OCI stock faces H1 profit drop as EUR 4.10 offer stays open

Published on 09/29/2026 at 09:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OCI stock trades at EUR 4.07 on September 29, 2026, with a 52-week high of EUR 4.17. H1 2026 net cash reached USD 1.05 billion ahead of the October vote.

Industrielle Chemieanlage mit Türmen und Dampf bei Sonnenuntergang am Hafen — OCI N.V. NL0010558797 betreibt eine große Stickstoffdünger- und Methanolanlage im Industriehafen bei Sonnenuntergang, Illustration mit AI erstellt.

OCI stock was last at EUR 4.07 on Euronext Amsterdam at 9:00 a.m. CEST on September 29, 2026, while the company reported a sharp H1 profit decline and kept a EUR 4.10 cash offer in view. According to Yahoo Finance on September 28, 2026, net profit attributable to shareholders fell to USD 1 million in H1 2026 from USD 343 million in H1 2025.

H1 profit shrinks to USD 1 million

The result includes a USD 238 million gain from the disposal of OCI Ammonia Holding, largely offset by a USD 215 million impairment charge at OCI Nitrogen. The comparison is affected by the prior year, which included a USD 688 million gain from the sale of OCI Methanol, according to AAP News on September 29, 2026.

OCI Nitrogen generated USD 534 million in H1 2026 revenue, compared with USD 566 million in H1 2025. Its operating profit improved to USD 53 million from a USD 21 million loss, but the segment still posted a USD 175 million net loss versus a USD 12 million loss a year earlier.

EUR 4.10 offer sets the decision point

NNS Holding's voluntary public cash offer is EUR 4.10 per OCI share, cum dividend, with the acceptance period running from September 15, 2026, to November 17, 2026. The offer gives the stock a defined reference level above the EUR 4.07 intraday quote, while completion depends on the offer conditions and shareholder decisions.

OCI also reported held-for-sale net cash of USD 1.05 billion as of June 30, 2026, compared with USD 695 million on March 31, 2026, and net debt of USD 54 million on December 31, 2025. The cash position provides financial context for the proposed combination with Orascom Construction, but the earnings comparison shows how strongly disposal gains and restructuring charges shape the reported result.

October 30 vote becomes the next checkpoint

According to MarketScreener on September 15, 2026, OCI convened an extraordinary general meeting for October 30, 2026, at 10:00 a.m. CET. Shareholders are scheduled to discuss the NNS offer and vote on the proposed combination with Orascom Construction and the OCI Nitrogen sale.

OCI stock has a 52-week range of EUR 2.55 to EUR 4.17 and a market capitalization of EUR 858.6 million as of September 29, 2026. The EUR 4.07 price sits EUR 0.10 below the EUR 4.17 yearly high, keeping the offer price and the October vote central to the stock's near-term valuation.