Alcoa Corp (AA): restructuring charge — Alcoa permanently closes Kwinana alumina refinery; records ~$890M charges

Alcoa Corp

Total restructuring charges of ~$890M ($623M after-tax, $2.41/share) in Q3 2025.
Charges include $425M for asset retirement/environmental remediation and $265M of asset impairments.
Total cash outlays expected ~$600M over six years; ~$75M in Q4 2025 (restructuring $45M, retirement $30M).
Refinery has 2.2M metric ton nameplate capacity; fully curtailed since June 2024; ~220 employees affected.
Demolition and remediation to begin in 2026, continuing over next six years.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Alcoa Corp announced a restructuring with charges of approximately $890 million ($623 million (after-tax), or $2.41 per share) affecting Kwinana alumina refinery located in Western Australia (approximately 220 employees).

Type: restructuring
Charge: approximately $890 million ($623 million (after-tax), or $2.41 per share)
Affected area: Kwinana alumina refinery located in Western Australia
Headcount: approximately 220 employees

Exact text from the filing

In the third quarter of 2025, the Company will record total restructuring and related charges of approximately $890 million ($623 million (after-tax), or $2.41 per share) related to the permanent closure of the Refinery, including approximately $375 million of non-cash impairment charges.

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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Alcoa Corp filing history →

Source: SEC EDGAR

accession 0001193125-25-223652

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