Nutrien Ltd. (NTR) annual results, year to 31 December 2025: revenue USD 26,885 million, from the 40-F
Nutrien Ltd. files a 40-F with the SEC once a year, in US dollars. In the year to 31 December 2025 it reported revenue of USD 26,885 million, up 3.5% on the year before. Its profit attributable to shareholders was USD 2,267 million, up 236.4%, and diluted earnings per share USD 4.66.
The year to 31 December 2025, against the year before
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Revenue | 25,972 | 26,885 |
| Cost of sales | 17,486 | 17,602 |
| Gross profit | 7,530 | 8,347 |
| Operating profit | 1,856 | 3,736 |
| Finance costs | 720 | 687 |
| Profit before tax | 1,136 | 3,049 |
| Income tax | 436 | 752 |
| Profit for the year | 700 | 2,297 |
| Profit attributable to shareholders | 674 | 2,267 |
| Filing | 40-F | 40-F |
USD million, from the 40-F on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
USD per ordinary share, as filed.
Cash flow
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Cash from operations | 3,535 | 4,007 |
| Purchase of property, plant and equipment | 2,025 | 1,882 |
| Free cash flow | 1,510 | 2,125 |
| Dividends paid | 1,060 | 1,061 |
| Filing | 40-F | 40-F |
USD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Total assets | 51,840 | 52,301 |
| Equity attributable to shareholders | 24,407 | 25,323 |
| Cash and cash equivalents | 853 | 701 |
| Borrowings, as filed | 9,918 | 9,863 |
| Lease liabilities | 1,355 | 1,283 |
| Trade and other receivables | 5,390 | 5,675 |
| Inventories | 6,148 | 6,977 |
| Goodwill | 12,043 | 12,136 |
| Filing | 40-F | 40-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Gross margin | 29.0% | 31.0% |
| Operating margin | 7.1% | 13.9% |
| Net margin | 2.6% | 8.4% |
| Free cash flow margin | 5.8% | 7.9% |
| Return on year-end equity | 2.8% | 9.0% |
| Effective tax rate | 38.4% | 24.7% |
| Filing | 40-F | 40-F |
Arithmetic on the filed lines of the same year.
Every annual report here
- Year to 31 December 2025, this page
- Year to 31 December 2024
- Year to 31 December 2023
- Year to 31 December 2022
- Year to 31 December 2021
- Year to 31 December 2020
- Year to 31 December 2019
- Year to 31 December 2018
- Year to 31 December 2017
Source
40-F for the year to 31 December 2025, filed 27 February 2026, accession 0001193125-26-081326: the filing on EDGAR. All of Nutrien Ltd.'s filings: EDGAR company page. The figures are in US dollars as filed.
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