ADNOC Group’s public companies saw robust profits in first three months of 2025
Fertiglobe
Latest in Fertiglobe
Abu Dhabi
Fertiglobe targets EBITDA of $1bn+ in its new ‘Grow 2030’ strategy
The Abu Dhabi company posts Q1 2025 revenues of $695mn, up 26% YoY and an adjusted EBITDA of $261mn, up 45%
Abu Dhabi
Abu Dhabi’s Fertiglobe to acquire Wengfu Australia’s distribution business
Purchase price will be based on the net asset value, plus a premium of approximately $8mn, with the final amount to be determined at closing
Abu Dhabi
Abu Dhabi’s Fertiglobe plans 2.5% share buyback, proposes $125mn dividend
The company’s AGM is slated for Wednesday, April 9
Abu Dhabi Securities Exchange
Al Ramz appointed as liquidity provider to ADNOC Gas and Fertiglobe
Following regulatory approvals, it commenced independent trading of ADNOC Gas shares on 12 March, and Fertiglobe shares from 13 March
Abu Dhabi
Fertiglobe defers Q4 shipments to benefit from rising nitrogen prices
Urea prices up 26% compared to early December 2024; Revenues for 2024 at $2.01 billion and adjusted EBITDA at $648 million
Abu Dhabi
Fertiglobe sees plenty of upside following ADNOC’s acquisition of OCI stake
For Q3 2024, revenues at $496 million, adjusted EBITDA at $176 million, while 9M 2024 revenues touch $1.5 billion
Abu Dhabi
ADNOC acquires OCI Global’s majority stake in Fertiglobe for $3.62bn
Abu Dhabi company now owns 86.2% shares in the company after buying OCI’s majority stake of 50% + 1 share
Abu Dhabi Securities Exchange
ADNOC set to close Fertiglobe stake; ADX sees $3.6bn sales of shares in chemical firm
ADNOC close to completion of acquisition of Fertiglobe shares
Abu Dhabi
Fertiglobe announces $150mn interim dividend for H1 2024
The approved dividend is equivalent to 6.6fils per share and takes the total dividend since IPO to $2.42 billion
Abu Dhabi
Fertiglobe wins bid to supply renewable ammonia to European Union
The total contract value, at a delivered price of $1,086 per ton, will potentially be $431.5 million to supply 397,000 tons by 2033
Abu Dhabi
Own-produced sales propel Fertiglobe’s Q1 revenue to $552 million
Cost optimisation and AI technology to help realise at least $100 million in incremental annual adjusted EBITDA by end of 2025
ADNOC
Fertiglobe maintains positive outlook on healthy nitrogen prices
Company reports $525 million revenue for Q3 2023 and $1.8 billion for the 9M; Announces dividends of $275 million for H1 2023
AD Ports
Fertiglobe’s strategic partnership with AD Ports Group explores urea and ammonia logistics
The two companies sign an MoU to explore collaboration opportunities in Egypt, the UAE and other geographies
Abu Dhabi
Fertiglobe reports strong H1 2023 revenues of $1.2bn
Attributable net profit for the six-month period fell to $214.9 million from $786 million; Company proposes H1 2023 dividends of at least $250 million
Abu Dhabi
Fertiglobe announces refinancing of outstanding loans at attractive terms
The Abu Dhabi-based company also upsizes its existing and untapped Revolving Credit Facility from $300 million to $600 million