Potash miner K+S reports Q2 core profit miss, confirms 2025 guidance (updated)
29/07/2025 11:39
Adds information on 2025 outlook and potash prices in the lede, adds agriculture sales and outlook details in paragraphs 3 and 4 July 29 (Reuters) - German potash and salt miner K+S SDFGn.DE on Tuesday reported second-quarter core profit below expectations but reaffirmed its 2025 guidance, as rising potash prices offset a 10-million-euro ($12-million) non-recurring mining provision impact and lower sales in its agriculture segment. The group reported second-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) of 110 million euros, below a company-provided consensus of 139 million euros. It said agriculture sales of 1.74 million tonnes were below the consensus figure of 1.84 million tonnes due to an earlier-than-scheduled maintenance break at its Bethune site in Canada, logistical challenges in June, and unfavourable exchange rate between the dollar and euro. K+S said it reaffirms its full-year outlook as potash prices had continued to rise moderately since the company reported on its first-quarter results in May. ($1 = 0.8639 euros) (Reporting by Bartosz Dabrowski in Gdansk, Editing by Rachel More) ((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))