Fertiglobe targets Ebitda of more than $1 billion  by 2030

Fertiglobe, the world’s largest seaborne exporter of urea and ammonia combined, and Adnoc’s low-carbon ammonia platform, on Wednesday announced that first quarter revenues grew 26 per cent year on year and 49 per cent quarter on quarter to $695 million.

Adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) stood at $261 million (a rise of 45 per cent year on year and 65 per cent over the previous quarter. Adjusted profit attributable to shareholders was $73 million a growth of 74 per cent quarter on quarter.

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The company also unveiled its growth strategy till 2030, which aims to transform Fertiglobe into a global integrated downstream product champion with more than $1 billion Ebitda, well placed for the energy transition, via four strategic pillars: operational excellence (+$165 - 175 million by 2030), customer proximity (+$30 - 45 million by 2030), nitrogen product expansion (+$75 - 100 million by 2030), disciplined low-carbon ammonia growth (+$70 - 100 million by 2030).

Ahmed El-Hoshy, CEO of Fertiglobe, commented: “We are pleased to announce a strong set of Q1 2025 results, driven by robust operational performance and supportive market conditions. Operationally, we delivered a 7 per cent increase in our own-produced sales volumes vs. Q1 2024, and 31 per cent vs. Q4 2024. This was driven by the strategic shift of shipments from Q4 to capitalize on improving market conditions, and improved plant operating rates, reflecting successful execution on Phase 1 of the Manufacturing Improvement Plan (“MIP”) focused on enhancing energy and production efficiency. 

“We are uniquely positioned to play a critical role in meeting global demand for low-carbon ammonia, underpinned by our unparalleled production platform, established market position and the extensive support of Adnoc’s project pipeline and global reach.  We are prioritizing disciplined capital allocation and demand-led value accretive investments into low-carbon ammonia, which are expected to contribute $70-100 million to Ebitda by 2030.”

Somshankar Bandyopadhyay

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somshankar@khaleejtimes.com

Somshankar Bandyopadhyay is a News Editor with close to three decades of experience. Currently, he manages the business section, ensuring that the top economic and business news of the day reaches its readers.