Slide 1: 2026 Second Quarter Financial Results
2026 Second Quarter Financial Results Elad Aharonson | President and CEO August 5 , 2026
Slide 2: Important legal notes
Important legal notes Disclaimer and safe harbor for forward - looking statements This presentation contains statements that constitute “ forward - looking statements, ” many of which can be identified by the use of forward - looking words such as “ anticipate, ” “ believe, ” “ could, ” “ expect, ”
Slide 3: Overview | strong 2Q'26 results
3 Overview | strong 2 Q ’ 26 results ( 1 ) Adjusted net income, adjusted EBITDA, adjusted diluted EPS and free cash flow are non - GAAP financial measures; see reconciliat ion tables in appendix. Highlights vs. 2 Q ’ 25 • Sales up 17 % • Adjusted net income ( 1 ) up 35 % • Adjusted EBITDA ( 1 ) up 2
Slide 4: Strategic Principles Update
Strategic Principles Update Elad Aharonson President and CEO
Slide 5: November 2025 strategy review: principles guiding execution
• Maximize potash and phosphate • Maintain market leadership in bromine market • Portfolio optimization • Optimizing cost structure • Specialty Crop Nutrition • Specialty Food Solutions November 2025 strategy review Principles guiding execution Note: Specialty crop nutrition refers to the Growing So
Slide 6: Two growth engines
Two growth engines Specialty Food Solutions Specialty Crop Nutrition Targeting attractive end markets 6
Slide 7: Specialty crop nutrition
SPECIALTY CROP NUTRITION Adjusted EBITDA, US$M ~ $ 60 $ 213 MORE THAN EBITDA Growth SPECIALTY CROP NUTRITION Revenue, US$B ~$ 1 B $ 2 B+ MORE THAN Revenue Growth # 1 G lobal leader in specialty crop nutrition Significant growth in recent year s Specialty crop nutrition Note: Segm
Slide 8: Specialty food solutions
We are well - positioned to win Significant presence in key geographies Expertise in functional food solutions Strong and loyal customer base Food – grade R&D labs Where we play today phosphate - based solutions 1.5 % to 3 % growth Where we are going to play functional ingredients 5 % to 6 % growth
Slide 9: Turning strategy into results | new division structure
Strategic Rationale Key Changes Align organizational structure with strategy through end - market - oriented operating model Strengthen management focus on growth and sharpen strategic emphasis on food Improve visibility of growth engines and end market performance Turning strategy into results | ne
Slide 10: Division structure | shift from minerals to end-markets
Food Industrial Products Growing Solutions Specialty plant nutrition for agriculture, turf and ornamental markets Essential Minerals Agriculture Enhanced solutions for food and beverage, health, nutrition and wellness Nutrition Solutions Industrial Division structure | shift from minerals to end - m
Slide 11: New division structure financials
GROWING SOLUTIONS | FY ’ 25 US$M ESSENTIAL MINERALS | FY ’ 25 US$M New division structure Financials NUTRITION SOLUTIONS | FY ’ 25 US$M INDUSTRIAL PRODUCTS | FY ’ 25 US$M $ 1,860 Sales $ 358 EBITDA 19 % $ 3,046 Sales $ 882 EBITDA 29 % $ 2,063 Sales $ 213 EBITDA 10 % $ 753 Sales $ 127 EBITDA 17 % Not
Slide 12: Cost transformation program | Elevate
Leveraging AI to accelerate innovation, drive efficiency and improve decision making Realigning cost structure to build a lean and agile company poised for growth Initiated corporate - wide effort to increase efficiency and productivity Reduce cost base, support margin expansion, improve cash genera
Slide 13: Elevate cost transformation program: sources of savings
Sources of s avings Increase productivity Operational efficiency across sites and processes 50 % to 60 % Reduce external spend Procurement and third - party cost base 30 % to 40 % Optimize SG&A Leaner corporate and support functions 10 % to 20 % Estimated benefit to adjusted EBITDA US$M FY'27 Plan F
Slide 14: Second Quarter 2026 Overview
Second Quarter 2026 Overview Elad Aharonson President and CEO
Slide 15: Overview | strong 2Q'26 results
15 Overview | strong 2 Q ’ 26 results ( 1 ) Adjusted net income, adjusted EBITDA, adjusted diluted EPS and free cash flow are non - GAAP financial measures; see reconciliat ion tables in appendix. Highlights vs. 2 Q ’ 25 • Sales up 17 % • Adjusted net income ( 1 ) up 35 % • Adjusted EBITDA ( 1 ) up
Slide 16: Industrial Products
Industrial Products Key developments in 2 Q ’ 26 • Solid improvement in both sales and EBITDA • Bromine: reached peak prices in April • Flame retardants: strong overall sales growth for bromine - based solutions, with stable sales of phosphorous - based products • Clear brine fluids: business remain
Slide 17: Potash
EBITDA US$M $ 115 $ 154 2Q'25 2Q'26 17 Note: Segment EBITDA and margin are non - GAAP financial measures; please see appendix for additional details. Potash • Average potash CIF price per ton of $ 376 vs. $ 333 in 2 Q ’ 25 • Sales and EBITDA significantly up YoY • Production of 1.1 Mmt – ahead of 2
Slide 18: Phosphate Solutions
$ 134 $ 136 2Q'25 2Q'26 18 Phosphate Solutions Notes: Segment EBITDA and margin are non - GAAP financial measures; please see appendix for additional details. For 2 Q ’ 26 , Phosphate Specialties were $ 399 M of segment sales, $ 40 M of adjusted OI, $ 13 M of D&A and $ 53 M of EBITDA, while Phosphat
Slide 19: Growing Solutions
2Q'25 2Q'26 19 Growing Solutions • Sales growth across all regions, with higher prices and volumes • Lower EBITDA, primarily due to higher raw material costs and soft market conditions in Brazil • North America: continued challenging agriculture marketplace and economy, as competitive pressures rema
Slide 20: Second Quarter 2026 Financial Results
Second Quarter 2026 Financial Results Asaf Alperovitz CFO
Slide 21: Key indicators
Sources: Grain prices – CME, Grain Price Index – calculated as of 2 Q ’ 26 . Farmer sentiment – Purdue/CME Ag Economy Barometer, as of 7.7.26 . Potash (granular bulk FOB U.S. NOLA barge spot, US$/st), TSP (granular bulk CFR Brazil spot, US$/t), urea (granular bulk FOB Egypt spot, US$/t) and sulfur (
Slide 22: Sales bridge Second quarter | 2026
22 Sales bridge Second quarter | 2026 Notes: Numbers rounded to closest million; Other includes intercompany eliminations. SALES BY SEGMENT US$M SALES US$M $ 1,832 $ 2,135 $ 95 $ 85 $ 85 $ 65 $ 27 2Q'25 Industrial Products Potash Phosphate Solutions Growing Solutions Other 2Q'26 $ 1,832 $ 2,135 $ 50
Slide 23: Profit bridge Second quarter | 2026
23 Profit bridge Second quarter | 2026 Notes: Adjusted EBITDA is a non - GAAP financial measure; please see reconciliation tables in appendix. Numbers rounded to closest million; Other includes intercompany eliminations. ADJUSTED EBITDA BY SEGMENT ADJUSTED EBITDA $ 351 $ 448 $ 61 $ 39 $ 2 $ 6 $ 1 2Q
Slide 24: Financial highlights | 2Q'26
24 Financial highlights | 2 Q ’ 26 Notes: Available cash resources, as of 6.30.26 , and comprised of cash and deposits, unutilized revolving credit facility, and unutilized securitization. Net debt to adjusted EBITDA and FCF, as of 6.30.26 , are non - GAAP financial measures; see appendix for additi
Slide 25: Reiterating guidance | FY'26
As of 8.5.26 . ( 1 ) Adjusted EBITDA is a non - GAAP measure; please see appendix for additional details. The company provides guidance for consolida ted adjusted EBITDA and for its Potash segment, it provides sales volumes guidance. The company believes this information provides greater transparen
Slide 26: Thank you
Thank you Contact Peggy.ReillyTharp@icl - group.com for more information on ICL View our interactive data tool at: https://investors.icl - group.com/interactive - data - tool/default.aspx
Slide 27: Appendix Second Quarter 2026
Appendix Second Quarter 2026
Slide 28: Calculation of segment EBITDA | 2Q'26
2 Q ’ 25 2 Q ’ 26 Phosphate Solutions ( 1 ) US$M $ 637 $ 722 Segment sales $ 90 $ 80 Segment operating income 14 % 11 % Segment operating margin $ 44 $ 56 Depreciation and amortization $ 134 $ 136 Segment EBITDA 21 % 19 % Segment EBITDA margin Calculation of segment EBITDA | 2 Q ’ 26 2 Q ’ 25 2 Q ’
Slide 29: Segment results analysis | 2Q'26
Segment results analysis | 2 Q ’ 26 Growing Solutions Phosphate Solutions ( 1 ) Potash Industrial Products Segment Sales US$M $ 540 $ 637 $ 383 $ 319 2 Q ’ 25 $ 11 ($ 15 ) $ 36 $ 36 Quantity $ 27 $ 84 $ 47 $ 57 Price $ 27 $ 16 $ 2 $ 2 Exchange rates $ 605 $ 722 $ 468 $ 414 2 Q ’ 26 Growing Solutions
Slide 30: Reconciliation tables | 2Q'26
Reconciliation tables | 2 Q ’ 26 Calculation of adjustments 2 Q ’ 25 2 Q ’ 26 Adjusted EBITDA US$M $ 108 $ 152 Net income $ 13 $ 42 Financing expenses, net $ 60 $ 72 Taxes on income $ 181 $ 266 Operating income $ 150 $ 167 Depreciation and amortization $ 20 $ 15 Adjustments ( 1 ) $ 351 $ 448 Adjuste
Slide 31: New division structure financials (pro forma)
31 1 Q' 25 2 Q' 25 FY ’ 25 1 Q' 26 2 Q' 26 US$M 492 468 1,860 521 600 Industrial Products Sales 734 747 3,046 911 918 Essential Minerals 184 194 753 203 222 Nutrition Solutions 495 540 2,063 551 605 Growing Solutions - 138 - 117 - 569 - 163 - 210 Other and setoffs 1,767 1,832 7,153 2,023 2,135 Total
Slide 32: Guidance and non-GAAP financial measures
Guidance and non - GAAP financial measures Guidance: The company only provides guidance on a non - GAAP basis. The company does not provide a reconciliation of forward - looking adjuste d EBITDA (non - GAAP) to GAAP net income (loss), due to the inherent difficulty in forecasting, and quantifying ce