Yahoo Finance

• Total Revenue: $4.1 billion from total operations, including both continuing and discontinued operations.

• Adjusted EBITDA: $826 million for the full year.

• Net Profit: $5 billion attributable to shareholders, reflecting a substantial gain on sale of subsidiaries.

• Continuing Operations Revenue: $975 million for the full year.

• Adjusted EBITDA Loss (Continuing Operations): $32 million for the full year.

• European Nitrogen Segment EBITDA: $55 million for the full year; $7 million in the second half of 2024.

• Methanol Business EBITDA: Increased from $39 million in H2 2023 to $91 million in H2 2024.

• Net Cash Position: $1.4 billion as of the end of 2024, from a net debt position of $2.2 billion as of June 30, 2024.

• Debt Repayment: $1.8 billion repaid in the second half of the year.

• Capital Returned to Shareholders: Approximately $3.3 billion through capital repayment and cash dividends.

• Gross Cash Position: $2.1 billion as of the end of 2024.

• Warning! GuruFocus has detected 5 Warning Signs with OCINF.

Release Date: March 14, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• OCI NV (OCINF) reported a substantial gain on the sale of subsidiaries, contributing to a net profit attributable to shareholders of $5 billion.

• The company achieved $15 million in energy efficiencies in 2024, strengthening its cost position in Europe.

• OCI NV (OCINF) has significantly reduced its corporate headcount by 70% compared to its peak in 2023, aiming for a more sustainable footprint.

• The company expects to benefit from lower gas prices and improved fertilizer pricing due to evolving regulatory frameworks in Europe.

• OCI NV (OCINF) has successfully resolved a dispute with its joint venture partner, Proman, regarding the Natgasoline assets, securing its interest in the joint venture.

Negative Points

• OCI NV (OCINF) reported an adjusted EBITDA loss of $32 million from continuing operations, primarily due to lower nitrate prices and higher gas prices.

• The company faced increased corporate costs due to a stop in corporate recharges for divested businesses and a lag in cost savings.

• OCI NV (OCINF) has ongoing financial obligations related to the completion of the Clean Ammonia project, with $470 million of the purchase price consideration still outstanding.

• The company is dealing with contingent liabilities related to the Fertiglobe transaction, with $362 million held in escrow.

• OCI NV (OCINF) has not provided specific guidance on the total quantum of transaction-related costs and restructuring expenses.