[Aptiv’s 2025 Results Hit a Record High, with Full-Year Revenue of $20.4 Billion] Recently, Aptiv released its 2025 financial results, with full-year revenue, adjusted operating income, and adjusted earnings per share all reaching record highs. Revenue reached $20.4 billion, up 3% YoY; adjusted operating income was $2.461 billion, adjusted EBITDA was $3.228 billion, and diluted earnings per share excluding special items reached $7.82.

Emirates Global Aluminium (EGA) released its 2025 performance report, showing that in 2025, the company's net profit (excluding GAC data) increased by 16% to US$1.34 billion, and core profit increased by 7% to US$2.53 billion, mainly due to the rise in the average real price of aluminum and the increase in total sales volume. EGA's EBITDA in 2025 was AED 9.28 billion (US$2.53 billion), compared to AED 8.69 billion (US$2.37 billion) in 2024. In 2025, EGA's foundry metal production reached a record high of 2.84 million tons, up from 2.77 million tons in 2024. In 2025, EGA's sales volume of low-carbon aluminum products increased by 70%, reaching approximately 196,000 tons.

EDP Renovaveis (EDPR) reported a 50% year-on-year increase in recurring net profit to €330 million for 2025, driven by a strategic pivot toward low-risk markets in the US and Europe. Recurring EBITDA rose 17% to €1.97 billion, beating its annual guidance. Despite robust operations—with generation up 11%—reported net income was weighed down by non-recurring charges, including impairments in Europe and the repowering of the Meadow Lake IV wind farm in the US. The company forecast a further EBITDA rise to €2.1 billion for 2026.

Spanish energy giant Iberdrola SA achieved a 12% year-on-year increase in net profit for 2025, reaching €6.29 billion. While lower energy prices in Europe weighed on its production and retail divisions, the company’s strategic shift toward power networks paid off, with regulated asset growth driving a 20.5% EBITDA surge in that sector. Supported by €14.46 billion in total investments, Iberdrola successfully offset market volatility. Looking forward, the utility anticipates continued growth from global electrification, forecasting net profits to exceed €6.6 billion in 2026.

Spanish utility Endesa SA surpassed its 2025 guidance with an 18% rise in ordinary net profit to €2.35 billion, driven by robust conventional generation and gas margins. Despite an 8.7% EBITDA increase to €5.76 billion, the company's renewable division struggled due to lower wind and solar volumes. Looking ahead, Endesa’s new 2026-2028 strategic plan signals a tactical shift; the utility intends to reduce overall renewable spending and pivot its generation mix toward wind power and energy storage, citing limited growth potential for solar in the current market environment.

Spanish stainless steel giant Acerinox S.A. has seen a surge in interest from US investors following resilient earnings and a confirmed dividend strategy. As the parent company of Kentucky-based North American Stainless (NAS), Acerinox is being positioned as a strategic "sleeper play" for its exposure to high-value special alloys critical to EV supply chains, data centers, and industrial reshoring. While the company remains a traditional cyclical player, its shift toward high-margin specialty products and a disciplined capex approach has allowed it to maintain solid EBITDA despite weak European demand. For US portfolios, it offers a diversified global alternative to domestic names like Nucor or Cleveland-Cliffs.

Pro-Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) from continuing operations of Vale in the fourth quarter of 2022 was $5.0 billion.

Vale reported proforma adjusted EBITDA from continued operations of US$ 3.7 billion in Q1, down US$ 2.7 billion y/y, mainly reflecting lower realized prices of iron ore fines and pellets, lower sales of iron ore fines and higher costs, according to its quarterly earnings report.

Novelis' fiscal year 2025 performance report shows that in fiscal year 2025, Novelis' net sales increased by 6% YoY to USD 17.1 billion, primarily driven by the rise in average aluminum prices and a 2% increase in total shipments of rolled products to 3.757 million mt. The growth in shipments was mainly attributed to record-high shipments of beverage packaging and an increase in shipments of aerospace products, although this growth was partially offset by a decline in shipments of specialty products and automotive products. In fiscal year 2025, Novelis' net income attributable to common shareholders increased by 14% YoY to USD 683 million, while adjusted EBITDA decreased by 4% to USD 1.8 billion. This was mainly due to the YoY increase in aluminum scrap prices, an unfavorable product mix, and rising operating costs, which were partially offset by an increase in total shipments and product price increases.

Sigma Lithium Continues Strong Operational Performance: Lithium Oxide Production Reaches 68,308 Tons, Exceeding Target by 26%; Cash Cost on a China Delivered Basis is $458 per Ton, and All-in Sustaining Cost is $622 per Ton, Optimized by 8% and 6% Respectively Compared to the Fiscal Year 2025 Target; Achieves EBITDA of $10 Million and Adjusted EBITDA of $11.4 Million, with Profit Margins Reaching 21% and 24% Respectively, and Revenue Increasing by 28% Compared to the First Quarter.