OCI reports USD 1 million profit as OCI stock sits below EUR 4.10 offer

Published on 10/05/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OCI Nitrogen revenue reached USD 534 million in the first-half 2026. OCI stock costs EUR 4.09 on October 5, 2026 versus EUR 4.12, minus 0.73 percent.

Extreme Nahaufnahme von weißen und grauen Düngemittelgranulaten — OCI N.V. NL0010558797 zeigt in der Makroaufnahme feine weiße und graue Stickstoffdünger-Granulate in Nahaufnahme, Illustration mit AI erstellt.

OCI reported net profit attributable to shareholders of USD 1.00 million in the first half of 2026, down 99.71 percent from USD 343.00 million in the prior-year period, according to PRNewswire on September 28, 2026. The release also said that NNS Holding had made a EUR 4.10 per-share cash offer and that OCI had convened an extraordinary general meeting for October 30, 2026, according to PRNewswire. OCI stock was trading at EUR 4.09 at Lang & Schwarz on October 5, 2026 at 10:32 a.m. CEST.

First-half profit falls to USD 1 million

The earnings comparison is stark: net profit attributable to shareholders fell from USD 343.00 million in the first half of 2025 to USD 1.00 million in the first half of 2026. The first-half 2026 result included a USD 238.00 million gain on the disposal of OCI Ammonia Holding, while an impairment charge at OCI Nitrogen absorbed much of that benefit, PRNewswire reported on September 28, 2026.

OCI Nitrogen reported USD 534.00 million of revenue in the first half of 2026, down 5.65 percent from USD 566.00 million in the first half of 2025. Operating profit, however, improved from a USD 21.00 million loss to USD 53.00 million, showing how sharply asset-level performance diverged from the group result, according to PRNewswire.

Offer price anchors the October vote

NNS launched its voluntary all-cash offer at EUR 4.10 per share on September 14, 2026, with the offer period running from September 15 to November 17, 2026, according to PRNewswire. The current Lang & Schwarz price is EUR 0.01 below that offer, a gap of 0.24 percent measured against the EUR 4.10 offer price.

The October 30, 2026 extraordinary general meeting will address the offer, the proposed combination with Orascom Construction and the sale of OCI Nitrogen. Completion of the combination is expected in the fourth quarter of 2026, subject to shareholder approval and other transaction conditions, the September 28 release said.

Cash improves as nitrogen weakens

Held-for-sale net cash stood at USD 1.05 billion on June 30, 2026, up 51.08 percent from USD 695.00 million on March 31, 2026, according to PRNewswire. That balance provides transaction funding, but the operating trend remains sensitive to European natural gas prices, nitrogen product prices and customer demand.

OCI stock stays close to EUR 4.10

OCI stock was trading at EUR 4.09 at Lang & Schwarz on October 5, 2026 at 10:32 a.m. CEST, down 0.73 percent versus the prior close of EUR 4.12 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of OCI stock.