Norsk Hydro: Performance and capital discipline, supporting strong results

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Jul 22 2025

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Source: Yahoo Finance

Financial Performance: Hydro's adjusted EBITDA for Q2 2025 rose to NOK 7,790 million, driven by higher aluminium and energy prices, despite challenges from currency effects and increased raw material costs. The company generated NOK 5 billion in free cash flow and is reducing its capital expenditure target for 2025 by NOK 1.5 billion to ensure financial flexibility amid global market uncertainties.
Operational Adjustments: In response to market conditions, Hydro has implemented an external hiring freeze for white collar positions and initiated a review of workforce needs, while continuing recruitment for blue collar roles. The company aims to enhance operational efficiency and maintain financial strength, focusing on low-carbon aluminium demand and improving its sourcing portfolio amidst challenges in renewable energy supply.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.