Howmet Aerospace — Oct 30, 2025 release

Luther   Rob Morrison (412) 553-1950   (412) 553-2666 Paul.Luther@howmet.com   Rob.Morrison@howmet.com   Howmet Aerospace Reports Third Quarter 2025 Results Record Revenue, Growth Accelerated to 14% Year Over Year; Strong Profit; Record Cash from Operations $200 Million Deployed for Common Stock Repurchases; $63 Million Debt Reduction Full Year 2025 Guidance: Raised on All Metrics Full Year 2026 Revenue Guidance: Approximately $9 Billion, Up ~10% Year over Year   Third Quarter 2025 GAAP Financial Results   · Revenue of $2.09 billion, up 14% year over year, driven by Commercial Aerospace, up 15% · Operating Income Margin of 25.9%, up 300 basis points year over year · Net Income of $385 million versus $332 million in the third quarter 2024; Earnings per Share of $0.95 versus $0.81 in the third quarter 2024 · Generated $531 million of Cash from Operations; $314 million of Cash used for Financing Activities; and $104 million of Cash used for Investing Activities · Share repurchases of $200 million; paid $0.12 per share common stock dividend, a 20% increase from the second quarter 2025   Third Quarter 2025 Adjusted Financial Results   · Adjusted EBITDA excluding special items of $614 million, up 26% year over year · Adjusted EBITDA margin excluding special items of 29.4%, up 290 basis points year over year · Adjusted Operating Income Margin excluding special items of 25.9%, up 310 basis points year over year · Adjusted Earnings Per Share excluding special items of $0.95, up 34% year over year · Generated $423 million of Free Cash Flow   2025 Guidance     Q4 2025 Guidance   FY 2025 Guidance   Low Baseline High   Low Baseline High Revenue $2.090B $2.100B $2.110B   ~$8.175B ~$8.185B ~$8.195B Adj. EBITDA *1 $605M $610M $615M   ~$2.370B ~$2.375B ~$2.380B Adj. EBITDA Margin *1 28.9% 29.0% 29.1%