Yara International Asa (YRAIF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Jara's second quarter results presentation. The presentation today will be held by our CEO Svein Tore Holsether and CFO Magnus Krogh Ankarstrand. I would like to remind you that once the presentation is done, we will move straight into the Q&A session. I will come back with instructions on how to ask questions in the Q&A. But first, let's start the presentation. It's my pleasure to hand over to our CEO Svein Tore Holsether. Thank you Maria and good morning, good afternoon and thank you for diving into our second quarter earnings call. As always I will start with our safety performance and in first quarter we reported an increase in accidents and this is also reflected in our second quarter numbers and this is something that I take very seriously and We've been working diligently across the entire organization to continue emphasizing the importance of our safety culture. And we had our annual safety day on April 28, which engaged colleagues across the world to increase the awareness and the commitment to the safe by choice approach. because we know how to improve safety and I am pleased to see that we have seen improving numbers towards the end of the quarter and hope that we're able to continue to turn the negative trend that we've seen in the recent year. This is our license to operate. Every accident is avoidable and we will bring are TRI down to zero. Let's then look at the key elements for the quarter. We report an EBITDA excluding special items of $906 million. That is an increase of 39% from last year, driven by increased margins. In addition, we did sell parts of our surplus EUA quotas with a gain of $153 million, and that is a special item to our EBITDA. This is the highest quarterly EBITDA in the last decade except for 2022. Return on in...