{"success":true,"data":{"pressRelease":{"id":"154424","rtpr_id":"nPre4qJfYa-20260928","ticker":"OCI","exchange":"Euronext Amsterdam","all_tickers":["OCI"],"title":"OCI Global Reports H1 2026 Results","author":"PR Newswire","published_at":"2026-09-28T16:09:41.393Z","article_body":"OCI Global Reports H1 2026 Results\nPR Newswire\n\nAMSTERDAM, Sept. 28, 2026\n\nAMSTERDAM, Sept. 28, 2026 /PRNewswire/ --\n\n\n\nHassan Badrawi, CEO of OCI Global commented:\n\n\"During the first half of 2026, OCI advanced the final stages of its strategic\nreview. We completed the sale of our global ammonia distribution and terminal\nbusiness to AGROFERT, handed over Beaumont New Ammonia to Woodside and\nmonetized our entire investment in Methanex. In June, we reached agreement\nwith AGROFERT for the sale of an initial 50% interest in OCI Nitrogen,\nexpected to close in the second half of 2027, together with a mechanism for\nthe subsequent sale of the remaining interest. The agreement provides a\npathway for OCI Nitrogen to transition to a strategic owner with an\nestablished position in European nitrogen markets, supporting continuity for\nits employees, customers and operations.\n\nAlongside these developments, and with the consent of the directors appointed\nby the Enterprise Chamber, we have convened an extraordinary general meeting\nat which shareholders will be asked to approve the proposed combination with\nOrascom Construction. The offer period for NNS's recommended public cash offer\nfor all OCI shares commenced on 15 September 2026, providing shareholders with\na cash exit alternative, subject to the terms and conditions of the offer.\n\nThroughout this process, our priorities remain maintaining operational\ndiscipline at OCI Nitrogen amid challenging market conditions, managing the\nGroup's remaining assets and obligations and completing the transactions\nrequired to conclude OCI's strategic transformation.\"\n\nBasis of preparation\n\nAs of 30 June 2026, OCI's remaining assets and liabilities, including OCI\nNitrogen (\"OCIN\"), are classified as held for sale in connection with the\nproposed combination with Orascom Construction PLC (\"Orascom Construction\" or\n\"OC\"). With no continuing operations remaining, the Group's results are\npresented entirely within discontinued operations, including results of\ndisposed businesses up to their respective completion dates. The H1 2025\nincome statement and cash flow comparatives have been re-presented\naccordingly.\n\nOCI has discontinued alternative performance measure (APM) adjustments,\nreflecting their reduced relevance to management's assessment of underlying\noperating performance and strategic decision-making.\n\nFor further details of the Group's financial performance and position, please\nrefer to OCI N.V.'s published Semi-annual Report H1 2026, included as an\nappendix to this press release. \n\nKey Financial Highlights\n\nH1 2026 Key Highlights\n* OCI Global (Euronext: OCI) reported net profit attributable to shareholders\nof USD 1 million in H1 2026, compared with USD 343 million in H1 2025. The H1\n2026 result includes a USD 238 million gain on the disposal of OCI Ammonia\nHolding (\"OCI AH\"), largely offset by an impairment charge at OCI Nitrogen.\nThe prior-year result included a USD 688 million gain on the sale of OCI\nMethanol.\n\n\n* The OCI Nitrogen segment reported revenue of USD 534 million in H1 2026,\ncompared with USD 566 million in H1 2025([1]). Operating profit increased to\nUSD 53 million from a loss of USD 21 million in the prior-year period,\nreflecting favorable market conditions in the beginning of the period, as more\nfully described below. Despite positive earnings during the first half of\n2026, OCI Nitrogen reported negative free cash flow of USD 2 million. More\nrecently, OCI Nitrogen has experienced increased margin pressure as higher\nEuropean TTF gas prices have coincided with declining product selling prices\nand weaker demand in certain end markets. As a result, operating performance\nin July and August 2026 deteriorated materially relative to the levels\nachieved in H1 2026. Management estimates adjusted EBITDA and free cash flow\nfor July and August 2026 of approximately USD 8 million and negative USD 16\nmillion, respectively. Management's outlook for the remainder of 2026 reflects\na continuation of these less favourable market conditions.\n\n\n* OCI Nitrogen reported a net loss attributable to shareholders of USD 175\nmillion in H1 2026, compared with a net loss of USD 12 million in H1 2025.\n\n\n* Prior to its classification as held for sale on 1 June 2026, OCI Nitrogen\nrecognised a non-cash impairment charge of USD 215 million, which resulted in\na June 30 carrying value of USD 123 million after management concluded that\nthe carrying amount of the business exceeded its fair value less costs of\ndisposal. The assessment reflected the impact of sustained geopolitical\ntensions, including elevated European natural gas prices, volatility in\nnitrogen markets and significant disruption at major on-site customers, which\nreduced customer operating rates and ammonia offtake.\n\n\n* Total corporate costs within Corporate Entities were USD 58 million in H1\n2026, compared with USD 69 million in H1 2025. A substantial portion of H1\n2026 costs related to strategic transactions, legal and advisory expenses,\nEnterprise Chamber proceedings and other costs associated with the Company's\nongoing transformation.\nNet Cash Highlights\n* As of 30 June 2026, held-for-sale net cash was USD 1.05 billion. This\ncompares with a net cash position of USD 695 million on 31 March 2026 and net\ndebt of USD 54 million on 31 December 2025. The increase during H1 2026\nprimarily reflects receipts relating to the handover of Beaumont New Ammonia,\nnet proceeds from the OCI AH disposal and the sale of Methanex shares. This\nwas partially offset by corporate cash outflows, including one-off items, and\na net cash outflow at OCI Nitrogen.\nKey Strategic and Business Highlights\n\nProposed Combination with Orascom Construction and NNS Cash Offer\n* OCI continues to progress its proposed combination with Orascom\nConstruction, announced on 9 December 2025 (the \"Combination\"). The\nCombination would establish an Abu Dhabi-anchored infrastructure and\ninvestment platform, combining OC's construction and concessions expertise\nwith OCI's capital base and investment experience.\n\n\n* On 14 September 2026, NNS Holding (Cyprus) Limited (\"NNS\") published its\nAFM-approved offer memorandum for its voluntary all-cash public offer to\nacquire OCI shares at EUR 4.10 per share, cum dividend (the \"Offer\"). The\nacceptance period opened at 09:00 CEST on 15 September 2026 and remains open,\nwith a scheduled closing deadline of 17:40 CET on 17 November 2026, unless\nextended. The Offer has no minimum acceptance threshold and is subject to the\nterms and conditions set out in the Offer Memorandum.\n\n\n* OCI published its position statement on 15 September 2026, setting out the\ndirectors' respective assessments of the Offer. The Independent Directors([2])\nunanimously recommend the Offer, on its terms and subject to its conditions,\nand continue to recommend the Combination. Their assessment was informed by\nindependent advice, including Alvarez & Marsal's solvent wind-down analysis\nand Rothschild & Co's fairness opinion. They consider the Offer financially\nmore attractive than a solvent wind-down but do not express a preference\nbetween tendering shares into the Offer and participating in the Combination.\nShareholders are encouraged to make their own assessment, taking into account\ntheir individual circumstances and investment objectives.\n\n\n* The directors appointed by the Enterprise Chamber (the \"EC Directors\")\nsupport the availability of the Offer as a cash alternative for shareholders,\nwhile maintaining a neutral opinion on the offer price. Their support does not\nconstitute a recommendation to shareholders to tender their shares. Having\nassessed the Combination in conjunction with the Offer, the EC Directors\nconsider that the two propositions together give adequate and reasonable\nweight to the interests of OCI's minority shareholders. Their assessment was\nsupported by separate financial and legal advice, including AXECO's fairness\nopinion.\n\n\n* With the consent of the EC Directors, OCI has convened an extraordinary\ngeneral meeting for 30 October 2026 (the \"EGM\") to discuss the Offer and vote\non the resolutions relating to the Combination. The resolutions relating to\nthe Combination are subject to the conditions described in the EGM\ndocumentation, including conditions relating to the Offer. Further details are\nprovided in the EGM agenda, explanatory notes and OCI's position statement.\n\n\n* Following the hearing on 20 August 2026 in the proceedings initiated by VEB\nand certain other shareholders, OCI is awaiting the Enterprise Chamber's\ndecision, which is expected by 7 October 2026. These shareholders did not seek\ninterim measures aimed at postponing, prohibiting or otherwise preventing\ncompletion of the Combination.\n\n\n* Completion of the Combination is currently expected in Q4 2026, subject to\nshareholder approval and satisfaction of applicable transaction conditions.\nOCI Nitrogen\n* On 1 June 2026, OCI entered into an agreement with AGROFERT pursuant to\nwhich AGROFERT will acquire an initial 50% interest in Nitrogen Intermediate\nHolding B.V., the parent company of OCI Nitrogen B.V (\"OCI Nitrogen\").\nCompletion of the initial transaction is expected by H2 2027, subject to\nregulatory approvals, OCI shareholder approval and other customary closing\nconditions. The agreement also provides OCI with a put option and AGROFERT\nwith a call option over the remaining 50% interest in OCIN, exercisable from\ntwo years after completion of the initial transaction.\n\n\n* OCI Nitrogen was classified as held for sale as of 1 June 2026, and the\nresults of the European Nitrogen segment, including the Ammonia Distribution\nbusiness, are presented as discontinued operations in accordance with IFRS 5.\n\n\n* Nitrogen market fundamentals were generally supportive through April 2026,\nwhen pricing moderated from peak levels reached earlier in the year. Market\nconditions deteriorated following the escalation of geopolitical tensions in\nthe Middle East, which drove a significant increase in European natural gas\nprices without a corresponding increase in nitrogen product prices. As a\nresult, a substantial divergence emerged between gas input costs and selling\nprices for the remainder of the period. These market conditions have persisted\ninto Q3 2026. Average European natural gas prices in Q3 2026 to mid-September\nwere approximately 40% higher than in Q2 2026, while average ammonia and CAN\nprices were approximately 20% and 10% lower, respectively, and significantly\nbelow the peaks reached in April.\n\n\n* In response to the current margin environment, OCI Nitrogen has reduced\nproduction at certain facilities and curtailed ammonia production where\neconomics do not support full operating rates. Major on-site customers have\nalso operated at significantly reduced rates during the period, contributing\nto lower ammonia offtake, reduced asset utilisation and materially higher\nper-unit operating costs.\n\n\n* Conditions in the melamine market have been particularly challenging, with\nweakened demand, lower operating rates and continued pressure on\nprofitability. On this basis, OCI Nitrogen has prioritised production of\nhigher-return products, including UAN and AdBlue, and continues to assess\nalternative operating configurations for its melamine assets.\n\n\n* In addition to challenging market conditions, earnings were affected by\noperational disruptions at certain production facilities and major on-site\ncustomers during the period. OCI Nitrogen continues to operate in a highly\ncyclical and operationally leveraged environment, where relatively small\nchanges in natural gas costs, product pricing, plant reliability and customer\noperating rates can have a disproportionate impact on profitability, cash\ngeneration and valuation.\nBeaumont New Ammonia\n* On 25 March 2026, OCI completed the handover of Beaumont New Ammonia to\nWoodside and received the USD 470 million deferred consideration, representing\n20% of total transaction proceeds, less amounts withheld in respect of\noutstanding construction obligations, certain closing-related adjustments and\nremaining estimated close-out costs. OCI has since substantially completed the\nproject close-out process, including the settlement of all subcontractor\nclaims. OCI continues to estimate total project costs through completion at\napproximately USD 1.8 billion, consistent with Q4 2025. This total budget is\ninclusive of all close-out costs and the H2 2026 final settlement.\nOCI Ammonia Holding\n* On 31 March 2026, OCI completed the sale of its entire equity interest in\nOCI AH to AGROFERT, receiving initial cash proceeds of EUR 297 million (USD\n342 million). The transaction remains subject to customary post-closing\nadjustments, with completion of the settlement process expected in H2 2026.\nOCI does not currently expect those adjustments to have a material impact on\nfuture cash flows.\nMethanex Investment\n* During H1 2026, OCI fully monetized its holding of 9,944,308 Methanex\nshares through a series of block sales, generating total cash proceeds of\napproximately USD 543 million after customary fees and expenses. The shares\nrepresented approximately 12.9% of Methanex's outstanding share capital when\nreceived as consideration for the sale of OCI Methanol in June 2025. The net\nweighted average sale price was USD 54.56 per share, 21% above the reference\nshare price used in the OCI Methanol transaction announced in September 2024.\nFertiglobe Contingent Consideration and Liabilities\n* There have been no material developments that impact the Fertiglobe\ncontingent consideration. Accordingly, the provision remains unchanged from\nthe position reported in the audited 2025 annual accounts. The Board continues\nto believe that the provision of USD 361.6 million represents the best\nestimate of OCI's potential exposure.\nOther Information\n\nNotes\n\nThis report contains unaudited first half financial highlights of OCI N.V.\n(\"OCI Global\", \"OCI\", the \"Group\" or the \"Company\"), a public limited\nliability company incorporated under Dutch law, with its head office located\nat Honthorststraat 19, 1071 DC Amsterdam, the Netherlands.\n\nOCI Global is registered in the Dutch commercial register under No. 56821166\ndated 2 January 2013. The Group is primarily involved in the production of\nnitrogen-based fertilizers and industrial chemicals.\n\nAuditor\n\nThe information contained in this Results Report has not been audited. The\naccompanying Semi-Annual Condensed Consolidated Financial Statements have been\nreviewed, but not audited, by the Company's independent external auditor.\n\nMarket Abuse Regulation\n\nThis press release contains inside information as meant in clause 7(1) of the\nMarket Abuse Regulation.\n\nAbout OCI Global\n\nLearn more about OCI at www.oci-global.com. You can also follow OCI on\nLinkedIn. (https://www.linkedin.com/company/ociglobal/mycompany/)\n\nOCI stock symbols: OCI / OCI.NA / OCI.AS\n\n([1] )Financial performance for OCI Nitrogen in H1 2025 includes the results\nof OCI Ammonia Distribution B.V. prior to its carve-out in August 2025 and is\ntherefore not fully comparable to H1 2026. \n([2] )\"Independent Directors\" means OCI's directors other than Nassef\nSawiris, Nadia Sawiris and the directors appointed by the Enterprise Chamber,\nand includes the Company's executive director.\n\n \n\n(https://mmx.prnewswire.com/media/MS1997550/H1-2026-Results-Report.pdf?id=OA2973993&p=original)\n\nView original content to download\nmultimedia:https://www.prnewswire.co.uk/news-releases/oci-global-reports-h1-2026-results-302891693.html\n\n\n\nContact OCI Global Investor Relations, Sarah Rajani, CFA, Email: sarah.rajani@oci-global.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1872666/OCI-Global-Logo.jpg?id=OA2973682\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPre4qJfYa-20260928","title":"OCI Global Reports H1 2026 Results","author":"PR Newswire","ticker":"OCI","created":"2026-09-28T16:09:41.393Z","tickers":["OCI"],"exchange":"Euronext Amsterdam","article_body":"OCI Global Reports H1 2026 Results\nPR Newswire\n\nAMSTERDAM, Sept. 28, 2026\n\nAMSTERDAM, Sept. 28, 2026 /PRNewswire/ --\n\n\n\nHassan Badrawi, CEO of OCI Global commented:\n\n\"During the first half of 2026, OCI advanced the final stages of its strategic\nreview. We completed the sale of our global ammonia distribution and terminal\nbusiness to AGROFERT, handed over Beaumont New Ammonia to Woodside and\nmonetized our entire investment in Methanex. In June, we reached agreement\nwith AGROFERT for the sale of an initial 50% interest in OCI Nitrogen,\nexpected to close in the second half of 2027, together with a mechanism for\nthe subsequent sale of the remaining interest. The agreement provides a\npathway for OCI Nitrogen to transition to a strategic owner with an\nestablished position in European nitrogen markets, supporting continuity for\nits employees, customers and operations.\n\nAlongside these developments, and with the consent of the directors appointed\nby the Enterprise Chamber, we have convened an extraordinary general meeting\nat which shareholders will be asked to approve the proposed combination with\nOrascom Construction. The offer period for NNS's recommended public cash offer\nfor all OCI shares commenced on 15 September 2026, providing shareholders with\na cash exit alternative, subject to the terms and conditions of the offer.\n\nThroughout this process, our priorities remain maintaining operational\ndiscipline at OCI Nitrogen amid challenging market conditions, managing the\nGroup's remaining assets and obligations and completing the transactions\nrequired to conclude OCI's strategic transformation.\"\n\nBasis of preparation\n\nAs of 30 June 2026, OCI's remaining assets and liabilities, including OCI\nNitrogen (\"OCIN\"), are classified as held for sale in connection with the\nproposed combination with Orascom Construction PLC (\"Orascom Construction\" or\n\"OC\"). With no continuing operations remaining, the Group's results are\npresented entirely within discontinued operations, including results of\ndisposed businesses up to their respective completion dates. The H1 2025\nincome statement and cash flow comparatives have been re-presented\naccordingly.\n\nOCI has discontinued alternative performance measure (APM) adjustments,\nreflecting their reduced relevance to management's assessment of underlying\noperating performance and strategic decision-making.\n\nFor further details of the Group's financial performance and position, please\nrefer to OCI N.V.'s published Semi-annual Report H1 2026, included as an\nappendix to this press release. \n\nKey Financial Highlights\n\nH1 2026 Key Highlights\n* OCI Global (Euronext: OCI) reported net profit attributable to shareholders\nof USD 1 million in H1 2026, compared with USD 343 million in H1 2025. The H1\n2026 result includes a USD 238 million gain on the disposal of OCI Ammonia\nHolding (\"OCI AH\"), largely offset by an impairment charge at OCI Nitrogen.\nThe prior-year result included a USD 688 million gain on the sale of OCI\nMethanol.\n\n\n* The OCI Nitrogen segment reported revenue of USD 534 million in H1 2026,\ncompared with USD 566 million in H1 2025([1]). Operating profit increased to\nUSD 53 million from a loss of USD 21 million in the prior-year period,\nreflecting favorable market conditions in the beginning of the period, as more\nfully described below. Despite positive earnings during the first half of\n2026, OCI Nitrogen reported negative free cash flow of USD 2 million. More\nrecently, OCI Nitrogen has experienced increased margin pressure as higher\nEuropean TTF gas prices have coincided with declining product selling prices\nand weaker demand in certain end markets. As a result, operating performance\nin July and August 2026 deteriorated materially relative to the levels\nachieved in H1 2026. Management estimates adjusted EBITDA and free cash flow\nfor July and August 2026 of approximately USD 8 million and negative USD 16\nmillion, respectively. Management's outlook for the remainder of 2026 reflects\na continuation of these less favourable market conditions.\n\n\n* OCI Nitrogen reported a net loss attributable to shareholders of USD 175\nmillion in H1 2026, compared with a net loss of USD 12 million in H1 2025.\n\n\n* Prior to its classification as held for sale on 1 June 2026, OCI Nitrogen\nrecognised a non-cash impairment charge of USD 215 million, which resulted in\na June 30 carrying value of USD 123 million after management concluded that\nthe carrying amount of the business exceeded its fair value less costs of\ndisposal. The assessment reflected the impact of sustained geopolitical\ntensions, including elevated European natural gas prices, volatility in\nnitrogen markets and significant disruption at major on-site customers, which\nreduced customer operating rates and ammonia offtake.\n\n\n* Total corporate costs within Corporate Entities were USD 58 million in H1\n2026, compared with USD 69 million in H1 2025. A substantial portion of H1\n2026 costs related to strategic transactions, legal and advisory expenses,\nEnterprise Chamber proceedings and other costs associated with the Company's\nongoing transformation.\nNet Cash Highlights\n* As of 30 June 2026, held-for-sale net cash was USD 1.05 billion. This\ncompares with a net cash position of USD 695 million on 31 March 2026 and net\ndebt of USD 54 million on 31 December 2025. The increase during H1 2026\nprimarily reflects receipts relating to the handover of Beaumont New Ammonia,\nnet proceeds from the OCI AH disposal and the sale of Methanex shares. This\nwas partially offset by corporate cash outflows, including one-off items, and\na net cash outflow at OCI Nitrogen.\nKey Strategic and Business Highlights\n\nProposed Combination with Orascom Construction and NNS Cash Offer\n* OCI continues to progress its proposed combination with Orascom\nConstruction, announced on 9 December 2025 (the \"Combination\"). The\nCombination would establish an Abu Dhabi-anchored infrastructure and\ninvestment platform, combining OC's construction and concessions expertise\nwith OCI's capital base and investment experience.\n\n\n* On 14 September 2026, NNS Holding (Cyprus) Limited (\"NNS\") published its\nAFM-approved offer memorandum for its voluntary all-cash public offer to\nacquire OCI shares at EUR 4.10 per share, cum dividend (the \"Offer\"). The\nacceptance period opened at 09:00 CEST on 15 September 2026 and remains open,\nwith a scheduled closing deadline of 17:40 CET on 17 November 2026, unless\nextended. The Offer has no minimum acceptance threshold and is subject to the\nterms and conditions set out in the Offer Memorandum.\n\n\n* OCI published its position statement on 15 September 2026, setting out the\ndirectors' respective assessments of the Offer. The Independent Directors([2])\nunanimously recommend the Offer, on its terms and subject to its conditions,\nand continue to recommend the Combination. Their assessment was informed by\nindependent advice, including Alvarez & Marsal's solvent wind-down analysis\nand Rothschild & Co's fairness opinion. They consider the Offer financially\nmore attractive than a solvent wind-down but do not express a preference\nbetween tendering shares into the Offer and participating in the Combination.\nShareholders are encouraged to make their own assessment, taking into account\ntheir individual circumstances and investment objectives.\n\n\n* The directors appointed by the Enterprise Chamber (the \"EC Directors\")\nsupport the availability of the Offer as a cash alternative for shareholders,\nwhile maintaining a neutral opinion on the offer price. Their support does not\nconstitute a recommendation to shareholders to tender their shares. Having\nassessed the Combination in conjunction with the Offer, the EC Directors\nconsider that the two propositions together give adequate and reasonable\nweight to the interests of OCI's minority shareholders. Their assessment was\nsupported by separate financial and legal advice, including AXECO's fairness\nopinion.\n\n\n* With the consent of the EC Directors, OCI has convened an extraordinary\ngeneral meeting for 30 October 2026 (the \"EGM\") to discuss the Offer and vote\non the resolutions relating to the Combination. The resolutions relating to\nthe Combination are subject to the conditions described in the EGM\ndocumentation, including conditions relating to the Offer. Further details are\nprovided in the EGM agenda, explanatory notes and OCI's position statement.\n\n\n* Following the hearing on 20 August 2026 in the proceedings initiated by VEB\nand certain other shareholders, OCI is awaiting the Enterprise Chamber's\ndecision, which is expected by 7 October 2026. These shareholders did not seek\ninterim measures aimed at postponing, prohibiting or otherwise preventing\ncompletion of the Combination.\n\n\n* Completion of the Combination is currently expected in Q4 2026, subject to\nshareholder approval and satisfaction of applicable transaction conditions.\nOCI Nitrogen\n* On 1 June 2026, OCI entered into an agreement with AGROFERT pursuant to\nwhich AGROFERT will acquire an initial 50% interest in Nitrogen Intermediate\nHolding B.V., the parent company of OCI Nitrogen B.V (\"OCI Nitrogen\").\nCompletion of the initial transaction is expected by H2 2027, subject to\nregulatory approvals, OCI shareholder approval and other customary closing\nconditions. The agreement also provides OCI with a put option and AGROFERT\nwith a call option over the remaining 50% interest in OCIN, exercisable from\ntwo years after completion of the initial transaction.\n\n\n* OCI Nitrogen was classified as held for sale as of 1 June 2026, and the\nresults of the European Nitrogen segment, including the Ammonia Distribution\nbusiness, are presented as discontinued operations in accordance with IFRS 5.\n\n\n* Nitrogen market fundamentals were generally supportive through April 2026,\nwhen pricing moderated from peak levels reached earlier in the year. Market\nconditions deteriorated following the escalation of geopolitical tensions in\nthe Middle East, which drove a significant increase in European natural gas\nprices without a corresponding increase in nitrogen product prices. As a\nresult, a substantial divergence emerged between gas input costs and selling\nprices for the remainder of the period. These market conditions have persisted\ninto Q3 2026. Average European natural gas prices in Q3 2026 to mid-September\nwere approximately 40% higher than in Q2 2026, while average ammonia and CAN\nprices were approximately 20% and 10% lower, respectively, and significantly\nbelow the peaks reached in April.\n\n\n* In response to the current margin environment, OCI Nitrogen has reduced\nproduction at certain facilities and curtailed ammonia production where\neconomics do not support full operating rates. Major on-site customers have\nalso operated at significantly reduced rates during the period, contributing\nto lower ammonia offtake, reduced asset utilisation and materially higher\nper-unit operating costs.\n\n\n* Conditions in the melamine market have been particularly challenging, with\nweakened demand, lower operating rates and continued pressure on\nprofitability. On this basis, OCI Nitrogen has prioritised production of\nhigher-return products, including UAN and AdBlue, and continues to assess\nalternative operating configurations for its melamine assets.\n\n\n* In addition to challenging market conditions, earnings were affected by\noperational disruptions at certain production facilities and major on-site\ncustomers during the period. OCI Nitrogen continues to operate in a highly\ncyclical and operationally leveraged environment, where relatively small\nchanges in natural gas costs, product pricing, plant reliability and customer\noperating rates can have a disproportionate impact on profitability, cash\ngeneration and valuation.\nBeaumont New Ammonia\n* On 25 March 2026, OCI completed the handover of Beaumont New Ammonia to\nWoodside and received the USD 470 million deferred consideration, representing\n20% of total transaction proceeds, less amounts withheld in respect of\noutstanding construction obligations, certain closing-related adjustments and\nremaining estimated close-out costs. OCI has since substantially completed the\nproject close-out process, including the settlement of all subcontractor\nclaims. OCI continues to estimate total project costs through completion at\napproximately USD 1.8 billion, consistent with Q4 2025. This total budget is\ninclusive of all close-out costs and the H2 2026 final settlement.\nOCI Ammonia Holding\n* On 31 March 2026, OCI completed the sale of its entire equity interest in\nOCI AH to AGROFERT, receiving initial cash proceeds of EUR 297 million (USD\n342 million). The transaction remains subject to customary post-closing\nadjustments, with completion of the settlement process expected in H2 2026.\nOCI does not currently expect those adjustments to have a material impact on\nfuture cash flows.\nMethanex Investment\n* During H1 2026, OCI fully monetized its holding of 9,944,308 Methanex\nshares through a series of block sales, generating total cash proceeds of\napproximately USD 543 million after customary fees and expenses. The shares\nrepresented approximately 12.9% of Methanex's outstanding share capital when\nreceived as consideration for the sale of OCI Methanol in June 2025. The net\nweighted average sale price was USD 54.56 per share, 21% above the reference\nshare price used in the OCI Methanol transaction announced in September 2024.\nFertiglobe Contingent Consideration and Liabilities\n* There have been no material developments that impact the Fertiglobe\ncontingent consideration. Accordingly, the provision remains unchanged from\nthe position reported in the audited 2025 annual accounts. The Board continues\nto believe that the provision of USD 361.6 million represents the best\nestimate of OCI's potential exposure.\nOther Information\n\nNotes\n\nThis report contains unaudited first half financial highlights of OCI N.V.\n(\"OCI Global\", \"OCI\", the \"Group\" or the \"Company\"), a public limited\nliability company incorporated under Dutch law, with its head office located\nat Honthorststraat 19, 1071 DC Amsterdam, the Netherlands.\n\nOCI Global is registered in the Dutch commercial register under No. 56821166\ndated 2 January 2013. The Group is primarily involved in the production of\nnitrogen-based fertilizers and industrial chemicals.\n\nAuditor\n\nThe information contained in this Results Report has not been audited. The\naccompanying Semi-Annual Condensed Consolidated Financial Statements have been\nreviewed, but not audited, by the Company's independent external auditor.\n\nMarket Abuse Regulation\n\nThis press release contains inside information as meant in clause 7(1) of the\nMarket Abuse Regulation.\n\nAbout OCI Global\n\nLearn more about OCI at www.oci-global.com. You can also follow OCI on\nLinkedIn. (https://www.linkedin.com/company/ociglobal/mycompany/)\n\nOCI stock symbols: OCI / OCI.NA / OCI.AS\n\n([1] )Financial performance for OCI Nitrogen in H1 2025 includes the results\nof OCI Ammonia Distribution B.V. prior to its carve-out in August 2025 and is\ntherefore not fully comparable to H1 2026. \n([2] )\"Independent Directors\" means OCI's directors other than Nassef\nSawiris, Nadia Sawiris and the directors appointed by the Enterprise Chamber,\nand includes the Company's executive director.\n\n \n\n(https://mmx.prnewswire.com/media/MS1997550/H1-2026-Results-Report.pdf?id=OA2973993&p=original)\n\nView original content to download\nmultimedia:https://www.prnewswire.co.uk/news-releases/oci-global-reports-h1-2026-results-302891693.html\n\n\n\nContact OCI Global Investor Relations, Sarah Rajani, CFA, Email: sarah.rajani@oci-global.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1872666/OCI-Global-Logo.jpg?id=OA2973682\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-28T16:09:41.450599281Z","server_sent_at_ms":1790611781450},"received_at":"2026-09-28T16:09:41.600Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}