Category: Фосагро

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Moscow. December 26, 2025. Andrey Abrashitov, Director of the Kirov branch of JSC Apatit (PhosAgro Group), was awarded the Order "For Valiant Labor."

Russian President Vladimir Putin held a state awards ceremony in the Kremlin's Catherine Hall. During the ceremony, the Order "For Valiant Labor" was presented to Andrei Abrashitov, Director of the Kirov branch of Apatit JSC. The decree awarding the award was signed by the head of state in October of this year.

Andrey Abrashitov was born in 1974. He graduated from the Kirov Mining College with a degree in Ore Deposit Development, the Plekhanov St. Petersburg State Mining Institute with a degree in Underground Mining of Mineral Deposits, and the Modern Humanitarian Academy (Moscow) with a degree in Economics.

From 1991 to 2013, he worked at mining companies in Karelia and the Murmansk region. Andrey Abrashitov joined PhosAgro in 2013 as the head of the Kirov mine of JSC Apatit. From 2015 to 2017, he served as First Deputy General Director of JSC Apatit. Since 2017, Andrey Abrashitov has been the director of the Kirov branch of JSC Apatit.

Under the leadership of Andrey Abrashitov, PhosAgro's Kirov branch implemented a comprehensive set of investment projects to develop the plant's ore and raw material base. Specifically, the newly constructed Main Shaft No. 2 and the reconstructed Main Shaft No. 1 were commissioned at the Kirov mine. Their underground crushing facilities and headworks are designed to transport ore from the underground mine to the surface. Apatit's Kirov mine pioneered the implementation of a remote-controlled deep-hole drilling project in an underground mine in Russia. Crushing and Haulage Complex No. 4 was built at the Rasvumchorr mine, opening up the mine's potential for developing the western and central parts of the Rasvumchorr Plateau deposit. In March 2024, the 10-meter mining horizon of the Kirovsky mine was commissioned, enabling the extraction of approximately 300 million tons of apatite-nepheline ore. In December of this year, the new Rasvumchorr Plateau underground mine extracted its first ore, and its development will continue until 2034, when the facility will reach full capacity. Each of the two processing plants at the Kirovsky branch of JSC Apatit is also the subject of PhosAgro's large-scale investment projects aimed at increasing their productivity while maintaining the high quality of commercial concentrate.

Over the years, Andrei Abrashitov was awarded the Order of Merit for the Fatherland, Second Class, and the Certificate of Honor of the President of the Russian Federation.

"I am deeply grateful to the President of our country, Vladimir Vladimirovich Putin, for his high recognition of my work and contribution to the company's development. At the same time, I believe this award is further testimony to the achievements of every member of the thousands-strong team at the legendary Apatit. After all, it is their coordinated work and focus on results that allow us to set production records and implement large-scale development projects," emphasized Andrey Abrashitov, Director of the Kirov branch of Apatit JSC.

As a reminder, in November 2024, on the eve of the 95th anniversary of the Apatit Mining and Processing Plant, Russian President Vladimir Putin signed a decree awarding the enterprise's staff the Order "For Valiant Labor."

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Bari (Apulia region, Italy). On December 23, 2025, on the feast day of St. Nicholas the Wonderworker, the youth choir of the Cherepovets Diocese participated in the Divine Liturgy and gave a concert in the papal basilica where the saint's relics are kept. PhosAgro helped organize the musical group's performance.

Bishop Ignatius of Cherepovets and Belozersk led the festive service under the vaults of the ancient church. He recalled that St. Nicholas the Wonderworker is venerated in Christianity as a symbol of mercy, intercession, and swift aid in times of need. This veneration unites the spiritual canons of Orthodoxy and Catholicism, as well as liturgical tradition and popular love, in which the saint's image has occupied a special, almost familial place.

"Pilgrimage is a spiritual journey that brings great benefit to the believer and is a source of inspiration. This pilgrimage and today's prayer at this holy site, in the heart of the Italian city of Bari, which has attracted believers from all over the world for centuries, are more than just a journey for us. It is also a sincere expression of our love for St. Nicholas, an expression of our faith and hope in his intercession and swift assistance," noted Bishop Ignatius of Cherepovets and Belozersk.

On this festive day, thousands of believers from across Europe, including many Russians living abroad, came to venerate the Christian relic. They offered prayers to God accompanied by the crystalline voices of the youth choir of the Cherepovets Diocese.

The ensemble includes students and teachers from the Cherepovets College of Arts, as well as young parishioners from churches in the Cherepovets Diocese. That evening, at the Papal Basilica of St. Nicholas the Wonderworker, they presented a new concert program, "Confirm, God!", to an Italian audience, combining sacred and Russian choral works.

The guests were treated to majestic liturgical hymns, as well as choral versions of beloved folk songs. Among them were "Ah, You Wide Steppe," "The Horse," "Polyushko-Pole," "Raspberry Ringing," "Smuglyanka," and other pieces.

"Our choir's performance at the Basilica of St. Nicholas in Bari is more than just a concert, but another building block in strengthening the centuries-old cultural dialogue between Russia and Italy. Our creative mission has become the bridge that unites people's hearts through the great power of music and theology. All the students feel this responsibility and are grateful for the opportunity to share their creativity through music," says Svetlana Bobrova, Director of the Cherepovets School of Arts and Crafts named after V.V. Vereshchagin.

The audience that came to hear the young soloists from Cherepovets that evening noted the highest level of performance, as well as the love for God and their native land that permeates the ensemble's entire repertoire.

"I've lived in Italy for almost thirty years. Wonderful news of the youth choir's performance spread among the Russian-speaking community of our city long before today. This native music touched the deepest chords of my soul. Here in Italy, we hear a wide variety of music, but a choir of this caliber is a rarity. My deepest gratitude to the choirmaster and all the musicians for this delight. May God grant that we may once again see the youth choir from Cherepovets in this sacred place," said Svetlana Kuzmenko, a resident of Bari and art critic, sharing her emotions about the concert.

The Cherepovets Diocese Youth Choir's visit to Italy was held under the auspices of the Russian Ministry of Culture's "Cultural Mission to Italy" project, with the assistance of PhosAgro and the Center for Film Festivals and International Programs.

"Supporting the spiritual values and centuries-old traditions of Orthodoxy is a crucial part of PhosAgro's social mission. Previously, our company regularly organized pilgrimage tours for its employees to Christian holy sites in Bari. I am delighted that, despite all the objective difficulties, this kind tradition is gradually being restored, expanding each year. On the eve of the New Year and Christmas holidays, young soloists from the youth choir brought a piece of St. Nicholas's grace to Cherepovets, helping to erase borders between states through kindness, music, and eternal Christian values," said Alexander Gilgenberg, CEO of PhosAgro.

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Moscow. December 19, 2025. The Board of Directors of PhosAgro, a leading global producer of phosphate-based mineral fertilizers, approved the budget for next year, which confirms the company's commitment to long-term development. The meeting also heard information on the status of occupational health and safety at organizations within the same group as PhosAgro, as well as the Company's artificial intelligence strategy.

The Board of Directors approved PhosAgro's revised Environmental Protection Policy, the work plan and budget for the Company's Internal Audit Directorate for 2026, a revised work plan for 2025, and a revised Transparency Statement on the UK Modern Slavery Act.

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Kirovsk (Murmansk Region). December 15, 2025. The Bolshevik Cultural Center in Kirovsk officially opened after a major renovation, in which PhosAgro participated as an investor.

The Bolshevik Cultural Center is housed in the historic building of the first sound cinema in the Murmansk region, which was built in Khibinogorsk (now Kirovsk) in 1932. The opening ceremony was attended by Murmansk Region Governor Andrei Chibis, Kirovsk Mayor Yuri Kuzin, Kirov Branch Director of Apatit JSC (PhosAgro Group) Andrei Abrashitov, as well as Kirovsk residents and visitors.

"After the closure of the cinema, and then the commercial properties that replaced it, in the mid-1990s, the legendary building lay in a dilapidated state for a long time. Together with the city administration and PhosAgro, we fought to save the building, sought solutions and funding, and navigated the construction phase. And the project was a success. Today, we stand in a modern complex that meets all current requirements, where the cinema remains and a number of new spaces have been created, including a planetarium. I am confident it will be popular with both young people and the older generation, who invested so much effort in the development of the region, the city, and the plant. This is highly symbolic – a true gift for us all. Thank you to everyone who participated in the project," said Murmansk Region Governor Andrei Chibis during the Bolshevik opening ceremony.

The cinema building is a unique monument of Soviet constructivist architecture and a cultural heritage site of regional significance. Major renovation work began in 2022. The designers and builders faced the challenging task of preserving the Bolshevik's original appearance while infusing it with modern technology.

Reopened after renovation, the Bolshevik Cultural Center is a multifunctional space equipped with the most advanced multimedia systems and equipment. Among other things, guests can enjoy an automated cloakroom, a planetarium, four cinemas, a cinema bar, children's playrooms, an entertainment area with arcade machines, a café, a conference room, and a souvenir shop. All of this makes the new cultural center not only an attractive leisure destination for local residents but also a valuable addition to the infrastructure of the Khibiny mountain tourism cluster, whose popularity among outdoor enthusiasts is growing every year.

This summer, the S.M. Kirov Square near the Bolshevik Cultural Center was also landscaped. Its focal point is the rotunda, which is planned to host various cultural events. Illuminated seating areas with benches and lawns have been installed around the square. To ensure the safety and security of the entire complex, its perimeter is equipped with a video surveillance system.

"The opening of the renovated Bolshevik Cultural Center is a true celebration for all residents of our city. We've created a modern space where everyone will find something to enjoy, from engaging film screenings to educational events. I'm confident the cultural center will become a true gem for our city. It will host significant cultural and educational events and foster creative initiatives," noted Kirovsk Mayor Yuri Kuzin.

The cost of reconstructing the facility amounted to more than 1.5 billion rubles, financed by PhosAgro and the Murmansk Region budget.

"When the first sound cinema in the Arctic opened its doors in the 1930s, it was a true sensation. By joining the Murmansk Region government and the city administration in its reconstruction project, we hoped that the renovated space would replicate this success and become popular with northerners. I think we succeeded. I'm confident we can rightfully be proud of this project; it has turned out beautifully and modernly," noted Andrey Abrashitov, Director of the Kirov branch of JSC Apatit (PhosAgro Group).

The first film to be shown at the renovated Bolshevik Cinema was director Nikolai Ekk's "Road to Life." This film was shown at the first sound cinema in the Kola Arctic on its opening day, November 7, 1932.

"Excellent! We were really looking forward to the opening of the Bolshevik. And the fact that now you can not only watch a movie here, like in our youth, but also have a useful and educational time will make it popular with the younger generation," said Nikolai Savotkin, an honorary citizen of Kirovsk, sharing his impressions.

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Kirovsk (Murmansk Region). December 12, 2025. The first apatite-nepheline ore was mined at the new Rasvumchorr Plateau underground mine of JSC Apatit's Kirovsk branch (PhosAgro Group). The first stage of commissioning at the new Rasvumchorr Plateau underground mine was completed at the Kirovsk branch of JSC Apatit. The first apatite-nepheline ore was mined there in early December.

The decision to build a new mine was made in 2016. Its purpose is to develop underground reserves from the Central Mine, where Apatit miners have extracted over 720 million tons of apatite-nepheline ore in harsh climatic conditions using open-pit mining since 1964.

The full range of design and survey work for the construction of the Rasvumchorr Plateau mine was carried out by the Ya.V. Samoilov Research Institute for Fertilizers and Insectofungicides (PhosAgro Group), the only research institute in Russia specializing in research into phosphate processing technologies and the production of phosphoric and sulfuric acids, phosphorus- and nitrogen-containing mineral fertilizers, and the design of chemical, mining, and beneficiation facilities.

Mining operations commenced in 2018. To date, capital mining operations have been completed to construct opening, transport, and ventilation workings at the 430-meter level, covering a total length of approximately 20 km and a volume of excavation exceeding 450,000 cubic meters. The level is fully equipped with utilities, including communication lines, positioning systems, fire-fighting and sprinkler pipelines, high-voltage and low-voltage power lines, and lighting.

"The Rasvumchorr Plateau mine is scheduled to produce 150,000 tons of ore this year. Next year, we'll increase this figure by more than 2.5 times, planning to extract 390,000 tons of ore. The new mine will reach its design capacity of 6 million tons in 2034," says Viktor Melnik, Director of the Mining Department at the Kirov branch of Apatit JSC.

Development work at the Rasvumchorr Plateau mine is currently ongoing. Specifically, shaft development is underway to open the 310-meter horizon. Further work is planned to construct crushing and haulage complex No. 6, with its commissioning scheduled for 2029. Locomotive haulage is scheduled to begin in 2031, and mining of the 310-meter horizon is expected to begin.

PhosAgro's total investment in the mine's construction and equipment will exceed 38 billion rubles.

"Developing the ore and raw material base of the Apatit Mining and Processing Plant is a key focus of PhosAgro's investment policy. We annually utilize up to a third of the company's investment budget, and the results of this work are annually reflected in our production results. This year, we have already set records for daily and monthly shipments of finished products, and by the end of the year, we plan to produce the largest volume of apatite concentrate since the post-Soviet era," emphasized Andrey Abrashitov, Director of the Kirov branch of Apatit JSC.

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Moscow. December 11, 2025. PhosAgro entered the top group of the "Corporate Philanthropy Leaders – 2025" rating, ranking companies with the most effective social programs. The "Corporate Philanthropy Leaders" project includes a rating of companies' social and charitable activities and a competition for corporate programs in specific categories. It has been implemented since 2006 by the Donors Forum association and its partners, including the Ministry of Economic Development, the Accounts Chamber of the Russian Federation, the Presidential Grants Fund, and the Russian Union of Industrialists and Entrepreneurs. The project's goal is to support, develop, and promote corporate philanthropy and social investment.

"The project has been running for 20 years and has become somewhat of a tradition. I know that participation is truly important for many companies as a sign of the quality of their social investment activities. We are very proud of our partners, who allow us to objectively assess the state of corporate philanthropy in a particular topic (in the nomination competition) and overall (in the company performance rankings). The competition nominations always reflect what we want to highlight and see relevant examples and interesting practices," noted Alexandra Boldyreva, Executive Director of the Association of Grant-Giving Organizations "Donors Forum."

In 2025, 78 companies participated in the "Corporate Philanthropy Leaders" project. A distinguished jury analyzed the businesses' approaches to social and charitable activities, their organizational aspects, and stakeholder engagement. The experts also examined the methods companies use to evaluate the effectiveness of social programs and identify ways to improve their efficiency.

The "A Leaders" group included 17 Russian companies that demonstrated the highest effectiveness of their charitable activities, including PhosAgro, Biocad, Kept, FESCO Transportation Group, AFK Sistema, Gazprom Neft, Metalloinvest, Norilsk Nickel, Protek Group, Rosatom, VTB Bank, and others. The scores earned by the leading companies for each assessed aspect amounted to at least 75% of the maximum. The corporate social programs competition determined winners in ten categories.

PhosAgro's "Promoting Improved Quality and Accessibility of Medical Care in the Murmansk Region" program won the "Best Program (Project) Implemented with the Support of Government Institutions" category. With its support, the company significantly upgraded the facilities of the Apatity-Kirov Central District Hospital. Today, it is a large medical complex, comprising two children's and two adult clinics, two women's clinics, a dental clinic, an emergency and urgent care department, paramedic and obstetric stations in the villages of Koashva and Titan, day hospitals, and numerous auxiliary units and services. Highly qualified specialists provide diagnosis and treatment here. More than 1,300 employees work across all departments of the clinic. PhosAgro funds the purchase of state-of-the-art medical equipment and allocates additional funds to attract medical personnel to the Arctic cities of Kirovsk and Apatity.

Apatit JSC (part of the PhosAgro Group) was also awarded a special diploma in the category "Best Corporate Social Investment Program in Territories in the Context of Sustainable Development and Business Strategy" for creating modern urban and tourist infrastructure in the Far North.

PhosAgro CEO Alexander Gilgenberg thanked the expert jury of the "Corporate Philanthropy Leaders – 2025" rating for their thorough and comprehensive analysis of the company's social and charitable activities.

"Caring for our workforce and all residents of the regions where we operate has been a strategic and consistent priority for PhosAgro since its inception. Over the past three years alone, the company has invested a total of 40 billion rubles in supporting our social and charitable projects, including creating a comfortable urban environment in the regions. To this end, we make anchor investments that serve as a launchpad for small businesses and the service sector. The best example is the development of the Khibiny mountain tourism cluster in the Arctic city of Kirovsk. This is one of the key projects in the comprehensive socioeconomic partnership between the company and the Government of the Murmansk Region, in which we have already invested 25 billion rubles.

"The high praise for this work by the Donor Forum experts is a reputable endorsement of the company's direction, effectiveness, and relevance of its social projects supporting education, healthcare, sports, and the creation of a comfortable urban environment," noted Alexander Gilgenberg.

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Moscow. December 11, 2025. Sergey Krivovichev, Director General of the Kola Science Center of the Russian Academy of Sciences (KSC RAS), was awarded the Sber Scientific Prize in the Physical World category.

The awards ceremony was held in Moscow. It was attended by Deputy Prime Minister of the Russian Federation Dmitry Chernyshenko, Minister of Healthcare of the Russian Federation Mikhail Murashko, Minister of Science and Higher Education of the Russian Federation Valery Falkov, President and Chairman of the Executive Board of Sberbank Herman Gref, Academician of the Russian Academy of Sciences and Rector of the Skolkovo Institute of Science and Technology Alexander Kuleshov, and others.

In 2025, the Sber Science Prize received 290 applications—almost triple the number from the previous year. The majority of the works—214—were in three main categories: "Physical World," "Life Sciences," and "Digital Universe." The "AI in Science" category for young scientists received 76 applications. Most of the applications came from Moscow, St. Petersburg, Novosibirsk, Nizhny Novgorod, Samara, Tomsk, and Kazan.

The 2025 prize fund exceeded 100 million rubles. Each laureate in the main categories received 30 million rubles. Young scientists using artificial intelligence in their research received 5 million rubles in the "AI in Science" category, as well as 1 million rubles for cloud computing for their future work.

"Our scientific award is a way to say thank you to people who have dedicated themselves to science. It's a way to inspire the many young scientists who have embarked on this important path. I know of no more meaningful work than that of a scientist. Science is a very complex endeavor. It requires remarkable talent, but most importantly, perseverance. You have to try 99 times and not give up, so that the hundredth attempt succeeds. Our award is a way to support these people in this hard work and show that we believe in them," emphasized Herman Gref, President and Chairman of the Executive Board of Sberbank.

For the development of fundamentally new approaches in Earth sciences, including the theory of anion-centered complexes and methods of information-entropy analysis for understanding mineral-forming processes and creating new mineral-like materials, Professor Sergei Krivovichev, Director General of the Federal Research Center Kola Science Center of the Russian Academy of Sciences and Academician of the Russian Academy of Sciences, was recognized as the best in the Physical World category.

These studies address both fundamental questions of mineralogy—such as the relationship between the composition, crystal structure, and properties of minerals—and applied problems related to the creation of new mineral-like materials. The use of information theory has provided new insights into the mechanisms governing the formation and transformation of minerals throughout Earth's history, the diversity of mineral species, and their chemical and structural complexity.

The award was presented to the head of the Kola Science Center of the Russian Academy of Sciences by the Minister of Science and Higher Education of the Russian Federation, Valery Falkov.

"First of all, I would like to thank the Sber team and German Oskarovich for such a wonderful gift to Russian scientists. I would also like to thank the members of the scientific award committee for choosing me as this year's laureate in the Physical World category. This underscores the importance of mineralogy and geochemistry for our country," noted Sergey Krivovichev, accepting the award. "The Kola Peninsula is an amazing place, home to numerous rich mineral deposits and a number of outstanding mining companies, with whom we have very strong ties. But I would especially like to single out and thank PhosAgro, our center's main industrial partner, with whom we are implementing a number of very important scientific, industrial, and educational projects."

The creation of a Research Center for the detailed study of the material composition of mineral raw materials and further improvement of the efficiency of apatite-nepheline ore processing at the Kola Science Center of the Russian Academy of Sciences, funded by PhosAgro, significantly expanded research capabilities in the field of technological mineralogy. Opened in the Akademgorodok of the Kola Science Center in March 2024, the company invested over 500 million rubles in its construction and equipment.

The development of the Kola Science Center of the Russian Academy of Sciences, which celebrated its 95th anniversary this year, has historically been closely linked to the Apatit Mining and Processing Plant. The company, now part of the PhosAgro Group, traditionally utilizes cutting-edge developments from KSC researchers. For example, in recent years, scientists from the KSC Mining Institute have developed a unique seismicity monitoring and rock burst warning system, the SIGMA GT, for Apatit. They are also working on the design of Apatit's mine workings, optimizing quarry walls, and solving surveying problems related to ensuring the most complete extraction of minerals from the ore body. A significant portion of their work is related to beneficiation—KSC scientists are constantly testing new flotation reagents. Environmental issues are also a significant focus of the joint work between KSC scientists and Apatit specialists.

"On behalf of PhosAgro, I congratulate Sergey Vladimirovich on this well-deserved award. This is a prestigious recognition of the contributions of the team at the Kola Science Center of the Russian Academy of Sciences to the development of mining, geology, and geochemistry—critical scientific disciplines that underpin the development of the domestic chemical industry. We are proud that our joint projects are a significant part of this extensive and important work, and we are confident that it will continue," noted Alexander Gilgenberg, CEO of PhosAgro.

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Moscow. November 20, 2025. The Board of Directors of PhosAgro PJSC, one of the world's leading producers of phosphate-based mineral fertilizers, approved the progress of the company's key investment projects at its meeting today.

As Alexander Gilgenberg, CEO of PhosAgro, reported in his report, systematic work continues at all PhosAgro production facilities to complete the 2025 development strategy. For the second year in a row, the company will invest approximately 70 billion rubles. As a result, the following projects have already been completed this year:

In March, the next stage of development of the aluminum fluoride plant in Cherepovets was completed. Production of aluminum fluoride increased by 4.5 thousand tons per year to 79 thousand tons;

· In May, gas piston units with a capacity of 28.8 million kWh per year were launched in Balakovo as part of a project to develop in-house electricity generation;

In June, the second production line of the SK-20/1 sulfuric acid plant in Balakovo was launched. Sulfuric acid production increased by 750,000 tons per year, making the production complex 100% self-sufficient in sulfuric acid.

In April-June, pilot production of mineral fertilizers commenced in Balakovo as part of the third-stage development project, which involves the creation of a flexible production scheme for MAP, DAP, NPK, and NPS fertilizers using the best available technologies. After completing all three stages of modernization and reaching full capacity, the production capacity of this production complex is expected to increase by almost 1 million tons of product per year (compared to 2024 levels) to 3.5 million tons of fertilizers in demand by Russian farmers.

As part of the ore resource development program, underground mining of the Rasvumchorr Plateau deposit began in October at the Kirov branch of JSC Apatit (part of the PhosAgro Group). The new mine is expected to reach its design capacity of 6 million tonnes of apatite-nepheline ore per year in 2034.

In October 2025, a phosphogypsum conversion plant was commissioned in Balakovo using new technology developed by JSC NIUIF. It processes phosphogypsum and hydrofluorosilicate acid (by-products of wet-process phosphoric acid production) into an ammonium sulfate conversion solution, followed by processing into a granulated product with partial substitution of sulfuric acid.

The Board of Directors reviewed information on the financial results of PhosAgro PJSC for the first nine months of 2025, including the interim consolidated financial statements under IFRS.

Reports were also heard on the status of occupational health and safety at organizations within the same group as PhosAgro, on the results of monitoring the Company's key risk management in the third quarter of 2025, and on key aspects of ensuring cybersecurity at enterprises within the same group as PhosAgro. The Board of Directors postponed consideration of the Company's development strategy to 2030 until a future meeting.

In addition, the Board of Directors approved the transactions concluded by the Company in which there is an interest, reviewed the information from the chairmen of the committees of the Board of Directors of the Company on the work of the relevant committees in the third quarter of 2025 and on the organization of the self-assessment of the work of the Board of Directors for 2025.

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Moscow. November 20, 2025. PhosAgro Group (hereinafter "PhosAgro" or the "Company"; ticker on the Moscow and London Stock Exchanges: PHOR), a Russian vertically integrated company that includes one of the world's largest producers of phosphate-based mineral fertilizers, today publishes its consolidated interim condensed financial statements for the nine months ended September 30, 2025.

Key performance indicators for the first 9 months of 2025

Agrochemical production increased by 4.3% year-on-year to 9.15 million tonnes. This increase was primarily driven by a 5.5% increase in phosphate fertilizer and feed phosphate production to 7.02 million tonnes. Total agrochemical sales increased by 2.9% year-on-year to 9.35 million tonnes. Revenue for the first nine months of 2025 amounted to RUB 441.7 billion, up 19.1% year-on-year. The company's EBITDA was RUB 145.7 billion, up 17.9% year-on-year. Adjusted EBITDA increased by 34.2% year-on-year to RUB 164.3 billion. Free cash flow increased more than 50% to RUB 59.0 billion. Net debt as of September 30, 2025, amounted to 254.5 billion rubles. The net debt to EBITDA ratio (for 12 months) at the end of the reporting period decreased to 1.28x.

Key financial and operational indicators:

Revenue 441,736 371,035 19.1% EBITDA * 145,663 123,523 17.9% EBITDA margin 33.0% 33.3% EBITDA adj.** 164,289 122,412 34.2% Net profit 95,692 64,817 47.6% Net profit, adj.*** 89,270 72,986 22.3% Free cash flow 59,018 35,991 64.0% 09/30/2025 12/31/2024 Net debt 254,522 325,356 Net debt/EBITDA for 12 months 1.28 1.84

* EBITDA is calculated as operating profit minus depreciation.

** Adjusted EBITDA is defined as EBITDA excluding exchange rate differences from operating activities.

*** Adjusted net profit is defined as net profit excluding gains or losses from exchange rate differences.

Comments on the financial indicators for the first 9 months of 2025

The company's revenue for the first nine months of 2025 increased by 19.1% year-on-year. This growth was primarily due to increased production and sales of phosphorus and nitrogen fertilizers in the Russian and international markets.

The company's EBITDA for the first nine months of 2020 amounted to 145.7 billion rubles, 17.9% higher than the same period in 2024. This year-over-year increase was positively impacted by growth in sales volumes and prices. However, the figure was under pressure from the non-cash effect of exchange rate differences arising from the strengthening of the ruble against the US dollar.

Adjusted for this effect, EBITDA for the first nine months of 2025 amounted to RUB 164.3 billion, 34.2% higher than the figure for the same period last year.

EBITDA yield for the first nine months of 2025 was 33.0%. This level of profitability was achieved by the high efficiency of the company's production assets, increased production of high-margin fertilizers, a flexible sales policy, and a high level of self-sufficiency in raw materials.

Free cash flow (FCF) for the first nine months of 2025 amounted to RUB 59.0 billion, an increase of more than 50% compared to the same period last year. This figure was driven by increased operating profit (due to increased sales volumes at higher prices on global markets), higher sales margins, and a cash inflow from working capital totaling over RUB 4 billion.

The company's working capital dynamics during the reporting period were impacted by an outflow of funds for accounts receivable and accounts payable in the third quarter. This outflow was due to changes in exchange rates, shipments of products to the domestic market based on previously received advances, and continued high sales volumes to Latin American markets.

The company's high profitability and prudent approach to investment (the internal capital expenditure target is no more than 50% of EBITDA) enable it to effectively manage its debt burden. As of the end of the first nine months of 2025, the company's net debt amounted to RUB 254.5 billion, and the net debt/EBITDA ratio at the end of the period was 1.28x.

This level of the indicator is comfortable for the company and allows it not only to service its current debt, but also to actively manage the structure of its borrowing portfolio in terms of currencies, terms, and interest rates.

Among the most recent transactions in the public debt market, one can note the issue of bonds in the amount of US$250 million with a 3-year term and a 7% coupon, the order book for which was successfully closed at the end of September, and the placement itself was completed in early October.

This transaction is consistent with the Group's debt policy of raising foreign currency financing and provides borrowings secured by the company's foreign currency revenues. The funds raised will be used to refinance existing debt, and the significantly lower coupon rate, compared to the cost of ruble borrowings, will reduce interest payments across the Group's entire debt portfolio.

The company's high credit quality is confirmed by credit ratings from leading Russian agencies at the country ceiling level of "AAA".

Phosphorus-containing fertilizers and feed phosphates 7,019.5 6,655.0 5.5% Nitrogen fertilizers 1,938.4 1,902.6 1.9% Other products 196.8 221.5 -11.2% TOTAL agrochemical products 9,154.7 8,779.1 4.3% Phosphorus-containing fertilizers and feed phosphates 7,166.8 6,985.7 2.6% Nitrogen fertilizers 1,986.1 1,878.1 5.8% Other products 198.1 220.5 -10.2% TOTAL agrochemical products 9,351.0 9,084.3 2.9%

Comments on operating indicators for the first 9 months of 2025

The production of agrochemical products for the first 9 months of 2025 increased by 4.3% and amounted to 9.15 million tons.

The main increase in production was in phosphate fertilizers (DAP, up 47.2%; NPK, up 11.9%; and MSR, up 24.7%). These growth figures are due to the completion of commissioning and the ramp-up of output in Balakovo. The production capacity of this production complex, after completing all three modernization phases and reaching full capacity, is expected to increase by almost 1 million tons of output per year (compared to 2024 levels).

The increase in production volumes of the main raw materials – phosphoric and sulfuric acids – provided the company’s production capacity with the necessary raw materials.

Nitrogen fertilizer production volumes increased by 1.9% due to the optimization of production processes at existing facilities.

The company's fertilizer sales for the first nine months of 2025 increased by 2.9%, driven by improved production performance, the Group's highly efficient distribution network in Russia, and the strong position of the company's products in global markets.

Phosphate fertilizers accounted for the bulk of sales growth. DAP sales for the first nine months of 2025 increased by 35.7% year-on-year. This fertilizer was in high demand in Southeast Asian markets, as export restrictions in China reduced supply in the region. The supply shortage and low carryover inventory levels led to higher prices in India and ensured higher sales margins compared to other markets.

Taking advantage of the favorable market conditions, the company was able to redirect additional volumes of fertilizers to the Indian market and increased sales in this area by almost 2.5 times over the first nine months compared to the previous year.

Moreover, sales volumes to India in the third quarter of 2025 increased more than 12-fold compared to the same period last year.

The 6.2% increase in NPK sales in the first 9 months of 2025 was due to both good demand in the Russian market and the growth of production capacity in Balakovo.

Among the export markets with the highest growth rates of shipments over the first 9 months of 2025, the African market stands out, with sales to it growing by 16.1%.

Fertilizer market in Q3 2025

During the third quarter of 2025, the upward price trend in nitrogen and phosphate fertilizer markets continued, driven by growing seasonal demand in key export destinations, particularly in South Asia (India) and Central and South America. The need to replenish low carryover stocks in the Indian market and the reduction of phosphate fertilizer export quotas from China (relative to 2024 quota levels) further supported prices in the phosphate and nitrogen fertilizer markets.

By the middle of the third quarter, global fertilizer prices reached peak levels and began to gradually adjust as the main phase of seasonal procurement ended and the affordability of fertilizers decreased relative to prices of key agricultural products.

The average price level for DAP/MAP in Q3 2025 was $736/t, FOB, Baltic, compared to the average price level of $662/t, FOB, Baltic in Q2 2025 and $570/t, FOB, Baltic in Q3 2024.

The average price level for urea in Q3 2025 was $426/t, FOB, Baltic, compared to the average price of $360/t, FOB, Baltic in Q2 2025 and $307/t, FOB, Baltic in Q3 2024.

Outlook for Q4 2025

The global fertilizer market in Q4 was characterized by stable demand from India, especially in the urea market, but a decrease in demand from Latin American markets due to the end of the fertilizer purchasing season.

The resumption of restrictions on fertilizer exports from China, combined with rising global prices for key raw materials (ammonia, sulfur), will curb the downward price trend in fertilizer markets.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Phosagro – Phosagro – An important disclaimer is at the bottom of this article.

Sirius. On November 28, 2025, PhosAgro presented its projects to support science and higher education at the 5th Congress of Young Scientists. At the forum's plenary session, Denis Novikov, CEO of Apatit JSC (part of the PhosAgro Group), and Olga Ivaschenkova, Lead Engineer of the Geological Institute of the Kola Science Center of the Russian Academy of Sciences, reported on the company's work in this area to Deputy Prime Minister Dmitry Chernyshenko.

This year, the key annual event of the Decade of Science and Technology was held under the theme "The Energy of Science: From the Potential of Knowledge to Creating the Future." More than 9,000 participants gathered at the Sirius Federal Park. These included leaders of leading scientific schools, representatives of educational organizations, government agencies, and major industrial partners.

As moderator of the plenary session, Deputy Prime Minister Dmitry Chernyshenko emphasized that, according to the Ministry of Economic Development, Russia's nominal GDP will reach 315 trillion rubles by 2030. Research spending should increase by 2% of GDP, or more than 6 trillion rubles. The government is counting on the support of business and the industrial sector in this important endeavor.

"Young scientists are our main driver. We're betting on them. Friends, you're not only bursting with new ideas, but you're also inspiring everyone—including your mentors, whom you surprise and delight with your results. Many young researchers are already leading their own teams—for example, running youth laboratories," noted Deputy Prime Minister of the Russian Federation Dmitry Chernyshenko.

PhosAgro, one of the congress's industrial partners, presented its own stand at the event, covering all areas of support for science and education, as well as cutting-edge youth outreach projects. The Group includes NIUIF, Russia's only and one of the world's leading specialized research institutes for fertilizers and agrochemistry. PhosAgro collaborates with the Russian Academy of Sciences and Innopraktika to develop innovative solutions. PhosAgro also devotes significant attention to research in agrobiotechnology at the Sirius University of Science and Technology, where the company supported the opening of the Life Sciences laboratory complex, one of the largest in Russia. PhosAgro also supports young researchers through projects with leading international organizations and specialized Russian universities, and is establishing a higher school for training mining engineers at a branch of Murmansk Arctic University in Apatity.

"PhosAgro is a leading supplier of mineral fertilizers to Russian farmers and customers in 100 countries. And we know from experience that science is essential in a highly competitive environment. While science may go unnoticed in production, its absence has immediate consequences. Over the past 10 years, we've doubled our fertilizer output. This is the result of extensive investment in development and R&D – over 70 billion rubles annually. This comprehensive work is bearing fruit. Ten years ago, we had 25 fertilizer brands; today, we have 58. As part of our development strategy through 2030, we plan to expand our product range to 100 brands. Furthermore, we have patents for the production of a full line of bio-based NPK fertilizers. These contain beneficial microorganisms that help plants better absorb nutrients. These are truly breakthrough technologies, and completely domestically produced," said Denis Novikov, CEO of Apatit JSC.

One of the panel session's experts was Olga Ivaschenkova, a researcher at the Kola Science Center of the Russian Academy of Sciences—the largest federal research center north of the Arctic Circle. It is home to the highest levels of expertise in earth sciences, including geology, mining, raw material extraction and processing technologies, and chemical processing. Throughout its history, the KSC's most important technological partner has been the Apatit Plant and the PhosAgro Group as a whole. With PhosAgro's support, the KSC established a Research Center for the detailed study of mineral composition and further improvement of apatite-nepheline ore processing efficiency. Olga Ivaschenkova works there in the Apatite-Nepheline Deposit Ore Mineralogy Group.

"I perform in-depth petrographic and mineralogical analysis of process samples. My task is to identify 'hidden' rock properties that affect ore beneficiability. We work to extract as much useful material as possible from the ore, while maintaining the high quality of the final product (apatite concentrate)—even if the ore composition changes. Over three years, we've analyzed 3,500 samples. Based on the results, we create a 3D model of geological and technical mapping of the deposits being developed, which the company uses to plan ore extraction with a more accurate assessment of the parameters. This isn't just abstract research. Our work directly impacts the extraction and processing of exceptionally pure apatite-nepheline ore mined by PhosAgro. It's used to produce environmentally friendly phosphorus-containing fertilizers. Today, it's especially important that the results of scientific research aren't confined to laboratories, but find real-world applications. "The relationship between the Kola Science Center and PhosAgro, and the company's support in this regard, is unique. I am proud that our scientific work makes a real contribution to ensuring food security and the economic and technological sovereignty of our country," emphasized Olga Ivaschenkova, Lead Engineer at the Kola Science Center of the Russian Academy of Sciences' Geological Institute.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.