Lightweight metals miner and manufacturer Alcoa(NYSE:AA) posted fiscal 2025 second-quarter results on Wednesday, July 16, 2025, reporting revenue of $3.02 billion, adjusted EBITDA of $313 million, and adjusted earnings of $0.39 per share. Management highlighted the $1.35 billion divestiture of its stake in the Ma’aden joint venture, which closed on July 1, 2025, a positive legal resolution in Australia, and ongoing operational adjustments to U.S. tariffs.
Multiple strategic and operational pivots reflecting increasing market volatility and significant regulatory headwinds are evident in the quarter’s developments.
Alcoa closed the sale of its 25.1% stake in the Ma’aden joint venture for $1.35 billion on July 1, 2025, a deal comprising $1.2 billion in Ma’aden shares and $150 million in cash, directly strengthening its balance sheet and liquidity. In April, Alcoa also resolved a five-year Australian tax dispute with a favorable tribunal decision, removing a $225 million tax reserve overhang that had been fully provisioned on its balance sheet.