Yara International ASA banner

Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 17, 2026
AI Summary
Q2 2026

EBITDA: Yara reported second-quarter EBITDA excluding special items of $906 million, up 39% year on year and the highest quarterly result since 2022, excluding the record 2022 period.

Demand: Crop nutrition deliveries were 17% below last year because customers delayed buying in the Northern Hemisphere after a sharp price spike and Middle East supply disruption.

Outlook: Management said demand has started to return in recent days, with buying activity picking up and prices moving higher again, especially in Europe.

Acquisition: Yara announced the $1.3 billion purchase of Gulf Coast Ammonia in Texas, which management said strengthens its ammonia cost position and long-term flexibility.

Cash flow: Free cash flow was $583 million, supported by strong earnings and a $153 million gain from selling surplus EUA credits.

Cost control: Fixed costs increased by only $8 million, which management described as a strong beat versus inflation, despite currency headwinds.

Key Financials
EBITDA excluding special items
$906 million
EUA gain
$153 million
Return on invested capital
14.3%
Crop nutrition deliveries
17% below same quarter last year
Negative volume impact
$240 million
Demand deferral volume impact
$120 million
Earnings per share
up 84%
Free cash flow
$583 million
Net investments
$100 million
Fixed cost increase
$8 million
Surplus EUA quotas
5.2 million
EUA sold in quarter
1.7 million
Gulf Coast Ammonia purchase price
$1.3 billion
Gulf Coast Ammonia capacity
1.3 million tonnes per year
Improvement program realized
$50 million to $60 million
Earnings Call Recording

Other Earnings Calls