Dr. Hamidreza Badkoubeh, CEO of Iran Alumina Company, addressed the most important questions and concerns of shareholders during the online Q&A conference held in accordance with the requirements of the Securities and Exchange Organization.
Dividend Payment Procedures
According to the Public Relations and Social Affairs Department of Iran Alumina Company, Dr. Badkoubeh explained that all approved dividends for individual shareholders have been paid on schedule.
Shareholders who have not yet received their dividends may visit Tejarat Bank branches across the country and, by presenting their registered bank account (Shaba) number in the shareholder system, collect their dividends.
The exact dates and detailed instructions are announced on the company’s official website.
Difference Between Monthly Sales Statistics and Codal Reports
Dr. Badkoubeh also addressed the observed differences between sales statistics on the Iran Mercantile Exchange (IME) and those reported on the CODAL disclosure system, stating that such discrepancies result from timing differences in transaction settlement.
He added that some transactions are settled in the following month, which naturally leads to a delay in accounting and reporting on the platform.
“This difference is completely normal and does not indicate any inconsistency in the information,” he emphasized.
Reason for Reduced Electricity Costs in the Second Half of the Year
Responding to a question about variations in electricity expenses between the first and second halves of the year, Dr. Badkoubeh explained:
“In the first half of the year, we faced serious challenges due to nationwide energy restrictions that affected many industries. However, through swift action and with the cooperation of the Ministry of Energy, we managed to maintain production by purchasing non-interruptible electricity from the Energy Exchange. This led to an increase in reported electricity expenses.”
He continued: “In the second half of the year, with a significant reduction in energy constraints, the company no longer needed to purchase free-market electricity, resulting in lower electricity costs for that period.”
104% Growth in Accounts Receivable in the First Half of the Year
Addressing the 104% increase in accounts receivable, Dr. Badkoubeh noted:
“Due to energy limitations, some customers faced delays in payments. To maintain market stability and ensure continued sales, the company adapted its sales policy — transitioning from cash sales to credit sales through letters of credit. This approach resulted in a 104% year-on-year increase in accounts receivable.”
Emphasis on Transparency and Efficiency
Dr. Badkoubeh reaffirmed the company’s commitment to transparency, efficiency, and full compliance with the Securities and Exchange Organization’s requirements.
He emphasized that financial and operational reports are regularly provided to shareholders, ensuring open and timely disclosure.
He also added that a full recording of the Q&A conference is available to shareholders via the company’s official website.
