Yara reports fourth quarter 2025 EBITDA excluding special items¹ of USD 709 million compared with USD 519 million in fourth quarter 2024. Net income for the quarter was USD 344 million compared with a loss of USD 290 million a year earlier.

Fourth quarter 2025 highlights:

• EBITDA excl. special items¹ of 709 MUSD, with increased nitrogen margins, reduced fixed costs and strong volumes 
• Delivered >200 MUSD in fixed cost reductions since 2Q24
• NOK 22 per share annual dividend proposed 
• Set for sustained cash-flow growth driven by further profitability initiatives, supported by constructive market fundamentals

"Yara delivers a strong quarter and full year for 2025. We have worked diligently to deliver on our cost reduction targets and sharpen our strategic focus to increase returns. I am pleased to say we have delivered on both, and we are well positioned to build on this momentum to further strengthen long-term value creation," said Svein Tore Holsether, President and Chief Executive Officer.

Yara delivered strong performance in 2025, with higher deliveries and production, supported by disciplined execution of the fixed cost and capex-reduction targets announced in Q2 2024. At the January 2026 Capital Markets Day, Yara introduced the next phase of its improvement program, targeting an incremental 200 MUSD EBITDA improvement by the end of 2027 and a further 150 MUSD EBTIDA improvement by the end of 2030. These improvements will be achieved through enhanced asset utilization, logistical optimization, targeted market opportunity and disciplined capital reallocation. Diversifying energy exposure and optimizing the business to mitigate increased carbon costs is a key priority to strengthening long-term resilience and returns. Yara continues to evaluate the optimal pathway to achieve this, including maturing the ammonia projects with Air Products, with an estimated final investment decision in mid-2026. Yara remains committed to delivering sustained cash flow growth and apply strict capital prioritization, supporting strong through-the-cycle shareholder returns.

"One of Yara's key strengths is our flexible business model, which positions us to navigate geopolitical and regulatory uncertainty. In a world where volatility has become the new normal, we continue to strengthen our resilience by focusing on what we can control. Our ability to adapt, optimize and deploy our system where it creates the most value, combined with the expertise and commitment of our people, ensures that Yara remains robust in any environment. Our flexibility is a proven advantage, enabling us to manage different scenarios with confidence and maintain strong performance over time," said Holsether.

Link to report, presentation, and webcast on 11^th February 2026, at 12:00 CET: https://www.yara.com/investor-relations/latest-quarterly-report/

1) For definition and reconciliation see APM section in the 4Q 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 11^th February 2026 at 08:00 CET.

About Yara International ASA

Yara is a global leader in crop nutrition and ammonia with a mission to responsibly feed the world and protect the planet.

Yara operates a global, flexible production system that delivers a diversified portfolio of nitrogen-based products. With our extensive global market reach and more than a century of agronomic knowledge and continuous innovation, we partner across the value chain to improve crop yields, optimize resource use, and reduce environmental impact.

Through diversified energy exposure and profitable decarbonization efforts, Yara is uniquely positioned to strengthen industrial competitiveness and create long-term value for customers, shareholders, employees, and society at large.

Founded in Norway in 1905, Yara operates in over 60 countries and serves more than 140 markets, employing about 15,700 people. In 2025, Yara reported revenues of USD 15.7 billion.

For more information, visit Yara.com or follow us on LinkedIn, X, Facebook or Instagram.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act