Novelis Q4 net loss $84M; Oswego fires hit shipments by 73kt; restart ahead of schedule

Novelis Inc.

Q4 net loss $84M vs net income $294M prior year; net income excl. special items $227M, down 13% YoY.
Adjusted EBITDA $459M (-3% YoY); rolled product shipments 844kt (-12% YoY); Adjusted EBITDA/tonne $544 (+10% YoY).
Full FY2026 net income $15M (-98% YoY); Adjusted EBITDA $1.6B (-9% YoY); estimated $104M negative impact from Oswego fires.
Oswego hot mill restart expected in coming weeks, ahead of prior end-June estimate; cold mill commissioning began at Bay Minette.
Net leverage ratio 4.1x; liquidity $2.8B ($1.3B cash + $1.5B credit facilities); CFO sees path to positive free cash flow by end FY2027.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Novelis Inc. reported fourth quarter of fiscal year 2026 results: net income Net loss attributable to our common shareholder was $84 million.

Period: fourth quarter of fiscal year 2026
Net income: Net loss attributable to our common shareholder was $84 million
Result: reported results

Exact text from the filing

Novelis Inc. issued a press release reporting the company’s financial results for its fiscal year ended March 31, 2026

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Novelis Inc. reported full fiscal year 2026 results: net income Net income attributable to our common shareholder of $15 million, down 98% YoY.

Period: full fiscal year 2026
Net income: Net income attributable to our common shareholder of $15 million, down 98% YoY
Result: reported results

Exact text from the filing

Novelis Inc. issued a press release reporting the company’s financial results for its fiscal year ended March 31, 2026

View on SEC.gov

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Source: SEC EDGAR

accession 0001304280-26-000016

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