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Dec 31, 2025
Mosaic Q4 2025 Earnings Report
Mosaic Q4 2025 Earnings Report
Key Takeaways
Mosaic reported a challenging fourth quarter with a net loss of $519 million, primarily driven by $422 million in pre-tax notable items including asset impairments. Despite the quarterly loss, the company achieved full-year net income of $541 million and saw strong performance in its Potash and Fertilizantes segments, while Phosphate was impacted by weak U.S. demand and higher raw material costs.
Full year 2025 net income reached $541 million with adjusted EBITDA of $2.4 billion.
Fourth quarter results were heavily impacted by $422 million in pre-tax notable items, including a $189 million impairment of the Carlsbad asset.
Potash production reached its highest MOP output level since 2019, totaling 8.8 million tonnes for the year.
Mosaic Fertilizantes saw significant margin expansion with adjusted EBITDA up 65% year-over-year.
Revenue by Segment
Forward Guidance
Mosaic expects a constructive 2026 with recovering demand in North America and Brazil, targeting increased production volumes and continued value capture.
Positive Outlook
- Phosphate sales volumes expected to recover to 1.7-1.9 million tonnes in Q1 2026.
- Potash production targeted at approximately 9 million tonnes for FY 2026.
- Mosaic Biosciences net sales targeted to double again in 2026.
- Expected 50% increase in ammonia production at Faustina plant in 2026.
- Value capture program expanded to target an additional $100 million in 2026.
Challenges Ahead
- Capital expenditures expected to increase to $1.5 billion in 2026.
- High sulfur prices expected to continue impacting production margins.
- Mosaic Fertilizantes Q1 segment adjusted EBITDA expected to be below $50 million.
- Ongoing credit challenges and competition in the Brazil market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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