Yara International Asa (YRAIF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to Yara's third quarter results 2025 conference call. Please note that this call is being recorded. If you'd like to ask a question, please press star followed by one on your telephone keypad. Thank you. I'd now like to hand the call over to Maria Gabrielson, head of investor relations. You may now go ahead, please. Thank you, and a big welcome to everyone from me as well. I'm here in the room together with a representative from Europe's management. We have our CEO, Svein Tore Morsetter, our CFO, Magnus Krogh-Ankerström, and the head of market intelligence, Dag Tore Morsetter. We're not planning to give a presentation, so we hope you all just watched our webcast. So we will dive straight into questions. So if operator, you could open the first slide. That would be great. Thank you. Your first question comes from the line of Christian Feitz of Capilar Charveaux. Your line is now open. Yes, thanks for taking my two questions. Good afternoon, everyone. First of all, can you talk about the current demand conditions in Brazil? I noted that you talked about improved NPK sales in Q3 there. Is that also a trend we should expect to see in Q4? And my second question would be, how long will the plane maintenance last and which quarters in 2026 according to your current schedule are affected? Thanks very much. On the Brazil market in general, we feel that it's relatively stable this year compared to last year, particularly on the nitrogen side. There is a stable import of nitrogen in total with a little bit of a switch towards ammonium sulfate because of the increased availability of ammonium sulfate from China. So urea imports is a little bit down, but the total nitrogen is stable, and I think that It's not very different elsewhere. I don't know exa...