MOS · 8-K · 20260804PR000109

Notable Items and Net Loss

MOSAIC CO · 2026-08-04 · Importance 77 · Surprise 82 · Contradicted

Q2 2026 included $351 million of pretax notable items that reduced earnings per share by $0.99 and contributed to a $273 million net loss versus $411 million of net income in Q2 2025. The largest items were a $162 million mark-to-market loss on Mosaic’s Ma’aden shares, a $69 million non-cash project write-off, and a $49 million foreign-currency transaction loss. Additional charges included $26 million of accelerated depreciation in Brazil, $15 million of closed or indefinitely idled Phosphate facility costs, and $13 million of closed or indefinitely idled Brazil facility costs. Excluding notable items, adjusted EPS was $0.13 and adjusted EBITDA was $407 million.

Key facts

• Notable items for three months ended June 30, 2026 combined: $(351) million pre-tax source
• Ma’aden mark-to-market notable item: $(162) million pre-tax for the quarter source
• Phosphate results reflected $90 million of notable items, including $69 million related to a non-cash project write-off source
• Second quarter 2026 net loss: $273 million source
• Non-cash project write-offs in the quarter: $69 million source
• Second quarter diluted loss per share: $0.86 source
• Notable items combined negatively impacted earnings per share by $(0.99) for the three months ended June 30, 2026 source

Impact estimates