Fertiglobe, a seaborne exporter of urea and ammonia and part of the Adnoc company, has announced its financial results for the three-month and nine-month periods ended 30 September 2025 (Q3 2025 and 9M 2025).
In the third quarter,
Fertiglobe reported strong revenues of $758 million, reflecting a 53 per cent
increase year-over-year (Y-o-Y), while adjusted EBITDA increased 69 per cent
Y-o-Y to $286 million, and adjusted net profit attributable to shareholders of
$134 million increased significantly versus $28 million in the same period last
year.
Ahmed El-Hoshy, CEO of
Fertiglobe, commented: âI am proud of Fertiglobeâs strong third quarter
performance, underscoring the resilience of our integrated platform and
reflecting our commercial agility and cost discipline in a dynamic market
environment. Despite gas supply curtailments in Egypt, we capitalised on tight
global urea markets, with prices increasing 16 per cent Q-o-Q and 33 per cent
Y-o-Y to $474/t (FOB Egypt) on average in Q3 2025. During the quarter, we
reached record urea production volumes in Egypt, reflecting progress on the
strategic pillar of operational excellence, leading to optimised margins and
robust results."
He added: "I am
particularly pleased with the progress achieved under our âGrow 2030 Strategyâ,
with approximately 38 per cent1 of our announced growth targets actioned within
less than six months, highlighting the strength of our execution and the
potential for further upside. We made strong progress on our Manufacturing
Improvement Plan (MIP), with actioned initiatives representing 43 per cent of
communicated targets to deliver $110-120 million incremental EBITDA by 2028 as
we continue to capture energy and production efficiencies. Additionally, with
ADNOCâs support to reduce fixed costs by $19 million on a run rate basis
starting 1 September 2025, we are now 84 per cent advanced on our cost
reduction plan, delivering $46 million in savings by the end of Q3 2025. The
completion of the Wengfu Australia acquisition in October 2025 (where the
entity is now independently funded having settled its parent funding within
just two months) and the scaling of DEF and AGU capacity in Egypt and the UAE
are expected to unlock an additional $45 million of incremental annual EBITDA
by 2030. Additionally, our Commercial Excellence program has allowed us to
capture higher price quartiles on our urea sales book, achieving higher
premiums over benchmarks year-to-date."
"We remain
focused on delivering our 2030 growth ambitions, supported by our majority
shareholder and our strong operational platform. With the continued trust of
our employees, partners, and shareholders, Fertiglobe is well positioned to
drive long-term growth and value.â -OGN/TradeArabia News Service
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