External broker reports(aggregated public sources), International Securities

International Securities

International Securities’ equity research analysis and advisory have been a vital source of market intelligence for our distinguished clients over the years. The equity research team’s main objective is to cover listed equities and to provide thoughtful, insightful, differentiated and timely research that can help clients make informed decisions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Fertiglobe posted 1Q24 core profit of USD77mn, down 51% YoY (-28% QoQ)</li><li>The core profit removes the impact of exchange gains/losses as well as tax reversals</li><li>Despite stable volume, revenue was lower by 20% YoY (-15% QoQ) led by 9% and 45% YoY decline in Urea and Ammonia benchmark prices, respectively</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Fertiglobe posted 1Q24 core profit of USD77mn, down 51% YoY (-28% QoQ)The core profit removes the impact of exchange gains/losses as well as tax reversalsDespite stable volume, revenue was lower by 20% YoY (-15% QoQ) led by 9% and 45% YoY decline in Urea and Ammonia benchmark prices, respectivelyContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Fertiglobe - 1Q24 Core Profit Down 51% YoY (-28% QoQ) To USD77mn, in Line with Estimates

Fertiglobe plc

Fertiglobe - 1Q24 Core Profit Down 51% YoY (-28% QoQ) To USD77mn, in Line with Estimates