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Alro S.A.

Quarterly Report Jul 18, 2025

2283_iss_2025-07-18_fcff520b-aec1-493a-ac46-eba1f8ac55bf.pdf

Quarterly Report

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To: Financial Supervisory Authority Bucharest Stock Exchange

Current report in compliance with the stipulations of the Law no. 24/2017 (republished) and of the FSA Regulation no. 5/2018 (subsequently amended and updated) regarding the Issuers of financial instruments and market operations

Date of report: 18 July 2025 Name of issuer: Alro S.A. Headquarters: Slatina, 116 Pitesti Street, Olt County Telephone/ fax number: +40 249 431 901 / +40 249 437 500 Sole registration number at the Trade Register Office: RO 1515374 Trade Register Number: J1991000008282 The European Unique Identifier (EUID): ROONRCJ1991000008282 Legal Entity Identifier (LEI): 5493008G6W6SORM2JG98 Subscribed and paid-in share capital: 356,889,567.5 RON Regulated market on which the issued shares are traded: Bucharest Stock ExchangePremium Tier Category (market symbol: ALR)

We hereby inform all persons who may be interested about the following important event to be reported:

ALRO Group publishes its Trading Update Q2 2025

Slatina, 18 July 2025 – ALRO S.A. (BSE: ALR, "the Company" or "ALRO"), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, publishes today the Trading Update Q2 2025, which provides preliminary basic information on the economic environment and key operational indicators of ALRO Group for the quarter that ended June 30, 2025 ("Q2 2025").

The Half-Year Report for the six-month period ending 30 June 2025 i.e. 1 January - 30 June 2025 ("2025 Half-Year") will be published on Tuesday, 12 August 2025, and the Company's representatives will hold the Financial Results Conference Call on Thursday, 14 August 2025.

The information contained in this Trading Update may be subject to change and may differ from the figures in the quarterly/half-yearly/annual report.

The Trading Update Q2 2025 is available in a separate document on the Company's website, Investor Relations category, Financial reporting section:https://www.alro.ro/en/investor-relations/reports

Marian-Daniel NĂSTASE Marin CILIANU

Chairman of the Board of Directors Chief Executive Officer

ALRO S.A. 116 Pitesti Street Phone: +(40) 249 431 901 [email protected]

For further information, please contact:

Florenta Ghita

Bucuresti

Phone: +40 744 644 004

E-mail: [email protected]

Notes to the Editor:

ALRO Group

The companies part of ALRO Group are: ALRO S.A. – manufacturer of aluminium, ALUM S.A. – producer of alumina, Vimetco Extrusion S.R.L. – extrusion business line, Conef S.A. – holding and management company, Vimetco Trading – aluminium sales, Stocare Energie S.A. – electricity production, CCGT- Power Isalnitaassociate and Stocare Energie Tulcea (SET Tulcea S.A.) - associate.

ALRO

ALRO is a subsidiary of Vimetco PLC (Republic of Cyprus), a global, vertically-integrated primary and processed aluminium producer. The structure of ALRO shareholders is: Vimetco PLC (54.19%), Paval Holding (23.21%), Fondul Proprietatea (10.21%) and others (12.39%). In accordance with legal, European and national provisions, the beneficial owner of Vimetco PLC funds, the majority shareholder, is a natural person from Israel, of Israeli nationality, initially registered with the Trade Register with Declaration No. 28078 of 22.10.2020, entered in the register of beneficial owners on 22.10.2020, and current with Declaration No. 920 of 18.01.2023, entered in the register of beneficial owners on 18.01.2023.

ALRO is one of the largest vertically integrated aluminium producers in Europe, by production capacity, with a production capacity of 265,000 tpa of electrolytic aluminium, an Eco-Recycling capacity 100,000 tpa, resulting in a production of recycled liquid aluminium of 94,000 tpa. The capacity of the Aluminium Cast House is 313,000 tpa and the processing capacity is 140,000 tpa of cold and hot rolled facilities and extrusion division.

The main market for ALRO products is represented by the European Union; the Company exports its products to the USA and to the Asia as well. ALRO is ISO 9001 certified for quality management and has NADCAP and EN 9100 certifications for aeronautical production organizations, ALRO products adhere to the quality standards for primary aluminium on the LME, as well as international standards for flat rolled products.

Since 2020, ALRO and Vimetco Extrusion have been members of ASI (Aluminium Stewardship Initiative), an international association that contributes to enhancing sustainability in the global aluminium sector. In 2023, ALRO and Vimetco Extrusion achieved the certification under ASI's Third version of Performance Standards.

ALRO GROUP Q2/2025 Trading Update 18 July 2025

This Trading Update provides basic preparatory information on the economic environment of ALRO Group's key performance indicators for the quarter that ended on 30 June 2025 ("Q2 2025").

The Half-Year Report for the six-month period ending 30 June 2025 i.e. 1 January - 30 June 2025 ("2025 Half-Year") will be published on Tuesday, 12 August 2025, and the Company's representatives will hold the Financial Results Conference Call on Thursday, 14 August 2025.

The information contained in this trading update may be subject to change and may differ from the numbers of the quarterly/ half-year/ annual report.

Economic Environment Indicators

Indicator Q2/24 Q3/24 Q4/24 Q1/25 Q2/25
Average LME 3M USD/tonne 2,562 2,421 2,603 2,626 2,462
Exchange rate used (average)
Exchange rate used (end of period)
EUA forward price (average)
EUA spot price
(average)
RON/USD
RON/USD
EUR
EUR
4.6196
4.6489
-
67.94
4.5295
4.4451
-
67.41
4.6596
4.7768
89.33
65.87
4.7264
4.6005
-
73.55
4.4385
4.3329
68.87

* EUA = European Union Allowance and means a transferable allowance to emit one tonne of CO 2 equivalent during a specified period.

EUA forward price means the simple average of the daily one-year forward EUA prices (closing offer prices) for delivery in December of the year for which the compensation is granted, as observed in a given EU carbon exchange from 1 January to 31 December of the year preceding the year for which the compensation is granted. The price quoted in Q4 is the one taken into consideration for calculating the indirect emissions compensation for the respective reporting year.

Sources: Bloomberg, Reuters, Platts, NBR

Other information

Production & Sales

Production Q2/24 Q3/24 Q4/24 Q1/25 Q2/25
Liquid aluminium tonnes 24,347 24,285 25,413 26,725 28,220
Electrolytic aluminium tonnes 16,973 17,475 17,297 16,874 18,159
Primary aluminium tonnes 64,570 62,600 63,608 64,800 67,804
Wire rod tonnes 17,753 17,470 19,244 18,258 20,184
Billets tonnes 9,063 8,318 6,555 7,416 8,314
Slabs tonnes 34,573 33,700 34,871 36,213 36,131
Billets (processing)* tonnes 3,181 3,112 2,938 2,913 3,175
Processed aluminium: tonnes 31,870 29,829 28,885 33,383 34,484
- Flat-Rolled Products (FRP) tonnes 23,414 21,462 21,345 24,401 25,142
Plates tonnes 16,286 14,067 14,857 17,237 18,203
Sheets tonnes 4,389 4,098 3,745 4,049 3,960
Coils tonnes 2,739 3,297 2,743 3,115 2,979
- Extruded Products (VE) tonnes 8,456 8,367 7,540 8,982 9,342
Standard profiles tonnes 4,430 4,312 3,768 5,355 5,249
Customised profiles tonnes 4,026 4,055 3,772 3,627 4,093
Sales (to 3rd parties) Q2/24 Q3/24 Q4/24 Q1/25 Q2/25
Primary aluminium tonnes 19,718 18,757 19,505 20,707 21,549
Wire rod tonnes 17,726 17,386 18,370 19,238 19,918
Billets tonnes 807 455 379 737 602
Slabs tonnes 215 - - - -
Billets (processing)* tonnes 970 916 756 732 1,029
Processed aluminium tonnes 32,226 28,842 28,397 33,597 33,795
- Flat-Rolled Products (FRP) tonnes 23,678 20,751 21,732 24,664 24,494
Plates tonnes 15,821 14,112 15,071 17,381 18,135
Sheets tonnes 4,932 3,675 3,934 3,954 3,567
Coils tonnes 2,925 2,964 2,727 3,329 2,792
- Extruded Products (VE) tonnes 8,548 8,091 6,665 8,933 9,301
Standard profiles tonnes 5,188 4,245 3,475 5,507 5,776
Customised profiles tonnes 3,360 3,846 3,190 3,426 3,525
Alumina tonnes 1,302 1,548 635 140 512

*ALRO Group entered into tolling contracts with a few clients and agreed to process the metal brought in by these clients by charging a smelting and processing fee and rendering them back a specifically ordered product.

Contact Details

For further information, please contact:

Florenta Ghita, Bucharest Tel.: +40 744 644 004 E-Mail: [email protected]

Disclaimer regarding forward looking statements

This report may contain forward-looking information, including, without limitation, those relating to (a) forecasts, projections, and estimates, (b) statements of management's plans, objectives, and strategies for ALRO Group/ ALRO, such as planned expansions, investments or other projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, cost reductions, and profit objectives, (d) different expectations about future developments in ALRO Group's/ ALRO's markets, particularly prices, supply and demand and competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk management, as well as (i) statements preceded by "expected", "scheduled", "targeted", "planned", "proposed", "intended" or similar statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on several assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. We can give no assurance that such expectations will prove to have been correct.

ALRO Group/ ALRO disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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