Norsk Hydro's Q3 Core Profit Falls Short of Expectations

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Oct 24 2025

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Source: Reuters

Norsk Hydro's Profit Decline: Norsk Hydro reported an 18.6% decrease in third-quarter core profit, falling to 6.0 billion crowns due to lower alumina prices and a stronger Norwegian crown, despite higher production volumes.
Analysts' Expectations: The company's adjusted earnings fell short of analysts' expectations, who had predicted a core profit of 6.36 billion crowns.
Impact of U.S. Tariffs: The reinstatement of U.S. tariffs on aluminium has disrupted trade flows, leading to record-high physical market premiums and increased costs for American buyers, while benefiting companies like Hydro in Europe.
European Demand Trends: European extrusion demand remained flat year-over-year in Q3 2025 but saw a 20% decrease compared to the previous quarter, attributed to seasonal factors.

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.