K+S reports Q3 core profit beat thanks to higher potash prices
11/11/2025 06:00
Nov 11 (Reuters) - German potash and salt miner K+S SDFGn.DE reported on Tuesday a better than expected core profit for the third quarter, helped by higher average prices in its agriculture business. Potassium chloride prices have stabilized in recent months, hovering slightly above the $350 a metric ton mark, rising from historic lows of late 2024, where they fell to below $280 a ton. The Hessian-based firm reported earnings before interest, taxes, depreciation and amortization of 111 million euros ($129 million) for the July-September period. That was above analysts expectations of 105 million euros according to a poll by Vara research. K+S said that selling prices increased slightly compared with the second quarter of 2025, mitigating the cost of maintenance works. However, its revenue came in at 879 million euros, below analysts expectations of 910 million euros according to Vara. That was due to below average demand for de-icing salt in its industrial business, the company said. K+S results echoed those of peers such as U.S.-based Mosaic, MOS.N and Norwegian Yara YAR.OL which beat expectations as higher prices drive up profits. The company also narrowed its core profit outlook. It now expects 2025 core profit within a range of 570-630 million euros from a previously expected 560-640 million euros. K+S lowered its sales volumes guidance. It now expects total sales volumes for the year of 7.4 million tonnes for all agricultural goods, compared with a previously expected 7.5-7.7 million tonnes. ($1 = 0.8575 euros) (Reporting by Tristan Veyet and Jesus Calero in Gdansk, Patricia Weiss in Frankfurt, editing by Matt Scuffham) ((Tristan.Chabba@thomsonreuters.com;))