Fertiglobe Announces Minimum Return of Capital to Shareholders of at Least $277 million for 2025; Showcases Progress on “Grow 2030 Strategy”

• Fertiglobe’s Board approves H1 2025 dividends of $125 million (5.58 fils per share), 25% above earlier guidance of at least $100 million. This brings total H1 2025 return of capital to shareholders to $156 million, incl. $31 million of share buybacks.
• Management guides for H2 2025 dividends of at least $100 million (4.46 fils per share). Incl. $52 million share buybacks¹, total return of capital to shareholders for 2025 would be at least $277 million, implying a competitive yield of at least 5%².
• Q3 2025 adjusted EBITDA expected to be at least $250 million, building on recent market tightness and continued execution on its “Grow 2030 Strategy”, well above Q2 2025 adjusted EBITDA of $176 million.
• Successful implementation of $19 million run-rate fixed cost savings with ADNOC’s support as of 1 September 2025, ahead of schedule, resulting in 9% EPS accretion vs. 2024 on a run-rate basis. This takes total cost savings implemented to $46 million or 84% of the announced target.
• Integration of Artificial Intelligence (AI) is expected to unlock at least $25 million of incremental EBITDA per year by 2030 via asset optimization, anomaly detection and predictive maintenance, reflecting a $20 million increase compared to previously announced targets, with potential for further value creation resulting from ongoing initiatives.
• Fertiglobe scaled its Diesel Exhaust Fuel (DEF) or AdBlue production capabilities in the UAE to guarantee a reliable and high-quality domestic supply. It also signed exclusivity agreements and established production capacity for Automotive Grade Urea (AGU) in Egypt into European markets, with potential to deliver a combined annual EBITDA uplift of at least $22 million by 2030³.

Abu Dhabi, UAE – October 8, 2025: Fertiglobe (the “Company”) (ADX: FERTIGLB), the world’s largest seaborne exporter of urea and net ammonia combined, the largest nitrogen fertilizer producer in the Middle East and North Africa region, and the exclusive ammonia platform of ADNOC and XRG, announced today the Board of Directors’ (BoD) approval of an interim cash dividend for H1 2025 of $125 million, equivalent to 5.58 fils per share, compared to earlier guidance of at least $100 million. This brings total return of capital to shareholders for H1 2025 to $156 million, including $31 million in share buybacks as of 30 June 2025. The record date for the H1 2025 dividend will be on 17 October 2025, with payment at the end of October 2025. Fertiglobe also commits to minimum dividends of $100 million for H2 2025 (4.46 fils per share), with the exact amount to be confirmed with full year results. This brings total return of capital to shareholders to at least $277 million for 2025, including $52 million share buybacks completed to 30 September 2025, and to $2.8 billion since IPO.

Delivering on its “Grow 2030 Strategy”, Fertiglobe successfully implemented $19 million in fixed cost savings with ADNOC’s support as of 1 September 2025, leading to an EPS accretion of 9% on a run-rate basis, forming the majority of the $15-21 million savings targeted for 2025 and bringing total cost savings implemented to $46 million or 84% of the announced target. 

In addition, Fertiglobe scaled its Diesel Exhaust Fuel (DEF) or AdBlue production capabilities in the UAE to guarantee a reliable and high-quality domestic supply. It also signed exclusivity agreements and established production capacity for Automotive Grade Urea (AGU) in Egypt into European markets, with potential to deliver a combined annual EBITDA uplift of at least $22 million by 2030³.

Driven by the robust pricing backdrop for nitrogen products in recent weeks on the back of tight supply and demand conditions, and the progress made on the company’s key strategic pillars, Fertiglobe’s management expects Q3 2025 adjusted EBITDA to be at least $250 million, well above Q2 2025 adjusted EBITDA of $176 million.

Ahmed El-Hoshy, Chief Executive Officer of Fertiglobe, commented: “We are pleased to reaffirm our commitment to shareholder value creation through the minimum $277 million return of capital for 2025 confirmed today, offering one of the most compelling yields in our industry and market, supported by ADNOC and our exceptional team. I am proud of the swift progress we have delivered against our “Grow 2030 Strategy”, including the closing of the Wengfu Australia’s distribution asset acquisition, where payback is expected in less than 4 months, and the cost reduction measures implemented with the support of our parent. Additionally, we have scaled our AdBlue capacity in the UAE, entered into exclusivity agreements and established production of AGU in Egypt for export into European markets. Collectively, the implemented initiatives are expected to contribute c.$91 million in annual EBITDA by 2030³, reflecting c.25% of the targeted growth, and we remain focused on delivering further value in the months ahead.”

In line with the company’s announced Manufacturing Improvement Plan (MIP) aimed at increasing production and energy efficiency, with potential to add $110-120 million of run rate EBITDA by 2028³, Fertiglobe has successfully commissioned a Hydrogen Recovery Unit (HRU) in the UAE. The project delivers an annual IRR of over 25%, increasing ammonia production by up to 6% while reducing CO₂ emissions, and aligns well with our commitment to fostering sustainable growth.

Furthermore, as part of the MIP, Fertiglobe emphasizes its focus on Artificial Intelligence (AI), which alone is expected to unlock at least $25 million of incremental EBITDA by 2030 via asset optimization, anomaly detection and predictive maintenance, reflecting a $20 million increase compared to the previously announced targets³, with potential for further value creation resulting from ongoing initiatives.