EQS-News: AMAG Austria Metall AG: Strong operating performance enabled solid business performance in 2025

EQS-News: AMAG Austria Metall AG / Key word(s): Annual Results
AMAG Austria Metall AG: Strong operating performance enabled solid
business performance in 2025

27.02.2026 / 07:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Investor information

Ranshofen, 27 February 2026
 

AMAG Austria Metall AG: Strong operating performance enabled solid
business performance in 2025

• Operational strength, consistent cost management and tailwinds from
the Canadian aluminium smelter interest supported revenue and earnings
trends
• Revenues grew by +2.1% to EUR 1,478.5 million (2024: EUR 1,448.8
million)
• EBITDA at EUR 137.0 million – despite challenging conditions,
especially for the Ranshofen site (-23.5% compared to 2024: EUR 179.2
million)
• Net income after taxes of EUR 34.0 million (-21.3% compared to 2024:
EUR 43.2 million), earnings per share at EUR 0.96 (2024: EUR 1.23)
• Operating cash flow recorded growth of +41.3% to EUR 168.1 million and
free cash flow grew +262.5% to EUR 115.3 million (2024: EUR 119.0
million and EUR 31.8 million respectively)
• Dividend proposal of EUR 0.75 per share (2024: EUR 1.20 per share)
• Outlook for 2026: Specific EBITDA forecast for 2026 currently not
possible; positive signals visible in the market

Against the backdrop of challenging conditions in 2025, AMAG Group was
able to achieve robust shipment volumes overall thanks to its diverse
set-up, high flexibility in operational processing and customer-oriented
agility. Nevertheless, earnings were negatively impacted by a changed
competitive environment in relevant sales markets affected by trade policy
and the associated decline in margins. Rapidly implemented stabilisation
measures helped to significantly cushion the impact on operating profit.

Dr. Helmut Kaufmann, Chief Executive Officer of AMAG: „The environment in
2025 was particularly challenging in many respects. This makes us all the
more proud of the resilience of our organisation and the earnings we have
achieved. Our operational flexibility, consistent cost management and the
continued excellent performance of our strategic aluminium smelter
investment in Canada contributed significantly to achieving strong
financial results. There was growth in the equity ratio and, with free
cash flow of EUR 115.3 million, a new record high was achieved since our
listing on the stock exchange.“

Revenues grew to EUR 1,478.5 million (+2.1% compared to 2024:
EUR 1,448.8 million). In particular, the +7.4% increase in the average
aluminium price (3-month LME) to USD 2,639/t more than offset the negative
impact on sales revenue resulting from lower shipment volumes and product
mix shifts as well as the stronger EUR against the USD. At 417,600 tonnes,
total shipments were slightly below the previous year’s level (-1.7%
compared to 2024: 425,000 tonnes) in a challenging market environment
overall. 

Earnings before interest, taxes, depreciation and amortisation (EBITDA)
amounted to EUR 137.0 million (-23.5% compared to 2024: EUR 179.2
million). In the Metal Division, higher aluminium prices offset the
negative effects of declining premium revenues, lower shipment volumes and
a stronger EUR/USD exchange rate. In addition, favourable alumina costs
supported earnings development, while valuation effects from the EUR
forward curve were significantly lower than in the previous year. The
Casting Division experienced growth in productivity in a persistently
challenging market environment in the European automotive industry, but
its earnings continued to be impacted by increased price sensitivity and
indirect trade policy influences. In the Rolling Division, rapid shifts in
the product mix stabilised capacity utilisation. Weak sales, especially in
the transport sector, were offset by sales increases in the industrial
applications and packaging sectors. However, overall increasing
competitive pressure, the effects of US tariffs and persistently high
energy and personnel costs at the Ranshofen site led to increased margin
pressure.

At EUR 80.1 million, depreciation and amortisation was significantly below
the previous year’s level (-21.5% compared to 2024: EUR 102.1 million).
This is mainly attributable to the special depreciation carried out at
AMAG components in the previous year. This resulted in an operating profit
(EBIT) of EUR 56.9 million (-26.2% compared to 2024: EUR 77.1 million).
Net income after taxes amounted to EUR 34.0 million in the 2025 financial
year (-21.3% compared to 2024: EUR 43.2 million).

At EUR 168.1 million, cash flow from operating activities reflects the
solid operating profit and successful working capital measures (+41.3%
compared to 2024: EUR 119.0 million). Metal inventories were reduced to a
level last achieved in 2019. At EUR -52.8 million, cash flow from
investing activities reflects the targeted reduction in investment
activity (2024: EUR -87.2 million). Given the state-of-the-art Ranshofen
site, investment requirements will remain low in the future. Free cash
flow experienced significant growth in the 2025 financial year, reaching
EUR 115.3 million (+262.5% compared to 2024: EUR 31.8 million).

The AMAG Group’s balance sheet figures reflect its usual stable financial
set-up. Equity amounted to EUR 717.1 million as at the balance sheet date
(31 December 2024: EUR 740.9 million), and there was growth in the equity
ratio to 43.2% (31 December 2024: 42.3%).

Net financial debt was reduced from EUR 382.3 million at the end of 2024
to EUR 321.0 million at the end of 2025. The gearing was significantly
reduced to 44.8% at the end of 2025 (31 December 2024: 51.6%).

Dividend proposal:

The Management Board and Supervisory Board will propose a dividend of EUR
0.75 per share to the Annual General Meeting. This corresponds to a
dividend yield of 3.1% based on the year-end closing price of AMAG shares
of EUR 24.10. The Annual General Meeting will take place on 16 April 2026.
The dividend payment date is 23 April 2026.

Outlook for 2026:

In the 2026 financial year, the AMAG Group will continue to operate in a
challenging environment. Global markets remain volatile, with trade policy
uncertainties – in particular the tariffs imposed by the USA on aluminium
imports – potentially affecting international goods flows and pricing. At
the same time, current economic forecasts for 2026 predict an overall
improvement in industrial activity.[1]^[1] Global demand for aluminium
(primary and secondary aluminium) is forecast to rise, although demand for
aluminium rolled products is anticipated to remain subdued in Western
Europe.[2][2] From today’s perspective, business performance in the three
operating divisions of the AMAG Group is assessed as follows:

In the Metal Division, the Alouette smelter is currently benefiting from
attractive aluminium and alumina prices. From today’s perspective,
production volume is expected to experience growth in 2026. With a cost
structure that remains highly competitive, earnings development will
continue to be affected primarily by the further development of aluminium
and alumina prices, the structure of US tariffs and the USD/CAD and
EUR/USD exchange rate relationships.

The Casting Division will remain dependent on the European automotive
industry in 2026 and continues to face pressure on earnings due to a tense
market environment, intense competition and higher input costs. The
division continues to focus on high operational flexibility and the
production of CO₂-optimised alloys.

In the Rolling Division, earnings quality depends largely on the European
industrial economy and the development of raw material and energy prices.
Based on current estimates, an overall increase in shipment volume is
expected. Despite global growth in aerospace, demand at AMAG could remain
subdued due to existing inventories in the international aerospace value
chain. Automotive and heat exchanger applications remain challenging,
particularly in Europe. Nevertheless, from today’s perspective, sales are
anticipated to increase, mainly due to short-term market opportunities. In
industrial applications, high competition and increased price sensitivity
are affecting margins, while the packaging sector is expected to remain
stable and no significant changes are anticipated in the sports and
architecture sectors.

Against the backdrop of current economic forecasts, sentiment, customs
arrangements and order intake, there are positive signs in the market from
today’s perspective. The AMAG Group will continue to leverage its broad
set-up and high flexibility to realise opportunities and strengthen
earnings quality as much as possible.

Annual Report 2025:

The 2025 Annual Report is now available on the AMAG website under
„Investor Relations“. It consists of the comprehensive Financial Report,
including the non-financial statement, and a magazine summarising the most
important information on business performance in 2025.

AMAG key figures: 

  2025 2024 Change in %
Shipments in tonnes 417,600 425,000 -1.7
of which external shipments in tonnes 382,800 390,600 -2.0
Revenues in EUR million 1,478.5 1,448.8 +2.1
EBITDA in EUR million 137.0 179.2 -23.5
EBIT in EUR million 56.9 77.1 -26.2
Net income after taxes in EUR million 34.0 43.2 -21.3
Cash flow from operating activities
in EUR million 168.1 119.0 +41.3
Cash flow from investing activities
in EUR million -52.8 -87.2 -39.5
Employees in FTE^1) 2,185 2,237 -2.3

 

  31 December 2025 31 December 2024 Change in %
Equity in EUR million 717.1 740.9 -3.2
Equity ratio in % 43.2 42.3  
Gearing in % 44.8 51.6  

[1) Average number of employees (full time equivalent) including contract
workers, excluding apprentices and, since July 2024, also excluding
holiday interns (adjustment also made retroactively). Includes the 20%
personnel share of the interest in the Alouette smelter and the personnel
of AMAG components.]

 

About the AMAG Group

AMAG Austria Metall AG is a leading Austrian premium supplier of
high-quality aluminium casting and rolled products used in a wide range of
industries, including aerospace, automotive, sporting goods, lighting,
mechanical engineering, construction and packaging. The Canadian Alouette
smelter, in which AMAG holds a 20% interest, produces high-quality primary
aluminium with an exemplary ecological balance. The AMAG components
division, headquartered in Übersee am Chiemsee (Germany), also
manufactures ready-to-install metal parts for the aerospace industry.

 

Investor contact Press contact
Mag. Christoph M. Gabriel, BSc MMag. Alexandra Hanischläger, MBA
Head of Investor Relations Head of Communications and Marketing
AMAG Austria Metall AG AMAG Austria Metall AG
Lamprechtshausener Straße 61 Lamprechtshausener Straße 61
5282 Ranshofen, Austria 5282 Ranshofen, Austria
Tel.: +43 (0) 7722-801-3821 Tel.: +43 (0) 7722-801-2673
Email: investorrelations@AMAG.at Email: publicrelations@AMAG.at

Website: www.amag.at

 

NOTE

The forecasts, plans and forward-looking assessments and statements
contained in this publication were made on the basis of all information
available to AMAG as of 16 February 2026. The economic and trade policy
environment has changed several times in recent months. Internal
calculations/earnings analyses are based on various assumptions. These
include, among other things, the continued validity of global US import
duties on aluminium products. If the assumptions underlying the forecasts
do not materialise, targets are not achieved or risks arise, actual
earnings may differ from those currently anticipated. We undertake no
obligation to update such forecasts in light of new information or future
events.

This publication has been prepared with the utmost care and the data has
been checked. However, rounding, transmission or printing errors cannot be
ruled out. In general, rounding may result in deviations in the values,
totals and percentages shown. AMAG and its representatives accept no
liability for the completeness and accuracy of the information contained
in this publication. This publication is also available in German, whereby
in case of doubt, the German version shall prevail.

This publication does not constitute a recommendation or invitation to buy
or sell AMAG securities.  

[3]^[1] WIFO, Economic Forecast 4/2025, December 2025

[4]^[2] CRU, Aluminium Market Outlook, October 2025; CRU, Aluminium Rolled
Products Market Outlook, November 2025

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27.02.2026 CET/CEST This Corporate News was distributed by [5]EQS Group

View original content: [6]EQS News

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Language: English
Company: AMAG Austria Metall AG
Lamprechtshausener Straße 61
5282 Ranshofen
Austria
Phone: +43 7722 801 0
Fax: +43 7722 809 498
E-mail: investorrelations@amag.at
Internet: www.amag-al4u.com
ISIN: AT00000AMAG3
WKN: A1JFYU
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich,
Stuttgart, Tradegate BSX; Vienna Stock Exchange (Official
Market)
EQS News ID: 2282156

 
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