Norsk Hydro: Strong Performance in Unstable Market Conditions

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Oct 24 2025

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Source: Newsfilter

Financial Performance: Hydro's adjusted EBITDA for Q3 2025 was NOK 5,996 million, a decline from NOK 7,367 million in Q3 2024, primarily due to lower alumina prices and a stronger NOK, despite increased primary and alumina volumes.
Strategic Initiatives: The company is implementing a strategic workforce and cost reduction program, aiming to streamline operations by reducing approximately 750 positions, which is expected to yield annual savings of NOK 1 billion from 2026 onwards.
Renewable Energy Commitment: Hydro has secured a long-term power contract for its Alouette smelter, ensuring renewable energy supply until 2045, which is crucial for its low-carbon aluminium strategy.
Legal Developments: A Dutch court dismissed all claims against Hydro related to environmental pollution, confirming that there was no overflow from bauxite residue deposits in 2018, thus clearing the company of the allegations.

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.