What were Yara's first-quarter adjusted EBITDA and revenue growth figures, and how did they compare to analyst expectations?

Yara International ASA reported adjusted EBITDA of $896 million for the first quarter — a 40% increase year-on-year and $89 million above the $807 million analysts had estimated. Revenue rose 17% compared to the same period last year.

How has the Iran war affected global fertilizer markets and Yara's operations specifically?

The Iran war effectively halted transit through the Strait of Hormuz, bottling up ships carrying key fertilizer raw materials in the Persian Gulf, causing shortages and sharp global price increases; this allowed Yara to sell at higher prices, though it also curbed ammonia and urea production at its India operations due to reduced liquefied natural gas feedstock supplies, while earnings rose ~50% in Europe and the Americas but declined in Africa and Asia.

Yara Boosts Profit as Iran War Sends Fertilizer Prices Soaring

Apr 24, 2026

Yara International reported a 40% surge in Q1 adjusted EBITDA to $896 million, driven by soaring fertilizer prices following Middle East conflict disruptions in the Strait of Hormuz. Feedstock shortages in India were offset by earnings growth in other regions.

bloomberg

Yara beats estimates as Middle East war drives up fertilizer prices, margins

chemweek

Yara beats estimates as Middle East war drives up fertilizer prices, margins

chemweek

Yara Boosts Profit as Iran War Sends Fertilizer Prices Soaring

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