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Fertiglobe reported a 62% year-on-year drop in third-quarter net profit to $51 million, despite revenue rising 19% to $905 million on higher ammonia prices and sales volumes. Adjusted EBITDA fell 19% to $231 million as logistics and operating costs rose, and UAE exports recovered to 95% of production from 56% in Q2 despite Strait of Hormuz constraints.
Lower urea prices and Hormuz disruptions are constraining Gulf nitrogen exports, which tightens global fertilizer supply and supports feed-grain production costs. The company's results are a company-level signal rather than a new market shock.
forbesmiddleeast.comKhadijah Khogeer, James Emmanuel, Mohamed Rashed Alkhalifa, Mahir HaneefNov 12, 2026After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
