K+S Aktiengesellschaft's Q2 2025 Results: EBITDA Below Expectations, FCF In Line

In the second quarter of 2025, K+S Aktiengesellschaft reported an EBITDA of EUR 110 million, falling short of market expectations set at EUR 139 million according to the Vara consensus estimate on July 14, 2025. This performance also represents a decline from the previous year's figure of EUR 128 million for the same quarter.

Despite the lower-than-expected EBITDA, adjusted free cash flow came in at EUR -8 million, aligning with market expectations. The decrease in EBITDA was attributed to a one-time earnings effect, involving mining provisions, and lower-than-anticipated sales volumes in the Agriculture segment, exacerbated by logistical challenges.

Projected EBITDA for FY 2025 remains between EUR 560 million and 640 million. Despite an unfavorable USD/EUR exchange rate assumption, these forecasts are confirmed, reflecting resilience in financial guidance amidst currency fluctuation concerns.