Alumina of Iran Company has demonstrated a highly successful performance in the first half of the current fiscal year with its 6-month financial report ending in Shahrivar 1404 (approximately September 2025). Below is an analysis of this financial report:

1. Operating Revenue Growth

• The company’s operating revenue reached 8,303 billion Tomans in the first half of 1404, marking a 74% growth compared to the same period last year (4,776 billion Tomans). This significant growth can be attributed to factors such as increased demand, rising global metal prices, and improved domestic sales rates.

• The impact of increased demand and prices in the basic metals industries (especially aluminum) has allowed Alumina to capitalize on these favorable market conditions.

2. Cost Control and Profit Growth

• The cost of goods sold (COGS) for the company grew by 62% during this period. Since this cost increase was lower than the revenue growth, it led to an improvement in the company’s profit margin.

• Gross profit reached 2,362 billion Tomans, indicating a 112% growth. This signifies that Alumina was able to convert a large portion of its revenue into gross profit.

3. Operating and Net Profit Growth

• Alumina’s operating profit saw a very substantial 173% growth, reaching 2,164 billion Tomans. This increase demonstrates the optimization of the company’s operational performance.

• Net profit also jumped by 171%, increasing from 718 billion Tomans to 1,947 billion Tomans. This growth in net profit reflects the optimal utilization of production capacity and effective cost management.

4. Earnings Per Share (EPS)

• Considering the company’s registered capital of 200 billion Tomans, the Earnings Per Share (EPS) for this period reached 9,735 Rials. This figure indicates Alumina’s excellent profitability performance.

5. Conclusion

• Overall, the 6-month performance of Alumina of Iran Company is assessed as very positive. The company has successfully managed to:

• Capitalize well on the increase in demand and global metal prices.

• Effectively control costs, keeping their growth lower than operating revenue growth.

• Achieve remarkable profit growth at all levels—gross profit, operating profit, and net profit—making it one of the top-performing companies in the market.

In summary, Alumina has demonstrated a high capacity for resource management and has performed successfully in the production and sale of its products, particularly given the current global market conditions.