MOS · 10-Q · 2026Q3 · Full report

FX / Currency Headwinds

MOSAIC CO · 2026-11-04 · Importance 56 · Surprise 46 · From source text

Fluctuations in the Canadian dollar and Brazilian real against the U.S. dollar produced transaction gains of $38.3 million in the third quarter and $36.5 million in the first nine months of 2026. The nine-month gain was down from a $301.3 million gain in the comparable 2025 period, a decline of more than 10% year over year. The quarter’s $38.3 million gain compared with a $1.2 million loss in the prior-year quarter.

Key facts

• Mosaic recorded foreign currency transaction gains of $38.3 million and $36.5 million for the third quarter and first nine months of 2026, respectively, compared with a $1.2 million loss and a $301.3 million gain in 2025. source
• Mosaic's nine-month 2026 net income was partially offset by a $36.5 million foreign currency transaction gain. source
• The Company’s cash and cash equivalents are held in the U.S. or by non-U.S. subsidiaries and were not subject to significant foreign currency exposures as of September 30, 2026, as most were held in U.S.-dollar-denominated investments. source
• Cash held by the Company may produce foreign currency transaction gains or losses depending on the functional currency of the entity holding it. source
• The Company identifies adverse foreign exchange rates and fluctuations in those rates as a risk. source

Impact estimates