Board/Management Information • Nov 20, 2025
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PhosAgro Board of Directors Reviews Progress on Key Investment Projects
Moscow – At its meeting today, the Board of Directors of PhosAgro, one of the world’s leading phosphate-based fertilizer producers, reviewed the Company’s progress in implementing its key investment projects.
As reported by PhosAgro CEO Alexander Gilgenberg, the Company is continuing in its systematic efforts to complete the implementation of its development strategy to 2025 across all its production sites. For the second year in a row, the Company will invest some RUB 70 billion. As a result, the following projects have already been implemented this year:
The Board of Directors also reviewed the Group’s financial results for the first nine months of 2025, including its interim IFRS consolidated financial statements.
Reports were also heard on occupational health and industrial safety at PhosAgro Group companies, on the monitoring of key risk management in 3Q 2025 and on key aspects of cybersecurity efforts at PhosAgro Group production sites. The Board postponed consideration of the Company’s development strategy to 2030 until one of its upcoming meetings.
In addition, the Board approved related-party transactions concluded by the Company, reviewed reports from the chairs of Board committees on the work of those committees in 3Q 2025 and discussed arrangements for the Board’s 2025 self-assessment.
About the Company
PhosAgro (www.phosagro.ru) is a vertically integrated Russian company and one of the world’s leading producers of phosphate-based fertilizers and high-grade phosphate rock with P2O5 content of 39% or more (according to the IFA). PhosAgro’s high-performance fertilizers produce crops with advanced features.
PhosAgro Group is the largest producer of phosphate-based fertilizers in Europe (by total combined capacity for the production of DAP, MAP, NP, NPK and NPS fertilizers, according to the CRU), the largest global producer of high-grade phosphate rock with P2O5 content of 39% (according to the IFA), one of the leading producers of MAP and DAP fertilizers globally, one of the leading producers of monocalcium feed phosphates (MCP) in Europe – and the only such producer in Russia – and Russia’s only producer of nepheline concentrate.
PhosAgro’s main products, including phosphate rock, 58 grades of fertilizers, feed phosphates, ammonia and sodium tripolyphosphate, are used by customers in around 100 countries spanning all the world’s inhabited continents. The Company’s priority markets beyond Russia and the CIS are Latin America, Europe and Asia.
The Company’s shares are traded on the Moscow Exchange, and its global depositary receipts (GDRs) are listed on the London Stock Exchange (MOEX and LSE ticker: PHOR)
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