Century Aluminum reversed prior losses to record a 30.2% increase in operating income to $158.1 million in 2025, backed by its diversified production footprint and long-term power supply agreements. Despite the net income declining by 87.6% due to restatements related to joint venture accounting and material control weaknesses, operational cash flow surged by 852%, reflecting improved earnings quality. The company faces ongoing risks from electrical power price volatility and commodity cycles but is investing heavily in sustainability and restart projects while maintaining disciplined capital structure management.