CENTURY ALUMINUM CO

Listed Company

CENXCIK 0000949157NasdaqLarge AcceleratedPrimary Production Of AluminumDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.53B

Net Income

$41.80M

Total Assets

$2.27B

Equity

$805.60M

Shares Out

98.97M

Op. Cash Flow

$185.00M

Business

CENTURY ALUMINUM CO is a global producer of primary aluminum operating reduction facilities (smelters) in the United States and Iceland and holding upstream and ancillary assets. It produces standard‑grade and value‑added primary aluminum products, including ingot, billet, and primary foundry alloys, offers Natur‑Al low‑carbon products, and manufactures carbon anodes while sourcing alumina through its 55% interest in Jamalco. The company operates one reportable segment—primary aluminum—with smelters at Grundartangi (Iceland), Hawesville, Sebree and Mt. Holly (U.S.), a Vlissingen anode plant (Netherlands) and the Jamalco JV (Jamaica). Products are sold into U.S. and European markets under commercial contracts, LME‑linked pricing and regional/value‑added premiums.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total net sales	2,528	2,220	2,185	2,777	2,213
Cost of Goods Sold	2,272	2,048	2,098	2,731	2,088
Gross profit	256	172	88	47	124
Selling, general and administrative expenses	80	57	44	38	58
Other operating expenses - net	18	7	16	0	600,000
Operating income	158	108	28	−150	66
Interest income	9	2	2	500,000	800,000
Net gain (loss) on forward and derivative contracts	−95	2	62	197	−212
Loss on early extinguishment of debt	−8	0	0	0	−25
Bargain purchase gain	0	246	0	0	—
Other expense - net	−15	−6	−3	15	3
Income (loss) before income taxes	3	310	−71	33	−198
Income tax benefit (expense)	13	−3	15	−47	31
Income (loss) before equity in earnings of joint ventures	16	307	−57	−14	−167
Equity in earnings (losses) of joint ventures	0	100,000	−100,000	−100,000	−100,000
Net income (loss)	16	307	−57	−14	−167
Net loss attributable to noncontrolling interests	−26	−30	−14	0	0
Net income (loss) attributable to Century stockholders	42	337	−43	−14	−167
Less: Net income allocated to participating securities	2	18	0	0	—
Net income (loss) allocated to common stockholders	40	319	−43	−14	−167
Basic (in dollars per share)	0.42	3.44	−0.47	−0.15	−1.85
Diluted (in dollars per share)	0.42	3.27	−0.47	−0.15	−1.85
Basic (in shares)	94	93	92	91	90
Diluted (in shares)	95	98	92	91	90

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-09-30	FY 2025 2025-06-30	FY 2025 2025-03-31	FY 2024 2024-12-31
Cash and cash equivalents	134	—	—	—	33
Restricted cash	1	—	—	—	3
Accounts receivable - net	110	—	—	—	76
Non-trade receivables	38	20	17	8	21
Manufacturing credit receivable	173	—	—	—	82
Inventories	520	—	—	—	539
Derivative assets	2	—	—	—	4
Prepaid and other current assets	24	—	—	—	28
Total current assets	1,031	1,047	807	830	811
Property, plant and equipment - net	1,168	1,139	1,151	1,142	1,150
Manufacturing credit receivable - less current portion	0	—	—	—	70
Other assets	70	72	71	70	89
TOTAL	2,269	2,322	2,142	2,133	2,120
Accounts payable, trade	187	—	—	—	187
Accrued compensation and benefits	74	53	45	42	51
Due to affiliates	—	—	—	—	109
Accrued and other current liabilities	36	77	48	39	45
Derivative liabilities	58	—	—	—	4
Carbon credit repurchase liability	29	—	—	—	0
Total current liabilities	524	592	448	444	467
Accrued benefits costs - less current portion	98	136	142	144	145
Other liabilities	105	—	—	—	93
Deferred taxes	58	—	—	—	71
Asset retirement obligations - less current portion	75	83	83	85	81
Total noncurrent liabilities	816	872	847	852	847
COMMITMENTS AND CONTINGENCIES (Note 17)	—	—	—	—	—
Preferred stock (Note 9)	0	—	—	—	0
Common stock (Note 9)	1	—	—	—	1
Additional paid-in capital	2,572	—	—	—	2,550
Treasury stock, at cost	−86	—	—	—	−86
Accumulated other comprehensive loss	−55	—	—	—	−103
Accumulated deficit	−1,626	—	—	—	−1,667
Total Century shareholders equity	806	—	—	—	694
Noncontrolling interest	124	117	123	112	111
Total equity	930	859	847	838	805
TOTAL	2,269	2,322	2,142	2,133	2,120

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Unrealized loss (gain) on derivative instruments	63	−5	87	−202	103
Depreciation, depletion and amortization	92	87	79	73	83
Share-based compensation	47	15	7	—	—
Change in deferred tax provision	−14	−1	−31	44	−31
Gain on sale of assets	0	−2	0	0	—
Force majeure settlement	0	−12	0	0	—
Lower of cost or NRV inventory adjustment	9	2	0	40	0
Net periodic benefit cost	12	16	14	—	—
Other non-cash items - net	7	−4	−17	−23	−2
Accounts receivable - net	−24	−18	37	14	−16
Non-trade receivables	−2	23	4	0	0
Manufacturing credit receivable	−21	−93	−59	0	0
Due from affiliates	−5	−5	−16	4	700,000
Inventories	11	−64	26	−13	−135
Prepaid and other current assets	4	1	3	6	−13
Accounts payable, trade	1	−51	−19	−16	45
Due to affiliates	−13	26	52	−44	38
Accrued and other current liabilities	12	4	0	9	5
Ravenswood retiree medical settlement	−2	−2	−2	—	—
PBGC settlement	−2	−300,000	−5	−2	0
Other - net	−13	−2	3	1	2
Net cash provided by (used in) operating activities	185	−25	106	26	−65
Capital expenditures	−100	−82	−95	−86	−83
Proceeds from sale of property, plant and equipment	0	2	26	800,000	400,000
Acquisition of subsidiary net of cash acquired	0	0	12	0	0
Net cash used in investing activities	−100	−80	−58	−86	−83
Repayment of Senior Notes due 2028	−250	0	0	0	0
Early redemption premiums paid	−5	0	0	0	−18
Proceeds from issuance of Senior Notes due 2032	400	0	0	0	250
Payment of deferred financing fees	−6	0	0	−2	−7
Contributions from joint venture partner	20	13	0	—	—
Payments related to tax withholding for share-based compensation	−18	0	0	—	—
Carbon credit proceeds	28	0	37	0	0
Carbon credit repayments	−28	−10	0	0	—
Net cash provided by (used in) financing activities	15	50	−13	74	104
CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	100	−55	35	15	−44
Interest	37	36	35	27	37
Income taxes, net of refunds	5	15	6	900,000	3
Capital expenditures	20	12	11	4	7
Capitalized interest	0	3	6	4	2

Filings

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