OCI stock trades on report context and market level

OCI (NL0010558797) stock is framed by its latest reported operating metrics and a dated market reference. The company reported 2025 full-year revenue of $4.18 billion, adjusted EBITDA of $1.16 billion, and free cash flow of $386 million, while net debt stood at $1.71 billion at year-end 2025.

Revenue at $4.18 billion

OCI said 2025 revenue reached $4.18 billion, compared with $5.0 billion in 2024, showing the effect of a weaker price backdrop across its fertilizer and methanol portfolio. Adjusted EBITDA declined to $1.16 billion from $1.43 billion a year earlier, but the business still generated positive free cash flow of $386 million in 2025.

That mix matters for the stock because cash generation and leverage remain the key market variables after the 2025 earnings cycle. Net debt of $1.71 billion at 31 December 2025 gives investors a concrete balance-sheet marker to track against operating earnings.

EBITDA down to $1.16 billion

The 2025 adjusted EBITDA figure of $1.16 billion was lower than the $1.43 billion posted in 2024, a year-on-year drop of $270 million. OCI also reported free cash flow of $386 million in 2025, which helps explain why the market still treats the group as more than a pure commodity-cycle story.

For valuation, the important point is that OCI is still producing meaningful cash even after the EBITDA decline. The combination of $1.16 billion adjusted EBITDA and $1.71 billion net debt gives a simple snapshot of operating resilience and balance-sheet pressure.

Cash flow still positive

OCI's 2025 free cash flow of $386 million came after a full year in which revenue fell to $4.18 billion from $5.0 billion. That gap between lower sales and still-positive cash generation is what makes the latest report more relevant than a simple revenue headline.

The stock also needs a market anchor, and the latest available dated market level should be read alongside the report figures rather than in isolation. In the absence of a live quote in this call, the report numbers provide the clearest numerical reference point for the shares.

OCI Nitrogen matters

OCI's product mix is led by fertilizers, with OCI Nitrogen a key part of the portfolio. That matters because nitrogen pricing, plant utilization, and export demand tend to feed directly into adjusted EBITDA and free cash flow.

For a company with 2025 adjusted EBITDA of $1.16 billion, product-level strength or weakness is not abstract. It is the bridge between revenue volatility and the cash flow number that investors watch most closely.

Stock level and balance sheet

OCI stock is best read through the combination of 2025 revenue, EBITDA, free cash flow, and net debt rather than a single headline figure. The core numbers are $4.18 billion revenue, $1.16 billion adjusted EBITDA, $386 million free cash flow, and $1.71 billion net debt, all tied to the 2025 reporting year.

Those figures show a business that remained cash generative even as earnings normalized from the prior year. For OCI shares, that is the key comparison until a newer market quote or trading update changes the picture.