Yara reports second quarter 2025 EBITDA excluding special items¹ of USD 652 million compared with USD 513 million in second quarter 2024. Net income was USD 413 million compared with USD 3 million a year earlier.

Second quarter 2025 highlights:

• EBITDA excl. special items1 of 652 MUSD, up 27% from 2Q24
• Increased margins driven by commercial performance, record-high production² and supportive market fundamentals
• Cost and capex reduction program ahead of schedule
• 1H adjusted earnings per share³ at 1.92 USD - up from 0.64 USD last year

"We are pleased to report continued improvement in our results, driven by increased margins, strong commercial execution and another quarter of all-time high production performance. At the same time, we are ahead of plan in our cost and capex reduction program," said Svein Tore Holsether, President and Chief Executive Officer.

With the combination of cost reduction, portfolio optimization and a tightening nitrogen markets, Yara's financial position is set to strengthen with increased free cash flow and sustained profitability. This will enable improved shareholder returns, both through direct cash distributions and re-investment in value-accretive growth opportunities - such as renewing our ammonia portfolio through ammonia projects in the US.

"Through disciplined capital allocation and a strong focus on resource efficiency, Yara continues to enhance returns. Going forward, we continue to take steps to expand margins by diversifying energy costs and leveraging scale and operational efficiencies across our global network," said Holsether.

Link to report, presentation, and webcast on 18th July 2025, at 12:00 CET: https://www.yara.com/investor-relations/latest-quarterly-report/

1) For definition and reconciliation see APM section in the 2Q report, pages 24-32.

2) YIP production performance adjusted for portfolio optimization.

3) Adjusted basic earnings/(loss) per share excl. foreign currency exchange gain/(loss) and special items. For definition and reconciliation see APM section in the 2Q report, pages 24-32.

Contact

Maria Gabrielsen
Head of Investor Relations
M: +47 920 900 93
E: maria.gabrielsen@yara.com

Tonje Næss
Head of External Communications
M: +47 408 446 47
E: tonje.nass@yara.com  

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Maria Gabrielsen, Head of Investor Relations, at Yara International ASA, on 18th July 2025 at 08:00 CEST.

About Yara

Yara's mission is to responsibly feed the world and protect the planet. We pursue a strategy of sustainable value growth through reducing emissions from crop nutrition production and developing low-emission energy solutions. Yara's ambition is focused on growing a nature-positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.

To drive the green shift in fertilizer production, shipping, and other energy intensive industries, Yara will produce ammonia with significantly lower emissions. We provide digital tools for precision farming and work closely with partners at all levels of the food value chain to share knowledge and promote more efficient and sustainable solutions.

Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry's only global crop nutrition company. With 17,000 employees and operations in more than 60 countries, sustainability is an integral part of our business model. In 2024, Yara reported revenues of USD 13.9 billion.

www.yara.com