Fertiliser maker Yara reports Q3 core profit beat (updated)
17/10/2025 07:34
Adds CEO quote in paragraph 2, shares and analyst comment in paragraphs 5-6, outlook in paragraph 7-8 By Tristan Veyet and Jesus Calero Oct 17 (Reuters) - Yara, YAR.OL one of the world's largest producers of fertilisers, beat third-quarter adjusted core profit expectations on Friday, citing higher prices and cost cuts. "The volume mix is virtually unchanged compared to the same quarter a year ago. But it's prices that are increasing," CEO Svein Tore Holsether said in an interview with Reuters. Tight supply keeps fertiliser prices elevated, boosting profitability. Yara's earnings before interest, taxes, depreciation and amortization, and excluding special items (adjusted EBITDA) were $804 million, up 38% from a year earlier and 3% above analysts' forecast of $781 million. Still, its shares were down around 3% at 0734 GMT, after gradually recovering from this year's lows seen in April. Up to Thursday's close, they were up 27% so far in 2025. "My view is that I think the numbers were solid," Danske Bank analyst Elliott Jones said, adding that likely investors were taking profits. Yara reiterated both its aim to reach fixed costs savings net of inflation of $180 million this year, and its capital expenditure guidance of $1.1 billion, $250 million lower than before. The Oslo-based firm also said it expected lower gas costs for the fourth quarter of the year and first quarter of 2026, cutting estimates by $40 million and $75 million respectively. Yara last year embarked on a $300 million cost-cutting drive aimed at shielding its profits, as energy costs bite and trade tensions rise. (Reporting by Tristan Veyet, Jesus Calero in Gdansk, editing by Anna Pruchnicka and Matt Scuffham) ((Tristan.Chabba@thomsonreuters.com;))