Yara grows 38% in the third quarter with increased margins

Yara International closed the third quarter of 2025 with adjusted EBITDA of US$804 million, a 38% increase compared to the same period last year. Net income totaled US$320 million, compared to US$286 million in 2024.

The company attributes this performance to increased margins, strong sales execution, and record industrial production. This was the third consecutive quarter of record sales. Revenue totaled US$4,1 billion, a 12% increase year-over-year.

In the first nine months of 2025, accumulated net income reached US$1,03 billion, more than triple the US$306 million obtained in the same period of 2024. Part of the increase reflects a non-cash foreign exchange gain of US$386 million.

Yara's cost reduction program exceeded the planned schedule. The annual savings target net of inflation was raised to US$180 million. The investment ceiling for 2025 was reduced by US$250 million, totaling US$1,1 billion.

Total deliveries remained stable at 8,1 million tons. The company reported growth in urea and NPK sales. In Latin America, deliveries increased to Brazil, the region's main market.

The Americas division's operating income rose 33% to US$251 million. In Europe, the increase was 109%, with adjusted EBITDA of US$191 million. Asia and Africa grew 10%, despite a drop in deliveries.

The global production unit's operating margin rose 71%, with adjusted EBITDA of US$214 million. The clean ammonia business saw a 17% increase, reaching US$30 million, driven by higher prices.