OCI shares fall on higher capex, impairment risk

Oci NV

16/03/2026 11:06

** Shares in Dutch fertiliser and methanol producer OCI OCI.AS fall 5.4% after full-year results revealed higher capital spending and an impairment risk for its nitrogen business

** "OCI reports another CAPEX overrun for Beaumont and now estimates total cost to completion of circa $1.8 billion (+US$100m)," ING says

** ING also points to the impairment risk OCI flagged for the nitrogen unit due higher European natural gas prices, insufficient compensatory increase in product prices and other unforeseen events

** Degroof Petercam analysts say that while there is value in the company, "it is unclear whether this can be unlocked in the short-term"

** If the losses hold, the OCI shares are on track for their worst day since December

(Reporting by Dimitri Rhodes in Gdansk)

((dimitri.rhodes@thomsonreuters.com))