Nov 4 (Reuters) - Fertilizer manufacturer Mosaic
beat third-quarter profit expectations on strong potash demand
and pricing, and shares rose about 5% in after-hours trading.
A robust planting season and healthy crop conditions across
much of North America drove farmers to use more fertilizer,
lifting profits for producers including Mosaic.
Potash segment net sales rose 32.1% to $695 million from
a year earlier, while phosphate sales increased 30% to $1.3
billion.
Mosaic Fertilizantes posted net sales of $1.6 billion in
the third quarter of 2025, up from $1.4 billion in the
comparable period of 2024.
The company said fertilizer markets remain balanced to
tight, supporting pricing, and it expects Canpotex to set a
shipment record this year on strong demand in its geographies.
Selling, general and administrative (SG&A) expense fell
about 15% to $126 million from a year earlier.
Mosaic forecast full-year potash production of 9.1 million
to 9.4 million tonnes, noting that North American demand could
see seasonal deferrals amid trade uncertainty, and projected
phosphate production of 6.3 million to 6.5 million tonnes.
The Tampa, Florida-based company reported adjusted earnings
of $1.04 per share for the quarter ended September 30, ahead of
analysts' average estimate of 99 cents per share, according to
data compiled by LSEG.