Overview

* Itafos Q2 2025 revenue rises to $126.8 mln from $105.1 mln last year

* Adjusted EBITDA declines to $31.8 mln due to higher input costs

* Net income increases to $24.8 mln, aided by investment gains

Outlook

* Itafos ( ITFS ) expects phosphate prices to remain strong in 2H 2025

* Company maintains FY 2025 guidance for sales volumes at 340-360k tonnes

* Itafos ( ITFS ) projects FY 2025 growth capex to be $63-83 mln

* Company anticipates limited US phosphate imports due to tariffs

Result Drivers

* PRODUCTION INCREASE - Higher production volumes at Conda and Arraias, with Conda back to full capacity post-turnaround and Arraias restarting granulation circuit

* INPUT COSTS - Increased sulfur and sulfuric acid costs at Conda impacted operating margins, despite higher revenues

* PHOSPHATE PRICES - Significant increase in phosphate prices, but full benefits deferred to H2 due to MAP offtake contract structure

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $126.80

Revenue mln

Q2 Net $24.80

Income mln

Q2 $31.80

Adjusted mln

EBITDA

Q2 Capex $28.80

mln

Analyst Coverage

* The one available analyst rating on the shares is "strong buy"

* The average consensus recommendation for the agricultural chemicals peer group is "buy."

* Wall Street's median 12-month price target for Itafos Inc ( ITFS ) is C$4.25, about 30.6% above its August 5 closing price of C$2.95

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)