PhosAgro's net profit for 2024 decreased by 1.9% to 84.469 billion rubles from 86.141 billion rubles a year earlier. Revenue amounted to RUB 507.7 billion, an increase of 15.3%. EBITDA decreased by 3.3% to RUB 177 billion. This is stated in the company's message.
The production of agrochemical products increased by 4.3% and amounted to 11.8 million tons. The main increase was due to an increase in the production of phosphorous fertilizers and feed phosphates by 5.8% to 8.9 million tons.
Total sales of agrochemical products increased by 4.1% and amounted to 11.9 million tons. Sales of phosphorus-containing fertilizers and feed phosphates increased by 6.1%.
PJSC PhosAgro (TIN 7736216869) is a Russian vertically integrated company, one of the world's leading producers of phosphorus—containing fertilizers. PhosAgro's global depositary receipts are listed on the LSE and the Russian Stock Exchange.
PhosAgro's net profit for the first 9 months of 2024 increased by 14.2% to 64.8 billion rubles from 56.77 billion rubles a year earlier. Adjusted net profit fell by 12% to 72.98 billion rubles from 82.89 billion rubles. Revenue increased by 12.8% to 371.035 billion rubles from 328.88 billion rubles. EBITDA fell by 18.2% to RUB 123.5 billion from RUB 151.098 billion.
