Company: CENX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050200
Chunk: 71

Company: CENTURY ALUMINUM CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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8 million, higher power price realization of $67.4 million, higher other costs of $63.4 million including labor costs associated with higher headcounts, increased maintenance costs for non-recurring engineering projects, labor expenses associated with the Mt. Holly restart project and ramp up expenses related to the completed Grundartangi casthouse.

Selling, general and administrative expenses

Selling, general and administrative expenses increased by $3.9 million for the three months ended September 30, 2025, compared to the three months ended June 30, 2025, primarily driven by increased share-based compensation costs attributable higher share price, partially offset by reduced professional services.

Selling, general and administrative expenses increased by $2.4 million for the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024, primarily driven by increased share-based compensation costs attributable to higher share price, partially offset by reduced professional services.

Net loss on forward and derivative contracts - nonaffiliates

Net loss on forward and derivative contracts - nonaffiliates increased by $14.6 million for the three months ended September 30, 2025, compared to the three months ended June 30, 2025. The difference was primarily driven by fluctuations in the forward prices related to LME hedges.

Net loss on forward and derivative contracts - nonaffiliates increased by $46.9 million for the nine months ended September 30, 2025 as compared to the nine months ended September 30, 2024. The difference was primarily driven by increase in volume of and fluctuations in the forward prices related to MWP hedges.

Net gain on forward and derivative contracts - affiliates

Net gain on forward and derivative contracts - affiliates was zero for the three months ended September 30, 2025 and June 30, 2025, as there were no related party contracts executed during either period. We realized a net gain of $3.7 million for the nine months ended September 30, 2024, primarily driven by unrealized gains on LME hedges.

Loss on early extinguishment of debt

Loss on early extinguishment of debt was $6.2 million for the three and nine months ended September 30, 2025 due to the redemption of our Senior Secured Notes due 2028 (the "2028 Notes"). There was no loss on extinguishment of debt in 2024.

Bargain purchase gain