Q2 Fiscal Day 2026 Highlights
- Internet source of revenue on account of our familiar shareholder of $163 million, up 27% YoY; Internet source of revenue on account of our familiar shareholder with the exception of particular pieces was once $113 million, ailing 37% YoY
- Adjusted EBITDA of $422 million, ailing 9% YoY
- Rolled product shipments of 941 kilotonnes, in form with the prior yr length
- Adjusted EBITDA in step with tonne shipped of $448, ailing 8% YoY
- Be expecting to restart Oswego scorching mill in December 2025
ATLANTA, Nov. 4, 2025 /PRNewswire/ — Novelis Inc., a prominent sustainable aluminum answers supplier and the arena chief in aluminum rolling and recycling, lately reported effects for the second one quarter of fiscal yr 2026.
“Our second quarter financial performance was in line with our expectations for sequential improvement, reflecting solid execution in a continued dynamic environment,” mentioned Steve Fisher, president and CEO, Novelis Inc. “Demand for infinitely recyclable, lightweight aluminum continues to grow as a fundamental material in modern transportation, building and construction, packaging, and other end markets around the world. Our diverse global footprint will be further strengthened with the significant investment we are making in the U.S. to construct a state-of-the-art plant in Bay Minette to bring needed capacity to an undersupplied domestic market.”
2nd Quarter Fiscal Day 2026 Monetary Highlights
Internet gross sales for the second one quarter of fiscal yr 2026 greater 10% as opposed to the prior yr length to $4.7 billion, principally pushed through upper reasonable aluminum costs. Overall rolled product shipments of 941 kilotonnes have been in form with the prior yr length. Reasonably upper car and aerospace shipments have been offset through reduce beverage packaging and distinctiveness shipments.
Internet source of revenue on account of our familiar shareholder greater 27% as opposed to the prior yr to $163 million in the second one quarter of fiscal yr 2026, basically pushed through favorable steel value lag because of emerging reasonable native marketplace aluminum premiums, in addition to reduce fees related to the prior yr Sierre overpouring, in part offset through reduce working efficiency. Internet source of revenue on account of our familiar shareholder, with the exception of particular pieces, diminished 37% year-over-year to $113 million, and Adjusted EBITDA diminished 9% to $422 million in the second one quarter of fiscal yr 2026. Those decreases have been basically pushed through a internet destructive tariff affect and better aluminum scrap costs, in part offset through upper product pricing and value potency movements. Adjusted EBITDA in step with tonne was once ailing 8% year-over-year to $448.
Internet coins current equipped through working actions was once $411 million within the first six months of fiscal yr 2026. Adjusted separate coins current was once an outflow of $499 million within the first six months of fiscal yr 2026, in comparison to the prior yr length outflow of $345 million, as upper capital expenditures have been in part offset through internet coins current equipped through working actions. Overall capital expenditures greater 27% to $913 million for the primary six months of fiscal yr 2026, due basically to strategic investments in fresh rolling and recycling capability below building, maximum particularly within the U.S. for the Corporate’s fresh greenfield rolling and recycling plant in Bay Minette, Alabama.
“We are pleased with the progress we’re making in advancing our cost efficiency program to drive better margins in a challenging economic environment,” mentioned Dev Ahuja, government vp and CFO, Novelis Inc.
The Corporate had a internet leverage ratio (Adjusted Internet Debt / trailing three hundred and sixty five days (TTM) Adjusted EBITDA) of three.5x on the stop of the second one quarter of fiscal yr 2026. Overall liquidity stood at $2.9 billion as of September 30, 2025, consisting of $1.2 billion in coins and coins equivalents and $1.7 billion in availability below dedicated credit score amenities.
Replace on Hearth at Oswego Plant in September
On September 16, a fireplace destitute out on the Novelis plant in Oswego, Pristine York. Thankfully, nobody was once injured. Harm from the hearth was once basically localized to the new mill department. Groups were operating around-the-clock to revive operations at Oswego temporarily and safely, date leveraging supplementary assets to attenuate buyer disruption. In line with contemporary move, the Corporate now expects to restart the new mill in December 2025.
“We are grateful for the swift response and dedication of our teams, as well as the collaboration of our customers, industry peers, and equipment suppliers,” mentioned Fisher. “Despite this unexpected challenge, we remain confident in the strength of our business, the resilience of our team, and our ability to adapt and recover.”
2nd Quarter Fiscal Day 2026 Income Convention Name
Novelis will speak about its 2d quarter fiscal yr 2026 effects by the use of a reside webcast and convention name for traders at 7:00 a.m. EST/5:30 p.m. IST on Tuesday, November 4, 2025. The webcast hyperlink, presentation fabrics and get admission to data may also be discovered at novelis.com/traders. To view slides and concentrate to the reside webcast, talk over with: https://event.choruscall.com/mediaframe/webcast.html?webcastid=44IHuBXE. To take part through phone, contributors are asked to check in at: https://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13756524&linkSecurityString=1e5f9c98a4
About Novelis
Novelis Inc. is pushed through its goal of shaping a sustainable global in combination. We’re an international chief within the manufacturing of leading edge aluminum merchandise and answers and the arena’s biggest recycler of aluminum. Our ambition is to be the prominent supplier of low-carbon, sustainable aluminum answers and to reach an absolutely round economic system through partnering with our providers, in addition to our shoppers within the aerospace, car, beverage packaging and specialties industries all through North The usa, Europe, Asia and South The usa. Novelis had internet gross sales of $17.1 billion in fiscal yr 2025. Novelis is a subsidiary of Hindalco Industries Restricted, an business chief in aluminum and copper, and the metals flagship corporate of the Aditya Birla Staff, a multinational conglomerate primarily based in Mumbai. For more info, talk over with novelis.com.
Non-GAAP Monetary Measures
This information let fall and the presentation slides for the profits name include non-GAAP monetary measures as outlined through SEC laws. We consider those measures are useful to traders in measuring our monetary efficiency and liquidity and evaluating our efficiency to our friends. On the other hand, our non-GAAP monetary measures might not be related to in a similar fashion titled non-GAAP monetary measures impaired through alternative firms. Those non-GAAP monetary measures have obstacles as an analytical device and must now not be thought to be in isolation or as an alternative to GAAP monetary measures. To the level we speak about any non-GAAP monetary measures at the profits name, a reconciliation of each and every measure to probably the most at once related GAAP measure shall be to be had within the presentation slides, which will also be discovered at novelis.com/traders. As well as, the Method 8-Ok features a extra crystal clear description of each and every of those non-GAAP monetary measures, in conjunction with a dialogue of the virtue and goal of such measures.
Hooked up to this information let fall are tables appearing the condensed consolidated statements of operations, condensed consolidated stability sheets, condensed consolidated statements of money flows, reconciliation of Adjusted EBITDA, Adjusted EBITDA in step with Tonne, Adjusted Distant Money Stream, Adjusted Internet Leverage Ratio, Internet Source of revenue on account of our familiar shareholder with the exception of Particular Pieces, and area data.
Ahead-Having a look Statements
Statements made on this information let fall which describe Novelis’ intentions, expectancies, ideals or predictions could also be forward-looking inside the which means of securities rules. Ahead-looking statements come with statements preceded through, adopted through, or together with the phrases “believes,” “expects,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” or indistinguishable expressions. Examples of forward-looking statements on this information let fall are statements that call for for aluminum merchandise will keep growing; our world footprint shall be bolstered with the development of the Bay Minette facility; our value potency program will force higher margins; and our expectation to restart the Oswego scorching mill in December 2025. Novelis cautions that, through their nature, forward-looking statements contain possibility and suspicion and Novelis’ untouched effects may fluctuate materially from the ones expressed or implied in such statements. We don’t intend, and we deny any legal responsibility, to replace any forward-looking statements, whether or not because of fresh data, past occasions or another way.
Components that might motive untouched effects or results to fluctuate from the effects expressed or implied through forward-looking statements come with, amongst alternative issues: disruptions or adjustments within the trade or monetary status of our vital shoppers or the lack of their trade or relief of their necessities; affect of adjustments in industry insurance policies, fresh price lists, tasks and alternative industry measures; value and alternative modes of pageant from alternative aluminum rolled merchandise manufacturers and doable fresh marketplace entrants; the competitiveness of our end-markets, and the willingness of our buyer to simply accept substitutes for our merchandise, together with metal, plastics, composite fabrics and glass; our failure to appreciate the predicted advantages of strategic investments; will increase in the associated fee or volatility within the availability of number one aluminum, scrap aluminum, sheet ingot, or alternative uncooked fabrics impaired within the manufacturing of our merchandise; dangers matching to the energy-intensive nature of our operations, together with will increase to calories prices or disruptions to our calories provides; downturns within the car and field transportation industries or adjustments in client call for; union disputes and alternative worker family members problems; the affect of work disputes and moves on our shoppers; lack of our key control and alternative body of workers, or an incapability to draw and accumulation such control and alternative body of workers; unplanned disruptions at our working amenities, together with because of antagonistic climate phenomena or fires; financial suspicion, capital markets disruption and provide chain interruptions; surprising affect of folk condition crises on our trade, providers, and shoppers; dangers in relation to positive joint ventures, subsidiaries and belongings that we don’t completely keep watch over; dangers matching to fluctuations in freight prices; dangers matching to emerging inflation and extended sessions of increased rates of interest; dangers matching to timing variations between the costs we pay below acquire words and steel costs we rate our shoppers; a deterioration of our monetary status, a downgrade of our rankings through a credit standing company or alternative components which might restrict our skill to go into into, or build up our prices of, financing and hedging transactions; possibility of emerging debt carrier responsibilities matching to variable fee indebtedness; antagonistic adjustments in foreign money trade charges; our incapability to transact in by-product tools, or our incapability to adequately hedge our publicity to value fluctuations below by-product tools, or a failure of counterparties to our by-product tools to honor their promise; an antagonistic subside within the legal responsibility cut price fee, lower-than-expected funding go back on pension belongings; impairments to our approbation, alternative intangible belongings, and alternative long-lived belongings; tax expense, tax liabilities or tax compliance prices; dangers matching to the working and fiscal restrictions imposed on us through the covenants in our credit score amenities and the indentures governing our Senior Notes; cybersecurity assaults in opposition to, disruptions, screw ups or safety breaches and alternative disruptions to our data generation networks and techniques; dangers of failing to conform to federal, circumstance and overseas rules and laws and business requirements in relation to privateness, information coverage, promoting and client coverage; our incapability to give protection to our highbrow feature, the confidentiality of our technology, industry secrets and techniques, generation, and alternative proprietary data; dangers matching to our world operations, together with the affect of advanced and stringent rules and govt laws; dangers matching to world situation alternate, together with felony, regulatory or marketplace responses to such alternate; dangers matching to a extensive length of environmental, condition and protection rules and laws; and dangers matching to doable felony court cases or investigations. The above checklist of things isn’t exhaustive. Alternative notable components are mentioned below the captions “Risk Factors” and “Management’s Discussion and Analysis” in our Annual Record on Method 10-Ok for the fiscal yr ended March 31, 2025 and because the similar could also be up to date from era to era in our quarterly reviews on Method 10-Q, or in alternative reviews which we from era to era document with the SEC.
|
Novelis Inc. |
|||||||
| |
|||||||
| |
3 Months Ended September 30, |
|
Six Months Ended September 30, |
||||
|
(in hundreds of thousands) |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
Internet gross sales |
$ 4,744 |
|
$ 4,295 |
|
$ 9,461 |
|
$ 8,482 |
|
Value of products bought (unique of depreciation and amortization) |
4,028 |
|
3,610 |
|
8,104 |
|
7,091 |
|
Promoting, common and administrative bills |
173 |
|
183 |
|
348 |
|
364 |
|
Depreciation and amortization |
152 |
|
141 |
|
300 |
|
281 |
|
Hobby expense and amortization of debt issuance prices |
68 |
|
72 |
|
135 |
|
144 |
|
Analysis and building bills |
24 |
|
25 |
|
46 |
|
50 |
|
Loss on extinguishment of debt, internet |
3 |
|
— |
|
3 |
|
— |
|
Restructuring and impairment bills, internet |
31 |
|
21 |
|
116 |
|
40 |
|
Fairness in internet source of revenue of non-consolidated associates |
(5) |
|
(2) |
|
(6) |
|
(3) |
|
Alternative bills, internet |
46 |
|
65 |
|
45 |
|
125 |
| |
4,520 |
|
4,115 |
|
9,091 |
|
8,092 |
|
Source of revenue prior to source of revenue tax provision |
224 |
|
180 |
|
370 |
|
390 |
|
Source of revenue tax provision |
61 |
|
51 |
|
111 |
|
111 |
|
Internet source of revenue |
163 |
|
129 |
|
259 |
|
279 |
|
Internet source of revenue on account of noncontrolling hobby |
— |
|
1 |
|
— |
|
— |
|
Internet source of revenue on account of our familiar shareholder |
$ 163 |
|
$ 128 |
|
$ 259 |
|
$ 279 |
|
Novelis Inc. |
|||
| |
|||
|
(in hundreds of thousands, except for collection of stocks) |
September 30, |
|
March 31, |
|
ASSETS |
|
|
|
|
Wave belongings: |
|
|
|
|
Money and coins equivalents |
$ 1,157 |
|
$ 1,036 |
|
Accounts receivable, internet |
|
|
|
|
— 3rd events (internet of allowance for uncollectible accounts of $7 as of September 30, 2025, |
2,013 |
|
2,073 |
|
— matching events |
163 |
|
136 |
|
Inventories |
3,403 |
|
3,054 |
|
Pay as you go bills and alternative flow belongings |
240 |
|
234 |
|
Truthful worth of by-product tools |
74 |
|
176 |
|
Property held on the market |
20 |
|
6 |
|
Overall flow belongings |
7,070 |
|
6,715 |
|
Quality, plant and kit, internet |
7,593 |
|
6,851 |
|
Approbation |
1,079 |
|
1,074 |
|
Intangible belongings, internet |
478 |
|
509 |
|
Funding in and advances to non–consolidated associates |
992 |
|
912 |
|
Deferred source of revenue tax belongings |
176 |
|
188 |
|
Alternative long-term belongings |
|
|
|
|
— 3rd events |
300 |
|
263 |
|
— matching events |
5 |
|
3 |
|
Overall belongings |
$ 17,693 |
|
$ 16,515 |
|
LIABILITIES AND SHAREHOLDER’S EQUITY |
|
|
|
|
Wave liabilities: |
|
|
|
|
Wave portion of long-term debt |
$ 35 |
|
$ 32 |
|
Shorten-term borrowings |
527 |
|
348 |
|
Accounts payable |
|
|
|
|
— 3rd events |
3,761 |
|
3,687 |
|
— matching events |
308 |
|
275 |
|
Truthful worth of by-product tools |
144 |
|
106 |
|
Liabilities held on the market |
12 |
|
— |
|
Amassed bills and alternative flow liabilities |
614 |
|
666 |
|
Overall flow liabilities |
5,401 |
|
5,114 |
|
Lengthy-term debt, internet of flow portion |
6,324 |
|
5,773 |
|
Deferred source of revenue tax liabilities |
288 |
|
295 |
|
Amassed postretirement advantages |
539 |
|
534 |
|
Alternative long-term liabilities |
297 |
|
284 |
|
Overall liabilities |
12,849 |
|
12,000 |
|
Constancy and contingencies |
|
|
|
|
Shareholder’s fairness |
|
|
|
|
Regular keep, incorrect par worth; limitless collection of stocks licensed; 600,000,000 stocks issued |
— |
|
— |
|
Supplementary paid-in capital |
1,073 |
|
1,108 |
|
Retained profits |
4,014 |
|
3,755 |
|
Accrued alternative complete loss |
(253) |
|
(358) |
|
Overall fairness of our familiar shareholder |
4,834 |
|
4,505 |
|
Noncontrolling hobby |
10 |
|
10 |
|
Overall fairness |
4,844 |
|
4,515 |
|
Overall liabilities and fairness |
$ 17,693 |
|
$ 16,515 |
|
Novelis Inc. |
|||
| |
|||
| |
Six Months Ended September 30, |
||
|
(in hundreds of thousands) |
2025 |
|
2024 |
|
OPERATING ACTIVITIES |
|
|
|
|
Internet source of revenue |
$ 259 |
|
$ 279 |
|
Changes to decide internet coins equipped through working actions: |
|
|
|
|
Depreciation and amortization |
300 |
|
281 |
|
Loss (achieve) on unrealized derivatives and alternative discovered derivatives in making an investment actions, internet |
38 |
|
(46) |
|
Loss on sale of belongings, internet |
3 |
|
2 |
|
Non-cash restructuring and impairment fees |
69 |
|
33 |
|
Loss on extinguishment of debt, internet |
3 |
|
— |
|
Deferred source of revenue taxes, internet |
22 |
|
— |
|
Fairness in internet source of revenue of non-consolidated associates |
(6) |
|
(3) |
|
Loss on foreign currency echange remeasurement of debt |
18 |
|
15 |
|
Amortization of debt issuance prices and sporting worth changes |
8 |
|
6 |
|
Non-cash fees matching to Sierre flood |
— |
|
42 |
|
Non-cash fees matching to Oswego hearth |
11 |
|
— |
|
Alternative, internet |
— |
|
2 |
|
Adjustments in belongings and liabilities together with belongings and liabilities held on the market: |
|
|
|
|
Accounts receivable |
105 |
|
(202) |
|
Inventories |
(251) |
|
(289) |
|
Accounts payable |
(61) |
|
341 |
|
Alternative belongings |
(21) |
|
21 |
|
Alternative liabilities |
(86) |
|
(108) |
|
Internet coins equipped through working actions |
$ 411 |
|
$ 374 |
|
INVESTING ACTIVITIES |
|
|
|
|
Capital expenditures |
$ (913) |
|
$ (717) |
|
Outflows from funding in and advances to non-consolidated associates, internet |
(3) |
|
(7) |
|
Outflows from the agreement of by-product tools, internet |
(17) |
|
(1) |
|
Proceeds from insurance coverage claims |
18 |
|
— |
|
Alternative |
5 |
|
6 |
|
Internet coins impaired in making an investment actions |
$ (910) |
|
$ (719) |
|
FINANCING ACTIVITIES |
|
|
|
|
Proceeds from issuance of long-term and non permanent borrowings |
$ 1,378 |
|
$ 64 |
|
Essential bills of long-term and non permanent borrowings |
(817) |
|
(68) |
|
Revolving credit score amenities and alternative, internet |
99 |
|
106 |
|
Debt issuance prices |
(23) |
|
— |
|
Go back of capital to our familiar shareholder |
(35) |
|
— |
|
Internet coins equipped through financing actions |
$ 602 |
|
$ 102 |
|
Internet build up (scale down) in coins, coins equivalents and limited coins |
103 |
|
(243) |
|
Impact of trade fee adjustments on coins |
18 |
|
2 |
|
Money, coins equivalents and limited coins — starting of length |
1,041 |
|
1,322 |
|
Money, coins equivalents and limited coins — stop of length |
$ 1,162 |
|
$ 1,081 |
| |
|
|
|
|
Money and coins equivalents |
$ 1,157 |
|
$ 1,071 |
|
Limited coins (integrated in alternative long-term belongings) |
5 |
|
10 |
|
Money, coins equivalents and limited coins — stop of length |
$ 1,162 |
|
$ 1,081 |
|
Re conciliation of Adjusted EBITDA to Internet Source of revenue Resulting from our Regular Shareholder (unaudited) |
|||||||||||
| |
|||||||||||
|
Please see desk reconciles Adjusted EBITDA, a non-GAAP monetary measure, to internet source of revenue on account of our familiar shareholder. |
|||||||||||
| |
|||||||||||
| |
3 Months Ended September 30, |
|
Six Months Ended September 30, |
|
Day Ended |
|
TTM Ended(1) |
||||
|
(in hundreds of thousands) |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
March 31, 2025 |
|
September 30, |
|
Internet source of revenue on account of our familiar shareholder |
$ 163 |
|
$ 128 |
|
$ 259 |
|
$ 279 |
|
$ 683 |
|
$ 663 |
|
Internet source of revenue on account of noncontrolling pursuits |
— |
|
1 |
|
— |
|
— |
|
— |
|
— |
|
Source of revenue tax provision |
61 |
|
51 |
|
111 |
|
111 |
|
159 |
|
159 |
|
Hobby, internet |
63 |
|
67 |
|
125 |
|
131 |
|
252 |
|
246 |
|
Depreciation and amortization |
152 |
|
141 |
|
300 |
|
281 |
|
575 |
|
594 |
|
EBITDA |
$ 439 |
|
$ 388 |
|
$ 795 |
|
$ 802 |
|
$ 1,669 |
|
$ 1,662 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Adjustment to reconcile proportional consolidation |
$ 13 |
|
$ 12 |
|
$ 27 |
|
$ 25 |
|
$ 47 |
|
$ 49 |
|
Unrealized losses (positive factors) on alternate in truthful worth of by-product tools, internet |
29 |
|
(9) |
|
37 |
|
(16) |
|
(57) |
|
(4) |
|
Learned (positive factors) losses on by-product tools now not integrated in Adjusted EBITDA |
(3) |
|
3 |
|
(6) |
|
5 |
|
5 |
|
(6) |
|
Loss on extinguishment of debt, internet |
3 |
|
— |
|
3 |
|
— |
|
7 |
|
10 |
|
Restructuring and impairment bills, internet(2) |
31 |
|
21 |
|
116 |
|
40 |
|
53 |
|
129 |
|
Loss on sale or disposal of belongings, internet |
1 |
|
1 |
|
3 |
|
2 |
|
4 |
|
5 |
|
Steel value lag |
(129) |
|
(21) |
|
(198) |
|
(14) |
|
(69) |
|
(253) |
|
Sierre overpouring losses, internet of cures(3) |
2 |
|
61 |
|
8 |
|
101 |
|
105 |
|
12 |
|
Oswego hearth losses, internet of cures(4) |
21 |
|
— |
|
21 |
|
— |
|
— |
|
21 |
|
Get started-up prices(5) |
8 |
|
— |
|
13 |
|
— |
|
— |
|
13 |
|
Alternative, internet |
7 |
|
6 |
|
19 |
|
17 |
|
38 |
|
40 |
|
Adjusted EBITDA |
$ 422 |
|
$ 462 |
|
$ 838 |
|
$ 962 |
|
$ 1,802 |
|
$ 1,678 |
| |
|
|
|
|
|
|
|
(1) |
The quantities within the TTM column are calculated through taking the quantities for the yr ended March 31, 2025, subtracting the quantities for the six months ended September 30, 2024, and including the quantities for the six months ended September 30, 2025. |
|||||
|
(2) |
Restructuring and impairment bills, internet for the 3 and 6 months ended September 30, 2025 come with $28 million and $111 million, respectively, matching to the 2025 Potency Plan. |
|||||
|
(3) |
Sierre overpouring losses, internet of cures relate to non-recurring non-operating fees from outstanding flood at our Sierre, Switzerland plant in June 2024, brought about through unparalleled fat drizzle, internet of the matching feature insurance coverage cures. |
|||||
|
(4) |
Oswego hearth losses, internet of cures relate to non-recurring non-operating fees from a vital hearth at our Oswego, Pristine York plant in September 2025. |
|||||
|
(5) |
Get started-up prices are matching to the development of a rolling and recycling plant in Bay Minette, Alabama. All of those prices are integrated in Promoting, common and administrative bills. |
|||||
|
Please see desk gifts the calculation of Adjusted EBITDA in step with tonne. |
|||
| |
|||
| |
3 Months Ended September 30, |
||
| |
2025 |
|
2024 |
|
Adjusted EBITDA (in hundreds of thousands) (numerator) |
$ 422 |
|
$ 462 |
|
Rolled product shipments (in kt) (denominator) |
941 |
|
945 |
|
Adjusted EBITDA in step with tonne |
$ 448 |
|
$ 489 |
|
Adjusted Distant Money Stream (unaudited) |
|||
| |
|||
|
Please see desk reconciles Adjusted Distant Money Stream and Adjusted Distant Money Stream, non-GAAP monetary measures, to internet coins equipped through working actions – proceeding operations. |
|||
| |
|||
| |
Six Months Ended September 30, |
||
|
(in hundreds of thousands) |
2025 |
|
2024 |
|
Internet coins equipped through working actions(1) |
$ 411 |
|
$ 374 |
|
Internet coins impaired in making an investment actions(1) |
(910) |
|
(719) |
|
Adjusted Distant Money Stream |
$ (499) |
|
$ (345) |
| |
|
|
|
|
|
|
|
(1) |
For the six months ended September 30, 2025 and 2024, the Corporate didn’t have any coins flows from discontinued operations in working actions or making an investment actions. |
|||||
|
Internet Leverage Ratio (unaudited) |
|||
| |
|||
|
Please see desk reconciles long-term debt, internet of flow portion to Adjusted Internet Debt. |
|||
| |
|||
|
(in hundreds of thousands) |
September 30, |
|
March 31, |
|
Lengthy–expression debt, internet of flow portion |
$ 6,324 |
|
$ 5,773 |
|
Wave portion of long-term debt |
35 |
|
32 |
|
Shorten-term borrowings |
527 |
|
348 |
|
Unamortized sporting worth changes |
70 |
|
59 |
|
Money and coins equivalents |
(1,157) |
|
(1,036) |
|
Adjusted Internet Debt |
$ 5,799 |
|
$ 5,176 |
|
Please see desk presentations the calculation of the Internet Leverage Ratio (in hundreds of thousands, except for for the Internet Leverage Ratio). |
|||
| |
|||
| |
September 30, |
|
March 31, |
|
Adjusted Internet Debt (numerator) |
$ 5,799 |
|
$ 5,176 |
|
TTM Adjusted EBITDA (denominator) |
$ 1,678 |
|
$ 1,802 |
|
Internet Leverage Ratio |
3.5 |
|
2.9 |
|
Reconciliation of Internet Source of revenue Resulting from our Regular Shareholder, With the exception of Particular Pieces to Internet Source of revenue Resulting from our Regular Shareholder (unaudited) |
|||||||
| |
|||||||
|
Please see desk gifts internet source of revenue on account of our familiar shareholder with the exception of particular pieces, a non-GAAP monetary measure. We alter for pieces which might recur in various magnitude which impact the comparison of the operational result of our underlying trade. |
|||||||
| |
|||||||
| |
3 Months Ended September 30, |
|
Six Months Ended September 30, |
||||
|
(in hundreds of thousands) |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
Internet source of revenue on account of our familiar shareholder |
$ 163 |
|
$ 128 |
|
$ 259 |
|
$ 279 |
|
Particular Pieces: |
|
|
|
|
|
|
|
|
Loss on extinguishment of debt, internet |
3 |
|
— |
|
3 |
|
— |
|
Steel value lag |
(129) |
|
(21) |
|
(198) |
|
(14) |
|
Restructuring and impairment bills, internet |
31 |
|
21 |
|
116 |
|
40 |
|
Sierre overpouring losses, internet of cures(1) |
2 |
|
61 |
|
8 |
|
101 |
|
Oswego hearth losses, internet of cures(2) |
21 |
|
— |
|
21 |
|
— |
|
Get started-up prices(3) |
8 |
|
— |
|
13 |
|
— |
|
Tax impact on particular pieces |
14 |
|
(10) |
|
7 |
|
(23) |
|
Internet source of revenue on account of our familiar shareholder, with the exception of particular pieces |
$ 113 |
|
$ 179 |
|
$ 229 |
|
$ 383 |
| |
|
|
|
|
|
|
|
(1) |
Sierre overpouring losses, internet of cures relate to non-recurring non-operating fees from outstanding flood at our Sierre, Switzerland plant in June 2024 brought about through unparalleled fat drizzle, internet of the matching feature insurance coverage cures. |
|||||
|
(2) |
Oswego hearth losses, internet of cures relate to non-recurring non-operating fees from a vital hearth at our Oswego, Pristine York plant in September 2025. |
|||||
|
(3) |
Get started-up prices are matching to the development of a rolling and recycling plant in Bay Minette, Alabama. All of those prices are integrated in Promoting, common and administrative bills. |
|||||
|
Section Data (unaudited) |
||||||||||||
| |
||||||||||||
|
Please see tables provide decided on area monetary data (in hundreds of thousands, except for shipments which can be in kilotonnes). |
||||||||||||
| |
||||||||||||
|
Decided on Working Effects 3 Months Ended September 30, 2025 |
|
North |
|
Europe |
|
Asia |
|
South |
|
Eliminations |
|
Overall |
|
Adjusted EBITDA |
|
$ 134 |
|
$ 81 |
|
$ 99 |
|
$ 108 |
|
$ — |
|
$ 422 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Shipments (in kt) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Rolled merchandise – 3rd celebration |
|
369 |
|
260 |
|
170 |
|
142 |
|
— |
|
941 |
|
Rolled merchandise – intersegment |
|
— |
|
1 |
|
52 |
|
17 |
|
(70) |
|
— |
|
Overall rolled merchandise |
|
369 |
|
261 |
|
222 |
|
159 |
|
(70) |
|
941 |
| |
||||||||||||
|
Decided on Working Effects 3 Months Ended September 30, 2024 |
|
North |
|
Europe |
|
Asia |
|
South |
|
Eliminations |
|
Overall |
|
Adjusted EBITDA |
|
$ 185 |
|
$ 63 |
|
$ 91 |
|
$ 122 |
|
$ 1 |
|
$ 462 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Shipments (in kt) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Rolled merchandise – 3rd celebration |
|
395 |
|
233 |
|
159 |
|
158 |
|
— |
|
945 |
|
Rolled merchandise – intersegment |
|
1 |
|
— |
|
39 |
|
4 |
|
(44) |
|
— |
|
Overall rolled merchandise |
|
396 |
|
233 |
|
198 |
|
162 |
|
(44) |
|
945 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Decided on Working Effects Six Months Ended September 30, 2025 |
|
North |
|
Europe |
|
Asia |
|
South |
|
Eliminations |
|
Overall |
|
Adjusted EBITDA |
|
$ 267 |
|
$ 151 |
|
$ 192 |
|
$ 227 |
|
$ 1 |
|
$ 838 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Shipments (in kt) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Rolled merchandise – 3rd celebration |
|
758 |
|
522 |
|
334 |
|
290 |
|
— |
|
1,904 |
|
Rolled merchandise – intersegment |
|
— |
|
1 |
|
103 |
|
25 |
|
(129) |
|
— |
|
Overall rolled merchandise |
|
758 |
|
523 |
|
437 |
|
315 |
|
(129) |
|
1,904 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Decided on Working Effects Six Months Ended September 30, 2024 |
|
North |
|
Europe |
|
Asia |
|
South |
|
Eliminations |
|
Overall |
|
Adjusted EBITDA |
|
$ 368 |
|
$ 153 |
|
$ 183 |
|
$ 254 |
|
$ 4 |
|
$ 962 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Shipments (in kt) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Rolled merchandise – 3rd celebration |
|
783 |
|
494 |
|
318 |
|
301 |
|
— |
|
1,896 |
|
Rolled merchandise – intersegment |
|
1 |
|
2 |
|
74 |
|
15 |
|
(92) |
|
— |
|
Overall rolled merchandise |
|
784 |
|
496 |
|
392 |
|
316 |
|
(92) |
|
1,896 |
SOURCE Novelis Inc.
