OCI Global Posts USD 1 Million H1 2026 Profit as Orascom Combination Advances

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3▲0 ▼0Impact / 5
Summary · why it matters

OCI Global reported net profit attributable to shareholders of USD 1 million in H1 2026, down from USD 343 million in H1 2025, as the company advanced the final stages of its strategic review. The H1 2026 result includes a USD 238 million gain on the disposal of OCI Ammonia Holding, largely offset by an impairment charge at OCI Nitrogen, while the prior-year result included a USD 688 million gain on the sale of OCI Methanol. The OCI Nitrogen segment reported revenue of USD 534 million, down from USD 566 million a year earlier, but operating profit rose to USD 53 million from a loss of USD 21 million, even as the segment posted negative free cash flow of USD 2 million and a net loss attributable to shareholders of USD 175 million following a USD 215 million non-cash impairment charge. Management estimates adjusted EBITDA of approximately USD 8 million and negative free cash flow of USD 16 million for July and August 2026, and expects less favourable market conditions for the remainder of the year. On the strategic front, NNS Holding (Cyprus) Limited's all-cash public offer for all OCI shares at EUR 4.10 per share opened on 15 September 2026 and closes on 17 November 2026, while an extraordinary general meeting is set for 30 October 2026 to vote on the proposed combination with Orascom Construction, which is expected to complete in Q4 2026. Held-for-sale net cash stood at USD 1.05 billion as of 30 June 2026, compared with net debt of USD 54 million on 31 December 2025.

Impact on assets 3

Energy Transition & Power Demand▲ · 1 stocks
OCI NV
OCI
± MixedCapitalrelevance

OCI Global's H1 2026 profit collapsed to USD 1 million from USD 343 million, with impairment charges and weak outlook offset by the NNS EUR 4.10/share offer and Orascom combination.

Materials▲ · 1 stocks
Energy▲ · 1 stocks

Off-coverage companies 3

OCI NitrogenPrivate± Mixed
Capitalrelevance

OCI Nitrogen revenue fell to USD 534 million but operating profit swung to USD 53 million, though a USD 215 million impairment drove a USD 175 million net loss.

OCI Ammonia HoldingPrivate▲ Positive
Capitalrelevance

OCI Ammonia Holding's disposal generated a USD 238 million gain in H1 2026, largely offsetting the OCI Nitrogen impairment.

OCI MethanolPrivate± Mixed
Capitalrelevance

OCI Methanol is referenced only as the source of the prior-year USD 688 million disposal gain, not as a current operating segment.

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