DOHA: Qatar Aluminium Manufacturing Company (QAMCO) Chairman of the Board of Directors Abdulrahman Ahmad Al Shaibi highlighted that QAMCO’s joint venture is ranked among the most efficient and lowest cost aluminium smelters globally while addressing shareholders at the company’s Annual General Assembly meeting.
Delivering the opening speech Al Shaibi said, “We reaffirm our firm commitment to preserving this competitive position, in support of our strategic objective of maximizing value for our shareholders, while adhering to the highest standards of operational and financial discipline, as well as sustainability requirements.”
The global aluminium market experienced notable volatility during 2025, shaped by the interaction of short term challenges and long term structural shifts. The gap between supply and demand narrowed, supported by sustained long term demand growth from sectors linked to the energy transition, including electric vehicles, renewable energy, and sustainable infrastructure. Notwithstanding ongoing geopolitical uncertainty and the associated logistical challenges affecting global trade flows, the sector demonstrated a clear ability to adapt, supported by a gradual recovery in major economies and continued positive performance in emerging markets. In addition, slower production growth and declining inventory levels contributed to reducing excess supply, reinforcing the positive year on year price trend.
Against this backdrop, QAMCO’s joint venture continued during 2025 to strengthen its commitment to operational excellence and cost optimization, while further enhancing sustainability and governance practices.
This was achieved through improved operational efficiency, the adoption of advanced technological solutions, and strict adherence to environmental, social, and governance standards, he added.
Al Shaibi said, with respect to capital expenditure, spending during 2025 amounted to approximately QR308m, the majority of which was allocated to maintenance activities and initiatives aimed at enhancing operational efficiency. Looking ahead, QAMCO’s share of expected capital initiatives for the period from 2026 to 2030 is estimated at approximately QR1.2bn, focused on strategic projects that will further enhance productivity and environmental efficiency.
From a financial perspective, QAMCO delivered strong growth in net profit for 2025, with net earnings increasing by 25% to reach QR768m, while earnings per share amounted to QR0.138. The Board of Directors recommends the distribution of cash dividends for the second half of 2025 amounting to QR0.057 per share. Accordingly, total annual dividends reach QR0.10 per share, representing a payout ratio of 73% of the year’s net profit, he added.
