# OCI Global Reports Q1 2026 Financial Results

**Published:** 2026-05-29T16:13:00.000Z  
**Topic:** Stock To Flow  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/8b9c19f8-08e1-4762-b96e-4514470e953c

OCI Global reported a net cash position of $1.08 billion in Q1 2026 following asset sales, while evaluating a potential transaction for OCI Nitrogen.

OCI Global reported a net cash position of approximately $1.08 billion as of late May 2026, driven by the completion of several major asset divestments during the first quarter [1]. The company finalized the sale of OCI Ammonia Holding to AGROFERT and handed over its Beaumont New Ammonia facility to Woodside, while fully monetizing its stake in Methanex [1].

**Key takeaways**
*   The Group shifted from a net debt position of $54 million at year-end 2025 to a net cash position of $1.08 billion by May 29, 2026 [1].
*   OCI completed the sale of OCI Ammonia Holding to AGROFERT for EUR 290 million and sold its entire Methanex stake for net proceeds of roughly $543 million [1].
*   Adjusted EBITDA for the residual OCI Nitrogen business was $52 million, though operating free cash flow was negative $33 million due to working capital outflows [1].
*   Directors appointed by the Enterprise Chamber aim to decide by the end of June whether to submit the Orascom transaction for shareholder approval [1].

## Asset Divestments Bolster Cash Position

OCI Global executed a series of strategic transactions during the period, significantly strengthening its balance sheet. Following the handover of Beaumont New Ammonia to Woodside on March 25, 2026, the company received $470 million in deferred consideration, subject to outstanding construction obligations [1]. OCI continues to estimate the total cost to completion for the project at approximately $1.8 billion, though it noted that residual cost exposure has narrowed meaningfully as the majority of subcontractor claims are now settled [1].

Additionally, the company completed the sale of 100% of its equity interests in OCI Ammonia Holding to AGROFERT on March 31 for a transaction value of EUR 290 million, with net proceeds expected to be approximately $319 million [1]. OCI also fully unwound its equity position in Methanex, selling 9,944,308 shares at a net weighted average price of $54.56 per share, which was 21% above the entry price [1]. These moves resulted in total net proceeds from the Methanex stake of approximately $543 million [1].

## Operational Performance and Strategic Outlook

The company’s residual operating business, OCI Nitrogen, generated adjusted EBITDA of $52 million on sales volumes of 539,000 tonnes, compared to 484,000 tonnes in the first quarter of 2025 [1]. Despite a supportive pricing environment, margins remained constrained by higher natural gas input costs, and the quarter experienced a temporary operational disruption at an ammonia line that has since been restarted [1]. Corporate costs for the quarter were $18.5 million, remaining above the previously guided run-rate due to ongoing strategic processes, including Enterprise Chamber proceedings and the potential sale of OCI Nitrogen [1].

Looking ahead, the company stated that performance remains subject to external factors such as geopolitical developments and energy market conditions [1]. The Enterprise Chamber appointed directors indicated they

## Sources
1. Oci-global — [OCI Global Q1 2026 Trading Update – OCI](https://oci-global.com/news-stories/press-releases/oci-global-q1-2026-trading-update/)
2. Worldfertilizer — [OCI Global Q324 trading update | World Fertilizer](https://www.worldfertilizer.com/project-news/12112024/oci-global-q324-trading-update/)

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Cite as: TrendWatcher, "OCI Global Reports Q1 2026 Financial Results", https://www.trendwatcher.in/article/8b9c19f8-08e1-4762-b96e-4514470e953c