CENTURY ALUMINUM CO
For the period ended Dec 31, 2025. Filed Mar 3, 2026.
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FY2025 · Filed Mar 3, 2026
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Item 15. Exhibits and Financial Statement Schedules
(a) (1) List of Financial Statements
The following consolidated financial statements of Century Aluminum Company and the Independent Auditors’ Reports are included in Part II, Item 8 of this Form 10-K:
Reports of Independent Registered Public Accounting Firm
Consolidated Statements of Operations for the years ended December 31, 2025, 2024 and 2023
Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2025, 2024 and 2023
Consolidated Balance Sheets as of December 31, 2025 and 2024
Consolidated Statements of Shareholders’ Equity for the years ended December 31, 2025, 2024 and 2023
Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023
Notes to the consolidated financial statements
(a) (2) List of financial Statement Schedules
None. All required information has been included in the consolidated financial statements or notes thereto.
(a) (3) List of Exhibits
| Exhibit Index | ||||
|---|---|---|---|---|
| Incorporated by Reference | ||||
| Exhibit Number · Description of Exhibit · Form · File No. · Filing Date · Filed Herewith | ||||
| 3.1 | Amended and Restated Certificate of Incorporation of Century Aluminum Company. | 10-Q | 001-34474 | November 9, 2012 |
| 3.2 | Amended and Restated Bylaws of Century Aluminum Company. | 8-K | 001-34474 | December 6, 2019 |
| 4.1 | Form of Stock Certificate. | 10-K | 001-34474 | February 28, 2018 |
| 4.2 | Certificate of Designation, Preferences and Rights of Series A Convertible Preferred Stock of Century Aluminum Company, dated July 7, 2008. | 8-K | 000-27918 | July 8, 2008 |
| 4.3 | Indenture for Century Aluminum Company's 2.75% Convertible Senior Notes due 2028, dated as of April 9, 2021, by and among Century Aluminum Company, as issuer, and Wilmington Trust, National Association, as trustee. | 8-K | 001-34474 | April 12, 2021 |
| 4.4 | Form of Note for the Indenture for Century Aluminum Company's 2.75% Convertible Senior Notes due 2028, dated as of April 9, 2021, between Century Aluminum Company, as issuer, and Wilmington Trust Company, as trustee. | 8-K | 001-34474 | April 12, 2021 |
| 4.5 | Indenture for Century Aluminum Company's 6.875% Senior Secured Notes due 2032, dated as of July 22, 2025, by and among Century Aluminum Company, the guarantors party thereto and Wilmington Trust, National Association, as trustee and noteholder collateral agent. | 8-K | 001-34474 | July 24, 2025 |
| 4.6 | Form of 6.875% Senior Secured Note due 2032 (included as Exhibit A to the Indenture filed as Exhibit 4.5). | 8-K | 001-34474 | July 24, 2025 |
| 4.7 | Description of Common Stock. | 10-K | 001-34474 | February 27, 2020 |
| 10.1 | Share Sale and Purchase Agreement, dated as of May 2, 2023, by and among Century Aluminum Jamaica Holdings, Inc., Noble New Asset Intermediate Co Limited, Noble Group Holdings Limited and Noble Resources International Pte, Ltd. | 8-K | 001-34474 | May 5, 2023 |
| 10.2 | Second Lien Pledge and Security Agreement, dated as of July 22, 2025, by and among Century Aluminum Company, the other Grantors (as defined therein) and Wilmington Trust, National Association, as collateral agent of the 6.875% Senior Secured Notes due 2032. | 8-K | 001-34474 | July 24, 2025 |
| 10.3 | Collateral Agency Agreement, dated as of July 22, 2025, by and among Century Aluminum Company, the other Grantors party thereto and Wilmington Trust, National Association, as trustee and collateral agent. | 8-K | 001-34474 | July 24, 2025 |
| 10.4 | Second Amended and Restated Loan and Security Agreement, dated as of May 16, 2018, among Century Aluminum Company, Century Aluminum of South Carolina, Inc., Century Aluminum of Kentucky General Partnership, NSA General Partnership and Century Aluminum Sebree LCC, as borrowers, and Wells Fargo Capital Finance, LLC, as agent and lender ("Second Amended and Restated Loan and Security Agreement"). | 10-Q | 001-34474 | November 2, 2018 |
| 10.5 | Amendment No. 1, dated as of June 17, 2020 to the Second Amended and Restated Loan and Security Agreement. | 8-K | 001-34474 | June 18, 2020 |
| 10.6 | Amendment No. 2, dated as of June 15, 2021 to the Second Amended and Restated Loan and Security Agreement. | 10-Q | 001-34474 | August 5, 2021 |
| 10.7 | Amendment No. 3, dated as of December 23, 2021 to the Second Amended and Restated Loan and Security Agreement. | 8-K | 001-34474 | December 27, 2021 |
| 10.8 | Amendment No. 4 dated June 14, 2022 to the Second Amended and Restated Loan and Security Agreement. | 8-K | 001-34474 | June 16, 2022 |
| 10.9 | Amendment No. 5 dated July 22, 2025, to the Second Amended and Restated Loan and Security Agreement. | 8-K | 001-34474 | July 24, 2025 |
| 10.1 | Facility Agreement dated 9 December 2022 among Century Aluminum Vlissingen B.V. as borrower and Glencore international AG as lender | 8-K | 001-34474 | December 12, 2022 |
| 10.11 | Amendment to Facility Agreement dated October 1, 2024 among Century Aluminum Vlissingen B.V. as borrower and Glencore International AG as lender | 10-Q | 001-34474 | November 4, 2024 |
| 10.12 | Revolving Credit Facility, dated November 27, 2013, between Nordural Grundartangi ehf, as borrower, and Landsbankinn hf. | 10-K | 001-34474 | March 14, 2014 |
| 10.13 | Amendment to Revolving Credit Facility, dated April 14, 2016, between Nordural Grundartangi ehf, as borrower, and Landsbankinn hf. | 8-K | 001-34474 | April 15, 2016 |
| 10.14 | Amendment to Revolving Credit Facility, dated December 15, 2017, between Nordural Grundartangi ehf, as borrower, and Landsbankinn hf | 10-K | 001-34474 | February 28, 2018 |
| 10.15 | Amendment to Revolving Credit Facility, dated October 2, 2019, between Nordural Grundartangi ehf, as borrower, and Landsbankinn hf | 10-Q | 001-34474 | November 8, 2019 |
| 10.16 | Amendment to Revolving Credit Facility, dated September 20, 2021, between Nordural Grundartangi ehf, as borrower, and Landsbankinn hf | 10-Q | 001-34474 | November 5, 2021 |
| 10.17 | Amendment to Revolving Credit Facility, dated February 4, 2022, between Nordural Grundartangi ehf, as borrower and Landsbankinn hf | 8-K | 001-34474 | February 9, 2022 |
| 10.18 | Amendment Agreement to General Bond, dated as of November 27, 2013, by and between Nordural Grundartangi ehf and Landsbankinn hf. | 10-K | 001-34474 | March 14, 2014 |
| 10.19 | Amendment to Revolving Credit Facility, dated September 28, 2022, between Nordural Grundartangi ehf, as borrower and Landsbankinn hf | 10-Q | 001-34474 | November 7, 2022 |
| 10.20 | Amendment to Revolving Credit Facility, dated December 7, 2023, between Nordural Grundartangi ehf, as borrower and Landsbankinn hf | 10-K | 001-34474 | March 15, 2024 |
| 10.21 | Term Facility Agreement, dated as of November 2, 2021, by and between Nordural Grundartangi ehf and Arion Bank hf. | 8-K | 001-34474 | November 3, 2021 |
| 10.22 | Term Facility Agreement, dated as of September 29, 2022, by and between Nordural Grundartangi ehf, as borrower, and Arion Bank hf | 10-Q | 001-34474 | November 7, 2022 |
| 10.23 | Form of Capped Call Confirmation | 8-K | 001-34474 | April 12, 2021 |
| 10.24 | Stock Purchase Agreement, dated as of July 7, 2008, by and between Century Aluminum Company and Glencore Investment Pty Ltd. | 8-K | 000-27918 | July 8, 2008 |
| 10.25 | Standstill and Governance Agreement, dated as of July 7, 2008, by and between Century Aluminum Company and Glencore AG. | 8-K | 000-27918 | July 8, 2008 |
| 10.26 | Amendment to Standstill and Governance Agreement, dated January 27, 2009, by and between Century Aluminum Company and Glencore AG. | 10-K | 001-34474 | March 16, 2010 |
| 10.27 | Registration Rights Agreement, dated as of July 7, 2008, by and between Century Aluminum Company and Glencore Investment Pty Ltd. | 8-K | 000-27918 | July 8, 2008 |
| 10.28 | Century Aluminum Company Amended and Restated Executive Severance Plan, adopted June 23, 2014.* | 8-K | 001-34474 | June 27, 2014 |
| 10.29 | Century Aluminum Company Amended and Restated Supplemental Retirement Income Benefit Plan.* | 10-Q | 000-27918 | August 10, 2009 |
| 10.30 | First Amendment of the Century Aluminum Company Amended and Restated Supplemental Retirement Income Benefit Plan.* | 10-K | 001-34474 | March 16, 2010 |
| 10.31 | Second Amendment of the Century Aluminum Company Amended and Restated Supplemental Retirement Income Benefit Plan, adopted June 23, 2014.* | 8-K | 001-34474 | June 27, 2014 |
| 10.32 | Century Aluminum Company Annual Incentive Plan.* | 10-K | 001-34474 | March 2, 2015 |
| 10.33 | Century Aluminum Company Amended and Restated Stock Incentive Plan, adopted June 23, 2014.* | 8-K | 001-34474 | June 27, 2014 |
| 10.34 | Century Aluminum Company Amended and Restated Long-Term Incentive Plan, adopted March 22, 2016.* | 8-K | 001-34474 | March 24, 2016 |
| 10.35 | Century Aluminum Company Amended and Restated Stock Incentive Plan, adopted June 3, 2019.* | 8-K | 001-34474 | June 6, 2019 |
| 10.36 | Century Aluminum Company Restoration Plan, adopted December 8, 2015.* | 8-K | 001-34474 | December 14, 2015 |
| 10.37 | Form of Time-Vesting Performance Share Unit Award Agreement for awards under the 2014 Amended and Restated Stock Incentive Plan.* | 8-K | 001-34474 | June 27, 2014 |
| 10.38 | Form of Performance Unit Award Agreement for awards under the 2014 Amended and Restated Stock Incentive Plan.* | 8-K | 001-34474 | March 24, 2016 |
| 10.39 | Form of Time-Vesting Share Unit Award Agreement for awards under the 2019 Amended and Restated Stock Incentive Plan.* | 10-K | 001-34474 | February 27, 2020 |
| 10.4 | Form of Performance Unit Award Agreement for awards under the 2019 Amended and Restated Stock Incentive Plan.* | 10-K | 001-34474 | February 27, 2020 |
| 10.41 | Form of Independent Non-Employee Director Annual Equity-Grant Time-Vesting Share Unit Award Agreement.* | 10-K | 001-34474 | February 27, 2020 | |
| 10.42 | Form of Independent Non-Employee Director Annual Retainer Fee Payment Time-Vesting Share Unit Award Agreement.* | 10-K | 001-34474 | February 27, 2020 | |
| 10.43 | Form of Indemnification Agreement.* | 8-K | 001-34474 | December 5, 2014 | |
| 10.44 | Jesse E. Gary Offer Letter, dated May 17, 2021* | 8-K | 001-34474 | May 17, 2021 | |
| 10.45 | Retirement and Transition Agreement, dated May 17, 2021, between Century Aluminum Company and Michael A. Bless* | 8-K | 001-34474 | May 17, 2021 | |
| 19.1 | Insider Trading Policy | 10-K | 001-34474 | March 3, 2025 | |
| 21.1 | List of Subsidiaries | X | |||
| 23.1 | Consent of Deloitte & Touche LLP | X | |||
| 23.2 | Consent of Aluminium Industry Professionals Inc. | X | |||
| 24.1 | Powers of Attorney | X | |||
| 31.1 | Rule 13a-14(a)/15d-14(a) Certification of the Principal Executive Officer | X | |||
| 31.2 | Rule 13a-14(a)/15d-14(a) Certification of the Principal Financial Officer | X | |||
| 32.1 | Section 1350 Certification (pursuant to Sarbanes-Oxley Section 906) by Principal Executive Officer | X | |||
| 32.2 | Section 1350 Certification (pursuant to Sarbanes-Oxley Section 906) by Principal Financial Officer | X | |||
| 96.1 | Technical Report Summary for Jamalco | 10-K | 001-34474 | March 3, 2025 | |
| 97.1 | Incentive Compensation Recoupment Policy | 10-K | 001-34474 | March 3, 2025 | |
| 101.INS | XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) | ||||
| 101.SCH | XBRL Taxonomy Extension Schema | X | |||
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase | X | |||
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase | X | |||
| 101.LAB | XBRL Taxonomy Extension Label Linkbase | X | |||
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase | X | |||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
| * | Management contract or compensatory plan. | ||||
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