New York, February 18, 2026, 10:13 EST — Regular session
- ICL Group dropped roughly 5% in early trading, after its Q4 report highlighted $239 million in so-called “unusual” charges.
- Company put out guidance for 2026, projecting adjusted EBITDA between $1.4 billion and $1.6 billion, and sees potash sales volumes landing in a 4.5 to 4.7 million tonne range.
- The board set a dividend of $0.0465 a share, payable March 25 to holders of record as of March 10.
Shares of ICL Group Ltd slid roughly 5% Wednesday, trailing sector rivals, as the fertilizer and specialty minerals firm posted its fourth-quarter numbers and flagged charges linked to strategic shifts and a provision on Dead Sea water fees.
This is a key moment for ICL, which is working to persuade investors it can ramp up growth in its higher-margin specialty lines—even as sections of its portfolio remain tied to choppy crop nutrient prices and regulatory expenses. The company is also putting greater emphasis on “adjusted” profit figures as it overhauls its business.
Traders are eyeing the company’s latest strategy, which involves pulling out of certain battery materials operations and reassessing non-core assets. The big question: Will that trigger more write-downs, or set up a clearer earnings base by 2026?
ICL posted a 6% climb in fourth-quarter sales, hitting $1.70 billion. But after factoring in $239 million in what it called unusual adjustments, operating income slid into a $16 million loss. Adjusted EBITDA, though, moved up 10% to $380 million. Looking ahead to 2026, the company is projecting consolidated adjusted EBITDA between $1.4 billion and $1.6 billion, with potash sales volumes pegged at 4.5 million to 4.7 million metric tons. (Business Wire)
“ICL delivered a solid finish to 2025,” CEO Elad Aharonson said, highlighting sales gains in each of the company’s four segments as it expands its reach in specialty crop nutrition and food solutions. (Seeking Alpha)
The company has pulled the plug on expanding downstream into cathode active materials for LFP (lithium iron phosphate) batteries. Over in the UK, its Boulby operations are under review while it looks into possible divestment options.
ICL, in another filing, said its board cleared a cash dividend of $0.04650 per share—roughly $60 million. The dividend’s record date lands on March 10, with payment set for March 25, according to the filing.
Early in the U.S. session, fertilizer stocks caught a modest bid: Mosaic advanced roughly 0.7%, Nutrien added 0.6%, and CF Industries edged up 0.8%.
Tel Aviv’s ICL manufactures crop nutrients made from potash and phosphate, with bromine and various specialty materials also in its industrial lineup. The company’s reach extends into specialty operations linked to agriculture and food additives.
The quarter underscored the risk: shifting strategies isn’t cheap, and sudden legal or regulatory moves tied to major assets can ripple straight through reported earnings and cash flow.
Investors now turn to what management has to say about the portfolio review and how they’re tracking toward that 2026 profit target. The dividend is another focus, with the March 10 record date and March 25 payout already locked in.
