Focused improvements yield results: Yara reports solid Q3 performance

17 Oct 2025 08:00 CEST

Yara reports third quarter 2025 EBITDA excluding special items[1] of USD 804
million compared with USD 585 million in second quarter 2024. Net income was USD
320 million compared with USD 286 million a year earlier.

Third quarter 2025 highlights:

· EBITDA excl. special items[1] of 804 MUSD, up 38% from 3Q24
· Increasing returns through continued improvement focus and cost reductions,
supported by favorable market conditions
· Record high production[2] and strong commercial performance
· YTD 2025 adjusted earnings per share[3] at 3.25 USD - up from 1.37 USD last
year

"Our continuous focus on improvement is delivering solid results, and we are
pleased to report another strong operational quarter. This quarter's performance
reflects higher margins, strong commercial execution, and record-breaking
production levels for the third consecutive quarter. In parallel, we are ahead
of schedule in our cost reduction program, further strengthening our returns,"
said Svein Tore Holsether, President and Chief Executive Officer.

Yara makes progress on the improvement agenda to strengthen financial returns by
driving sustainable profitability in core operations and pursuing value
-accretive growth, supported by strict capital discipline. The group is
prioritizing cash conversion by allocating resources to high-return core assets
while scaling back non-core and lower-yield activities, ensuring increased
capital productivity.

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. Net income year-to-date 2025 is
USD 1,028 million, up from USD 306 million in 2024. While this is supported by a
non-cash net foreign currency gain of USD 386 million, it also clearly
demonstrates that Yara's improvement focus yields increased results. This will
enable improved shareholder returns through cash distributions and re-investment
in value-accretive growth opportunities subject to double digit returns - such
as renewing our ammonia portfolio by accessing low-cost ammonia through
potential equity positions the US ammonia projects.

Link to report, presentation, and webcast on 17th October 2025, at 12:00 CEST:
https://www.yara.com/investor-relations/latest-quarterly-report/

1) For definition and reconciliation see APM section in the 3Q report, pages 22
-29.
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 3Q report, pages 22-29.

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 17th October 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

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

More information:
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657382_Yara_3Q_2025_Presentation.pdf
657382_Yara_3Q_2025_Report.pdf