Fertiglobe plc

On February 14, 2024, Fertiglobe plc held a virtual board of directors meeting in which they approved the company's unaudited annual financial statements for the financial year ended December 31, 2023. They also proposed a cash dividend distribution of USD 200 million (equivalent to AED 734.5 million or approximately 9 fils per share) for the second half of the financial year ended December 31, 2023. The proposal will be considered by the shareholders in a general assembly meeting with a date yet to be determined. The board also reviewed recent developments related to the company's activities and projects. The information was relayed by Ms. Rita Guindy, Director of Investor Relations.

The Board of Directors of Fertiglobe plc will hold a virtual meeting on Tuesday, 13 February 2024 at 5:30 p.m. The meeting will discuss the company's unaudited annual financial statements for the financial year ended 31 December 2023, a proposal of cash dividends distribution to the shareholders for the second half of the financial year ended 31 December 2023, and general matters relating to the company's activities and projects. The information was shared by Ms. Rita Guindy, Director of Investor Relations.

The Abu Dhabi Securities Exchange has received a notification regarding the ownership of Fertiglobe plc by its major shareholders, the Abu Dhabi National Oil Company (ADNOC) and OCI Fertilizers B.V. (OCI Global). The two companies have entered into an agreement concerning their ownership in Fertiglobe. The information was relayed by Ms. Rita Guindy, Director of Investor Relations.

Fertiglobe, a partnership between ADNOC and OCI Global, has completed the first shipment of the world's first internationally recognized renewable ammonia with ISCC PLUS certification. The renewable ammonia, produced at the company's facilities in Egypt using renewable hydrogen, will be used in the production of near-zero emissions synthetic soda ash for Unilever. The shipment was sent to Tuticorin Alkali Chemicals and Fertilisers Limited (TFL) who will produce the soda ash for Unilever’s India business, Hindustan Unilever (HUL). Fertiglobe is also involved in several sustainability projects including the Egypt Green Hydrogen project and the Ta’ziz low-carbon ammonia project.

Fertiglobe has reconfirmed its record date of 16 November 2023 for the semi-annual interim dividend distribution for H1 2023. The company will distribute a cash payment of 12 fils per share on 5 December 2023 to shareholders as of the close of trading on 16 November 2023. This, combined with a $700 million cash distribution for H2 2022 paid earlier in the year, brings the total cash return paid to shareholders in 2023 to $975 million.

The Board of Directors of Fertiglobe plc held a meeting on 6th November 2023. The board approved the financial results for the third quarter of the financial year 2023. They also approved the interim cash dividends distribution to the company's shareholders for the first half of the current financial year 2023 amounting to USD 275 million (equivalent to AED 1,010 million, approximately 12 fils per share). The last entitlement date is 14th November 2023, the ex-dividend date is 15th November 2023, and the shareholders' registry closing date is 16th November 2023. The payment date will be within 30 days of 6th November 2023.

The text provides an unaudited condensed consolidated interim financial statement for the quarter ending on 30th September 2023. This document is likely to contain key financial data, performance metrics, and other financial information for the specified period.

Fertiglobe's Q3 2023 revenues and adjusted EBITDA were $525 million and $199 million, respectively, while adjusted net profit and free cash flows were $41 million and $126 million, respectively. The company's own-produced sales volume increased by 8% Y-o-Y due to a 10% increase in own-produced urea sales volumes. For the first nine months of 2023, Fertiglobe's revenues and adjusted EBITDA were $1,770 million and $715 million, respectively. The company announced dividends of $275 million for H1 2023 and plans to maintain healthy dividend distributions. Fertiglobe also reached an agreement with a group of its core relationship banks on a new $500 million term facility. The company is on track to achieve its targeted $50 million run rate savings by the end of 2024 and is advancing its sustainability-focused projects. Nitrogen, ammonia, and urea prices have increased, and Fertiglobe expects higher sales at increased prices for the remainder of the year.

Fertiglobe has reported Q3 2023 revenues of $525 million, adjusted EBITDA of $199 million, adjusted net profit of $41 million, and free cash flows of $126 million. The company's own-produced sales volume increased by 8% year-on-year due to a 10% rise in own-produced urea sales volumes. For 9M 2023, revenues were $1.8 billion, adjusted EBITDA $715 million, adjusted net profit $261 million, and free cash flows $458 million. Fertiglobe has announced dividends of $275 million for H1 2023. The company's cost optimization program is on track to achieve its targeted $50 million run rate savings by the end of 2024. Fertiglobe is also advancing sustainability-focused projects, including the world's first modular CycloneCC carbon capture unit. The market outlook remains positive with nitrogen prices bottoming in late Q2 2023/early Q3 2023.

The Board of Directors of Fertiglobe plc will hold a virtual meeting on Monday, 6 November 2023 at 4:30 pm. The agenda includes the approval of the company's financial results for the third quarter of the current financial year 2023, approval of the company's interim cash dividends distribution to the shareholders for the first half of the current financial year 2023, and discussion of general matters relating to the company's activities and projects.