{"id":697340,"date":"2026-04-30T00:00:00","date_gmt":"2026-04-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=697340"},"modified":"2026-04-30T02:39:59","modified_gmt":"2026-04-30T02:39:59","slug":"fertiglobe-sodic-report-1q-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/30\/fertiglobe-sodic-report-1q-earnings\/","title":{"rendered":"Fertiglobe, Sodic report 1Q earnings"},"content":{"rendered":"

UAE-based Fertiglobe\u2019s bottom line nearly doubled in 1Q <\/strong>2026<\/strong> and Egyptian operations <\/strong>ran at <\/strong>full throttle.<\/strong> Fertiglobe\u2019s net income rose 98% y-o-y to USD 145 mn during the quarter, according to its earnings release (pdf)<\/a>. Revenues came in at USD 915 mn, up 32% y-o-y.<\/p>\n

Egyptian units were the star of the show<\/strong>, with local operations turning in their best-ever performance with zero downtime across units. Operating rates at the EFC exceeded 105%, while urea utilization across the entire platform hit 96%, up from 87% in 1Q 2025, CEO Ahmed El-Hoshy said.<\/p>\n

BACKGROUND- <\/strong>The blockade of the Strait of Hormuz is causing a global fertilizer crisis and<\/a>threatening food security<\/a>, putting pressure on supply chains and prices. Egypt is at a crossroads as both a natural gas producer and a major fertilizer exporter. The Madbouly government recently lined up USD 740 mn worth of investment<\/a> from Singapore-based Indorama and local player Polyserve, both of which are investing in production capacity in the Sokhna Industrial Zone. <\/p>\n

MEANWHILE- Our friends at real estate giant Sodic reported <\/strong>net income of nearly EGP 280 mn (-45.8% y-o-y) on revenues of EGP 1.86 bn (+30%), according to the company\u2019s 1Q 2026 financial statements (pdf)<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Fertiglobe\u2019s bottom line nearly doubled in 1Q 2026, with Egyptian operations the star of the show<\/p>\n","protected":false},"author":1,"featured_media":697341,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[409,72,1585,312],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-697340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam","tag-fertiglobe","tag-sodic","wpautop","entry"],"acf":{"mongo_id":"c8aca56c-1996-49ec-924c-31064ee4601f","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/795.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fertiglobe, Sodic report 1Q earnings","related_issue":[697325],"teaser":"Fertiglobe\u2019s bottom line nearly doubled in 1Q 2026, with Egyptian operations the star of the show"},"yoast_head":"\nFertiglobe, Sodic report 1Q earnings - 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