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Norsk Hydro Q2 2026 profits rise on higher aluminum prices and strong operations, plans Slovalco smelter restart.

Company Fundamentals
22 Jul 2026
GlobeNewsWire
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Bullish
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Norsk Hydro reported a strong Q2 2026 with adjusted EBITDA rising to NOK 8,923 million, driven by higher aluminum prices, product premiums, and improved recycling earnings. Despite challenges like lower energy production and a stronger Norwegian krone, the company increased adjusted earnings per share to NOK 2.2 and generated NOK 4 billion in free cash flow. A key development is the planned restart of the Slovalco smelter with 75,000 tonnes capacity in H2 2026, supported by a new long-term agreement with the Slovak government. Hydro continues to focus on renewable energy sourcing and expanding low-carbon aluminum products, positioning itself for growth amid Europe's industrial recovery and energy transition.

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