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GlobeNewswire·

Norsk Hydro: Operational strength delivering solid results

NHYDY
  • Hydro's adjusted EBITDA for Q2 2026 reached NOK 8,923 million, up from NOK 7,790 million in Q2 2025.
  • Adjusted earnings per share rose to NOK 2.2 from NOK 1.7 in the same period last year.
  • Free cash flow was NOK 4 billion, while twelve-month adjusted RoaCE ended at 10.9 percent.
  • Slovalco announced a restart of 75,000 tonnes capacity in H2 2026 following an agreement with the Slovak government on carbon cost compensation.
  • Realized all-in metal prices increased by 14 percent compared to Q1 2026.
  • Aluminium Metal EBITDA increased to NOK 6,421 million, driven by higher metal prices & lower alumina costs.
  • Recycling operations reported strong results with adjusted EBITDA of NOK 900 million, particularly in North America.
  • Hydro sourced 5 TWh of renewable power in Q2 2026 & signed a 10-year agreement with Eviny for 0.5 TWh annually from 2031 to 2040.
  • Net income for the quarter was NOK 5,965 million, including NOK 3,088 million in unrealized derivative gains.
  • Net debt increased to NOK 16.3 billion from NOK 12.9 billion due to dividends, investments, & operating cash flow.
  • Bauxite & Alumina EBITDA decreased to NOK 522 million due to lower alumina prices & a stronger Brazilian Real against the USD.
  • Energy EBITDA fell to NOK 499 million due to lower production & losses on price area differences.
  • Extrusions EBITDA rose to NOK 1,463 million driven by higher recycling margins & lower fixed costs.
  • European extrusion demand increased 0.4 percent, while North American demand remained flat.
  • Hydro signed a five-year supply agreement with Nexans for 85,000 tonnes of low-carbon aluminium wire rod.