ICL Group (ICL) investor relations material

Executive summary

• Sales reached $2.0B in Q1 2026, up 14% year-over-year, with growth across all business segments.

• Adjusted net income rose 26% to $139M, adjusted EBITDA increased 15% to $412M, and adjusted EPS improved 22% to $0.11.

• Operational resilience and strategic execution drove performance despite higher raw material costs, currency headwinds, and regional volatility.

• Strategic milestones included the acquisition of Bartek Ingredients and opening a specialty fertilizer facility in India.

• Focused on production improvements and operational efficiencies across all segments.

Financial highlights

• Gross profit was $626M (31% of sales), adjusted net income $139M, adjusted EBITDA $412M, and adjusted EPS $0.11.

• Operating cash flow improved 18% year-over-year to $195M; free cash flow was $61M.

• Net debt to adjusted EBITDA stable at 1.5x; cash and equivalents $581M as of March 31, 2026.

• Dividend payout of $69M declared, annual yield at 3.7%.

• Net income attributable to shareholders was $126M, up from $91M year-over-year.

Outlook and guidance

• Full-year 2026 adjusted EBITDA guidance raised by $100M to $1.5B–$1.7B.

• Potash sales volumes expected between 4.5M–4.7M metric tons.

• Annual adjusted tax rate forecasted at ~30%.

• Management monitoring currency fluctuations and raw material prices as key variables.

• Focus on benefiting from elevated bromine and potash prices.