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Mosaic(MOS) - 2025 Q2 - Earnings Call Presentation

Financial Performance - Consolidated revenues reached $3,006 million[6], with an adjusted EBITDA of $566 million[6] - Net income was $411 million[6] Segment Results - Phosphate segment net revenues were $1,173 million[6], with an adjusted EBITDA of $217 million[6], but an operating loss of $8 million[6] - Potash segment net revenues were $711 million[6], with operating earnings of $194 million[6] and an adjusted EBITDA of $278 million[6] - Mosaic Fertilizantes segment net revenues were $1,175 million[6], with operating earnings of $109 million[6] and an adjusted EBITDA of $159 million[6] Production and Sales Volumes - Phosphate sales and production volumes were both 1.5 million tonnes[8] - Potash sales volume was 2.3 million tonnes[11] and production volume was 2.1 million tonnes[11] - Mosaic Fertilizantes sales volumes were 2.2 million tonnes[14], including 1.1 million tonnes of produced products[14] Guidance and Targets - Phosphate Q3 sales volume is expected to be in the range of 1.8 to 2.0 million tonnes[19] - Potash 2025 production volume guidance raised to 9.3 to 9.5 million tonnes[19] - Mosaic Fertilizantes Q3 adjusted EBITDA is expected to be above $200 million[15, 19] Cost Reduction and Capital Allocation - The company achieved $150 million in cost reductions and expanded the target to $250 million by the end of 2026[19, 31] - Capital expenditures for the full year 2025 are projected to be $1.2 to $1.3 billion[45] Market Dynamics - North America and Brazil each represent less than 15% of global phosphate demand and less than 20% of global potash demand[53]