MOSAIC (MOS) Q1 FY26 earnings call

Earnings call· Mar 2026 (Q1 FY26)· Materials· May 11, 2026

Source: earnings call transcript

The Mosaic Company navigated a challenging Q1 FY26 marked by geopolitical volatility and raw material supply constraints, particularly in the phosphate market. The company is differentiating itself through optimized U.S. phosphate assets and a disciplined capital allocation strategy, including CapEx reductions and non-core asset divestitures. While facing near-term production curtailments due to unsustainable sulfur prices, Mosaic remains focused on long-term opportunities, including Biosciences growth and rare earth element extraction, positioning for an eventual market recovery.

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MOS operating KPIs by quarter

MOS operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2025 Q4 FY25	This call Mar 2026 Q1 FY26	Jun 2026 Q2 FY26	Change vs prior quarter
Production volume Phosphate	1.7M tons We produced 1.7 million tonnes in the fourth quarter even with an extended turnaround at our Bartow facility as well as deliberate steps to adjust production amid soft US demand. Source: earnings call transcript	—	1.4M tons During the second quarter, we produced and sold 1.4 million tonnes of phosphate despite all the turmoil in the market. Source: earnings call transcript	—
Shipments Phosphate	—	1.9M tons In phosphate, we sold 1.9 million tonnes in the first quarter as deferred demand from the end of 2025 returned. Source: earnings call transcript	1.4M tons During the second quarter, we produced and sold 1.4 million tonnes of phosphate despite all the turmoil in the market. Source: earnings call transcript	-26.3%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.