FAB Reiterates Buy Rating on Fertiglobe After 'Strong' Q2 Performance

07:02 AM EDT, 07/30/2026 (MT Newswires) -- FAB Securities maintained its buy rating on Fertiglobe (ADX:FERTIGLB), after the fertilizer company published its financial results for the second quarter. "We maintain our BUY rating on Fertiglobe with a target price of AED 3.20. The Company delivered a strong performance in 2Q26, supported by significantly higher ammonia and urea prices, coupled with higher overall product sales volumes driven by an increase in third-party traded volumes. Own-produced sales volumes remained under pressure due to GCC trade route disruptions, however strong operating performance in Egypt and Algeria partially offset the pressure," analysts said in a Thursday note. For the three-month period, the company posted a net profit of $115 million, against FAB's estimate of $125 million. Revenue also rose to $1.09 billion, compared with the research firm's $951 million forecast. "Fertiglobe remains well positioned to benefit from its low-cost production base, diversified operations, strong balance sheet and expanding low-carbon ammonia portfolio thereby supporting sustainable earnings growth in 2026," FAB said.