NORSK HYDRO AS-SPONS ADR Business Summary

Norsk Hydro ASA (NHYDY) is a vertically integrated global leader in the aluminum and renewable energy sectors, generating revenue through the extraction of bauxite, refining of alumina, production of primary aluminum, and the manufacturing of high-end extruded products. The company operates through five primary business segments: Hydro Bauxite & Alumina, Hydro Energy, Hydro Aluminium Metal, Hydro Extrusions, and Hydro Metal Markets. Its business model increasingly emphasizes a circular economy, leveraging its extensive captive hydropower and wind assets to produce low-carbon aluminum brands like CIRCAL and REDUXA. Within the competitive landscape, Norsk Hydro contends with major global peers such as Alcoa Corporation, Rio Tinto, and the Aluminum Corporation of China (Chalco). It distinguishes itself as one of the few players in the industry with a fully integrated value chain, positioning it as a premium supplier for the automotive, construction, and packaging industries seeking sustainable material solutions. Originally founded in 1905 by Sam Eyde and Kristian Birkeland, the company is currently led by President and CEO Eivind Kallevik, a long-standing veteran who previously served as the group's CFO and assumed the top leadership role in May 2024. The executive team includes Executive Vice President and CFO Trond Olaf Christophersen, who brings decades of experience in corporate development and recycling operations. Other key leadership figures as of July 2026 include Kari Ekelund Thørud (EVP, Hydro Energy), Hanne Simensen (EVP, Hydro Aluminium Metal), and John Thuestad (EVP, Hydro Bauxite & Alumina). The company maintains a stable ownership structure with the Norwegian State, through the Ministry of Trade, Industry and Fisheries, serving as its largest shareholder, alongside significant institutional backing from Folketrygdfondet.