Fertiglobe revenues up 41% as nitrogen demand stays strong

Fertiglobe, the largest nitrogen fertiliser producer in the Middle East and North Africa, has reported a 41 percent increase in revenues for 2025.

Revenues stood at $2.8 billion, while adjusted earnings before interest, tax, depreciation and amortisation rose 57 percent to just over $1 billion, the company said in a statement to the Abu Dhabi Securities Exchange (ADX).

Production levels reached record highs in Algeria and Egypt, Fertiglobe said, with own-produced sales volumes up 3 percent in 2025.

Revenues for the fourth quarter of 2025 climbed 73 percent to $808 million. Adjusted net profit attributable to shareholders in Q4 was $107 million.

Capital expenditure totalled $191 million in 2025, up from $168 million in 2024.

The board of Fertiglobe, which is majority owned by Abu Dhabi’s Adnoc, has proposed dividends of $135 million for the second half of 2025, subject to shareholder approval.

This would bring the dividend for the year to $260 million, alongside $74 million in share buybacks executed to date.  

Fertiglobe expects near-term nitrogen market fundamentals to remain robust, driven by healthy demand from major import markets and tight supply conditions. 

The medium-term outlook for urea is underpinned by consistent demand growth and limited supply additions, it said. Global ammonia capacity growth is forecast to rebalance market conditions gradually.

The company’s share price on ADX closed at AED2.84 on Wednesday. It is up 14 percent since January 1.