SABIC AN sees balanced market in Q4 2025

Logo of SABIC Agri-Nutrients Co. (SABIC AN)

SABIC Agri-Nutrients Co. (SABIC AN) expects the global fertilizer market to remain broadly balanced in the fourth quarter of 2025, supported by steady demand from several countries and stable production levels.

In its Q3 2025 earnings report, the company said India and Ethiopia are likely to continue purchasing urea cargoes through year-end, while Chinese exports remain limited as domestic needs take priority during planting season.

SABIC AN reported strong fertilizer demand in the third quarter, supported by consecutive government tenders in India and Ethiopia, which boosted urea exports despite lower grain prices and higher interest rates weighing on farm profitability.

Production outages and scheduled maintenance in North America and Southeast Asia tightened supply and pushed prices higher. However, the gradual return of Chinese urea exports after easing export restrictions helped restore balance between supply and demand by quarter-end.

SABIC AN posted a net profit of SAR 3.33 billion for the first nine months of 2025, up from SAR 2.37 billion a year earlier, with third-quarter earnings rising 56% year-on-year (YoY) to SAR 1.29 billion, according to Argaam’s data.