Proposes dividend increase of at least 20%
Fertiglobe, the world’s largest seaborne exporter of combined urea and net ammonia, the largest nitrogen fertilizer producer in the Middle East and North Africa, and the exclusive ammonia platform of ADNOC and XRG, recently reported a strong second-quarter performance.
With adjusted EBITDA more than doubling year-on-year to US$ 371mn and adjusted net profit attributable to shareholders surging 12.5 times to US$ 145mn.
Reflecting this strong earnings momentum and disciplined capital allocation, the company has proposed a minimum H1-2026 dividend of US$ 150mn, representing an increase of more than 20% year-on-year.
Top revenues
For the first half of 2026, Fertiglobe delivered revenues of US$ 2bn, up 59% year-on-year, while adjusted EBITDA increased 63% to US$ 713mn and adjusted net profit attributable to shareholders rose 3.4 times to US$ 289mn.
The performance reflects disciplined execution, record-high utilization rates in Egypt and Algeria, and the Company’s ability to leverage its diversified production, trading, and logistics platform to navigate regional disruptions and continue serving customers globally.
“Despite ongoing constraints, we exported volumes from the UAE equivalent to 56% of Q2 2026 production, which was impacted by critical maintenance activities on one of the lines,” asserted Ahmed El-Hoshy, CEO, Fertiglobe.
‘Grow 2030’ Strategy
Backed by a strong balance sheet and the support of XRG, ADNOC’s international investment company, Fertiglobe remains well positioned to deliver on its ‘Grow 2030’ strategy. “We will continue to leverage our diversified footprint, logistical flexibility, and integrated global platform to create value and deliver resilient growth for our shareholders,” he added.
In line with Fertiglobe’s commitment to delivering shareholder value, management proposed H1-2026 dividends at a minimum of US$ 150mn, subject to the Board’s approval in September 2026 with payment to be effected in October 2026.
