$ICL

ICL Group Ltd.

CIK:0000941221|SEC Filings

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statements of Income [Abstract]
Sales	$ 7,153	$ 6,841	$ 7,536
Cost of sales	4,967	4,585	4,865
Gross profit	2,186	2,256	2,671
Selling, transport and marketing expenses	1,114	1,114	1,093
General and administrative expenses	299	259	260
Research and development expenses	70	69	71
Other expenses	161	60	128
Other income	(38)	(21)	(22)
Operating income	580	775	1,141
Finance expenses	298	181	259
Finance income	(159)	(41)	(91)
Finance expenses, net	139	140	168
Share in earnings of equity-accounted investees	0	1	1
Income before taxes on income	441	636	974
Taxes on income	161	172	287
Net income	280	464	687
Net income attributable to non-controlling interests	54	57	40
Net income attributable to shareholders of the Company	$ 226	$ 407	$ 647
Earnings per share attributable to shareholders of the Company:
Basic earnings per share (in dollars)	$ 0.18	$ 0.32	$ 0.5
Diluted earnings per share (in dollars)	$ 0.18	$ 0.32	$ 0.5
Weighted-average number of ordinary shares outstanding:
Basic (in thousands)	1,290,580	1,289,968	1,289,361
Diluted (in thousands)	1,291,395	1,290,039	1,290,668

Consolidated Statements of Cash Flows - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Cash flows from operating activities

Net income

$ 280

$ 464

$ 687

Adjustments for:

Depreciation and amortization

615

596

536

Fixed assets impairment

111

Exchange rate, interest and derivative, net

152

Tax expenses

161

172

287

Change in provisions

(50)

(32)

Other

Adjustments for reconcile profit loss

990

897

844

Change in inventories

(210)

(7)

465

Change in trade receivables

(11)

252

Change in trade payables

100

104

(101)

Change in other receivables

(22)

Change in other payables

(210)

Net change in operating assets and liabilities

(63)

205

432

Income taxes paid, net of refund

(151)

(98)

(253)

Net cash provided by operating activities

^[1]

1,056

1,468

1,710

Cash flows from investing activities

Proceeds (payments) from deposits, net

(86)

(88)

Purchases of property, plant and equipment and intangible assets

(824)

(713)

(780)

Proceeds from divestiture of assets and businesses, net of transaction expenses

Payments from settlement of derivatives, net

(9)

Interest received

Business combinations

(12)

(74)

Other

Net cash used in investing activities

(915)

(694)

(853)

Cash flows from financing activities

Dividends paid to the Company's shareholders

(224)

(251)

(474)

Receipts of long-term debt

1,666

^[2]

889

^[2]

633

Repayments of long-term debt

(1,599)

(1,302)

(836)

Receipts (repayments) of short-term debt, net

146

(1)

(25)

Interest paid

(117)

(122)

(125)

Receipts (payments) from transactions in derivatives

(3)

(2)

Dividend paid to the non-controlling interests

(64)

(57)

(15)

Net cash used in financing activities

(195)

(846)

(837)

Net change in cash and cash equivalents

(54)

(72)

Cash and cash equivalents as of the beginning of the year

327

420

417

Net effect of currency translation on cash and cash equivalents

(21)

(17)

Cash and cash equivalents as of the end of the year

$ 291

$ 327

$ 420

[1]	Reclassification - see Note 3 below.
[2]	The balance includes Short-term debt, loans and debentures, derivatives on loans and debentures, and interest payables.

Consolidated Statements of Financial Position - USD ($)
$ in Millions

Dec. 31, 2025

Dec. 31, 2024

Current assets

Cash and cash equivalents

$ 291

$ 327

Short-term investments and deposits

205

115

Trade receivables

1,365

1,260

Inventories

1,934

1,626

Prepaid expenses and other receivables

369

258

Total current assets

4,164

3,586

Non-current assets

Deferred tax assets

180

143

Property, plant and equipment

6,785

6,462

Intangible assets

955

869

Other non-current assets

329

261

Total non-current assets

8,249

7,735

Total assets

12,413

11,321

Current liabilities

Short-term debt

876

384

Trade payables

1,157

1,002

Provisions

Other payables

1,040

879

Total current liabilities

3,131

2,328

Non-current liabilities

Long-term debt and debentures

1,880

1,909

Deferred tax liabilities

502

481

Long-term employee liabilities

390

331

Long-term provisions and accruals

231

230

Other

Total non-current liabilities

3,039

3,006

Total liabilities

6,170

5,334

Equity

Total shareholders’ equity

5,983

^[1],[2]

5,724

Non-controlling interests

260

263

Total equity

6,243

5,987

Total liabilities and equity

$ 12,413

$ 11,321

[1]	The EBITDA calculation for the financial covenants, which amounted to $1,412 million in 2024, is according to the agreements with the financial institutions.
[2]	The examination of compliance with the financial covenants is based on the Company's consolidated financial statements. As of December 31, 2024, the Company complies with all of its financial covenants.