VALCO Revenue Rises 13% Despite Production Shortfall
Robert Makila Sambian Volta Aluminium Company Limited (VALCO) has recorded a significant turnaround in its financial performance for the year to September 2026, posting a positive EBITDA of $1.4 Read More... The post VALCO Revenue Rises 13% Despite Production Shortfall appeared first on DailyGuide Network .
Robert Makila Sambian, Chief Executive Officer of Volta Aluminium Company Limited (VALCO), announced a 13% year-over-year revenue increase to $103.85 million as of September 2026, despite a production shortfall. The company produced 29,596 metric tonnes (mt), 25.7% less than its 39,813 mt target. The shortfall was due to the June 29, 2026 national grid collapse, which reduced operating cells from 124 to 90.
Despite the lower production, revenue grew by 13% compared to the previous year's $91.78 million, driven by improved pricing and a shift in the business model from primary aluminium to value-added products. The average LME price was $3,288 per tonne, up 29% from 2025, and the average total cost per tonne was $3,814, while the cash cost was $3,470.
VALCO has injected new equipment, including lifting trucks, furnaces, and cranes, under favourable deferred payment terms. The company aims to transform into Africa's largest single-site smelter, with a phased investment plan totaling $6.5 billion.
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