Century Aluminum to restate 2023-2025 financials over Jamalco accounting change
Century Aluminum said its previously issued financial statements for fiscal 2023 and 2024 and several 2024-2025 interim periods should no longer be relied upon. The restatement stems from a change to fully consolidate its Jamalco production assets, after SEC staff disagreed with the company's view that the change was immaterial. The company said the change does not affect net income attributable to Century stockholders, but it expects to report a material weakness in internal controls.
Key points
- Affected periods include fiscal years ended December 31, 2023 and 2024, and interim periods through September 30, 2025.
- 2024 gross profit as restated is $172.0 million, down from $185.0 million as previously reported; 2023 gross profit is $87.6 million, down from $91.9 million.
- Total assets at December 31, 2024 rise to $2,120.0 million from $1,939.4 million; net income attributable to Century stockholders is unchanged.
- The Audit Committee made the conclusion on March 2, 2026, and the company expects a material weakness in internal controls.
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 03, 2026.
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