Fertiglobe reported revenue of $1,048 million

According to Amac News: Fertiglobe said that adjusted net profit was 134 million dollars and free cash flows were 225 million dollars.
The company reported Q2 2024 revenue of $496 million, adjusted EBITDA of $156 million and adjusted net income attributable to shareholders of $15 million.
Fertiglobe's strong balance sheet position and effective cash flow management continue to enable the company to pursue growth initiatives while balancing shareholder returns.
Accordingly, a proposal for the H1 2024 dividend will be submitted to the Board of Directors for approval in September 2024 with payment in October 2024.
Fertiglobe has continued to advance its cost optimization program, achieving 84% of the $50 million implementation rate it had previously implemented from June 2024, delivering $42 million in cost savings.
In addition, the company has prioritized its manufacturing improvement program (MIP), which aims to generate at least $100 million in incremental EBITDA annually by the end of 2025 compared to 2023, focusing on improving energy and manufacturing efficiency.
Fertiglobe is committed to unlocking more value by investing in the integration of AI across its manufacturing platforms, including operations, maintenance and sustainability.
As of June 30, 2024, Fertiglobe reported a net debt position of $880.6 million, which translates to an adjusted LTM net debt of 1.0 times, allowing the company to balance future growth opportunities and dividend payments.
Fertiglobe is committed to creating shareholder value, leveraging proactive cost optimization and production improvement initiatives to enhance cash flow generation and maintain a strong balance sheet.