Fertiglobe revenue rises by a quarter but profit down

Fertiglobe said revenues surged more than a quarter in the first three months of 2025, thanks to higher sales volumes and urea prices.

The first quarter top line rose 26 percent year on year to $695 million. However, net profit attributable fell 24 percent annually to $73 million but rose 74 percent quarter on quarter, the company said in a statement to the Abu Dhabi Securities Exchange.

The Abu Dhabi-listed company reported a 7 percent year-on-year increase in its own-produced sales, driven by improving market conditions and improved plant operating rates following the execution of the first phase of the manufacturing improvement plan. The plan aims to increase energy savings and boost production efficiency.

The second phase of the MIP aims to increase EBITDA by $80 million by the end of 2027.  

CEO Ahmed El-Hoshy said Fertiglobe will play a critical role in meeting global demand for low-carbon ammonia due to the support of Abu Dhabi state-owned Adnoc’s project pipeline and global reach.

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The company is increasing investments into low-carbon ammonia, which is expected to contribute $70-100 million to EBITDA by 2030, he said.

The company’s share closed 0.4 percent lower at AED2.37 on Wednesday. Adnoc Fertilizers, owned by Adnoc, holds 86.2 percent stake in Fertiglobe.