MOS · News · 20260805N

Free Cash Flow and Liquidity

MOSAIC CO · 2026-08-05 · Importance 64 · Surprise 42 · In source text

Mosaic expects free cash flow to improve in the second half of 2026 through lower capital expenditures and a release of working capital. Management indicated a projected cash shortfall of approximately $500 million for 2026, while S&P estimated a discretionary cash-flow deficit of $400 million to $500 million. The company is reducing SG&A, curtailing production and managing spending to preserve liquidity. S&P expects Mosaic’s weaker cash generation to increase debt and projected funds from operations to debt below 20% in 2026.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
cashpositiveprobableMosaic expects free cash flow to improve in the latter half of the year due to reduced capital expenditures and working capital release.