VALCO achieves $1.4m turnaround as 1:4:4 shift system fuels revenue growth

The Volta Aluminium Company Limited (VALCO) has successfully returned to profitability, reporting a positive EBITDA of $1.4m for the first nine months of 2026. This turnaround follows a $13.08m negative EBITDA during the same period in 2025. Total revenue for the period reached $103.85m, a 13% increase from the $91.78m generated in the first nine months of 2025.

VALCO's financial success is attributed to the introduction of value-added manufacturing and the implementation of a 1:4:4 shift system, which has enhanced operational continuity and employee engagement. The company's first value-addition line, the Continuous Casting and Rolling (CCR) Electrical Grade Rod Mill, processes primary liquid aluminium into high-grade electrical rods for domestic use and export to Europe, aligning with Ghana's national value addition agenda.

VALCO's employee headcount has expanded to 848 by October 2026, up from 785 in December 2025, and the company projects that full potline restoration and downstream expansion will increase direct employment to 1,500 workers, while maintaining over 6,000 indirect jobs nationwide. Additionally, VALCO has secured equipment and resources to support its growth, including 16 lift trucks, two payloaders, two melting furnaces, and natural gas piping infrastructure.

The company aims to close October with 98 active reduction cells online, solidifying its path toward long-term profitability.