Novelis Reports Second Quarter Fiscal Year 2026 Results

Q2 2026 Emphasizes

• Earnings attributable to our typical investor of $ 163 million, up 27% YoY; Earnings attributable to our typical investor omitting unique products was $ 113 million, down 37% YoY
• Changed EBITDA of $ 422 million, down 9% YoY
• Rolled item deliveries of 941 kilotonnes, in line with the previous year duration
• Changed EBITDA per tonne delivered of $ 448, down 8% YoY
• Anticipate to reboot Oswego hot mill in December 2025

ATLANTA, Nov. 4, 2025/ PRNewswire/– Novelis Inc., a leading sustainable aluminum services supplier and the world leader in aluminum rolling and recycling, today reported outcomes for the 2nd quarter of 2026.

” Our 2nd quarter monetary efficiency remained in line with our expectations for consecutive enhancement, showing strong execution in an ongoing vibrant environment,” stated Steve Fisher, president and CEO, Novelis Inc. “Need for considerably recyclable, light-weight aluminum continues to grow as a basic product in contemporary transport, structure and building and construction, product packaging, and other end markets worldwide. Our varied worldwide footprint will be more enhanced with the substantial financial investment we are making in the U.S. to build a modern plant in Bay Minette to bring required capability to an undersupplied domestic market.”

2nd Quarter 2026 Financial Emphasizes

Net sales for the 2nd quarter of 2026 increased 10% versus the previous year duration to $ 4.7 billion, generally driven by greater typical aluminum rates. Overall rolled item deliveries of 941 kilotonnes remained in line with the previous year duration. Somewhat greater automobile and aerospace deliveries were balanced out by lower drink product packaging and specialized deliveries.

Earnings attributable to our typical investor increased 27% versus the previous year to $ 163 million in the 2nd quarter of 2026, mainly driven by beneficial metal cost lag arising from increasing typical regional market aluminum premiums, in addition to lower charges related to the previous year Sierre flood, partly balanced out by lower operating efficiency. Earnings attributable to our typical investor, omitting unique products, reduced 37% year-over-year to $ 113 million, and Adjusted EBITDA reduced 9% to $ 422 million in the 2nd quarter of 2026. These declines were mainly driven by a net unfavorable tariff effect and greater aluminum scrap rates, partly balanced out by greater item rates and expense effectiveness actions. Changed EBITDA per tonne was down 8% year-over-year to $ 448

Net capital offered by running activities was $ 411 million in the very first 6 months of 2026. Changed totally free capital was an outflow of $ 499 million in the very first 6 months of 2026, compared to the previous year duration outflow of $ 345 million, as greater capital investment were partly balanced out by net capital offered by running activities. Overall capital investment increased 27% to $ 913 million for the very first 6 months of 2026, due mainly to tactical financial investments in brand-new rolling and recycling capability under building and construction, most especially in the U.S. for the Business’s brand-new greenfield rolling and recycling plant in Bay Minette, Alabama

” We are pleased with the development we’re making ahead of time our expense effectiveness program to drive much better margins in a difficult financial environment,” stated Dev Ahuja, executive vice president and CFO, Novelis Inc.

The Business had a net take advantage of ratio (Changed Net Financial obligation/ tracking twelve months (TTM) Changed EBITDA) of 3.5 x at the end of the 2nd quarter of 2026. Overall liquidity stood at $ 2.9 billion since September 30, 2025, including $ 1.2 billion in money and money equivalents and $ 1.7 billion in accessibility under dedicated credit centers.

Update on Fire at Oswego Plant in September

On September 16, a fire broke out at the Novelis plant in Oswego, New York City Luckily, nobody was hurt. Damage from the fire was mainly localized to the hot mill location. Groups have actually been working 24/7 to bring back operations at Oswego rapidly and securely, while leveraging alternative resources to decrease consumer interruption. Based upon current development, the Business now anticipates to reboot the hot mill in December 2025

” We are grateful for the speedy reaction and commitment of our groups, in addition to the partnership of our clients, market peers, and devices providers,” stated Fisher. “Regardless of this unanticipated difficulty, we stay positive in the strength of our company, the durability of our group, and our capability to adjust and recuperate.”

2nd Quarter 2026 Revenues Teleconference

Novelis will discuss its 2nd quarter 2026 results by means of a live webcast and teleconference for financiers at 7:00 a.m. EST/ 5:30 p.m. IST on Tuesday, November 4, 2025. The webcast link, discussion products and gain access to info can likewise be discovered at novelis.com/investors. To see slides and listen to the live webcast, go to: https://event.choruscall.com/mediaframe/webcast.html?webcastid=44IHuBXE. To get involved by telephone, individuals are asked for to sign up at: https://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13756524&linkSecurityString=1e5f9c98a4 

About Novelis

Novelis Inc. is driven by its function of forming a sustainable world together. We are a worldwide leader in the production of ingenious aluminum items and services and the world’s biggest recycler of aluminum. Our aspiration is to be the leading supplier of low-carbon, sustainable aluminum services and to accomplish a completely circular economy by partnering with our providers, in addition to our clients in the aerospace, automobile, drink product packaging and specializeds markets throughout The United States And Canada, Europe, Asia and South America Novelis had net sales of $ 17.1 billion in 2025. Novelis is a subsidiary of Hindalco Industries Limited, a market leader in aluminum and copper, and the metals flagship business of the Aditya Birla Group, an international corporation based in Mumbai To learn more, go to novelis.com.

Non-GAAP Financial Steps

This press release and the discussion slides for the profits call consist of non-GAAP monetary steps as specified by SEC guidelines. Our company believe these steps are practical to financiers in determining our monetary efficiency and liquidity and comparing our efficiency to our peers. Nevertheless, our non-GAAP monetary steps might not be similar to likewise entitled non-GAAP monetary steps utilized by other business. These non-GAAP monetary steps have constraints as an analytical tool and ought to not be thought about in seclusion or as a replacement for GAAP monetary steps. To the degree we talk about any non-GAAP monetary steps on the profits call, a reconciliation of each step to the most straight similar GAAP step will be offered in the discussion slides, which can be discovered at novelis.com/investors. In addition, the Type 8-K consists of a more comprehensive description of each of these non-GAAP monetary steps, together with a conversation of the effectiveness and function of such steps.

Connected to this press release are tables revealing the condensed combined declarations of operations, condensed combined balance sheets, condensed combined declarations of capital, reconciliation of Adjusted EBITDA, Adjusted EBITDA per Tonne, Adjusted Free Capital, Adjusted Internet Utilize Ratio, Earnings attributable to our typical investor omitting Unique Products, and section info.

Positive Declarations

Declarations made in this press release which explain Novelis’ intents, expectations, beliefs or forecasts might be positive within the significance of securities laws. Positive declarations consist of declarations preceded by, followed by, or consisting of the words “thinks,” “anticipates,” “prepares for,” “strategies,” “quotes,” “jobs,” “projections,” or comparable expressions. Examples of positive declarations in this press release are declarations that require for aluminum items will continue to grow; our worldwide footprint will be enhanced with the building and construction of the Bay Minette center; our expense effectiveness program will drive much better margins; and our expectation to reboot the Oswego hot mill in December 2025 Novelis warns that, by their nature, positive declarations include threat and unpredictability and Novelis’ real outcomes might vary materially from those revealed or indicated in such declarations. We do not plan, and we disclaim any responsibility, to upgrade any positive declarations, whether as an outcome of brand-new info, future occasions or otherwise.

Elements that might trigger real outcomes or results to vary from the outcomes revealed or indicated by positive declarations consist of, to name a few things: disturbances or modifications in business or monetary condition of our substantial clients or the loss of their company or decrease in their requirements; effect of modifications in trade policies, brand-new tariffs, responsibilities and other trade steps; cost and other kinds of competitors from other aluminum rolled items manufacturers and prospective brand-new market entrants; the competitiveness of our end-markets, and the desire of our consumer to accept alternative to our items, consisting of steel, plastics, composite products and glass; our failure to recognize the awaited advantages of tactical financial investments; boosts in the expense or volatility in the accessibility of main aluminum, scrap aluminum, sheet ingot, or other basic materials utilized in the production of our items; dangers connected to the energy-intensive nature of our operations, consisting of boosts to energy expenses or disturbances to our energy materials; recessions in the automobile and ground transport markets or modifications in customer need; union disagreements and other worker relations concerns; the effect of labor disagreements and strikes on our clients; loss of our crucial management and other workers, or a failure to bring in and keep such management and other workers; unintended disturbances at our running centers, consisting of as an outcome of unfavorable weather condition phenomena or fires; financial unpredictability, capital markets interruption and supply chain disruptions; unanticipated effect of public health crises on our company, providers, and clients; dangers associating with particular joint endeavors, subsidiaries and properties that we do not totally control; dangers connected to variations in freight expenses; dangers connected to increasing inflation and extended durations of raised rate of interest; dangers connected to timing distinctions in between the rates we pay under purchase agreements and metal rates we charge our clients; a wear and tear of our monetary condition, a downgrade of our scores by a credit score company or other aspects which might restrict our capability to participate in, or increase our expenses of, funding and hedging deals; threat of increasing financial obligation service commitments connected to variable rate insolvency; unfavorable modifications in currency exchange rates; our failure to negotiate in acquired instruments, or our failure to sufficiently hedge our direct exposure to cost variations under acquired instruments, or a failure of counterparties to our acquired instruments to honor their arrangement; a negative decrease in the liability discount rate, lower-than-expected financial investment return on pension properties; problems to our goodwill, other intangible properties, and other long-lived properties; tax expenditure, tax liabilities or tax compliance expenses; dangers connected to the operating and monetary constraints troubled us by the covenants in our credit centers and the indentures governing our Senior Notes; cybersecurity attacks versus, disturbances, failures or security breaches and other disturbances to our infotech networks and systems; dangers of stopping working to adhere to federal, state and foreign laws and guidelines and market requirements associating with personal privacy, information defense, marketing and customer defense; our failure to safeguard our copyright, the privacy of our knowledge, trade tricks, innovation, and other exclusive info; dangers connected to our worldwide operations, consisting of the effect of complex and rigid laws and federal government guidelines; dangers connected to worldwide environment modification, consisting of legal, regulative or market reactions to such modification; dangers connected to a broad variety of ecological, health and wellness laws and guidelines; and dangers connected to prospective legal procedures or examinations. The above list of aspects is not extensive. Other essential aspects are talked about under the captions “Danger Elements” and “Management’s Conversation and Analysis” in our Yearly Report on Type 10-K for the ended March 31, 2025 and as the exact same might be upgraded from time to time in our quarterly reports on Type 10-Q, or in other reports which we from time to time file with the SEC.

SOURCE Novelis Inc.