Description

ICL: Functional Food Ingredients Is the Bigger Prize—And ICL Is Moving In!

ICL Group’s financial performance for the third quarter of 2025 showed resilience and strategic foresight. The company reported sales of $1.853 billion, reflecting a 6% increase year-over-year, with specialty-driven businesses contributing $1.461 billion of this total, up 3%. The consolidated adjusted EBITDA reached $398 million, up 4% from the previous year, indicating a strong operational performance despite regional variations. This was accompanied by an increase in operating cash flow to $308 million, an improvement of nearly $40 million sequentially. The company’s Potash division reported sales of $453 million and an EBITDA of $169 million, bolstered by an increase in average potash price. However, sales volume remained stable, hinting at potential challenges in expanding market share. A notable development was ICL’s signing of a Memorandum of Understanding with the state of Israel concerning the Dead Sea concession, promising long-term regulatory clarity.