Manama – Business News Report|| Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, recorded a significant decline in financial results during the third quarter of 2026. The performance was heavily influenced by regional developments and market pressures, occurring amidst operational and geopolitical challenges faced during the period ending on September 30, 2026.
Quarterly Net Profit Plunges
According to financial results published on the Bahrain Bourse website, the company saw its net profit attributable to shareholders drop by 72.5 percent on an annual basis during the third quarter of 2026. The figure reached approximately 18.5 million Bahraini dinars, equivalent to 49.3 million dollars. This stands in stark contrast to the 67.3 million Bahraini dinars, or 178.6 million dollars, recorded during the same period last year.
Nine-Month Performance Shows Growth
In contrast to the quarterly downturn, the financial surface performance for the first nine months of 2026 deviated from the seasonal trend and recorded overall growth. Net profit for this nine-month period totaled approximately 158.7 million Bahraini dinars, amounting to 421.9 million dollars. This represents a notable increase compared to the 110 million Bahraini dinars, or 292.3 million dollars, achieved during the corresponding period in 2025.
Revenue Declines Significantly
Regarding revenues generated from customer contracts, Alba’s income in the third quarter of 2026 stood at approximately 309.1 million Bahraini dinars, equaling 821.9 million dollars. This marks a decrease of 31.2 percent on an annual basis when compared to the 449.4 million Bahraini dinars, or 1.194 billion dollars, recorded in the third quarter of 2025.
Total Revenue Slight Dip
Conversely, total revenue for the nine-month period ending on September 30, 2026, reached approximately 1.152.1 million Bahraini dinars, which is roughly 3 billion dollars. This figure reflects a slight decrease compared to the 1.29 billion Bahraini dinars, or approximately 3.43 billion dollars, observed in the same period of the previous year.
Geopolitical and Security Challenges
The audited financial statements highlighted fundamental challenges, including geopolitical developments in the Middle East. These events increased uncertainty and volatility in supply chains and energy markets. Additionally, the group suffered a security incident that affected certain operational facilities.
Management Response and Provisions
Management activated a business continuity plan to contain the incident and stabilize operations. Furthermore, the company recorded an impairment provision of 7.3 million Bahraini dinars, equivalent to 19.3 million dollars, associated with the security incident.
This story was produced in the newsroom from the disclosed sources named above.
