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Mosaic MOS

Mosaic reports $72.1 million net loss for Q3 2026

Form
10-Q
Filed
Importance
Notable
  1. Revenue of $3.1 billion for the three months ended Sep 30, 2026
  2. Net loss of $72.1 million for the three months ended Sep 30, 2026
  3. Diluted EPS of -$0.23 for the three months ended Sep 30, 2026
  4. Cash and equivalents of $272.6 million as of Sep 30, 2026

Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.

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The reading, claim by claim

  1. The filing includes condensed consolidated statements of earnings, comprehensive income, balance sheets, and cash flows.
  2. It provides details on revenue, expenses, and earnings per share for the period.
  3. Gross margin was $84.1 million, and operating earnings were a loss of $96.6 million.
  4. Total assets were $24,137.1 million, and total liabilities and equity were $24,137.1 million.
  5. Shareholders' equity was $11,298.6 million.

5 of 8 claims matched the filing text.

Not found in the filing text

  • For the quarter ended September 30, 2026, MOSAIC CO reported net sales of $3,100.6 million.
  • Net earnings attributable to Mosaic were a loss of $72.1 million.
  • The filing also includes a condensed consolidated balance sheet as of September 30, 2026.

From the filing's financial data, not stated in its text

From this 10-Q's financial data (XBRL) for the quarter ended September 30, 2026

  • In its 10-Q for the quarter ended September 30, 2026, MOSAIC CO reported revenue of $3.1 billion.

From the filing

ITEM 1. FINANCIAL STATEMENTS

ITEM 1.1 1FINANCIAL STATEMENTS1 THE MOSAIC COMPANY CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)1

(In millions, except per share amounts)

(Unaudited)

Three months ended Nine months ended

September 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 Net sales $ 3,100.62 $ 3,452.1 $ 8,922.7 $ 9,078.7 Cost of goods sold 3,016.5 2,899.8 8,388.3 7,519.4 Gross margin 84.13 552.3 534.4 1,559.3 Selling, general and administrative expenses 124.4 125.5 391.9 415.3 Loss on assets sold and to be sold — 73.1 238.8 73.1 Other operating expense 56.3 13.9 408.7 148.2 Operating earnings (loss) ( 96.6 )3 339.8 ( 505.0 ) 922.7 Interest expense, net ( 59.5 ) ( 45.6 ) ( 177.6 ) ( 139.3 ) Foreign currency transaction gain (loss) 38.3 ( 1.2 ) 36.5 301.3 Other income (expense) 14.5 306.3 ( 44.0 ) 391.7 Earnings (loss) from consolidated companies before income taxes ( 103.3 ) 599.3 ( 690.1 ) 1,476.4 (Benefit) provision for income taxes ( 37.9 ) 175.5 ( 102.7 ) 384.8 Earnings (loss) from consolidated companies ( 65.4 ) 423.8 ( 587.4 ) 1,091.6 Equity in net earnings of nonconsolidated companies 0.1 0.3 2.1 2.2 Net earnings (loss) including noncontrolling interests ( 65.3 ) 424.1 ( 585.3 ) 1,093.8 Less: Net earnings attributable to noncontrolling interests 6.8 12.7 17.2 33.6 Net earnings (loss) attributable to Mosaic $ ( 72.1 )2 $ 411.4 $ ( 602.5 ) $ 1,060.2 Basic net earnings (loss) per share attributable to Mosaic $ ( 0.23 )2 $ 1.30 $ ( 1.90 ) $ 3.34 Basic weighted average number of shares outstanding 317.9 317.4 317.8 317.2 Diluted net earnings (loss) per share attributable to Mosaic $ ( 0.23 ) $ 1.29 $ ( 1.90 ) $ 3.33 Diluted weighted average number of shares outstanding 317.9 319.4 317.8 318.8

See Notes to Condensed Consolidated Financial Statements

1

Table of Contents

THE MOSAIC COMPANY CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)1

(In millions)

(Unaudited)

Three months ended Nine months ended

September 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 Net earnings (loss) including noncontrolling interest $ ( 65.3 ) $ 424.1 $ ( 585.3 ) $ 1,093.8

Other comprehensive income (loss), net of tax

Foreign currency translation (loss) gain ( 13.9 ) ( 4.8 ) ( 36.2 ) 343.1 Net actuarial (loss) gain and prior service cost 0.7 ( 1.7 ) ( 5.1 ) ( 2.5 ) Realized (loss) gain on interest rate swap — ( 0.1 ) ( 0.1 ) ( 0.1 ) Net (loss) gain on marketable securities held in trust fund ( 20.4 ) 5.8 ( 26.0 ) 21.4 Other comprehensive income (loss) ( 33.6 ) ( 0.8 ) ( 67.4 ) 361.9 Comprehensive income (loss) ( 98.9 ) 423.3 ( 652.7 ) 1,455.7 Less: Comprehensive income attributable to noncontrolling interest 6.7 13.4 18.1 37.1 Comprehensive income (loss) attributable to Mosaic $ ( 105.6 ) $ 409.9 $ ( 670.8 ) $ 1,418.6

See Notes to Condensed Consolidated Financial Statements

2

Table of Contents

THE MOSAIC COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS1

(In millions, except per share amounts)

(Unaudited)

September 30, 2026 December 31, 2025

Assets

Current assets:

Cash and cash equivalents $ 272.6 $ 276.6

Receivables, net, including affiliate receivables of $ 88.2 and $ 126.3 , respectively

1,013.6 1,078.6 Inventories 3,224.0 3,363.0 Assets held for sale 106.8 73.5 Other current assets 410.4 445.8 Total current assets 5,027.4 5,237.5

Property, plant and equipment, net of accumulated depreciation of $ 11,776.1 and $ 11,126.0 , respectively

13,577.3 13,982.6

Equity securities and investments in nonconsolidated companies 1,845.0 1,848.2

Goodwill 970.6 1,005.1 Deferred income taxes 1,149.6 811.6 Other assets 1,567.2 1,595.1 Total assets $ 24,137.14 $ 24,480.1

Liabilities and Equity

Current liabilities:

Short-term debt $ 511.6 $ 759.9

Current maturities of long-term debt 68.7 43.1

Structured accounts payable arrangements 402.4 480.1

Accounts payable, including affiliate payables of $ 95.6 and $ 115.2 , respectively

871.3 1,171.9 Accrued liabilities 1,424.6 1,472.5 Liabilities held for sale 76.9 55.3 Total current liabilities 3,355.5 3,982.8

Long-term debt, less current maturities 5,332.8 4,250.9

Deferred income taxes 954.6 1,000.8 Other noncurrent liabilities 3,017.9 3,011.4 Equity: Preferred Stock, $ 0.01 par value, 15,000,000 shares authorized, none issued and outstanding as of September 30, 2026 and December 31, 2025

— —

Common Stock, $ 0.01 par value, 1,000,000,000 shares authorized, 395,619,275 shares issued and 317,902,668 shares outstanding as of September 30, 2026, 395,125,254 shares issued and 317,408,647 shares outstanding as of December 31, 2025 3.2 3.2

Capital in excess of par value 53.8 29.2

Retained earnings 13,441.8 14,184.4 Accumulated other comprehensive loss ( 2,200.2 ) ( 2,131.9 ) Total Mosaic stockholders' equity 11,298.65 12,084.9 Noncontrolling interests 177.7 149.3 Total equity 11,476.3 12,234.2 Total liabilities and equity $ 24,137.14 $ 24,480.1

See Notes to Condensed Consolidated Financial Statements

3

Table of Contents

THE MOSAIC COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS1

(In millions)

(Unaudited)

Nine months ended

September 30, 2026 September 30, 2025

Cash Flows from Operating Activities:

Net earnings (loss) including noncontrolling interests $ ( 585.3 ) $ 1,093.8

Adjustments to reconcile net earnings including noncontrolling interests to net cash provided by operating activities:

Depreciation, depletion and amortization 900.6 781.7

Deferred and other income taxes ( 321.3 ) 55.7

Equity in net (earnings) of nonconsolidated companies, net of dividends ( 2.1 ) ( 1.8 )

Accretion expense for asset retirement obligations 99.2 97.5

Share-based compensation expense 22.7 24.2

Unrealized (gain) loss on equity securities 11.1 ( 407.7 )

Unrealized (gain) loss on derivatives 0.3 ( 85.1 )

Foreign currency adjustments 56.6 ( 285.9 )

Impairment of assets held for sale 238.8 73.0

Amortization of debt financing fees 23.8 33.6

Other 192.4 100.8 Changes in assets and liabilities: Receivables, net 69.6 71.9 Inventories 187.9 ( 578.9 )

Other current and noncurrent assets 8.9 27.6

Accou

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Data on this page was fetched . The filing on SEC.gov is the record.