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Rusal posts 13.5-fold rise in 2024 adjusted profit under IFRS to $983 mln

Adjusted EBITDA increased 1.9-fold in the reporting period to $1.494 bln

MOSCOW, March 14. /TASS/. Adjusted net profit of Rusal under International Financial Reporting Standards (IFRS) soared 13.5-fold in 2024 in annual terms to $983 mln compared with $73 mln in the previous year, the company reported.

Revenue slipped by 1.1% to $12.08 bln.

Adjusted EBITDA increased 1.9-fold in the reporting period to $1.494 bln.

Adjusted EBITDA margin rose to 12.4% compared with 6.4% in the previous year. Net profit of the company climbed 2.8-fold to $803 mln, while profit before tax grew 3.5-fold to $858 mln.

Rusal is the largest aluminum producer outside of China and the only primary aluminum producer in Russia. En+ Group founded by Oleg Deripaska is the largest shareholder of Rusal with a share of 56.88%. SUAL Partners holds 25.52% of shares, while free float stands at 17.6%.

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