Hindalco Industries Limited

294 million

Q4 Fiscal Year 2025 Highlights • • • • Net income attributable to our common shareholder of $294 million, up 77% YoY; Net income attributable to our common shareholder excluding special items was $262 mi

77%

2025 Highlights • • • • Net income attributable to our common shareholder of $294 million, up 77% YoY; Net income attributable to our common shareholder excluding special items was $262 million, u

262 million

illion, up 77% YoY; Net income attributable to our common shareholder excluding special items was $262 million, up 46% YoY Adjusted EBITDA of $473 million, down 8% YoY, up 29% QoQ Rolled product shipments of

46%

oY; Net income attributable to our common shareholder excluding special items was $262 million, up 46% YoY Adjusted EBITDA of $473 million, down 8% YoY, up 29% QoQ Rolled product shipments of 957 kil

473 million

o our common shareholder excluding special items was $262 million, up 46% YoY Adjusted EBITDA of $473 million, down 8% YoY, up 29% QoQ Rolled product shipments of 957 kilotonnes, up 1% YoY Adjusted EBITDA p

8%

eholder excluding special items was $262 million, up 46% YoY Adjusted EBITDA of $473 million, down 8% YoY, up 29% QoQ Rolled product shipments of 957 kilotonnes, up 1% YoY Adjusted EBITDA per tonne

29%

luding special items was $262 million, up 46% YoY Adjusted EBITDA of $473 million, down 8% YoY, up 29% QoQ Rolled product shipments of 957 kilotonnes, up 1% YoY Adjusted EBITDA per tonne shipped of $

1%

ed EBITDA of $473 million, down 8% YoY, up 29% QoQ Rolled product shipments of 957 kilotonnes, up 1% YoY Adjusted EBITDA per tonne shipped of $494, down 9% YoY Full Fiscal Year 2025 Highlights • •

9%

led product shipments of 957 kilotonnes, up 1% YoY Adjusted EBITDA per tonne shipped of $494, down 9% YoY Full Fiscal Year 2025 Highlights • • • • • Net income attributable to our common shareho

683 million

l Fiscal Year 2025 Highlights • • • • • Net income attributable to our common shareholder of $683 million, up 14% YoY; Net income excluding special items was $764 million, up 11% YoY Adjusted EBITDA of $

14%

25 Highlights • • • • • Net income attributable to our common shareholder of $683 million, up 14% YoY; Net income excluding special items was $764 million, up 11% YoY Adjusted EBITDA of $1.8 bill

764 million

ble to our common shareholder of $683 million, up 14% YoY; Net income excluding special items was $764 million, up 11% YoY Adjusted EBITDA of $1.8 billion, down 4% YoY Rolled product shipments of 3,757 kiloto

Special Items

2

Media Contact

1

Investor Contact

1

Current assets

1

Current liabilities

1

Investor Contact

Megan Cochard +1 404 760 4170 julie.groover@novelis.adityabirla.com megan.cochard@novelis.adityabirla.com 4 Novelis Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (in millions) Net sales Cost of goods sold (exclusive of depreciation and amortization) Selling, general and administrative expenses Depreciation and amortization Interest expense and amortization of debt issuance costs Research and development expenses Loss on extinguishment of debt, net Restructuring and impairment expenses, net Equity in net income of non-consolidated affiliates Other expenses (income), net Income before income tax provision Income tax provision Net income Three Months Ended March 31, 2024 2025 2024 $ 4,587 $ 4,077 $ 17,149 $ 16,210 3,417 14,469 13,704 3,862 152 152 65 27 7 7 172 148 70 26 — 9 695 575 275 102 7 53 (1) (3) (3) 13 4,284 303 9 294 13 3,852 225 59 166 134 16,307 842 159 683 Net income attributable to our common shareholder $ 294 $ 166 $ 683 $ 717 554 298 98 5 42 (4) (22) 15,3

Current assets

Cash and cash equivalents Accounts receivable, net — third parties (net of allowance for uncollectible accounts of $7 as of March 31, 2025, and March 31, 2024) — related parties Inventories Prepaid expenses and other current assets Fair value of derivative instruments Assets held for sale Total current assets Property, plant and equipment, net Goodwill Intangible assets, net Investment in and advances to non–consolidated affiliates Deferred income tax assets Other long-term assets — third parties — related parties Total assets LIABILITIES AND SHAREHOLDER’S EQUITY

Current liabilities

Current portion of long-term debt Short-term borrowings Accounts payable — third parties — related parties Fair value of derivative instruments Accrued expenses and other current liabilities Total current liabilities Long-term debt, net of current portion Deferred income tax liabilities Accrued postretirement benefits Other long-term liabilities Total liabilities Commitments and contingencies Shareholder’s equity Common stock, no par value; unlimited number of shares authorized; 600,000,000 shares issued and outstanding as of March 31, 2025, and March 31, 2024 Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total equity of our common shareholder Noncontrolling interest Total equity Total liabilities and equity March 31, 2025 March 31, 2024 $ 1,036 $ 1,309 2,073 136 3,054 234 176 6 6,715 6,851 1,074 509 912 188 1,760 161 2,515 152 45 1 5,943 5,741 1,074 545 905 143 263 3 16,515 $ 274 3 14,628 32 $ 348 33 759 $ $ 3,687 275 106 666 5,114 5,773 295 534 284

Special Items

Loss on extinguishment of debt, net Metal price lag Restructuring and impairment expenses, net Sierre flood losses, net of recoveries(1) Tax effect on special items 7 (55) 7 (1) 10 — 8 9 — 7 (69) 53 105 5 70 42 — (4) (15) (29) Net income attributable to our common shareholder, excluding special items _________________________ (1) Sierre flood losses, net of recoveries relate to non-recurring non-operating charges from exceptional flooding at our Sierre, Switzerland plant 764 $ 179 $ 262 $ 688 $ caused by unprecedented heavy rainfall, net of the related property insurance recoveries. 9 Segment Information (unaudited) The following tables present selected segment financial information (in millions, except shipments which are in kilotonnes). Selected Operating Results Three Months Ended March 31, 2025 Adjusted EBITDA North America Europe Asia South America Eliminations and Other Total $ 150 $ 104 $ 89 $ 129 $ 1 $ 473 Shipments (in kt) Rolled products – third party Rolled products – inters

Special Items

Loss on extinguishment of debt, net Metal price lag loss (gain) Restructuring and impairment expenses, net Sierre flooding, net of recoveries (1) Tax effect on special items - (5) 3 - 1 5 22 4 - (8) - 45 26 - - 8 9 - 5 70 42 - - 7 19 40 - (21) 21 61 - - 6 5 (18) (4) (29) (13) (10) (2) 7 (55) 7 (1) 10 7 (69) 53 105 (15) Net income attributable to our common shareholder, excluding special items $155 $180 $174 $179 $688 $204 $179 $119 $262 $764 1. Sierre flood losses, net of recoveries relate to non-recurring non-operating charges from exceptional flooding at our Sierre, Switzerland plant caused by unprecedented heavy rainfall, net of the related property insurance recoveries. 21 Novelis Q4FY25 Earnings