Earnings call transcript: Yara Q4 2025 sees strong EBITDA growth

Yara International, the Norwegian chemical giant and one of the world's largest fertilizer producers, reported a significant increase in its fourth-quarter EBITDA during a financial earnings call hosted from its Oslo headquarters on February 12, 2026. The company’s leadership presented the strong financial results to investors and analysts, attributing the growth to improved margins and higher production volumes following a period of global market stabilization. This performance marks a notable recovery for the agricultural sector leader as it navigates shifting energy costs and evolving global demand for crop nutrition solutions. During the detailed briefing, executives highlighted that the surge in earnings was driven primarily by lower nitrogen feedstock costs and a strategic focus on premium products. While the global fertilizer market has faced extreme volatility over the past few years, Yara's ability to optimize its production footprint allowed it to capture higher margins in key regions such as Europe and North America. The company also emphasized its continued investment in low-carbon ammonia projects, signaling a long-term commitment to decarbonizing the food chain while maintaining short-term profitability. Looking ahead to the remainder of 2026, the management team expressed cautious optimism regarding global food security and commodity prices. They noted that while farmer affordability has improved, geopolitical tensions remain a wildcard for natural gas supply, which is the primary input for nitrogen-based fertilizers. To mitigate these risks, Yara is strengthening its flexible production model and enhancing its digital farming tools to help producers increase yield efficiency. The positive quarterly results have provided the company with a solid foundation to maintain its dividend policy and continue its transition toward a sustainable green hydrogen economy.