Yara International ASA

Yara confirms US ammonia strategy in line with capital allocation policy

Yara and Air Products announced today

(link: https://newsweb.oslobors.no/message/661437) advanced negotiations to

partner on low-emission ammonia projects.

Yara has matured a project portfolio for potential investment in cost

competitive US ammonia to diversify its energy position and increase

competitiveness of its European nitrate production, enabling robust returns.

As emphasized in recent quarter releases, Yara will execute potential US

projects in line with its capital allocation policy and the potential

partnership with Air Products would be consistent with this. Yara has indicated

an average capex level of approximately 1.2 billion USD (real) throughout the

cycle, as well as an annual maintenance capex level between 700-850 million USD.

During project execution 2026-2030 and up until the closing would take place,

Yara will be restrictive on other growth projects, maintaining strict capital

discipline and enabling shareholder distributions.

A final investment decision is targeted mid-2026.

Contact

Maria Gabrielsen

Head of Investor Relations

M: +47 920 900 93

About Yara

Yara's mission is to responsibly feed the world and protect the planet. We

pursue a strategy of sustainable value growth through reducing emissions from

crop nutrition production and developing low-emission energy solutions. Yara's

ambition is focused on growing a nature-positive food future that creates value

for our customers, shareholders and society at large and delivers a more

sustainable food value chain.

To drive the green shift in fertilizer production, shipping, and other energy

intensive industries, Yara will produce ammonia with significantly lower

emissions. We provide digital tools for precision farming and work closely with

partners at all levels of the food value chain to share knowledge and promote

more efficient and sustainable solutions.

Founded in 1905 to solve the emerging famine in Europe, Yara has established a

unique position as the industry's only global crop nutrition company. With

17,000 employees and operations in more than 60 countries, sustainability is an

integral part of our business model. In 2024, Yara reported revenues of USD 13.9

billion.

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