Yara reports increased margins and strong volumes in 1Q

24 Apr 2026 08:00 CEST

Yara reports first quarter 2026 EBITDA excluding special items[1] of USD 896
million compared with USD 638 million in first quarter 2025. Net income for the
quarter was USD 327 million compared with USD 295 million a year earlier.

First quarter of 2026 highlights:

· EBITDA excluding special items[1] of 896 MUSD
· Increased nitrogen margins and strong deliveries
· Significant supply shocks driven by geopolitical events disrupting global
fertilizer markets
· Yara's global business model is uniquely positioned to manage volatility

"Yara's financial results continue on its positive trend as we deliver on our
strategic priorities outlined at our Capital Markets Day. The quarter delivered
strong results, reflecting increased nitrogen margins, solid volumes and a
sustained focus on operational performance," said Svein Tore Holsether,
President and Chief Executive Officer.

The war in the Middle East continues to impact global energy and fertilizer
markets. The blockage of the Strait of Hormuz disrupts roughly one-third of
globally traded urea, as well as other critical inputs for fertilizer
production, including natural gas, ammonia, phosphates and sulphur. The supply
shock led to an immediate product shortage in global markets, forcing demand to
adjust accordingly through sharply increased global fertilizer prices.

Yara's global business model enables optimization between markets, and Yara has
increased operational flexibility and robustness through its improvement
program. This includes maintaining high production levels to ensure efficient
asset utilization, enabling reliable supply to a fertilizer market impacted by
significant supply shocks. Yara also has the flexibility to source ammonia
globally, allowing it to optimize production if higher European gas prices
reduce the profitability of ammonia production, as was the case in 2022. In
recent years, Yara has demonstrated the resilience of its business model and is
 uniquely positioned to navigate volatility.

"Developments in the Middle East put significant pressure on the global food
system, with knock on effects across the value chain and growing challenges for
farmer affordability. This volatility highlights how fragile the food system is,
and why resilient fertilizer supply chains and a strong farming community are
essential. Fertilizers play a critical role in food security, and Yara remains
focused on upholding production and deliveries. By utilizing its global business
model, Yara is well positioned to optimize operations  in an uncertain global
environment marked by increased regional price and demand volatility," said
Holsether.

Link to report, presentation, and webcast on 24th April 2026, at 13:00 CEST:
https://www.yara.com/investor-relations/latest-quarterly-report/

1) For definition and reconciliation see APM section in the 1Q 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 24th April 2026 at 08:00 CEST.

About Yara International ASA

Yara is a global leader in crop nutrition and ammonia with a mission to
responsibly feed the world and protect the planet.

Yara operates a global, flexible production system that delivers a diversified
portfolio of nitrogen-based products. With our extensive global market reach and
more than a century of agronomic knowledge and continuous innovation, we partner
across the value chain to improve crop yields, optimize resource use, and reduce
environmental impact.

Through diversified energy exposure and profitable decarbonization efforts, Yara
is uniquely positioned to strengthen industrial competitiveness and create
long-term value for customers, shareholders, employees, and society at large.

Founded in Norway in 1905, Yara operates in over 60 countries and serves more
than 140 markets, employing about 15,700 people. In 2025, Yara reported revenues
of USD 15.7 billion.

For more information, visit yara.com (https://www.yara.com/) or follow us on
LinkedIn (https://www.linkedin.com/company/yara), X (https://x.com/yara),
Facebook (https://www.facebook.com/yarainternational) or
Instagram (https://www.instagram.com/yarainternational/).

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

More information:
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671395_Yara_1Q_2026_Presentation.pdf
671395_Yara_1Q_2026_Report.pdf