Yara's 2026 Strategy: Resilient Earnings and Sustainable Growth
- Yara targets over USD 600 million in free cash flow expansion from 2024 to 2030.
- An additional USD 350 million is targeted by 2030.
- Yara plans a USD 2 billion US investment in low-emission ammonia with Air Products.
- Yara aims for a net debt/EBITDA of 1.5–2.0 and net debt/equity below 0.60.
Financial Targets
Yara aims to expand its free cash flow by over USD 600 million from 2024 to 2030, with USD 250 million already achieved and an additional USD 350 million targeted by 2030. The company is committed to optimizing global assets to enhance capital productivity through portfolio optimization and strict capital reallocation.
Investment Plans
Yara is advancing its low-cost, low-emission ammonia growth strategy, including a potential USD 2 billion investment in the US in partnership with Air Products. This investment is expected to offer strong scale benefits and an optimal EBIT profile, driving strong returns.
Capital Allocation
Yara reaffirms its capital allocation policy, targeting a BBB/Baa2 credit rating, a net debt/EBITDA ratio of 1.5–2.0, and a net debt/equity ratio below 0.60. The company will maintain strict capital discipline, prioritizing US ammonia development subject to a final investment decision.
Strategic Positioning
Yara is positioned to capitalize on global opportunities by addressing challenges such as feeding a growing population, improving land use efficiency, and reducing emissions. The company leverages its proven business model to deliver strong shareholder returns through scale, operational efficiency, energy flexibility, and knowledge margin.
Source: Yara