OCI flags surging costs due to Middle East conflict as nitrogen boosts sales (updated)

Oci NV

16/03/2026 07:59

Adds Middle East conflict effect in headline and paragraph 2, bullet points with details on results, context and outlook

March 16 (Reuters) - Dutch fertiliser maker OCI OCI.AS reported an 11% rise in its sales to $519 million for the second half of 2025 on Monday, driven by an increase in nitrogen sales.

However, the conflict in the Middle East has led to an around 60% rise in European natural gas prices, driving up production costs for nitrogen producers, and it may take time for selling prices to catch up, the company warned.

"It remains too early to determine the effects on OCI Nitrogen, including the extent of cost recovery, and whether these price increases will be sufficient to offset higher production costs partially or fully" - OCI

Adjusted core profit from continuing operations was $45 million in H2 2025, versus loss of $39 million in 2024

Adjusted net loss from continuing operations narrowed to $5 million from $63 million a year ago

OCI has divested several assets since H2 2024, including a 50% stake in ammonia and urea producer Fertiglobe

(Reporting by Tristan Veyet in Gdansk, editing by Milla Nissi-Prussak)

((Tristan.veyet@thomsonreuters.com;))