Company: CENX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050200
Chunk: 7

Company: CENTURY ALUMINUM CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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million driven by increases in the Midwest Premium and favorable raw material price realization of $16.0 million, partially offset by unfavorable volume and sales mix of $9.0 million, unfavorable power price realization of $8.7 million and unfavorable other costs of $3.7 million including increased maintenance and supply costs and labor costs associated with the Mt. Holly restart project.

Gross profit increased by $55.4 million for the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024, primarily due to favorable metal price realization of $267.7 million, partially offset by unfavorable raw material price realization of $71.8 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