United Company Rusal’s shares advanced 1.0% to HK$3.12 on Wednesday, extending gains as aluminium prices surged amid supply constraints tied to geopolitical tensions.
The Russian aluminium giant reported adjusted net profit of $196 million for the six months ended June 30, 2026, a sharp rebound from a $194 million loss in the same period a year earlier. Revenue rose 10.9% to $8.34 billion, driven by higher aluminium prices and improved operational performance.
Rusal’s full-year 2025 results showed a net loss of $455 million, attributed to foreign exchange pressures, elevated debt-servicing costs, and the impact of Western sanctions. The company’s recent profitability recovery aligns with analyst expectations, supported by disruptions in aluminium supply linked to the U.S.-Israeli conflict with Iran.
Shipping constraints through the Strait of Hormuz and reduced Gulf-region output pushed London Metal Exchange prices higher, directly benefiting Rusal’s revenue mix. The company’s stock outpaced the Hang Seng index, which lagged as rising U.S. Treasury yields weighed on broader market sentiment.
United Company Rusal, chaired by Bernard Zonneveld, remains exposed to geopolitical and macroeconomic risks, including sanctions and volatile commodity markets. The latest financial results underscore the company’s resilience amid challenging operating conditions.
