K+s Ag · XETR:SDF
K+s — K+S Aktiengesellschaft — Q4 2025 Earnings Presentation
11 slides from K+s's earnings presentation, Mar 13, 2026
Slide 1: FY/2025 Results
March 12, 2026 FY/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 Q4/25
Highlights Q4/25 Highlights Financials € million Q4/24 Q4/25 % ▪ Q4/25 EBITDA at €192 million (Q4/24: €164 million) ▪ Agriculture sales volumes (excl. trade goods) at 1.87 million tonnes Revenues 925 933 +0.9 (Q4/24: 1.96 million tonnes); ASP (excl. trade goods) at 328 €/t t/o Agriculture 649 650 +0
Slide 5: ASP development in Agriculture customer segment
ASP development in Agriculture customer segment Q1/24 Q2/24 Q3/24 Q4/24 2024 Q1/25 Q2/25 Q3/25 Q4/25 2025 Revenues € million 679.9 615.9 605.8 648.5 2,550.1 664.8 617.5 615.3 649,8 2,547.7 (mainly specialties, thereof trade goods overseas) 19.5 56.3 49.3 33.4 158.4 24.7 32.0 27.9 35.7 120.5 Europe €
Slide 6: Outlook
Outlook
Slide 7: Market outlook Agriculture
Market outlook Agriculture Potash demand growing furhter ▪ Global potash demand is expected to increase further, driven by ongoing demand in Brazil, India and South East Asia, following full capacity utilization in 2025. ▪ Towards the end of the year, the early conclusion of the China contract for 2
Slide 8: Market update de-icing salt
Market update de-icing salt Strong de-icing salt business ▪ We experienced exceptional winter weather in January and February of this year throughout Germany and large parts of Europe. ▪ This has resulted in a significant upturn in our de-icing salt business. ▪ We, therefore, expect significantly st
Slide 9: Guidance 2026
Guidance 2026* Guidance: Midpoint moderately above 2025 EBITDA EBITDA (in € million) ▪ EBITDA is expected to range between €600 million and €700 million. 2,423 ▪ Higher end: A further recovery in potassium chloride prices in Brazil during the spring season compared to the level reached in mid-Februa
Slide 10: Housekeeping items / Financial calendar
Housekeeping items / Financial calendar Additional information on 2026 FY outlook – continuing operations ▪ Tax rate: 30% ▪ Cash interest: ~ €-20 million ▪ CapEx: €550 million - €600 million (2025: €546 million) ▪ D&A: ~ €420 million (2025: €458 million) Financial calendar Quiet period prior to the
Slide 11: 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
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