Norsk Hydro ASA Earnings Recaps
Q3 2025
Oct 24, 2025
Hydro reported an adjusted EBITDA of NOK 5.996 billion in Q3 2025, facing challenging market conditions while maintaining a strong free cash flow of NOK 2.2 billion.
Key takeaways
- Adjusted RoaCE reached 11%, exceeding the 10% target over the cycle amidst market uncertainty.
- Strategic workforce adjustments aim to reduce white collar staff by 600 in 2025 and an additional 150 in 2026, with expected net savings of NOK 1 billion by 2026.
- Long-term power supply agreements secured for the Alouette project bolster the company’s energy resilience and competitive position.
- The Dutch court has dismissed all claims against Hydro related to environmental concerns, reinforcing the company's legal standing.
- Continued partnerships with customers like Mercedes-Benz support Hydro's commitment to sustainability and carbon reduction in aluminum production.