Mosaic Revises Guidance

The Mosaic Company (NYSE:MOS) today announced it revised its second quarter and 2025 outlook.

Phosphate and Potash Pricing Outlook

Phosphate price guidance moves higher: DAP prices on an FOB basis are expected to be in the $650 to $670 per tonne range in the second quarter, revised up from $635-$655 in the previous guidance, reflecting strong market conditions.

Potash prices are expected to be stable: Mine-gate MOP prices are expected to be in the range of $230 to $250 per tonne in the second quarter, unchanged from the previous guidance.

Phosphate and Potash Operations Outlook

Phosphate sales volumes for the second quarter of 2025 are expected to be 1.5-1.6 million tonnes, revised down from 1.7-1.9 million tonnes. 2025 full year production volume is now expected to be 7.0-7.3 million tonnes, revised down from 7.2-7.6 million tonnes.

Mosaic Company 's Bartow phosphate facility is operating at its target rate and is expected to produce over 500,000 tonnes in the second quarter. This rate is commensurate with an annual production level above 2 million tonnes.

The New Wales phosphate facility's production level is expected to increase over 20% in the second quarter from the first quarter. Despite this increase, commissioning and ramp up of the first of three new gypsum handling systems took longer than expected. Mosaic Company expects the second and third systems to be installed and commissioned by the end of June and early July, driving annual operating run rates to 3 million tonnes at New Wales. (Gypsum handling systems have been a bottleneck at New Wales preventing phosphoric acid plants from reaching full operating rates.)

At the company's Riverview facility, Mosaic Company extended planned downtimes to eliminate bottlenecks, causing production to miss initial expectations. In the third quarter, Riverview is expected to achieve a run rate corresponding to annual production of 1.6 million tonnes.

At Mosaic Company 's Louisiana facilities, during normal turnaround activity, the team discovered additional necessary repairs, resulting in extended outage periods and some lost production. In the third quarter, Louisiana is expected to perform at its target annual run rate of 1.4 million tonnes.

Mosaic Company has experienced improved production rates in the areas where work has been concluded at all phosphate facilities. As the remaining maintenance and reliability enhancement work will be completed in June and early July, Mosaic Company is increasingly confident in its production plans for the second half of the year and continues to expect operating rates to achieve the 8 million tonne target run rate across the full portfolio of U.S. phosphate assets.

In potash, second quarter sales volumes are expected to be 2.3-2.5 million tonnes, unchanged from the previous guidance. Full year 2025 production volumes guidance remains unchanged at 9.0-9.4 million tonnes.

Mosaic Company Fertilizantes Outlook

The outlook for Mosaic Company Fertilizantes remains solid, and second quarter performance is expected to be significantly better than the first quarter on rising prices, seasonally stronger distribution margins, continued operating efficiency gains, and foreign exchange tailwinds.

About The Mosaic Company

The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Through its Mosaic Company Biosciences platform, the company is also advancing the next generation biological solutions to help farmers improve nutrient use efficiency and crop performance sustainably. Mosaic Company provides a single-source supply of phosphate, potash, and biological products for the global agriculture industry. More information on the company is available at www.mosaicco.com.

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This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about future transactions or strategic plans and other statements about future financial and operating results. Such statements are based upon the current beliefs and expectations of The Mosaic Company 's management and are subject to significant risks and uncertainties. These risks and uncertainties include, but are not limited to: political and economic instability and changes in government policies in countries in which we have operations; the predictability and volatility of, and customer expectations about, agriculture, fertilizer, raw material, energy and transportation markets that are subject to competitive and other pressures and economic and credit market conditions; the level of inventories in the distribution channels for crop nutrients; the effect of future product innovations or development of new technologies on demand for our products; changes in foreign currency and exchange rates; international trade risks, including the impact of U.S. tariffs and retaliatory tariffs on economic conditions; and other risks associated with Mosaic Company 's international operations; a material adverse change in our Ma'aden investment with respect to the financial position, performance, operations or prospects of Ma'aden; customer defaults; the effects of Mosaic Company 's decisions to exit business operations or locations; changes in government policy; changes in environmental and other governmental regulation, including expansion of the types and extent of water resources regulated under federal law, carbon taxes or other greenhouse gas regulation, implementation of numeric water quality standards for the discharge of nutrients into Florida waterways or efforts to reduce the flow of excess nutrients into the Mississippi River basin, the Gulf of America or elsewhere; further developments in judicial or administrative proceedings, or complaints that Mosaic Company 's operations are adversely impacting nearby farms, business operations or properties; difficulties or delays in receiving, increased costs of or challenges to necessary governmental permits or approvals or increased financial assurance requirements; resolution of global tax audit activity; the effectiveness of Mosaic Company 's processes for managing its strategic priorities; adverse weather conditions affecting operations in Central Florida, the Mississippi River basin, the Gulf Coast of the United States, Canada or Brazil, and including potential hurricanes, excess heat, cold, snow, rainfall or drought; actual costs of various items differing from management's current estimates, including, among others, asset retirement, environmental remediation, reclamation or other environmental regulation, Canadian resources taxes and royalties, reduction of Mosaic Company 's available cash and liquidity, and increased leverage, due to its use of cash and/or available debt capacity to fund financial assurance requirements and strategic investments; brine inflows at Mosaic Company 's potash mines; other accidents and disruptions involving Mosaic Company 's operations, including plant outages and down time, potential mine fires, floods, explosions, seismic events, sinkholes or releases of hazardous or volatile chemicals; and risks associated with cyber security, including reputational loss; as well as other risks and uncertainties reported from time to time in The Mosaic Company 's reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements.

SOURCE: The Mosaic Company