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1 Feeding the World. Fueling a Sustainable Future. Fertiglobe Q2 2026 Results Investor Presentation July 2026
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2 Feeding the World. Fueling a Sustainable Future. Table of Contents Highlights Market Outlook Appendix Q2 2026 Results Summary
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3 Urea $3Bn Returned to shareholders1 Fertiglobe at a Glance 1. Since IPO, including share buybacks worth $74 million as of 30 June 2026 and the proposed H1 2026 dividends of at least $150 million. 2. For Q2 2026, adjusted EBITDA margin excludes third party sales. 3. Based on merchant ammonia and urea capacity. 4. Fertiglobe launched a share buyback program for up to 2.5% of shares in April 2025, with 1.34% bought back to date. Leading nitrogen fertilizer and industrial products exporter3 Fertiglobe produces and exports nitrogen-based solutions, including: Key facts and figures Ammonia Diesel Exhaust Fluid (DEF) & Automotive Grade Urea (AGU) 1.5 Mt Merchant Ammonia Production Capacity 5.1 Mt Urea Production Capacity 0.5 Mt Diesel Exhaust Fluid Optional production 40% Adjusted Own- Produced EBITDA Margin 2,725 Employees globally Ownership Structure Headquartered in Abu Dhabi, UAE through 86.2% 13.8% Free float 4
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4 Significant improvements since HSE program roll-out in 2022 Safety is Our First Priority, with a Target of Zero Injuries 1 Fostering a culture of zero injuries with robust track-record 2 3 4 Leadership in safety standards, outperforming market average Improving monitoring, prevention, and reporting Excellent safety records compared to global peers Commitment to safety Increase in the number of observations HSE interventions programs launched No proper injury reporting principles; clear incentives to under-report Total Recordable Injury Rate 1 # of injuries per 200,000 manhours. 2016-Q2 2026 0.2 0.4 0.6 0.8 2016 2018 2020 2022 2024 Fertiglobe maturity of manufacturing profile IFA Average2 1. 12 month Total Recordable Injury Rate of 0.02 per 200,000 manhours as of 30 June 2026; 2. International Fertilizer Association (IFA) 2023 average. 2017 2019 2021 2023 20261
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5 Executive Summary +92% Y-o-Y Q2 2026 Results Highlights 1. Attributable to shareholders. • Strong H1 2026 performance : Q2 2026 adjusted EBITDA more than doubled Y-o-Y, while adjusted attributable net profit increased ~12.5x, extending the growth momentum delivered in Q1 2026. • Progressing the Manufacturing Improvement Plan (MIP): Continued record utilization rates in Egypt and Algeria during Q2 2026 and overall urea utilization rates of 92% across the platform in H1 2026. Own-produced sales volumes down 3% Y-o-Y despite product shipping challenges faced in the UAE. • Resilient, globally diversified platform: Fertiglobe leveraged its diversified geographic footprint, trading platform and agile logistics network to maintain customer supply and capture value in a volatile market environment. • Healthy financial position: Strong balance sheet (net debt-to-LTM adjusted EBITDA of 0.5x) and disciplined financial framework continue to support both growth investments and attractive shareholder return. • Supportive market outlook: Medium-term urea fundamentals remain favorable, supported by healthy supply-demand balances. Meanwhile, ammonia prices are supported by limited exports from the Middle East, and more recently elevated gas prices in Europe, leading to higher marginal production costs. H1 2026 Operational Performance Highlights $1.1Bn Adj. EBITDA +111% Y-o-Y $371M Adj. Net Profits1 12.5x Y-o-Y $145M Urea Operating rate 92% At least $150M H1 2026 Proposed Dividends +20% Y-o-Y Revenues
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6 $555/t ~700/t 200 400 600 800 1000 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Urea, FOB Egypt Ammonia, CFR NW Europe $/t Source: CRU, Argus. Ammonia and urea prices Key market drivers Ammonia • 20% of global ammonia exports from the Middle East curtailed since the conflict • CFR NW Europe peaks at over $900/t in May and remains elevated at $700/t in Q3 2026 • TTF rises to $20/MMBtu, amidst renewed geopolitical tensions in Q3, raising European production costs above CFR NW Europe Urea • Urea prices reached high $800’s/t FOB Egypt during the war • 30% of global exports limited via the Strait of Hormuz • Indian production impacted by gas cuts + need for stocks, driving three successful tenders in H1 2026 • US, Europe + Australia in buying season in H1 2026 • Urea price reset and higher grains prices, significantly improve farmer affordability, combined with recent conflict re-escalation encourages buying in Europe. FOB Egypt uptick to $555/t. • In France, farmer financial support for N fertilizers of at least €50/t active until 30th September 2026 • Brazil + India purchasing to continue into Q3, before European season onset • EU duty on Russian N and P increased to €60/t in July 26 Conflict escalation Urea Prices Trend Upwards in Q3 2026 Post Reset Recent urea price reset and higher crop prices improve farmer affordability, supporting demand
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7 7 Grow 2030 Strategy: Becoming a $1B+ EBITDA company Non-cumulative, annual EBITDA by 2030 ($M) ~$340-420M EBITDA uplift by 2030 with further upside potential Note: Assuming annualized run rate built up by year-end has full impact from next year, i.e., '24 improvements are included as '25 annualized uplift; Based on 2024 prices. 1. Includes $20 million to be realized from FIT 1 and new FIT 2 target of $35 million. 2. Includes $35-40 million to be realized from MIP 1 and new MIP 2 target of $75-80 million. 55 110-120 340-420 629 2030 EBITDA Pursue a value led approach to low carbon ammonia 629 165-175 30-45 75-100 70-100 1,000+ 2024 baseline ~+340-420 (Pre-FID projects under assessment) Manufacturing (MIP)2 Cost excellence (FIT)1 Potential uplift from ADNOC partner projects Leverage synergies with highly supportive parent “ADNOC” 2 31 4 Operational Excellence Customer Proximity Nitrogen Product Expansion Disciplined LCA Growth
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8 Strategically Located Plants Trade flows Key imports markets Several clear advantages 1.Excludes some Urea capacity used for DEF production; 2. Net Ammonia capacity; 3. For Egypt + Algeria plants selling ammonia and urea into Europe vs other major incumbent suppliers 4.Note temporary removal of European duties on ammonia and urea for most favoured nation countries (excludes Russia), for up to 1 year, or a quota of 890kt on urea and 300kt on ammonia, thereafter reverting to previous duties while Egypt and Algeria will remain duty free. Urea1 Ammonia2 DEF 1 2 4 3 Fertiglobe Australia EFC – Urea 100% 1 Duty free access4 to key customers in Europe at the best netback + default value advantaged 1.4 0.4Prod. capacity (Mt): EBIC - NH3 75% 2 Freight advantage to Europe vs. Middle East producers Prod. capacity (Mt): 0.7 Favorable urea CBAM default values for North Africa3 into Europe Freight advantaged access to key import markets No Suez Canal charges: • To Europe and America like pure GCC producers3 • To India and rest of Asia like pure Baltic and Black Sea producers Fertil – Urea 100% 4Sorfert – Urea & NH3 51% 3 High netback European customers Low ammonia default values vs major incumbents Access to largest import markets East of Suez + Fertiglobe Australia distribution at attractive netbacks Prod. capacity (Mt): 1.3 0.8 Prod. capacity (Mt): 2.1 0.1
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9 Feeding the World. Fueling a Sustainable Future. Table of Contents Highlights Market Outlook Appendix Q2 2026 Results Summary
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10 566 915 1,086 176 342 371 145 12 145 Q2 2026 & H1 2026 Performance Highlights 965 1,105 941 289 227 276 Q2 2025 Q1 2026 Urea Ammonia 408 551 723 286 495 693 Q2 2025 Q1 2026 Q2 2026 Revenue $M Adj. EBITDA $M Adj. attributable net profit $M Own-produced sales volumes ktpa Benchmark price levels1 $/t 1. Urea Egypt, Ammonia Middle East. Q2 2025 Q1 2026 Q2 2026 Q2 2025 Q1 2026 Q2 2026 Q2 2025 Q1 2026 Q2 2026 +92% +111% +12.5x 1,261 2,001 437 713 85 289 H1 2026H1 2025H1 2026H1 2025H1 2026H1 2025 +63% +3.4x 2,109 2,045 677 523 416 637 316 594 H1 2026H1 2025H1 2026H1 2025 Q2 2026H1 2026 +59% Q2 2026
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11 1) Unaudited. 2) Fertiglobe uses Alternative Performance Measures (‘APM’) to provide a better understanding of the underlying developments of the performance of the business. The APMs are not defined in IFRS and should be used as supplementary information in conjunction with the most directly comparable IFRS measures. A detailed reconciliation between APM and the most directly comparable IFRS measure can be found in this report. 3) Free cash flow is an APM that is calculated as cash from operations less maintenance capital expenditures less distributions to non-controlling interests and WHT plus dividends from equity accounted investees, and before growth capital expenditures. Q2 2026 & H1 2026 Results Summary Summary Q2 2026 Results • Consolidated revenue increased by 92% to $1.1 billion compared to Q2 2025, driven by a mix of higher prices and volumes. • Adjusted EBITDA increased by 111% Y-o-Y to $371 million in Q2 2026 compared to $176 million in Q2 2025. Adjusted net profit attributable to shareholders was up 12.5x to $145 million. • Fertiglobe’s total own-produced sales volumes were down by 3% Y-o-Y to 1,217kt in Q2 2026, due to trade route disruptions in the GCC, partially offset by strong operating performance in Egypt and Algeria. Q2 2025 was in turn impacted by lower operating rates due to turnarounds in the UAE and external factors in Egypt. 30 Jun 26 31 Dec 25 % Δ Total Assets 5,641.8 4,949.5 14% Gross Interest-Bearing Debt 1,994.4 1,740.6 15% Net Debt 621.2 1,005.5 (38%) Q2 2026 Q2 2025 % Δ H1 2026 H1 2025 % Δ Sales volumes (‘000 metric tons) Fertiglobe Product Sold 1,217 1,255 (3%) 2,571 2,786 (8%) Third Party Traded 351 188 87% 562 364 54% Total Product Volumes 1,568 1,443 9% 3,132 3,150 (1%) $ million unless otherwise stated Q2 2026 Q2 2025 % Δ H1 2026 H1 2025 % Δ Revenue 1,085.9 565.8 92% 2,001.0 1,260.7 59% Gross profit 308.3 140.8 119% 624.9 362.8 72% Gross profit margin 28.4% 24.9% 31.2% 28.8% Adjusted EBITDA 371.1 176.0 111% 713.1 437.4 63% Adjusted EBITDA margin 34.2% 31.1% 35.6% 34.7% Adjusted EBITDA margin (own produced volumes) 40.2% 37.7% 44.4% 41.7% EBITDA 337.7 187.9 80% 679.7 447.6 52% EBITDA margin 31.1% 33.2% 34.0% 35.5% EBITDA margin (own produced volumes) 36.5% 40.2% 42.4% 42.8% Adjusted net profit attributable to shareholders 144.6 11.6 1147% 289.4 84.8 241% Reported net profit attributable to shareholders 114.5 20.2 467% 312.4 92.8 237% Earnings per share ($) Basic earnings per share 0.014 0.002 600% 0.038 0.011 245% Diluted earnings per share 0.014 0.002 600% 0.038 0.011 245% Adjusted earnings per share 0.018 0.001 1169% 0.035 0.010 250% Earnings per share (AED) 0.001 0.001 Basic earnings per share 0.051 0.007 629% 1.305 0.810 61% Diluted earnings per share 0.051 0.007 629% 0.140 0.040 250% Adjusted earnings per share 0.066 0.004 1550% 0.129 0.037 249% Free cash flow 319.7 93.9 240% 555.1 307.2 81% Capital expenditure 33.6 41.9 (20%) 52.8 65.5 (19%) Of which: Maintenance Capital Expenditure 25.6 31.2 (18%) 36.4 48.5 (25%) H1 2026 Results • Consolidated revenue increased by 59% to $2 billion compared to H1 2025, mainly driven by higher prices. • Meanwhile, adjusted EBITDA increased by 63% Y-o-Y to $713 million in H1 2026 compared to $437 million in H1 2025 and adjusted net profit attributable to shareholders was $289 million up 3.4x Y-o-Y. • Fertiglobe’s total own-produced sales volumes were down 8% Y-o-Y to 2,571kt in H1 2026, driven primarily by trade route disruptions in the GCC and a base effect as H1 2025 included 239kt of deferred sales volumes from late 2024.
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12 $680 $33 -$36 -$92 -$71 -$10 $504 -$8 $60 555 EBITDA Working capital Maintenance capex Tax paid Net interest paid Lease payments FCF before NCI & WHT Dividends paid to NCI & WHT Ecremage Free Cash Flow Reconciliation of Q2 2026 EBITDA to free cash flow ($ million) Q2 2026 & H1 2026 Free Cash Flow Build-Up Reported EBITDA 1 The consolidated free cash flow does not reflect the accrued gas cost at Sorfert, amounting to $46.4 million for Q2 2026 and $82.5 million for H1 2026, respectively. 1 $555 Reconciliation of H1 2026 EBITDA to free cash flow ($ million) $338 -$26 -$58 -$43 -$1 $290 -$8 $38 320 EBITDA Working capital Maintenance capex Tax paid Net interest paid Lease payments FCF before NCI & WHT Dividends paid to NCI & WHT Ecremage Free Cash FlowReported EBITDA $320 $80
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13 Feeding the World. Fueling a Sustainable Future. Table of Contents Highlights Market Outlook Appendix Q2 2026 Results Summary
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14 Global agricultural land flat to 2040 Bn hectares, 2025-2040 World population to grow by 11% to 2040 Bn people, 2025-2040 More people to feed with same land Agricultural land per capita ~1.7 humans 2025 2040 ~2 humans 1ha 1ha Population growth, shift to higher animal protein diets drive higher N per calorie 2025 2040 8.2 9.2 +11% 2025 2040 4.9 4.9 0% Rising Food Demand and Limited Land, Require Higher Crop Yields Source: UN; FAO; Rentenbank ~2 humans1ha Annual nitrogen fertilizer application is essential to produce yields needed to feed a growing world population
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15 12% 14% 16% 18% 20% 22% 24% 50 100 150 200 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Agricultural Fundamentals Source: Company information, CRU, CME, USDA. WASDE Global grain & oilseed stocks : use ratio (ex-China) % Crop price index, Jan 2006 =100 More affordable Less affordable Stocks to use ratio, below 10-year average CRU Fertilizer Affordability Index • Persistent urea price strength in H2 ‘25 - H2 ’26 and continued urea demand inelasticity: Strong demand pull from key markets, pre + post CBAM and during conflict amidst higher pricing environment • Urea affordability significantly improved vs peak war period, back to 2021-25 average, encouraging for purchases • Current global grains stock-to-use ratio and crop price futures supportive + nitrogen application needed yearly CRU Fertilizer Affordability Index 108 167 86 118 0 50 100 150 200 250 2021 2022 2023 2024 2025 2026 Urea DAP Potash Fertilizer Urea affordability close to 2021-25 average of 101
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16 Source: Industry Consultants, GTT + Internal view Notes: 1 Subject to war impact + monsoon rains 2. China exports of 4.9mt under main urea HS code in 2025 India Imports China Exports • Export window likely limited to June – November • Only 0.5mt exports YTD (as of June 2026) • Current price floor at 90% of prior week export price • Three tenders attempting to pull in 5.5mt of urea YTD • Further tender expected August • 2026 imports: 9mt expected1 Brazil Imports • July – December buying season, with improved barter ratios vs peak war levels • 7-7.5mt of imports expected in 2026 • Growth to harvested land + crop production and high gas costs driving long term import needs 7.0 9.0 6.9 5.3 9.3 9 21 22 23 24 25 26E 7.9 7.0 7.3 8.4 7.7 7-7.5 21 22 23 24 25 26E 5.3 2.8 4.3 0.3 4.9 5.5 21 22 23 24 25 26E Robust Demand In Key Import Markets, with Limited Chinese Exports YTD
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17 0.6 0.9 0.2 1.5 2.1 2.1 0.4 1.6 1.0 1.3 2.5 1.7 1.5 1.5 1.5 2.0 2.0 2.0 2.0 2.5 1.5 1.5 2.5 1.7 425 392 399 495 531 464 399 419 426 510 947 447 0 200 400 600 800 1000 0 1 2 3 4 5 6 Jan, 2025 Apr, 2025 June, 2025 July, 2025 Aug, 2025 Sept 2025 Oct-25 Nov-25 Dec-25 Jan-26 Apr-26 May-26 Final purchases Requested quantity Average L1 Price (RHS) Indian Tenders Robust buying appetite in 2026 • Three tenders YTD: Jan – May, attempt to pull in 5.5mt of urea in 2026 YTD • Tender volumes to date = 60% of 2025 annual volume (9.3mt) • March 26: Reduced domestic production from LNG shortages • Strong L1 tender pricing across 2026 • Next tender expected in coming weeks • Over 9.3mt of urea imports in 2025, with 2026 expected at similar levels • No new capacity for several years Tender requested quantity, final purchase and CFR India price (RHS) Indian Tenders 2025- 2026 to date Price, $/t m tons
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18 EU Duties on N and P from Russian + Belarus Rise to €60/t in July 2.7 1.8 0.9 40 60 80 315 0 100 200 300 400 0.0 1.0 2.0 3.0 2025/26 2026/27 2027/28 2028/29 Threshhold EU tariff EUR/t Imports / threshold, m tons EU tariff, €/t EU Imports of N + P from Russia and Belarus • EU imposed duties on N and P products from Russia and Belarus, starting July 2025 • The import threshold drops over time, as the EU duty rises: o July 2026 duty increased to €60/t from €40/t o Further rise to €315/t by 2028 • Once the threshold is reached in any one year, the duty jumps to the July 2028 level • Urea applicability: • Applies to urea and is added to the 6.5% import tariff for Russian product into Europe • Russia excluded from Most Favoured Nation (MFN) tariff removal Note: EU tariff rate for N products only €
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19 16.9 9.5 11.4 22.6 15.2 9.1 Urea Outlook Underpinned by Healthy S&D Fundamentals Key market drivers Good project visibility: Most new projects scheduled for commissioning towards 2027-28 European CBAM impact: Potential CBAM related closures and increase in fertilizer prices A slower future pace of urea capacity additions, with most new projects timed post 2027 /28, coupled with robust urea demand Global urea net capacity additions and demand growth, ex-China, mt Rising construction costs: Will limit future capacity additions Supply deficit of ~2.3 Mt in 2026-30, vs prior periods of surplus Others Iran India USA Demand 2015 - 2019 2020 - 2025 2026-2030 Market gap: +5.6Mt surplus +5.7Mt surplus -2.3Mt deficit Nigeria Russia Source: Industry Consultants + Internal view: Capacity additions comprised of seriously progressing projects with FID status, with the view to being in production by 2030 Short term loss of 30% of global exports during conflict
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20 The Future Will See A Shift Towards Energy Transition & Sustainable Value Chains 9 31 63 100 Low Carbon Ammonia Fuel in power generation Marine fuel Hydrogen carrier Conventional NH3 use in power plants (Asia) Ammonia vessels under order + bunkering hub developments to be supported by maritime regulation NH3 stable for transport, current gap in infrastructure EU regulations driven: Fertilizers + chemicals 7 2030 2035 2040 2040 16 Potential Likely Long-term Low Carbon Ammonia Demand Mt, '30-'40 Delayed STEPS1 IEA STEPS2 Ammonia with significant potential in use cases beyond conventional fertilizer & chemical applications NH H H Low-Carbon Ammonia Outlook Source: XRG; IEA H2 Global Supply & Demand Model 1. Range based on market outlook and potential under Delayed STEPS scenario, considering partial realization of pre-FID projects 2. ETS = Emissions trading scheme, CBAM = Carbon Border Adjustment Mechanism - CBAM launched 2026 in European Union, full effect by 2034
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21 Feeding the World. Fueling a Sustainable Future. Table of Contents Highlights Market Outlook Appendix Q2 2026 Results Summary
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22 Fertiglobe Ends Q2 2026 with Net Debt of $621 million • As of 30 June 2026, Fertiglobe reported a net debt position of $621 million, down from $1,006 million as of 31 December 2025, and implying consolidated net debt to LTM adjusted EBITDA of 0.5x. • Fertiglobe’s strong balance sheet and disciplined financial framework continue to support both growth investments and attractive shareholder returns. Backed by XRG, ADNOC’s international investment company. • Fertiglobe remains well positioned to deliver on its Grow 2030 strategy while maintaining a disciplined approach to capital allocation Key Highlights $ million 30-Jun-26 31-Dec-25 Cash and bank balances 1,373.2 735.1 Loans and borrowings (current) 597.3 342.0 Loans and borrowings (non-current) 1,397.1 1,398.6 Total borrowings 1,994.4 1,740.6 Net debt1 621.2 1,005.5 Net debt / Adj. LTM EBITDA 0.5x 1.0x June 2026 Leverage Position 1. Total accruals related to the gas cost in Algeria as of 30 June 2026 amount to $468.8 million
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23 Reconciliation of reported operating profit to adjusted EBITDA Reconciliation of Adjusted EBITDA $ million Q2 2026 Q2 2025 H1 2026 H1 2025 Adjustment in P&L Operating profit as reported 261.2 112.2 527.1 295.9 Depreciation and amortization 76.5 75.7 152.6 151.7 EBITDA 337.7 187.9 679.7 447.6 APM adjustments for: Movement in provisions - (13.3) - (12.7) Cost of sales and SG&A expense Cost optimization program - 1.3 - 2.8 Cost of sales and SG&A expense Insurance recovery - - - (0.6) SG&A expense Conflict related costs 17.0 - 17.0 - Cost of sales Temporary exports duty tax on fertilizer 16.1 - 16.1 - Cost of sales Pre-operating expenditures related to projects 0.3 0.1 0.3 0.3 SG&A expense Total APM adjustments 33.4 (11.9) 33.4 (10.2) Adjusted EBITDA 371.1 176.0 713.1 437.4 Operating profit as reported 261.2 112.2 527.1 295.9
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24 Reconciliation of Adjusted Net Profit Reconciliation of reported net profit to adjusted net profit $ million Q2 2026 Q2 2025 H1 2026 H1 2025 Adjustment in P&L Reported net profit attributable to shareholders 114.5 20.2 312.4 92.8 Adjustments for: Adjustments at EBITDA level 33.4 (11.9) 33.4 (10.2) Impairment of PP&E and accelerated depreciation - - (0.4) - Depreciation/Impairment Gains from adjustment of tax rate in Fertil1 - - (52.7) Taxes Forex loss/(gain) on USD exposure (1.3) 10.0 (1.1) 12.4 Net finance costs NCI adjustment / uncertain tax positions 0.8 (6.4) 0.7 (9.9) Uncertain tax positions / minorities Tax effect of adjustments (2.8) (0.3) (2.9) (0.3) Taxes Total APM adjustments at net profit level 30.1 (8.6) (23.0) (8.0) Adjusted net profit attributable to shareholders 144.6 11.6 289.4 84.8 Reported net profit attributable to shareholders 114.5 20.2 312.4 92.8 1. As per the decision of the UAE Department of Finance, effective 1 January 2026, the tax rate of Fertil was reduced to 15% for profits below USD 100 million and to 20% for profits above USD 100 million, down from 25% previously, this tax rate adjustment led to a revaluation of deferred tax liabilities resulting in a one-off accounting gain.
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25 $ million unless otherwise stated Q2 2026 Q2 2025 H1 2026 H1 2025 EBITDA 337.7 187.9 679.7 447.6 Working capital 79.7 (30.4) 32.6 (14.3) Maintenance capital expenditure (25.6) (31.2) (36.4) (49) Tax paid (58.1) (4.9) (91.7) (24.7) Net interest paid (43.1) (17.2) (71.1) (46.9) Lease payments (1.1) (5.7) (10.0) (13.4) Dividends paid to non-controlling interests and withholding tax (8.0) (10.2) (8.0) (10.2) Ecremage 38.2 5.6 60.0 17.6 Consolidated Free Cash Flow 1 319.7 93.9 555.1 307.2 Reconciliation to change in net debt: Growth capital expenditure (8.0) (10.7) (16.4) (17) Payment against acquisition of business, net of cash acquired (6.8) - (27.6) - Other non-operating items2 (2.9) (27.9) 0.2 (28.9) Net effect of movement in exchange rates on net debt (0.4) 1.9 (5.3) 4.1 Dividend to shareholders (117.9) (125.0) (135.0) (125.0) Accrued interest 17.7 (3.9) 15.1 1.5 Other non-cash items (0.9) (0.8) (1.8) (2.3) Net Cash Flow in Net Debt 200.5 (72.5) 384.3 139.6 Reconciliation of Free Cash Flow Reconciliation of EBITDA to Free Cash Flow and Change in Net Debt 1. The consolidated free cash flow does not include any cash outflows related to the increase in the accrued gas cost at Sorfert, amounting to $46.4 million and $82.5 million for Q2 2026 and H1 2026, respectively. Total accruals as of 30 June 2026 amount to $468.8 million 2. Includes $1 million of the Company's share buyback program executed during Q1 2026 and USD 30.6 million of the Company's share buyback program executed as of H1 2025.
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26 Feeding the World. Fueling a Sustainable Future. Thank you