Kaiser lifts net income figure in 2025

Franklin, Tennessee-based recycled-content metals producer Kaiser Aluminum Corp. has reported fourth quarter 2025 net income of $28 million and full year 2025 net income of $113 million. Both figures represent increases from one year earlier, with the company’s quarterly earnings rising by 40 percent and its full year earnings rising by more than 70 percent.

“Our fourth quarter performance reflected a year of consistent execution, marking our fifth consecutive quarter ahead of internal expectations and full year results that exceeded our 2025 outlook,” says Keith A. Harvey, board chair, president and CEO of Kaiser.

“Metal pricing remained a favorable tailwind, and despite non-recurring costs primarily associated with our new roll coat line and [a planned facility] outage, we delivered record full year adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $310 million with an adjusted EBITDA margin above 21 percent,” adds Harvey.

Kaiser makes recycled-content aluminum in Newburgh, Indiana, for the beverage can sector and melts aluminum scrap in some of its other casting and extrusions locations.

Like other companies engaged in nonferrous metals production and recycling, Kaiser engages in hedging activities to protect its profit margins.

Kaiser says, “The cost of aluminum at the average Midwest transaction price [premium] and the cost of alloys used in the production process, as well as metal price exposure on shipments that the company hedged with a realized gain upon settlement of $27 million and loss of $200,000 in the years ended Dec. 31, 2025, and Dec. 31, 2024, respectively.”

Regarding the year now underway, CEO Harvey remarks, “We entered 2026 with a solid foundation, clear visibility into our end markets, and the capacity to capture the benefits from our recent major investments.”