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Fertiglobe said in a statement released on its corporate newsroom that adjusted EBITDA for the second quarter more than doubled year on year to $371 million. The Abu Dhabi-listed producer reported that adjusted net profit attributable to shareholders increased roughly 12.5 times to $145 million in the period. This performance built on the momentum from the first quarter when the company delivered 31 percent EBITDA growth according to its earlier disclosures. The statement highlighted continued operational resilience amid challenging geopolitical conditions and logistical constraints that led to the deferral of around 100 kilotonnes of urea sales into the third quarter.
Revenues for the first half of 2026 reached $2 billion, representing a 59 percent increase from the comparable period in 2025, according to the announcement. Adjusted EBITDA for the six-month period rose 63 percent to $713 million while adjusted attributable net profit climbed 3.4 times to $289 million. Fertiglobe attributed the strong results to record production utilisation rates, effective diversification of export routes and expanded storage capacity that helped maintain export volumes equal to 56 percent of output despite planned maintenance activities. The company noted that these factors supported margin expansion across its nitrogen fertiliser portfolio.
In the same statement Fertiglobe proposed a minimum dividend of $150 million for the first half of 2026, which would constitute at least a 20 percent increase over the prior-year interim payout. The board intends to seek shareholder approval for the distribution in September with payment scheduled for October. Chief Executive Ahmed El-Hoshy was quoted in the announcement saying “Our strong performance and disciplined capital allocation support a proposed dividend increase of at least 20% year-on-year.” He added that cumulative shareholder returns since the initial public offering now exceed $3 billion inclusive of the ongoing share buyback programme.
The buyback has so far acquired 1.34 percent of shares at a cost of $74 million as part of a 2.5 percent target, the company reported. As of June 30 net debt stood at $621 million, down from $1 billion at the end of 2025 and equivalent to 0.5 times last-twelve-months EBITDA. Fertiglobe said the strengthened balance sheet, backed by its partners ADNOC and XRG, provides a solid foundation for execution of the Grow 2030 strategy focused on capacity expansions and sustainability initiatives.
The announcement noted that the company’s global commercial platform enabled redirection of product volumes to alternative markets despite disruptions in key shipping lanes. Fertiglobe maintained high plant reliability across its production sites in the United Arab Emirates, Egypt and Algeria during the quarter. Management indicated that the combination of robust demand for nitrogen fertilisers and efficient cost management drove the significant profitability improvement.
Earlier company reports showed full-year 2025 adjusted EBITDA exceeding $1 billion, up 57 percent from the previous year, establishing a benchmark against which the 2026 interim performance is measured. Fertiglobe operates as one of the world’s largest seaborne exporters of urea and ammonia with a combined annual production capacity of around 6.5 million tonnes. The statement reiterated that ongoing capital discipline and strategic investments will support sustainable shareholder distributions going forward.
