Fertiglobe, recognized as the world’s premier seaborne exporter of urea and ammonia products, has announced exceptional financial results for the fourth quarter and full year of 2025. The company, which serves as the exclusive ammonia platform for Adnoc and XRG, demonstrated remarkable growth with Q4 revenues surging 73% year-over-year to $808 million.
The full-year performance proved even more impressive, with annual revenues climbing 41% to $2.8 billion. Adjusted EBITDA reached $1.02 billion, representing a substantial 57% increase compared to 2024 figures. Net profit attributable to shareholders saw extraordinary growth, escalating by 87% to $325 million for the year.
Reflecting this robust financial performance, Fertiglobe’s Board has recommended second-half 2025 dividends of $135 million (6.1 fils per share), bringing total dividends for the year to $260 million. Combined with $74 million in share buybacks executed to date, the company has returned $334 million to shareholders in 2025 alone. This capital return strategy demonstrates Fertiglobe’s commitment to delivering competitive shareholder yields exceeding 5%.
Since its initial public offering, Fertiglobe has paid or committed to pay $2.9 billion in capital returns to shareholders. The company’s ongoing share repurchase program, targeting 2.5% of outstanding shares, has already resulted in the buyback of 111 million shares worth $74 million as of February 10, 2026.
The company’s financial position remains strong with a net debt of $1,006 million as of December 31, 2025, representing a conservative net debt to EBITDA ratio of 1.0x. This solid balance sheet provides Fertiglobe with ample flexibility to pursue strategic growth investments while maintaining attractive shareholder distributions.
CEO Ahmed El-Hoshy attributed this success to disciplined execution of the Grow 2030 strategy, noting that ‘we have already activated more than 40% of our 2030 growth target.’ The strategy has focused on operational efficiency improvements, record production levels at facilities in Algeria and EFC-2, significant cost reductions, and strategic portfolio expansion.
Under Adnoc’s majority ownership, Fertiglobe has strengthened both its industrial and financial foundations, implementing 99% of cost optimization targets and advancing manufacturing improvement plans that have delivered 46% of planned reliability and energy efficiency gains. Strategic acquisitions, including Wengfu Australia, have expanded Fertiglobe’s global footprint while production scale-up of Diesel Exhaust Fluid and Automotive Grade Urea in Egypt and the UAE has created more resilient, higher-margin revenue streams.
The company remains well-positioned to capitalize on tight urea and ammonia markets, with current prices exceeding $500/t for Egypt FOB urea and $670/t for NW Europe ammonia. Fertiglobe’s outstanding safety performance in 2025 further underscores the comprehensive transformation underway across all operational aspects as the company progresses toward its zero-incident safety目标.