Abu Dhabi, UAE – 29 April 2024: Fertiglobe (ADX: FERTIGLB), the world’s largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertilizer producer in the Middle East and North Africa region, and an early mover in sustainable ammonia, today announced the publication of its 2023 Integrated Annual Report.
With the publication of Fertiglobe’s 2023 Annual Report and audited financial statements, the Company has confirmed the unaudited results it issued on 14 February 2024. As previously announced, in 2023, Fertiglobe reported revenues of $2.4 billion and adjusted EBITDA of $1.0 billion, implying adjusted EBITDA margins of 42%, as well as adjusted net profit attributable to shareholders of $363 million. The Board of Directors has proposed H2 2023 dividends of $200 million (9 fils per share), subject to shareholder approval at the Annual General Meeting scheduled on 30 April 2024, bringing total 2023 dividend to $475 million.
The Integrated Annual Report is available on Fertiglobe’s website https://fertiglobe.com/investor-relations.
About Fertiglobe
Fertiglobe is the world’s largest seaborne exporter of urea and ammonia combined, and an early mover in sustainable ammonia. Fertiglobe’s production capacity comprises of 6.6 million tons of urea and merchant ammonia, produced at four subsidiaries in the UAE, Egypt and Algeria, making it the largest producer of nitrogen fertilizers in the Middle East and North Africa (MENA), and benefits from direct access to six key ports and distribution hubs on the Mediterranean Sea, Red Sea, and the Arab Gulf. Headquartered in Abu Dhabi and incorporated in Abu Dhabi Global Market (ADGM), Fertiglobe employs more than 2,700 employees and was formed as a strategic partnership between OCI Global (“OCI”) and the Abu Dhabi National Oil Company (“ADNOC”). Fertiglobe is listed on the Abu Dhabi Securities Exchange (“ADX”) under the symbol “FERTIGLB” and ISIN “AEF000901015. To find out more, visit: www.fertiglobe.com.
For additional information, contact:
Fertiglobe Investor Relations:
Rita Guindy, Director
Email: [email protected]
For additional information on Fertiglobe: www.fertiglobe.com
