Aughinish Alumina firm makes profits of $119.36m as revenues surge 50%

Limerick's Aughinish Alumina posted a $119 million profit in 2024, driven by higher alumina prices, navigating complex self-sanctioning challenges.

The Aughinish Alumina Refinery on the Shannon Estuary near Foynes Co Limerick.

Higher alumina prices resulted in the Russian-owned company that operates the largest alumina refinery in Europe, located on the shores of the Shannon estuary, returning to profit in 2024 to record pre-tax profits of $119.36m (€103.4m).

New accounts filed by Limerick Alumina Refining Ltd (LARL) show that the firm returned to profit after revenues surged by 50% or $292.25m from $583.1m to $875.36m in 2024.