Mosaic Company Reports $3.01 Billion in Net Sales and $410.7 Million Net Income for Latest Quarter

The Mosaic Company reported a significant financial turnaround in its latest quarterly results, with net sales reaching $3.01 billion for the three months ended June 30, 2025, a 7% increase from $2.82 billion in the same period last year. The company achieved a net income of $410.7 million, or $1.29 per diluted share, compared to a net loss of $161.5 million, or $(0.50) per diluted share, in the prior year. This improvement was largely driven by higher average selling prices across all segments and a substantial foreign currency transaction gain of $169.4 million, contrasting with a loss of $267.9 million in the previous year.

In terms of operational performance, Mosaic's gross margin increased by 32% to $518.6 million, up from $394 million a year earlier. The gross margin percentage also improved to 17% from 14%. However, selling, general, and administrative expenses rose by 30% to $167.2 million, reflecting increased bad debt reserves and higher incentive compensation. Other operating expenses surged to $107 million, primarily due to higher provisions for asset retirement obligations and environmental reserves.

Mosaic's strategic developments included the opening of a new blending facility in Palmeirante, Brazil, which is expected to enhance production capacity significantly. The company reported a 12% increase in net sales for its Mosaic Fertilizantes segment, driven by higher selling prices and production efficiency gains. The Potash segment also saw a 7% increase in net sales, attributed to improved average selling prices despite a slight decline in sales volumes.

The company’s balance sheet showed total assets of $24.3 billion as of June 30, 2025, up from $22.9 billion at the end of 2024. Cash and cash equivalents increased to $286.2 million, while short-term debt rose to $1.04 billion. Mosaic's equity also improved, reaching $12.6 billion, reflecting a strong recovery in profitability. Looking ahead, the company remains focused on maintaining its investment-grade credit metrics and plans to continue investing in growth opportunities while returning excess cash to shareholders through dividends.