---
schema_version: "secwatch.filing_event.v1"
accession: "0001304280-26-000016"
form_type: "8-K"
ticker: null
cik: "0001304280"
company_name: "Novelis Inc."
filed_at: "2026-05-19T10:04:45+00:00"
generated_at: "2026-05-19T10:10:30.308972+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001304280-26-000016
- form_type: 8-K
- cik: 0001304280
- company_name: Novelis Inc.
- filed_at: 2026-05-19T10:04:45+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1304280/000130428026000016/0001304280-26-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1304280/000130428026000016/nvl-20260519.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001304280-26-000016
- JSON: https://secwatch.observer/filing/0001304280-26-000016.json
- Plain text: https://secwatch.observer/filing/0001304280-26-000016.txt

## Key facts
- Earnings Releases
  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
  source text: Novelis Inc. issued a press release reporting the company’s financial results for its fiscal year ended March 31, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1304280/000130428026000016/0001304280-26-000016-index.htm
- Earnings Releases
  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
  source text: Novelis Inc. issued a press release reporting the company’s financial results for its fiscal year ended March 31, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1304280/000130428026000016/0001304280-26-000016-index.htm

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