What is Alcoa's san ciprian smelter — restart costs?

Alcoa (AA) reported san ciprian smelter — restart costs of $3.75M in Q4 2025.

What does san ciprian smelter — restart costs mean?

These are the non-recurring expenses incurred to bring a previously idled or curtailed production facility back into operational status. Costs typically include equipment refurbishment, safety inspections, and labor training required to resume full-scale smelting activities. Monitoring these costs is essential for evaluating the efficiency of operational reactivation strategies.

Alcoa AA San Ciprian Smelter — Restart Costs

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Other financials

Income statement

See full

Revenue$4.0B+31.4%

Gross profit$999.0M+173%

Net income$407.0M+148%

EPS (diluted)$1.53+147%

Balance sheet

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Cash & equivalents$1.4B-10.7%

Total debt$2.2B-13.8%

Total equity$5.2B+21.3%

Total assets$16.9B+12.4%

Cash flow

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Operating cash flow$608.0M+24.6%

CapEx-$424.0M-424%

Free cash flow$184.0M-48.5%

Valuation

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Market cap$11.32B+45.1%

Enterprise value$12.19B+37.5%

P/E8.9×+1.1×

P/S0.8×+0.2×

Profitability

See full

Gross margin18.8%-1.4pp

Net margin9.4%+1.5pp

FCF margin4.6%+3.3pp

Returns & leverage

See full

Return on equity1.3%+0.7pp

Debt / equity0.5×+0.1×

Current ratio1.5×-0.1×

Where this comes from

Reported directly by Alcoa in its filing.

Tagged under the XBRL concept aa:RestartCosts.

The official record: Alcoa’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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What is Alcoa's san ciprian smelter — restart costs?: Alcoa (AA) reported san ciprian smelter — restart costs of $3.75M in Q4 2025.
What does san ciprian smelter — restart costs mean?: These are the non-recurring expenses incurred to bring a previously idled or curtailed production facility back into operational status. Costs typically include equipment refurbishment, safety inspections, and labor training required to resume full-scale smelting activities. Monitoring these costs is essential for evaluating the efficiency of operational reactivation strategies.