ICL beats on Q2, rewires around growth engines

ICL delivered its best quarterly operating income performance in three years in the Q2 2026 and used the results to unveil a broader corporate reshape. This includes a new four-segment structure that will take effect at the start of 2027 and an enterprise-wide cost programme targeting more than $350 million of annualised savings by end-2028.

Q2 sales rose 17% year on year to $2.14 billion. Adjusted EBITDA climbed 28% to $448 million, adjusted net income was up 35% at $149 million. Free cash flow of $94 million was up 34%, and net debt to adjusted EBITDA held at 1.5x. ICL declared a $75 million dividend, equal to 50% of adjusted net income.