German potash and salt miner K+S on Tuesday reported second-quarter core profit below expectations but reaffirmed its 2025 guidance, as rising potash prices offset a 10-million-euro (C$15.9 million) non-recurring mining provision impact and lower sales in its agriculture segment.
The group reported second-quarter earnings before interest, tax, depreciation and amortization (EBITDA) of 110 million euros, below a company-provided consensus of 139 million euros.
It said agriculture sales of 1.74 million tonnes were below the consensus figure of 1.84 million tonnes due to an earlier-than-scheduled maintenance break at its Bethune site in Saskatchewan, logistical challenges in June, and unfavourable exchange rate between the dollar and euro.
K+S said it reaffirms its full-year outlook as potash prices had continued to rise moderately since the company reported on its first-quarter results in May.
— Reporting by Bartosz Dabrowski in Gdansk
