Fertiglobe restores UAE exports to 95% of production in Q3

Fertiglobe restored UAE ammonia and urea exports to 95 percent of production in the third quarter of 2026, up from 56 percent in the second quarter, the company disclosed in a statement to the Abu Dhabi Securities Exchange on 12 November. The increase followed supply-chain coordination with majority shareholders XRG and Adnoc, according to the statement. The company cited active inventory management, logistics planning and a focused commercial approach as factors in the recovery.

Revenue rises 19 percent on higher ammonia prices#

Revenue for the third quarter rose 19 percent to $904.5 million, driven by higher ammonia prices and increased sales volumes, the filing stated. Net profit attributable to owners dropped 90 percent to $22.7 million in the same period. The company attributed the profit decline to higher freight and logistics costs, as well as the use of inventory to maintain sales during a turnaround at its EBIC plant in Egypt. Fixed costs allocated to inventory sales reduced margins, the statement noted.

Urea prices fall from April peak#

Urea prices reached approximately $720 per tonne in mid-April 2026 from around $465 per tonne in late February, according to Trading Economics data cited in the source. Prices have since declined to about $430 per tonne as of November. Lower urea pricing contributed to margin pressure in the quarter, the company stated. Fertiglobe is the largest producer of nitrogen fertilisers in the Middle East and North Africa region, with production capacity of approximately 6.6 million tonnes of urea and ammonia through subsidiaries in the UAE, Egypt and Algeria.

European ammonia capacity remains offline#

Approximately 35 percent of European ammonia capacity remained offline as of November 2026, according to the company's disclosure. Dutch front-month gas futures, the European benchmark, traded at around €90 per megawatt-hour on 12 November, more than double the year-earlier level. Europe holds 19 million tonnes of ammonia production capacity, the statement noted. Fertiglobe uses long-term gas contracts not linked to European gas prices.

AD Ports Group explores containerised fertiliser transport#

AD Ports Group and Fertiglobe signed a memorandum of understanding at Adipec to explore containerised transport and warehousing for nitrogen fertilisers, diesel exhaust fluid and automotive-grade urea, according to a statement from AD Ports Group. The agreement covers logistics corridors on regional trade routes. The companies did not disclose a value, specific routes, warehouse locations or a timeline for implementation.