Yara reports strong deliveries and margins

25 Apr 2025 08:00 CEST

Yara reports first quarter 2025 EBITDA excluding special items(1) of USD 638
million compared with USD 435 million in first quarter 2024. Net income was USD
295 million compared with USD 16 million a year earlier.

First quarter 2025 highlights:

* EBITDA excl. special items(1) up 47%, with strong deliveries and margins
* Cost reductions on track and continuous improvements through portfolio
optimization
* Supportive nitrogen upgrading margins in the medium term
* Yara's scale and global optimization provide flexibility in volatile times

"We are pleased with reporting an improved first quarter result, as a solid
commercial and production performance has led to higher deliveries and improved
margins. With increased earnings and continuous progress on our cost reduction
program and portfolio optimization, we are delivering on our commitment to
increase returns in our ammonia and crop nutrition core," said Svein Tore
Holsether, President and Chief Executive Officer.

Maximizing shareholder returns is the sole driver for Yara's capital allocation.
With the combination of cost reduction, portfolio optimization and a tightening
nitrogen market, Yara's financial position is set to strengthen with increased
free cash flow and sustainable profitability. Operational and strategic
flexibility are critical factors in the volatile geopolitical landscape and Yara
is well positioned to secure profitable growth.

"A global asset footprint and downstream presence is Yara's key competitive
edge, and as a globally diversified company we have the flexibility to optimize
production and product flows. In recent years, Yara has demonstrated its ability
to successfully navigate through volatility, and operational flexibility is at
the core of how Yara continues to position itself in the face of volatile
markets and geopolitical instability," said Holsether.

Link to report, presentation, and webcast on 25th April 2025, at 12:00 CEST:
https://www.yara.com/investor-relations/latest-quarterly-report/

1) EBITDA excluding special items. For definition and reconciliation see APM
section in the 1Q report, pages 22-30. Special items within EBITDA of USD 72
million in 1Q25, all related to restructuring costs.

Contact
Maria Gabrielsen
Head of Investor Relations
M: +47 920 900 93
E: maria.gabrielsen@yara.com (mailto:maria.gabrielsen@yara.com)

Tonje Næss
Head of External Communications
M: +47 408 446 47
E: tonje.nass@yara.com (mailto:tonje.nass@yara.com)

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Maria Gabrielsen, Head of Investor Relations, at
Yara International ASA, on 25th April 2025 at 08:00 CEST.

About Yara

Yara's mission is to responsibly feed the world and protect the planet. We
pursue a strategy of sustainable value growth through reducing emissions from
crop nutrition production and developing low-emission energy solutions. Yara's
ambition is focused on growing a nature-positive food future that creates value
for our customers, shareholders and society at large and delivers a more
sustainable food value chain.

To drive the green shift in fertilizer production, shipping, and other energy
intensive industries, Yara will produce ammonia with significantly lower
emissions. We provide digital tools for precision farming and work closely with
partners at all levels of the food value chain to share knowledge and promote
more efficient and sustainable solutions.

Founded in 1905 to solve the emerging famine in Europe, Yara has established a
unique position as the industry's only global crop nutrition company. With
17,000 employees and operations in more than 60 countries, sustainability is an
integral part of our business model. In 2024, Yara reported revenues of USD
13.9 billion.

www.yara.com (https://www.yara.com)

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

More information:
Access the news on Oslo Bors NewsWeb site

644403_Yara 1Q 2025 Report.pdf
644403_Yara 1Q 2025 Presentation.pdf