Yara reports increased results and record high production

18 Jul 2025 08:00 CEST

Yara reports second quarter 2025 EBITDA excluding special items[1] of USD 652
million compared with USD 513 million in second quarter 2024. Net income was USD
413 million compared with USD 3 million a year earlier.

Second quarter 2025 highlights:

· EBITDA excl. special items1 of 652 MUSD, up 27% from 2Q24
· Increased margins driven by commercial performance, record-high
production[2] and supportive market fundamentals
· Cost and capex reduction program ahead of schedule
· 1H adjusted earnings per share[3] at 1.92 USD - up from 0.64 USD last year

"We are pleased to report continued improvement in our results, driven by
increased margins, strong commercial execution and another quarter of all-time
high production performance. At the same time, we are ahead of plan in our cost
and capex reduction program," said Svein Tore Holsether, President and Chief
Executive Officer.

With the combination of cost reduction, portfolio optimization and a tightening
nitrogen markets, Yara's financial position is set to strengthen with increased
free cash flow and sustained profitability. This will enable improved
shareholder returns, both through direct cash distributions and re-investment in
value-accretive growth opportunities - such as renewing our ammonia portfolio
through ammonia projects in the US.

"Through disciplined capital allocation and a strong focus on resource
efficiency, Yara continues to enhance returns. Going forward, we continue to
take steps to expand margins by diversifying energy costs and leveraging scale
and operational efficiencies across our global network," said Holsether.

Link to report, presentation, and webcast on 18th July 2025, at 12:00
CET: https://www.yara.com/investor-relations/latest-quarterly-report/

1) For definition and reconciliation see APM section in the 2Q report, pages 24
-32.

2) YIP production performance adjusted for portfolio optimization.

3) Adjusted basic earnings/(loss) per share excl. foreign currency exchange
gain/(loss) and special items. For definition and reconciliation see APM section
in the 2Q report, pages 24-32.

Contact

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

Tonje Næss
Head of External Communications
M: +47 408 446 47
E: 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 18th July 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

More information:
Access the news on Oslo Bors NewsWeb site

651490_Yara_2Q_2025_Presentation.pdf
651490_Yara_2Q_2025_Report.pdf