RUSAL reports a 455% net loss
Despite RUSAL seeing a 22.6% ($14,812M) increase in revenue compared to 2024, the net loss is a significant contrast to the profit of $803M in 2024.
The results come in the company’s financial and operational report for 2025.
Despite RUSAL seeing a 22.6% ($14,812M) increase in revenue compared to 2024, the net loss is a significant contrast to the profit of $803M in 2024.
In terms of operations, as a result of planned capacity optimisation, the company saw aluminium production decrease by 1.9 % to 3,918 thousand tonnes in 2025 compared to 3,992 thousand tonnes in 2024.
Alumina production increased by 6.7% to 6,858 thousand tonnes, while bauxite production rose 16.2% to 18,453 thousand tonnes, enhanced by expansion projects in Guinea and new stakes in Chinese and Indian refineries.
Against the backdrop of the strengthening Rouble, the company’s exchange rate loss for 2025 amounted to $431M, which contributed significantly to the overall loss of $455M.
The company also maintains a focus on development, including environmental retrofitting of its largest plants: investments in this area have grown to $587M, while total capital expenditure increased by 8.1% to $1,477M in 2025 in comparison to $1,366M in 2024.

