MOS · 10-Q · 2026Q2 · Full report
Other Income (Expense), Net
MOSAIC CO · 2026-08-05 · Importance 59 · Surprise 82 · In source text
Mosaic recorded other expense of $58.5 million for the six months ended June 30, 2026 versus other income of $85.4 million in the prior year. The change was driven by a $50 million unrealized mark-to-market loss on Ma’aden shares in 2026 compared with a $99 million gain in 2025. Second-quarter Ma’aden losses were approximately $161.6 million, producing total other expense of $163.2 million versus $203.5 million of income in the prior-year quarter. Foreign-currency transaction results also deteriorated to a $1.8 million six-month loss from a $302.5 million gain, including a $39.4 million second-quarter loss.
Key facts
- Other income (expense) was an expense of $163.2 million for the three months ended June 30, 2026, and expense of $58.5 million for the six months ended June 30, 2026, compared to income of $203.5 million and $85.4 million for the same periods in the prior year; driven by unrealized mark-to-market losses on Ma’aden shares of $162 million and $50 million for the three and six months ended June 30, 2026 respectively. source
- Unrealized mark-to-market loss of approximately $161.6 million on the investment in Ma’aden shares included in other income (expense) for the three months ended June 30, 2026. source
- Corporate, Eliminations and Other six-month gross margin was $12.0 million for the six months ended June 30, 2026 compared to $70.0 million for the same period in the prior year; current period included approx. $5 million of net unrealized losses (primarily foreign currency derivatives) versus approx. $110 million of net unrealized gains in prior-year period. source
- Information regarding off-balance sheet arrangements and obligations is included in Management’s Discussion and Analysis of Results of Operations and Financial Condition in our 10-K Report and Note 16 to our Condensed Consolidated Financial Statements in this report. source
- Information regarding contingencies is incorporated by reference to Note 16 to our Condensed Consolidated Financial Statements in this report. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -5.7% | Unrealized mark-to-market loss of approximately $161.6 million on the investment in Ma’aden shares included in other income (expense) for… |
| net_income | negative | realized | -1.8% | Other income (expense) was an expense of $163.2 million for the three months ended June 30, 2026, and expense of $58.5 million for the six… |