Gross Earnings
Gross earnings in the local bauxite/alumina sector amounted to US$151.57 million in Q3 2025, down 4.5% from Q2 and 12.9% lower than Q3 2024. The quarterly decline reflects weaker market prices and softer export volumes, which offset gains from earlier in the year. Despite this downturn, year-to-date gross earnings stood at US$512.52 million, virtually unchanged from the same period in 2024 (−0.1%), supported by strong Q1 performance.
Net Earnings
Net earnings aggregated to ~US$84.01 million in Q3 2025, reflecting a marginal 0.4% quarterly gain and a robust 35.4% rise YoY, driven by sustained growth in local cost inflows (+0.5% QoQ; +35.7% YoY). Royalty payments declined 9.8% from Q2 but remained 9.5% higher than the corresponding period a year ago. Year-to-date net earnings amounted to US$246.63 million, up 24.3% compared to Q3 2024, underscoring sustained profitability despite market headwinds.
Total Receipts (US$ ‘000) – Local Bauxite/Alumina Sector
| Categories | Q2 2025 | Q3 2025 | % Change Q3 vs Q2 | Q3 2024 | % Change 2025/2024 |
|---|---|---|---|---|---|
| Income Tax | 0 | 0 | – | 0 | – |
| Royalty | 776 | 700 | -9.8% | 640 | 9.5% |
| Minimal Profit-Sharing Payment | 0 | 0 | – | 0 | – |
| Balance of Profit-Sharing Payment | 0 | 0 | – | 0 | – |
| Levy | 0 | 0 | – | 0 | – |
| Legacy Payments | 0 | 0 | – | 0 | – |
| Local Cost Inflows | 82,871 | 83,309 | 0.5% | 61,389 | 35.7% |
| NET EARNED | 83,647 | 84,009 | 0.4% | 62,028 | 35.4% |
| GR. EARNED | 158,696 | 151,572 | -4.5% | 174,048 | -12.9% |
| NET YTD | 246,629 | 198,402 | 24.3% | ||
| GROSS YTD | 512,518 | 512,795 | -0.1% |
