Form 10-Q · Quarterly report
The Mosaic Company 10-Q, filed Aug 5, 2026
- Filed
- CIK
- 0001285785
- Accession no.
- 0001285785-26-000112
Summary
The Mosaic Company reported a second-quarter 2026 net loss of $272.8 million, or $0.86 per diluted share, versus net income of $410.7 million a year earlier, as higher sulfur and ammonia costs and lower sales volumes cut gross margin to 8% from 17%. Mosaic also booked roughly $482 million of charges tied to its plan to divest the Araxá mining and chemical complex and idle mining at Patrocínio in Brazil, closed the sale of its Carlsbad, New Mexico potash mine in April 2026, and said it may further curtail phosphate production in the third quarter of 2026 due to limited sulfur supply.
Key points
- Second-quarter net sales fell 6% to $2.82 billion, while six-month net sales rose 3% to $5.82 billion.
- The Phosphate segment posted a $104 million operating loss versus an $8 million loss a year earlier, and Potash operating earnings were $196 million versus $194 million.
- Mosaic Fertilizantes swung to a $41 million operating loss from $109 million of earnings, hurt by lower sales volumes, constrained raw material availability and limited customer credit in Brazil.
- Mosaic completed the sale of its Carlsbad, New Mexico potash mine on April 30, 2026 for $20 million plus a $10 million deferred payment, and recorded a $6.2 million impairment loss.
- Mosaic reported a $161.6 million unrealized mark-to-market loss on its investment in Ma'aden shares for the second quarter.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Results of Operations The following table shows the results of operations for the three and six months ended June 30, 2026 and June 30, 2025: Three months ended Six months ended June 30, 2026-2025 June 30, 2026-2025 (in millions, except per share data) 2026 2025 Change Percent 2026 2025 Change Percent Net sales $ 2,824.1 $ 3,005.7 $ (181.6) (6) % $ 5,822.1 $ 5,626.6 $ 195.5 3 % Cost of goods sold 2,609.4 2,487.1 122.3 5 % 5,371.8 4,619.6 752.2 16 % Gross margin 214.7 518.6 (303.9) (59) % 450.3 1,007.0 (556.7) (55) % Gross margin percentage 8% 17% (9) % 8% 18% Selling, general and administrative expenses 131.6 167.2 (35.6) (21) % 267.5 289.8 (22.3) (8) % Loss…
An excerpt of the text as filed with the SEC, cut for length.
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