Mosaic raises FY25 potash volumes view to 9.3M-9.5M tonnes

Sales volumes of 2.3 million tonnes in the second quarter of 2025 improved from 2.1 millions tonnes in the first quarter which was impacted by curtailed production in response to weather-related logistics challenges. Amid rising prices and sustained strong demand, Mosaic (MOS) now expects full-year production volume to be in the range of 9.3-9.5 million tonnes to capitalize on strengthening market conditions. Cash flow from operations was $610 million in the second quarter of 2025 versus $847 million in the same quarter of the prior year, driven primarily by lower customer prepayments and higher working capital. Free cash flow in the second quarter of 2025 was $305 million compared to $513 million in the same quarter last year, driven primarily by lower customer prepayments and higher working capital, offset by lower capital expenditures which declined to $305 million, from $334 million in the same quarter of the prior year. Mosaic expects cash flow from operations to be stronger in the second half, compared to the first half of 2025, reflecting the strong price environment and normal working capital seasonality. The 2025 capital expenditure outlook remains unchanged at $1.2-$1.3 billion.