Century Aluminum Company Q4 FY2025 earnings call

• Jesse Gary began by discussing Century's leading position in the US aluminum market, including the Oklahoma smelter partnership with EGA and Hawesville site redevelopment. - Reviewed Q4 operational performance, commended Sebree team for record year, discussed Jamalco's hurricane response and TG4 project. - Peter Trpkovski outlined financial results, cash flow, Q1 outlook, and fiscal year 2026 outlook. - Jesse Gary highlighted 2026 opportunities like Mt. Holly restart and Oklahoma smelter project, expecting full production capacity in summer.

In the fourth quarter, smelter assets showed strong performance. Grundartangi quickly restored stability after potline 2 outage, and Mt. Holly returned to expected strong performance. Sebree smelter had a record year despite tough weather. Jamalco refinery dealt with Hurricane Melissa, faced power supply instability post-storm but is nearing completion of TG4 on-site power generation turbine. Consolidated fourth quarter shipments were approximately 140,000 tons, net sales were $634 million, net income was $1.8 million, adjusted net income was $128 million, and adjusted EBITDA was $171 million. For Q1, adjusted EBITDA is expected to be in the range of $215 million to $235 million. In fiscal year 2026, it is expected to ship around 630,000 tons of primary aluminum, with total CapEx in the range of $115 million to $125 million and cash interest expected to decline.

• Q1 adjusted EBITDA is expected to be between $215 million and $235 million. - Fiscal year 2026 is expected to have shipments of approximately 630,000 tons of primary aluminum. - Total CapEx for fiscal year 2026 is projected to be in the range of $115 million to $125 million. - Cash interest is expected to decline in 2026. - Grundartangi is expected to return to close to full production by the end of July, and Mt. Holly restart is expected to increase US aluminum production by 10%.

Q: Nick Giles inquired about Q1 guide and earnings power in different price environments, Peter Trpkovski responded.

Q: Katja Jancic asked about new smelter milestones and financing options, Jesse Gary and Peter Trpkovski responded.

Q: Matthew Key asked about Iceland capacity utilization and Hawesville put option, Jesse Gary responded.

Q: Nick Giles asked about cash use and shareholder returns, Jesse Gary responded