ICL generated $2.1 billion in consolidated sales for the second quarter of 2026, marking a 17% increase compared to the $1.8 billion reported for the same period last year. Adjusted EBITDA rose to $448 million, up from $351 million in the second quarter of 2025.

“ICL exceeded expectations in the second quarter and reported solid growth across all key financial metrics, both on an annual and sequential basis, and each of our four businesses contributed to the strong sales performance.”

— Elad Aharonson, president and CEO of ICL

The company’s performance included an increase in net income to $137 million from $93 million a year earlier, while free cash flow grew by 34%. Potash sales volumes reached 1,081 thousand metric tons, an increase of 110 thousand metric tons year-over-year, supported by higher demand from China, India and Brazil.

Alongside the financial results, the board declared a dividend of 5.81 cents per share, totaling approximately $75 million. The dividend is payable on September 16, 2026, to shareholders of record as of September 2, 2026.

ICL has formalized an enterprise-wide cost savings program, "Elevate," which aims to reduce the company's cost base and strengthen earnings. Implementation began in the third quarter of 2026, with the company expecting to realize significant savings starting in early 2027 and reaching over $350 million in annualized savings by the end of 2028.

“During the second quarter, we also formalized our enterprise-wide cost savings initiative, known as Elevate. This program is designed to reduce our cost base, support margin expansion, improve cash generation and strengthen earnings power.”

— Elad Aharonson, president and CEO of ICL

Looking ahead to 2027, the company plans to realign its organizational structure into three market-focused divisions: Nutrition Solutions, Industrial Products and Growing Solutions, with the current Essential Minerals segment continuing to manage upstream potash and phosphate production.

ICL has reiterated its full-year 2026 guidance, maintaining a target for consolidated adjusted EBITDA of $1.5 billion to $1.7 billion and potash sales volumes between 4.5 million and 4.7 million metric tons.

The company is hosting an earnings call today, August 5, 2026, at 8:30 a.m. New York time to discuss these results and the upcoming organizational updates.

Read the full announcement: ICL Reports Second Quarter 2026 Results