • Q2 net income of $407 million, diluted EPS $1.53
  • Record aluminum segment Adjusted EBITDA of $1.07 billion
  • Agreement to acquire South32’s bauxite, alumina, and aluminum assets
  • Secured $3.1 billion bridge financing for acquisition
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