Fertiglobe plc Financial Results Press Release for the Period Ended March 31,2026 | premargin
Fertiglobe plc Financial Results Press Release for the Period Ended March 31,2026
·ADX·Financial Reports | Financial Press Release·April 29, 2026·View on exchange
AI Summary
Reported Q1 2026 revenues of $915 million (up 32% Y-o-Y) and adjusted EBITDA of $342 million (up 31% Y-o-Y), supported by higher urea and ammonia pricing.
Achieved adjusted net profit of $145 million, a 98% Y-o-Y increase, partially driven by a tax rate reduction for subsidiary Fertil from 25% to tiered rates of 15% and 20%.
Improved operational efficiency with urea operating rates reaching 96% and a record-breaking performance in Egyptian operations with zero downtime.
Reduced net debt to $822 million from $1.0 billion at year-end 2025 and repurchased 111 million shares (1.34% of total) for $74 million as of March 31, 2026.