Germany's K+S posts full-year core earnings beat
12/03/2026 06:00
March 12 - German potash and salt miner K+S SDFGn.DE reported on Thursday a better-than-expected core profit for the past financial year, helped by higher prices and lower freight costs offsetting higher energy and personnel expenses. The Hessian-based firm reported earnings before interest, taxes, depreciation and amortization of 612.8 million euros ($707.1 million) for 2025. That was above analysts expectations of 603.4 million euros according to a poll by Vara research. Potassium chloride prices have slightly risen, climbing to slightly above the $350 a metric ton mark by the end of the year, from historic lows of late 2024, where they fell to below $280 a ton Revenue came in slightly below expectations, at 3.65 billion euros, compared with analysts expectations of 3.68 billion euros according to Vara research K+S said it aims for 2026 to reach an EBITDA within a range of 600-700 million euros and an adjusted free cash flow at or above break-even It added the assumptions on which the 2026 outlook is based include take into account the consequences stemming from the war in the Middle East. K+S said it is to propose a dividend of 7 cents per share. ($1 = 0.8667 euros) (Reporting by Tristan Veyet in Gdansk, editing by Matt Scuffham) ((tristan.veyet@thomsonreuters.com))