Press releases, Reports & Disclosures for Fertiglobe plc

Fertiglobe's Q3 2023 revenues and adjusted EBITDA were $525 million and $199 million, respectively, while adjusted net profit and free cash flows were $41 million and $126 million, respectively. The company's own-produced sales volume increased by 8% Y-o-Y due to a 10% increase in own-produced urea sales volumes. For the first nine months of 2023, Fertiglobe's revenues and adjusted EBITDA were $1,770 million and $715 million, respectively. The company announced dividends of $275 million for H1 2023 and plans to maintain healthy dividend distributions. Fertiglobe also reached an agreement with a group of its core relationship banks on a new $500 million term facility. The company is on track to achieve its targeted $50 million run rate savings by the end of 2024 and is advancing its sustainability-focused projects. Nitrogen, ammonia, and urea prices have increased, and Fertiglobe expects higher sales at increased prices for the remainder of the year.

Fertiglobe has reported Q3 2023 revenues of $525 million, adjusted EBITDA of $199 million, adjusted net profit of $41 million, and free cash flows of $126 million. The company's own-produced sales volume increased by 8% year-on-year due to a 10% rise in own-produced urea sales volumes. For 9M 2023, revenues were $1.8 billion, adjusted EBITDA $715 million, adjusted net profit $261 million, and free cash flows $458 million. Fertiglobe has announced dividends of $275 million for H1 2023. The company's cost optimization program is on track to achieve its targeted $50 million run rate savings by the end of 2024. Fertiglobe is also advancing sustainability-focused projects, including the world's first modular CycloneCC carbon capture unit. The market outlook remains positive with nitrogen prices bottoming in late Q2 2023/early Q3 2023.

The Board of Directors of Fertiglobe plc will hold a virtual meeting on Monday, 6 November 2023 at 4:30 pm. The agenda includes the approval of the company's financial results for the third quarter of the current financial year 2023, approval of the company's interim cash dividends distribution to the shareholders for the first half of the current financial year 2023, and discussion of general matters relating to the company's activities and projects.