---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-246788"
form_type: "8-K"
ticker: "AA"
cik: "0001675149"
company_name: "Alcoa Corp"
filed_at: "2025-10-22T23:59:59+00:00"
generated_at: "2026-05-17T02:47:18.287380+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alcoa Q3 net income $232M but adjusted loss $0.02/share; Kwinana closure charge $895M

## Summary
- Revenue $3.0B (flat); net income $232M ($0.88 EPS) includes $895M restructuring charge for Kwinana closure and $786M gain on Ma'aden JV sale.
- Adjusted net loss $6M ($0.02/share); adjusted EBITDA $270M down $43M sequentially due to tariffs, asset retirement costs, currency.
- Alumina production up 4% to 2.5M tonnes; aluminum production up 1% to 579K tonnes; cash balance $1.5B.
- Massena smelter gets long-term energy contract with NYPA and $60M capital investment; gallium plant at Wagerup advances with govt support.
- Kwinana refinery permanently closed; term loan fully repaid ($74M); Australia mine approvals expected by end of 2026.

## SEC filing metadata
- accession: 0001193125-25-246788
- form_type: 8-K
- ticker: AA
- cik: 0001675149
- company_name: Alcoa Corp
- filed_at: 2025-10-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675149/000119312525246788/0001193125-25-246788-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675149/000119312525246788/aa-20251022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-246788
- JSON: https://secwatch.observer/filing/0001193125-25-246788.json
- Plain text: https://secwatch.observer/filing/0001193125-25-246788.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.