RUSAL will not pay dividends for the first half of the year

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AK&M 09 October 2026 09:52

RUSAL will not pay dividends based on the results of the first six months of 2026. The decision was made by the shareholders, the company said in a statement.

As a reminder, no dividends were paid for 2024 and 2025.

RUSAL is a Russian aluminum company. The authorized capital of MCPAO UC RUSAL consists of 15193014862 ordinary shares with a par value of 0.656517 rubles each.

As of July 22, 2026, the shareholders are: ICPAO EN+ GROUP — 56.88%, MKOOO SUAL PARTNERS — 21.17%, other persons (with shares less than 5%), including shares in free circulation — 21.95%.

RUSAL's loss for 2025 was $455 million, compared with a profit of $803 million a year earlier. Adjusted EBITDA fell by 29.5% to $1.053 billion. The company's total revenue increased by 22.6% to $14.812 billion from $12.082 billion.

RUSAL's net profit under IFRS for the first half of 2026 amounted to $419 million rubles, compared with a loss of $87 million a year earlier. Revenue increased by 10.9% to $8.338 billion from $7.52 billion, adjusted EBITDA increased by 64.4% to $1.23 billion from $748 million. The company's foreign exchange loss amounted to $267 million, an increase of 47.5%.

RUSAL's corporate foundation, the Center for Social Programs, took second place in the fifth ranking of charitable foundations supported by Russian companies. It was prepared by the AK&M Rating Agency with the support of VTB Bank.