K+s Ag · XETR:SDF
K+s — K+S Aktiengesellschaft — Q3 2025 Earnings Presentation
10 slides from K+s's earnings presentation, Nov 11, 2025
Slide 1: Q3/2025 Results
November 11, 2025 Q3/2025 Results Dr. Christian H. Meyer Dr. Jens Christian Keuthen CEO CFO
Slide 2: Disclaimer
Disclaimer No reliance may be placed for any purpose whatsoever on the information or opinions contained in the Presentation or on its completeness, accuracy of fairness. No representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its respective direc
Slide 3: Agriculture customer segment – ASP
Agriculture customer segment – ASP The mineralogical composition of the Werra plant is unparalleled anywhere in the world ▪ Crude salt contains not only potassium but also magnesium sulfate ▪ Werra 2060 Project: The focus is on expanding and strengthening the specialties Average selling prices MOP a
Slide 4: Highlights Q3/25
Highlights Q3/25 Highlights Financials € million Q3/24 Q3/25 % ▪ Q3/25 EBITDA at €111 mln (Q3/24: €66 mln) ▪ Agriculture sales volume (excl. trade goods) at 1.74 mln t (Q3/24: Revenues 866 879 +1.5 1.80 mln t); ASP (excl. trade goods) at 336 €/t t/o Agriculture 606 615 +1.6 ▪ Q3/25 adj. FCF at €37 m
Slide 5: ASP development in Agriculture customer segment
ASP development in Agriculture customer segment 2023 Q1/24 Q2/24 Q3/24 Q4/24 2024 Q1/25 Q2/25 Q3/25 Revenues € million 2,721.3 679.9 615.9 605.8 648.5 2,550.1 664.8 617.5 615.3 (mainly specialties, thereof trade goods Overseas) 67.0 19.5 56.3 49.3 33.4 158.4 24.7 32.0 27.9 Europe € million 1,202.9 3
Slide 6: Outlook
Outlook
Slide 7: Market outlook
Market outlook Key message ▪ Global potash demand is expected to remain strong, driven by ongoing demand in Brazil, South East Asia, and Western Europe. ▪ In June 2025, China agreed to a contract price of USD 346/t for standard potassium chloride, while the Indian contract was slightly higher at USD
Slide 8: Guidance 2025
Guidance 2025* Guidance slightly specified 2.423 2,423 ▪ EBITDA now expected to range between €570 and 630 mln with the midpoint remaining unchanged. ▪ Midpoint: stable prices on average compared to current levels for rest of the year → FY ASP on level of H1/25 (330 €/t); Agriculture sales volumes (
Slide 9: Housekeeping items / Financial calendar
Housekeeping items / Financial calendar Additional information on 2025 FY outlook – continuing operations ▪ Tax rate: 30% ▪ CapEx: €550 mln (2024: €531 mln) ▪ Cash interest: less than €-20 mln ▪ D&A: ~ €430 mln (2024: €560 mln) Financial calendar Münchner Kapitalmarktkonferenz, München – IR Nov 13,
Slide 10: Investor Relations @ K+S Aktiengesellschaft
Investor Relations @ K+S Aktiengesellschaft Julia Bock, CFA Head of Investor Relations & Corporate Secretary Phone: + 49 561 / 9301-1009 Fax: + 49 561 / 9301-2425 julia.bock@k-plus-s.com Esther Beuermann, MBA Senior Investor Relations Manager, ESG Expert Phone: + 49 561 / 9301-1679 Fax: + 49 561 / 9
K+S Aktiengesellschaft — Q3 2025 Earnings Presentation on 6ix