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According to Sinochem New Network, Yara International recently released its financial results for the fourth quarter of 2025 and the whole year, with the company’s profits exceeding market expectations. In terms of performance, in the fourth quarter of 2025, Yara posted a net profit of $344 million. In the same period last year, it recorded a loss of $290 million, thus exceeding market expectations. Excluding special items, EBITDA amounted to $709 million, a 37% increase year-on-year. For the full year of 2025, net profit reached $1.37 billion, far exceeding the $15 million recorded in 2024. Revenue amounted to $15.71 billion, showing year-on-year growth but slightly falling short of market expectations. In addition, Yaren is working with Air Products on an ammonia project; a final investment decision is expected to be made by mid-2026, followed by the signing of an underwriting agreement for the ammonia products under this partnership. Yaren reiterates its performance targets: an additional increase of $200 million in EBITDA by the end of 2027, and another $150 million by the end of 2030. Regarding the global nitrogen fertilizer market in 2026, Yara stated that the market remains tight, primarily due to strong underlying demand and supply issues in 2025. Strong sales and imports in Europe during the fourth quarter of 2025 led to a sluggish market start in early 2026. The peak period for new urea production capacity worldwide has passed; the growth rate of supply after 2026 will be lower than that of demand. Coupled with demand support, the global urea supply and demand balance is expected to remain tight in the coming years. Falling European natural gas prices will also boost local production profits. In the first and second quarters of 2026, Yara expects its raw material natural gas costs to decrease by $80 million and $70 million respectively, compared to the same periods last year.