PhosAgro reports higher output and earnings in H1 2025

According to its consolidated interim condensed financial statements for the six months ended June 30, PhosAgro Group increased production, sales, and earnings in the first half of 2025.

Output of agrochemical products rose 4% year-on-year to 6.12 million tonnes, with phosphate fertilizers and feed phosphates up 6% to 4.69 million tonnes. Total sales volumes grew 2.4% to 6.24 million tonnes, including a 2.8% increase in phosphorus-containing fertilizers and feed phosphates.

Revenue rose 23.6% from a year earlier to 298.6 billion rubles. EBITDA advanced 26.8% to 94.6 billion rubles, while adjusted EBITDA increased 50% to 115.3 billion rubles. Free cash flow more than doubled to 56.5 billion rubles.

As of June 30, net debt stood at 245.7 billion rubles, with the net debt-to-EBITDA ratio down to 1.25x.

The company reported strong shipment growth to India — up almost 41% — driven by Chinese export restrictions for much of the period and favorable pricing. Shipments to Africa and Europe also recorded significant gains.