Futures and Commodity Market News

AMSTERDAM, Mar 16, 2026 (CNW Group via COMTEX) --

 

Foreword

Subsequent to the reporting period, geopolitical developments in the Middle East have led to an immediate and significant increase in European natural gas prices of approximately 60%, resulting in materially higher production costs for nitrogen producers, and heightened market volatility. While fertilizer prices, including nitrates have also increased, and AdBlue (DEF) prices are tracking urea, there is typically a timing lag between changes in feedstock costs and realized selling prices. Given the rapidly evolving situation, visibility on the duration of elevated gas prices and the sustainability of higher fertilizer pricing remains limited.  As such, it remains too early to determine the effects on OCI Nitrogen (OCIN), including the extent of cost recovery, and whether these price increases will be sufficient to offset higher production costs partially or fully.

Hassan Badrawi, CEO of OCI Global commented:

"2025 marked the 75-year anniversary of OCI including its predecessor. During this period, the company's activities have spanned sectors including construction, select infrastructure, various building materials, cement, nitrogen fertilizers, melamine, methanol and biomethanol, and blue ammonia. OCI's most recent strategic review has generated gross proceeds of USD 11.9 billion to date, which - combined with operating cash flows - has enabled approximately USD 7 billion (EUR 31 per share equivalent) in shareholder distributions over the past four years.

In June 2025, we closed the sale of our global methanol business to Methanex Corporation. In late December, the Beaumont New Ammonia facility achieved the major milestone of first ammonia production, and today we are close to achieving Project Completion, at which time the facility will shortly thereafter be formally handed over to Woodside Energy. In November, we reached an agreement to divest OCI's ammonia distribution and terminal business to AGROFERT, a significant European nitrogen products manufacturer, with closing expected in H1 2026. Our objective remains to effect a strategic sale of the remaining OCI Nitrogen business.

In September 2025, we announced our intention to pursue a potential combination with Orascom Construction to establish a scalable infrastructure and investment platform anchored in Abu Dhabi. Agreement on the envisaged combination was reached on 9 December 2025, subject to customary conditions including shareholder approval.

In early January 2026, the Dutch association for retail shareholders (the "VEB") and a number of other shareholders petitioned the Enterprise Chamber of the Amsterdam Court of Appeals for an inquiry into the course of events and to take measures to prevent the transaction from being carried out in the short term. The Court has issued a preliminary ruling temporarily prohibiting a shareholder vote on the transaction and appointing two independent nonâ??executive directors. These directors have the specific task of ensuring that the board of OCI, in the context of the contemplated transaction, or a similar transaction with Orascom, complies with its statutory duties, including towards minority shareholders. Only with the consent of the two court-appointed directors, the envisaged combination, or a similar transaction with Orascom Construction, can be submitted for approval of the general meeting. While the proceedings remain ongoing, the Company will communicate to stakeholders as appropriate. A decision on whether an inquiry will be ordered is subject to further proceedings."

Financial Highlights

FY 2025 Key Highlights

H2 2025 Key Highlights

Free Cash Flow and Net Debt Highlights

Key Strategic and Business Highlights

Noteworthy milestones in the second half of 2025 included:

Beaumont New Ammonia

OCI Nitrogen

OCI Methanol

Fertiglobe Contingent Consideration and Liabilities

Other Contingent Liabilities and Indemnifications

OCI Nitrogen Impairment Risk

 

Total Financial Results at a Glance (Continuing and Discontinued)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of reported operating profit to adjusted EBITDA

Adjusted EBITDA

Adjusted EBITDA is an Alternative Performance Measure (APM) that intends to give a clear reflection of the underlying performance of OCI's operations. The main APM adjustments in the second half of 2025 and 2024 relate to:

 

 

 

 

Adjusted net profit / (loss) attributable to shareholders

 

 

 

Notes

This report contains unaudited second half financial highlights of OCI Global ('OCI,' 'the Group' or 'the Company'), a public limited liability company incorporated under Dutch law, with its head office located at Honthorststraat 19, 1071 DC Amsterdam, the Netherlands.

OCI Global is registered in the Dutch commercial register under No. 56821166 dated 2 January 2013. The Group is primarily involved in the production of nitrogen-based fertilizers and industrial chemicals.

Auditor

The financial highlights and the reported data in this report have not been audited by an external auditor.

Investor and Analyst Conference Call

On 16 March 2026 at 14:30 CET, OCI will host a conference call for investors and analysts. Investors can find the details of the call on the Company's website at www.oci-global.com.

Market Abuse Regulation

This press release contains inside information as meant in clause 7(1) of the Market Abuse Regulation.

About OCI Global

Learn more about OCI at www.oci-global.com. You can also follow OCI on Twitter and LinkedIn.

SOURCE OCI Global

SOURCE: OCI Global

OCI Global Investor Relations, Sarah Rajani, CFA, Email: sarah.rajani@oci-global.com,
OCI stock symbols: OCI / OCI.NA / OCI.AS

COMTEX_475345560/2197/2026-03-16T03:07:00

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