Qatar Aluminium Manufacturing Company (QAMCO) reported a strong performance for the third quarter and the nine months ended 30 September 2025, driven by firmer aluminium prices, steady output, and solid market demand.
In Q3 2025, the company produced 172 thousand metric tonnes of aluminium, a small but steady rise from 171 thousand metric tonnes in Q2 2025 — roughly a 1 per cent increase. The gain came mainly from stable plant operations and smoother production efficiency.
Sales saw a much sharper rise. QAMCO sold 189 thousand metric tonnes in the third quarter, compared with 167 thousand metric tonnes in Q2, marking a 13 per cent increase. The improvement was largely driven by better demand for extrusion ingots, as downstream sectors picked up pace.
The company’s share of JV revenue grew 7 per cent to QAR 929 million (USD 255 million), from QAR 870 million (USD 238 million) in the previous quarter. Its share of JV EBITDA rose 3 per cent to QAR 313 million (USD 86 million), against QAR 304 million (USD 83.4 million) in Q2 2025.
Net profit followed the same direction, reaching QAR 192 million, (USD 52.7 million) compared with QAR 186 million (USD 51 million) a quarter earlier. Earnings per share (EPS) edged up too, to QAR 0.034 from QAR 0.033.
Margins, however, were slightly softer. The EBITDA margin came in at 34 per cent, down from 35 per cent, mostly because the average selling price slipped about 6 per cent to USD 2,702 per tonne, from USD 2,865 per tonne earlier. Still, the stronger sales volumes helped cushion the effect of lower prices and higher costs.
