Mosaic swings to $258M loss on Brazil exit charges; sulfur costs surge 141%, prompting U.S. curtailments

Filed May 11, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~2 min read

Key Changes

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  Q1 2026 net loss of $257.6M vs. $238.1M profit in Q1 2025, driven by $442M in charges for divesting Brazil's Araxá complex and idling Patrocínio mining. Phosphate gross margin collapsed 98% to $3.4M as sulfur costs jumped 141% to $379/ton and ammonia rose 50% to $626/tonne.

  MD&A: Financial Results verify on EDGAR →
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  Management announced partial production curtailments at Louisiana and Bartow, Florida facilities for Q2 2026 due to persistently elevated sulfur prices, signaling margin pressure will continue and output will be reduced to avoid producing at a loss.

  MD&A: Forward Outlook verify on EDGAR →
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  New risk disclosure ties input cost volatility to Russia-Ukraine conflict and Iran tensions disrupting Strait of Hormuz shipping (critical for sulfur/ammonia). Company warns it may not pass costs to customers as commodity producer, creating margin compression risk.

  Risk Factors verify on EDGAR →