Companhia Brasileira de Aluminio
BOVESPA:CBAV3
Companhia Brasileira de Aluminio
Companhia Brasileira de Alumínio engages in mining bauxite for aluminum production. The company is headquartered in Sao Paulo, Sao Paulo. The company went IPO on 2021-07-15. The firm has a strategy focused on the segments of high added value products and on the production of low carbon aluminum and low production cost. Self-sufficiency in bauxite and alumina and the ability to supply virtually all its electricity consumption through a portfolio of renewable energy generation assets ensure cost competitiveness and flexibility in the mix of products offered to adjust to different market dynamics. The firm is controlled by Votorantim SA.
Companhia Brasileira de Alumínio engages in mining bauxite for aluminum production. The company is headquartered in Sao Paulo, Sao Paulo. The company went IPO on 2021-07-15. The firm has a strategy focused on the segments of high added value products and on the production of low carbon aluminum and low production cost. Self-sufficiency in bauxite and alumina and the ability to supply virtually all its electricity consumption through a portfolio of renewable energy generation assets ensure cost competitiveness and flexibility in the mix of products offered to adjust to different market dynamics. The firm is controlled by Votorantim SA.
Revenue Growth: Consolidated net revenue reached BRL 2.3 billion, up 5% versus Q3 2024 and 12% over the prior quarter, driven by stronger aluminum sales and improved prices.
Aluminum Production Recovery: Liquid aluminum output stabilized at 90,000 tonnes, up 9% quarter-over-quarter, as all furnaces and the alumina refinery resumed operation.
EBITDA Volatility: Adjusted EBITDA was BRL 234 million, down 43% sequentially but up 24% year-over-year, reflecting cost movements and operational normalization.
Cost Management: Average aluminum production cost stabilized at BRL 12,121 per tonne; alumina costs declined due to higher own production and efficiency, though energy costs rose seasonally.
Debt Improvement: Leverage dropped to 2.45x from a 2023 peak of 7.7x, with gross debt reduced 12% over 12 months and average debt term now 5.5 years.
Energy Diversification: Wind power assets were acquired ahead of schedule for 2025, adding 60 MW with no extra cost, boosting energy mix resilience.
ESG Recognition: CBA scored 74/100 on S&P Global's ESG assessment (up 5% YoY), remaining in the IDIVERSA B3 portfolio for diversity and inclusion.
Strategic Flexibility: Management emphasized flexible CapEx allocation and readiness to adjust investment pace based on market conditions, especially regarding expansion and modernization projects.
