Yara International, headquartered in Oslo, reported stronger-than-expected results for the first quarter, benefiting from supply disruptions in the Strait of Hormuz amid tensions involving Iran.
The company posted adjusted EBITDA of $896 million, representing a 40% year-on-year increase and surpassing analysts’ estimates of $807 million. The earnings boost was largely driven by tighter fertilizer supply and higher prices following shipping constraints in the region.
Yara also recorded a 17% rise in revenue during the quarter, reflecting strong market demand and improved pricing conditions.