Abu dhabi: Fertiglobe today 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 revenues of $758 million, reflecting a 53% increase year-over-year (Y-o-Y). Adjusted EBITDA rose 69% Y-o-Y to $286 million, and the adjusted net profit attributable to shareholders reached $134 million, a significant increase from $28 million in the same period last year.
According to Emirates News Agency, Ahmed El-Hoshy, CEO of Fertiglobe, expressed pride in the company’s third quarter performance, emphasizing the resilience of its integrated platform amidst a dynamic market environment. Despite gas supply curtailments in Egypt, Fertiglobe capitalized on tight global urea markets, with prices rising 16% quarter-over-quarter and 33% Y-o-Y to $474/t (FOB Egypt) on average in Q3 2025. The company achieved record urea production volumes in Egypt, underscoring its commitment to operational excellence and optimized margins.
El-Hoshy highlighted the advancements under the ‘Grow 2030 Strategy,’ noting that approximately 38% of announced growth targets were actioned within six months. Fertiglobe made progress on its Manufacturing Improvement Plan (MIP), with initiatives representing 43% of targets to deliver $110-120 million incremental EBITDA by 2028. The company also achieved significant cost reductions with ADNOC’s support, reducing fixed costs by $19 million on a run rate basis from 1 September 2025, advancing 84% on its cost reduction plan, and delivering $46 million in savings by the end of Q3 2025.
Additionally, Fertiglobe completed the acquisition of Wengfu Australia in October 2025, with the entity now independently funded. The scaling of DEF and AGU capacity in Egypt and the UAE is expected to unlock an additional $45 million of incremental annual EBITDA by 2030. The Commercial Excellence program has enabled Fertiglobe to capture higher price quartiles on its urea sales book, achieving higher premiums over benchmarks year-to-date.
El-Hoshy concluded by affirming Fertiglobe’s focus on delivering its 2030 growth ambitions, supported by its majority shareholder and strong operational platform. He emphasized the continued trust of employees, partners, and shareholders as key to driving long-term growth and value.