Yara International Asa (YRAIF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Jara's Fourth Quarter Results presentation. Today's presentation will be held by our CEO, Svein-Tore Holsetter, and our CFO, Magnus Krogh Arnparstad. After the presentation, at 1 p.m. Oslo time, there'll be a conference call where you can dial in and ask questions. You can find logon details on our webpage under Investors. And with that, it's my pleasure to hand over to our CEO, Svein-Tore Holsetter. Thank you, Maria. Good morning, good afternoon, and good evening. And thank you for joining our fourth quarter earnings presentation. As always, I'm starting with our safety performance. Our license to operate is based on us creating a safe working environment for all our employees and contractors. Our 2025 performance has not been at the level that we want to be at. Our TRI rate increased from 0.9 at the end of fourth quarter 2024 to 1.2 at the end of 2025. As I talked about in our third quarter presentation and at our capital markets day, we experienced a tragic accident in Rio Grande leading to the death of one of our employees. This happened in August of last year. We are doing our utmost to prevent this or any serious accident from happening again. A few plants represent a large share of the accidents, meaning that a large share of our plants are still delivering strong performances on safety. We're strengthening our safety program in order to get back on track as we're not satisfied with our current performance. And last week, we conducted a safety stand down at all our plants worldwide, as we've seen concerning development in accidents also continuing into January of this year. It is my responsibility to ensure that we offer a safe place to work. Any accident, big or small, is avoidable, and our long-term ambition remains zero accidents. Looking at the ...