Aluminium Bahrain B.S.C. (ALBH) Earnings Call Transcripts

Aluminium Bahrain B.S.C.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Aluminium Bahrain B.S.C. (ALBH:BH) reported a significant profit of $200 million, up from $46 million in Q1 2025, driven by strong pricing despite a 17% decline in sales volume due to regional shipping constraints. Revenue reached $1.1 billion, reflecting robust market conditions with LME prices averaging $3,195 per metric ton, a 22% increase year-over-year. Management maintained a cautious outlook, indicating potential challenges in Q2 due to ongoing geopolitical tensions and operational disruptions, while emphasizing operational resilience and strategic growth initiatives, including the acquisition of Aluminium Dunkerque.

Reported metrics

Guidance from management

Management maintained a cautious outlook for Q2 2026, indicating that production will likely be lower than Q1 due to ongoing disruptions, while emphasizing the importance of operational resilience and strategic initiatives.

What management said

The insurance claim for the [indiscernible] claim, actually, we have an insurance. I will not mention the limit, but we already have an insurance in place, and we are going to already we notified the insurance and claim recovery in process.

Regarding the capacity, I cannot mention exactly how much we are planning, okay, because this is on a daily basis, it depends on the stock percentage of the volume, it depends on up and down. But overall, as you saw in the financial results and you will see also in quarter 2, we are operating smoothly and without any damage. And during the attack when we announced, it was almost all the damages have been fixed and th...

What analysts pressed on

Analysts expressed concerns regarding the impact of regional shipping constraints on future sales volumes and the potential for increased operational costs due to rising logistics expenses. There were also questions about the timeline for restoring full production capacity and the implications of the Aluminium Dunkerque acquisition on future dividends.

Main topics on the call

• Profit Surge — Alba's profit surged to $200 million in Q1 2026, a substantial increase from $46 million in the same quarter last year. CEO Ali Al Baqali noted, "Our profit was $200 million versus $46 million in quarter 1 2025, reflecti...
• Sales Volume Decline — Sales volume decreased by 17% year-over-year to 312,000 metric tons, attributed to regional shipping constraints. Al Baqali stated, "Sales volume was down by 17%, preliminarily driven by regional shipping constraints."
• Strong EBITDA Growth — EBITDA rose 90% year-over-year to $336 million, supported by lower production costs and strong pricing. CFO Ricardo Santana highlighted, "EBITDA was $336 million, up 90% year-on-year, driven primarily by lower cost of pr...
• Operational Resilience — Despite production challenges, Alba maintained operational stability through diversified sourcing and flexible logistics. Al Baqali emphasized, "We protected performance through operational resilience, disciplined cost c...

Read the full Aluminium Bahrain B.S.C. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 Aluminium Bahrain B.S.C. earnings call transcripts on record, spanning July 27, 2020 to May 18, 2026. Based on this history, Aluminium Bahrain B.S.C. reports semi-annually. The most recent call on file is dated May 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ALBH

Exchange

BAX

Country

BH

Sector

Materials

Industry

Metals and Mining

Calls on record

19

First call

July 27, 2020

Most recent

May 18, 2026

Reporting cadence

semi-annually