Abu Dhabi – Mubasher: Fertiglobe logged net profits valued at $153.60 million in the first half (H1) of 2025, compared with $197 million in H1-24, according to the financial results.

The revenues hiked by 20% to $1.26 billion in H1-25 from $1.04 billion in the same period a year earlier.

Basic and diluted earnings per share (EPS) dropped to $0.011 as of 30 June 2025 from $0.016 in H1-24.

Results for Q2-25

In the second quarter (Q2) of 2025, the net profits of Fertiglobe plunged to $38.30 million from $42.60 million in Q2-24.

Meanwhile, the revenues grew by 14% year-on-year (YoY) to $565.80 million in April-June 2025 from $495.70 million.

Ahmed El Hoshy, CEO of Fertiglobe, commented: “We capitalized on the downtime in Egypt to perform critical maintenance activities, successfully extending the turnaround cycle, with maintenance capex expected towards the lower end of our previous guidance at $145 million.”

“Notably, excluding external factors and turnarounds, our own-produced sales volumes for Q2-25 would have been up 4% YoY, while H1-25 own-produced sales volumes would have increased 7% YoY,” El Hoshy added.

Cash Dividends

In line with Fertiglobe’s commitment to creating shareholder value, management proposes cash dividends of at least $100 million (4.40 fils per share) for H1-25.

Subject to the board’s approval, the payment is expected to take place in October.

As of 31 March 2025, the ADX-listed company posted YoY lower net profits at $115.30 million, versus $154.40 million.