en.Wedoany.com Reported - Norwegian fertilizer producer Yara reported a net profit of $545 million in the second quarter of 2026, up 32% from $413 million in the same period of 2025. The company's revenue from April to June totaled $4.43 billion, compared to $3.95 billion in the same period last year; earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $1.06 billion, versus $645 million in Q2 2025.
Cumulative net profit for the first half of the year was $872 million, up 23.2% from $708 million in the same period last year; total revenue stood at $8.69 billion, compared to $7.60 billion in the same period last year; EBITDA reached $1.96 billion, versus $1.21 billion in the first half of 2025. Despite improved financial performance, both fertilizer production and deliveries declined. Production in the second quarter fell from 4.85 million tons to 4.62 million tons, and cumulative production in the first half dropped from 9.77 million tons to 9.51 million tons. Fertilizer deliveries in the second quarter decreased from 6.22 million tons to 5.18 million tons, and deliveries in the first six months fell from 11.99 million tons to 11.14 million tons.
In the Brazilian market, deliveries in the second quarter were 1.34 million tons, down from 1.38 million tons in the same period last year. Adjusted EBITDA excluding special items for the Americas business segment was $209 million in the second quarter, down 13% year-on-year. According to the company, this was primarily due to a 14% decline in deliveries, attributed to planned maintenance shutdowns and reduced off-season demand. Adjusted EBITDA for the Americas business in the first half reached $438 million, up 11% from the same period in 2025. The company attributed the growth to improved margins, despite a 4% decline in deliveries due to planned maintenance and seasonal demand decreases.
Yara stated it will advance a new phase of its operational improvement plan, targeting a $200 million increase in EBITDA by the end of 2027, with an additional $150 million increase by the end of 2030. The company said these gains will be achieved through improved asset utilization, optimized logistics, capturing commercial opportunities, and reallocating capital. Additionally, the company highlighted a transaction announced in July to acquire an ammonia plant on the U.S. Gulf Coast, stating it believes the deal can diversify energy cost exposure, enhance long-term competitiveness, and increase ammonia production flexibility.
Regarding the market environment, Yara said the Middle East war has increased volatility in global energy and fertilizer markets. The initial blockade of the Strait of Hormuz pushed up urea prices at the end of the European procurement season, while an import tender in India also boosted prices and led to delayed procurement in several markets. The company assessed that some of the sales volume decline in the second quarter was due to delayed demand and observed a recovery in procurement in strategic markets since mid-July. Based on natural gas futures prices as of July 7, 2026, and assuming stable procurement volumes, the company expects natural gas costs in the third and fourth quarters to be $75 million and $115 million higher, respectively, than in the same periods last year. At the end of the second quarter, the net debt to adjusted EBITDA ratio was 0.93, and the net debt to equity ratio was 0.34.
