Yara is a purpose-driven company with a mission to responsibly feed the world and protect the planet, and a vision of a collaborative society, a world without hunger and a planet respected. Guided by this mission and vision, our strategy focuses on improving our competitive edges, strengthening earnings resilience, and growing sustainable returns.

Our business environment is shaped by increasing geopolitical volatility and trade fragmentation, underscoring the importance of resilience. Our exposure in Europe is impacted by volatile energy pricing, however Yara mitigates this by replacing ammonia production with imports from overseas ammonia plants if necessary. Increasing our exposure to other energy markets is therefore a key priority.

Long-term global trends remain unchanged: the world must feed a growing population while sharply reducing emissions. These forces are influencing markets and regulatory frameworks as policymakers navigate shifting and often competing priorities. The drive to mitigate climate change continues, although progress has been slower than anticipated and economically viable decarbonization still depends on consistent and predictable regulatory support. Despite ongoing uncertainty and market disruptions, fertilizer demand remains structurally supported by population growth and the global need for food security. This also necessitates more efficient land use, reduced water consumption, and reduced environmental impact from agriculture – which is a strong fit with Yara’s premium products and solutions for nutrient use efficiency. Altogether, this landscape presents both challenges and opportunities for Yara
– from diversifying our energy sources to structurally enhance profitability, to expanding our portfolio of premium and low-carbon crop nutrition solutions backed by emerging customer demand and evolving policy frameworks.

In this context, our strategy is designed to respond to global trends while leveraging the strengths of our business model. We are sharpening our strategic focus and directing resources toward the areas where Yara is best positioned to lead. This approach reinforces our ability to deliver long-term shareholder value, advance our mission and build resilience in an increasingly volatile world.

We will strengthen performance and competitiveness across all our operations. By leveraging our global scale, improving asset utilization, and advancing operational excellence, we will enhance profitability and logistical efficiency. We will focus on our core operations and maximize capital productivity by reallocating resources toward priority plants. In parallel, we will pursue opportunities to diversify our energy position, reduce raw material cost, and advance decarbonization where financially viable. The flexibility of our nitrate assets and ammonia import system will be critical enablers of this effort. Concretely, we are targeting underlying EBITDA improvements of USD 200 million by the end of 2027 and USD 350 million by the end of 2030.

We will grow from our core, by building on our established strengths and maintaining strict capital discipline. Our priority is to increase value from our existing portfolio and asset base by differentiating through our premium nitrate and NPK products, Yara Climate Choice low-carbon fertilizers, biologicals, and our digital and agronomic solutions – all leveraging our global market presence and knowledge margin. At the same time, we will maximize returns from committed and prioritized growth projects, including the Sluiskil CCS investment and the expansion of our biologicals production capacity. These initiatives reinforce value creation from the core of our business model, and support sustainable, profitable growth based on our competitive edges.