Abu Dhabi-based Fertiglobe has reported a 41.3% year-on-year increase in its second-quarter net profit, reaching $20.2 million attributable to shareholders, up from $14.3 million in Q2 2024, the company confirmed on Sunday.
Performance Overview
The reported profit closely matched market expectations, with LSEG data indicating a consensus estimate of $20 million. Revenue for the quarter rose by 14% to $566 million, compared to $496 million a year earlier.
Despite this quarterly boost, net profit for the first half of 2025 fell by 29% year-on-year to $92.8 million, impacted by the absence of last year’s one-off FX gain of $81 million. Revenue over the same six-month period increased 20% to reach $1.26 billion.
Own-produced sales volumes dropped by 10% in Q2, though they remained largely stable across the half-year, down by just 1% overall.
Fertiglobe operates as the world’s largest seaborne exporter of urea and ammonia combined and is a recognised pioneer in sustainable ammonia innovation. The company has a total production capacity of 6.6 million tonnes and maintains four subsidiaries in the UAE, Egypt, and Algeria.
The firm ranked 96th on Forbes Middle East’s Top 100 Listed Companies 2025 list, with CEO Ahmed El-Hoshy named sixth on the 2024 Sustainability Leaders ranking.
Shareholder Rewards and Commentary
Fertiglobe proposed a minimum first-half dividend payout of $100 million, equating to 4.4 fils per share.
“This quarter demonstrated Fertiglobe’s growing operational resilience, with an adjusted EBITDA increase of 26% Y-o-Y,” El-Hoshy stated.
“Fertiglobe remains strategically placed to deliver robust performance and maintain operational continuity amid challenging conditions,” he added.
Growth Strategy
In a move to bolster its presence in the Asia-Pacific market, Fertiglobe acquired distribution assets from Wengfu Australia in April. The transaction is projected to enhance EPS by 2.8% in 2026 and 4.1% in 2027, before factoring in potential synergies.
