biobert schreef op 11 februari 2026 09:43:
Fertiglobe Reports Q4 and FY 2025 Results
Highlights:
• Q4 2025 revenues rose 73% Y-o-Y to $808 million (+7% Q-o-Q), while adjusted EBITDA rose 88% Y-o-Y to
$297 million (+4% Q-o-Q) and adjusted attributable net profit increased 2.5x Y-o-Y to $107 million.
• 2025 revenues increased 41% Y-o-Y to $2.82 billion, while adjusted EBITDA rose 57% Y-o-Y to $1.02 billion, and attributable net profit of $325 million on an adjusted basis was 87% higher Y-o-Y, driven by continued execution on the company's strategic initiatives and robust market conditions.
• Record production levels reached in Algeria and EFC-2 in Egypt in 2025, with own-produced sales volumes up 3% Y-o-Y in 2025 and 18% Y-o-Y in Q4 2025, respectively, demonstrating focused efforts to maximize asset reliability and efficiency.
• Fertiglobe implemented initiatives representing c.43% of the 2030 EBITDA growth target announced in May 2025:
o Manufacturing Improvement Program (MIP) 46% underway with actioned steps representing a potential
$55 million EBITDA accretion by 2028;
o 99% completion of the $55 million cost reduction target on a run-rate basis, supported by ADNOC and other optimization measures;
o Fertiglobe Australia, currently self-financed, and ammonia sales strategy optimization in Egypt, on track to collectively generate $31 million EBITDA by 2030;
o Scaled Diesel Exhaust Fluid (DEF) and Automotive Grade Urea (AGU) production capacity in UAE and Egypt, set to collectively generate $22 million incremental annual EBITDA by 2030.
• Fertiglobe’s Board recommends H2 2025 dividends of $135 million (6.1fils per share), bringing 2025 dividends to $260 million (11.6 fils per share). Total capital returns to shareholders to $334 million imply a competitive yield of over 5% and are consistent with Fertiglobe's policy to return all excess free cash flows to shareholders.
• Fertiglobe signs Memorandum of Understanding (MoU) with Covestro and TA'ZIZ to explore potential collaboration opportunities in short and long-term ammonia supply, related infrastructure, potential co-investment in UAE greenfield projects, and collaboration on sustainable fertilizer technologies across the ammonia and nitric acid value chains.
• Market outlook: Near-term nitrogen market fundamentals remain robust, driven by healthy demand from major import markets amid tight supply conditions, supporting prices into Q1 2026. The medium-term outlook for urea is underpinned by consistent demand growth and limited supply additions, while global ammonia capacity growth is expected to gradually rebalance market conditions.