Altermagnetism has emerged as a promising ingredient for realizing nontrivial Josephson phases, but so far explored in single Josephson junctions. In this work, we consider the coherent coupling of two Josephson junctions with spin-singlet -wave superconductivity and demonstrate that -wave altermagnetism gives rise to spin-polarized Andreev molecules due to the hybridization of Andreev bound states of each junction when the coupling is weak. Interestingly, these spin-polarized Andreev molecules induce an anomalous nonlocal Josephson effect, where the current flow across one Josephson junction due to phase changes across the other junction develops and transitions originating from altermagnetism. Furthermore, the nonlocal Josephson current carried by spin-polarized Andreev molecules exhibits nonreciprocal critical currents, enabling a nonlocal Josephson diode effect whose polarity is tunable by the altermagnetic strength and right phase. Our findings put forward altermagnetism as a promising arena for designing nonlocal spin Josephson phenomena.

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