Every material Form 8-K Century Aluminum filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Century Aluminum reported third quarter 2025 results on November 6, 2025. Net income attributable to Century stockholders was $14.9 million, or $0.15 per diluted share, compared with a loss of $4.6 million, or $0.05 per share, in the second quarter, on net sales of $632.2 million. The company expects fourth quarter Adjusted EBITDA of $170 million to $180 million, driven mainly by higher realized LME and Midwest regional premiums.
Net sales of $632.2 million, up $4.1 million from the second quarter
Adjusted EBITDA attributable to Century stockholders of $101.1 million, up $26.8 million
Realized Midwest Premium of $1,425/MT, up $575/MT from the prior quarter
Liquidity of $488.2 million at September 30, 2025, including $151.4 million of cash
Century Aluminum reported a second-quarter 2025 net loss attributable to stockholders of $4.6 million, compared with net income of $29.7 million in the first quarter, on net sales of $628.1 million, down $5.8 million sequentially. Adjusted EBITDA fell to $74.3 million, and the company expects third-quarter 2025 Adjusted EBITDA of $115-125 million, driven mainly by higher realized Midwest regional premium. Shareholders face a weaker reported quarter but a much stronger outlook.
Q2 2025 net loss attributable to Century stockholders of $4.6 million, or $(0.05) per diluted share, versus $29.7 million, or $0.29 per diluted share, in Q1 2025
Adjusted EPS was $0.30 versus $0.36 in Q1 2025; net exceptional items totaled $35.0 million, including a $14.5 million Iceland inventory adjustment, net of tax
Q3 2025 outlook: Adjusted EBITDA expected between $115 million and $125 million, versus $74.3 million in Q2 2025
Liquidity was $362.5 million at June 30, 2025, and the company announced plans to restart the last 50,000 metric tons of capacity at its Mt. Holly smelter
Century Aluminum closed a $400 million offering of 6.875% senior secured notes due August 1, 2032, on July 22, 2025, with net proceeds of about $395 million. The company will use the proceeds to redeem its $250 million 7.50% senior notes due 2028, repay credit facility borrowings and pay offering costs, and it also extended its credit facility to July 22, 2030. The notes are secured by liens on substantially all assets other than the credit facility's ABL Collateral, so the change replaces existing debt with new secured debt on different terms.
$400 million of 6.875% senior secured notes due August 1, 2032, closed July 22, 2025; issued at 100% of principal, with interest payable February 1 and August 1 beginning February 1, 2026
Net proceeds of about $395 million will refinance the $250 million 7.50% 2028 notes, repay credit facility borrowings and cover offering fees and expenses
2028 notes to be redeemed August 5, 2025, at an aggregate price of $261,145,833.33 (101.875% of principal plus accrued interest)
Credit facility amended July 22, 2025, extending its maturity to July 22, 2030
Century Aluminum reported first quarter 2025 results on May 7, 2025. Net sales rose $3.0 million from the fourth quarter to $633.9 million, but net income attributable to Century stockholders fell $15.5 million to $29.7 million, and diluted EPS dropped to $0.29 from $0.44, mainly due to higher input costs and derivative losses. The company expects second quarter Adjusted EBITDA of $80 million to $90 million.
Net sales of $633.9 million, up $3.0 million sequentially; net income attributable to Century stockholders of $29.7 million, down from $45.2 million
Diluted EPS of $0.29 versus $0.44 in the fourth quarter of 2024; adjusted EPS of $0.36 versus $0.42
Adjusted EBITDA attributable to Century stockholders of $78.0 million, down $2.9 million sequentially
Q2 2025 outlook: Adjusted EBITDA of $80 million to $90 million; liquidity of $339.1 million at March 31, 2025
Century Aluminum appointed Peter Trpkovski, its Senior Vice President, Finance and Treasurer, as Executive Vice President and Chief Financial Officer, effective March 21, 2025, succeeding Gerald Bialek as part of a planned transition. Trpkovski has worked at the company since 2013 and will also continue as Treasurer, so the change is a leadership transition rather than a change in reported financial results.
Trpkovski, age 43, joined Century in 2013 and was named Senior Vice President, Finance and Treasurer in 2023
Initial annual base salary of $450,000, with a 2025 target bonus of 65% of base salary
LTIP target award of 160% of base salary for the 2025-2027 performance period, split 50% time-vested stock units and 50% performance stock units
Century Aluminum reported fourth-quarter 2024 net sales of $631.0 million, up 17% from the third quarter, and net income attributable to stockholders of $47.7 million, or $0.47 per diluted share. Full-year net income of $339.4 million was lifted by a $245.9 million bargain purchase gain tied to the Jamalco acquisition, while full-year adjusted net income was $104.0 million, or $1.11 per share. The company expects first-quarter 2025 Adjusted EBITDA of $75 million to $85 million, a range whose midpoint is below the $82.4 million reported for the fourth quarter.
Q4 2024 Adjusted EBITDA attributable to stockholders was $82.4 million, down $21.3 million from the third quarter, which the company linked to a one-time Section 45X true-up recorded in the third quarter.
Full-year 2024 net income attributable to Century stockholders was $339.4 million, or $3.29 per diluted share, compared with a loss of $43.1 million in 2023.
Full-year 2024 adjusted net income was $104.0 million, or $1.11 per share, compared with $30.7 million, or $0.33 per share, in 2023.
First-quarter 2025 Adjusted EBITDA is expected to range from $75 million to $85 million, based on improved metal pricing and regional premiums offset by higher energy and raw material costs.
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