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OCI Global Reports H1 2026 Results

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OC Orascom Construction is proposed to combine with OCI Global. The article details the offer period and the process of shareholder approval, but does not provide specific sentiment on Orascom Construction's performance.

OCI Global Reports H1 2026 Results AMSTERDAM, Sept. 28, 2026 /PRNewswire/ --

Hassan Badrawi, CEO of OCI Global commented:

"During the first half of 2026, OCI advanced the final stages of its strategic review. We completed the sale of our global ammonia distribution and terminal business to AGROFERT, handed over Beaumont New Ammonia to Woodside and monetized our entire investment in Methanex. In June, we reached agreement with AGROFERT for the sale of an initial 50% interest in OCI Nitrogen, expected to close in the second half of 2027, together with a mechanism for the subsequent sale of the remaining interest. The agreement provides a pathway for OCI Nitrogen to transition to a strategic owner with an established position in European nitrogen markets, supporting continuity for its employees, customers and operations.

Alongside these developments, and with the consent of the directors appointed by the Enterprise Chamber, we have convened an extraordinary general meeting at which shareholders will be asked to approve the proposed combination with Orascom Construction. The offer period for NNS's recommended public cash offer for all OCI shares commenced on 15 September 2026, providing shareholders with a cash exit alternative, subject to the terms and conditions of the offer.

Throughout this process, our priorities remain maintaining operational discipline at OCI Nitrogen amid challenging market conditions, managing the Group's remaining assets and obligations and completing the transactions required to conclude OCI's strategic transformation."

Basis of preparation

As of 30 June 2026, OCI's remaining assets and liabilities, including OCI Nitrogen ("OCIN"), are classified as held for sale in connection with the proposed combination with Orascom Construction PLC ("Orascom Construction" or "OC"). With no continuing operations remaining, the Group's results are presented entirely within discontinued operations, including results of disposed businesses up to their respective completion dates. The H1 2025 income statement and cash flow comparatives have been re-presented accordingly.

OCI has discontinued alternative performance measure (APM) adjustments, reflecting their reduced relevance to management's assessment of underlying operating performance and strategic decision-making.

For further details of the Group's financial performance and position, please refer to OCI N.V.'s published Semi-annual Report H1 2026, included as an appendix to this press release.

Key Financial Highlights

H1 2026 Key Highlights

Net Cash Highlights

Key Strategic and Business Highlights

Proposed Combination with Orascom Construction and NNS Cash Offer

OCI Nitrogen

Beaumont New Ammonia

OCI Ammonia Holding

Methanex Investment

Fertiglobe Contingent Consideration and Liabilities

Other Information

Notes

This report contains unaudited first half financial highlights of OCI N.V. ("OCI Global", "OCI", the "Group" or the "Company"), a public limited liability company incorporated under Dutch law, with its head office located at Honthorststraat 19, 1071 DC Amsterdam, the Netherlands.

OCI Global is registered in the Dutch commercial register under No. 56821166 dated 2 January 2013. The Group is primarily involved in the production of nitrogen-based fertilizers and industrial chemicals.

Auditor

The information contained in this Results Report has not been audited. The accompanying Semi-Annual Condensed Consolidated Financial Statements have been reviewed, but not audited, by the Company's independent external auditor.

Market Abuse Regulation

This press release contains inside information as meant in clause 7(1) of the Market Abuse Regulation.

About OCI Global

Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.

OCI stock symbols: OCI / OCI.NA / OCI.AS

[1] Financial performance for OCI Nitrogen in H1 2025 includes the results of OCI Ammonia Distribution B.V. prior to its carve-out in August 2025 and is therefore not fully comparable to H1 2026.

[2] "Independent Directors" means OCI's directors other than Nassef Sawiris, Nadia Sawiris and the directors appointed by the Enterprise Chamber, and includes the Company's executive director.

SOURCE OCI Global