盈利能力提升如期推进，尿素市场供应趋紧，低碳项目回报稳健

Group 1: Company Overview and Market Outlook - Fertiglobe is a leading global producer of urea and ammonia products, headquartered in Abu Dhabi, UAE, with an 86.2% ownership by the Abu Dhabi National Oil Company[2] - The company is optimistic about the urea market, expecting continued supply tightness due to high energy costs in Europe and potential production halts among fertilizer manufacturers[3] - Fertiglobe aims to achieve an EBITDA growth of at least $1 billion by 2030, based on comparable prices from the fiscal year 2024[2] Group 2: Strategic Initiatives and Profitability - The company plans to enhance profitability by nearly 60% over the decade, focusing on operational efficiency and cost advantages to rank among the top quartile in the industry[2] - Fertiglobe emphasizes its cost advantage as one of the lowest producers of fertilizer globally, primarily due to low-cost natural gas as a feedstock[3] - The company is advancing its low-carbon ammonia projects, which are expected to command a price premium over traditional ammonia products, thereby supporting profit margins[4] Group 3: Supply and Demand Dynamics - Fertiglobe anticipates that global urea demand will exceed supply, with China’s urea exports projected at 2-4 million tons annually[3] - The global urea capacity utilization rate is expected to remain high throughout the decade, influenced by production halts in Europe and export restrictions from China[3] - The tight supply outlook is seen as favorable for urea prices and Fertiglobe's business prospects[3]