Icl Group Ltd. Stock Price, News & Analysis

ICL Group Ltd. (ICL) is described as a leading global specialty minerals company, with shares dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). According to the company’s public disclosures, it focuses on creating solutions for sustainability challenges in the food, agriculture and industrial markets by leveraging unique bromine, potash and phosphate resources, a global professional workforce, and sustainability-focused R&D and technological innovation capabilities.

In addition to its specialty minerals positioning, Polygon data classifies ICL within the fertilizer manufacturing space, specifically fertilizer (mixing only) manufacturing, and notes that the company manufactures products based on minerals. Polygon further indicates that ICL operates through four segments: phosphate solutions, potash, industrial products and growing solutions, all of which contribute to agriculture, food and engineered material products and services.

Business segments and mineral-based activities

Public filings and earnings releases consistently describe four main operating areas:

• Industrial Products – This segment is associated with bromine-based activities and related specialty minerals. Company reports reference bromine-based flame retardants, phosphorous-based solutions, elemental bromine, clear brine fluids and specialty minerals, with end-markets including construction, electronics, oil and gas and food applications.
• Potash – ICL reports a dedicated potash segment, with sales volumes disclosed in its quarterly results and framework agreements for potash supply, including contracts with customers in China and India. A 6-K filing notes agreements to supply potash to customers in China under 2025–2027 framework agreements.
• Phosphate Solutions – The company’s disclosures describe phosphate solutions as including white phosphoric acid, industrial phosphates, food phosphates, battery materials and commodity phosphate fertilizers. Polygon notes that phosphate solutions use phosphate rock and fertilizer-grade phosphoric acid to produce specialty products and phosphate-based fertilizers.
• Growing Solutions – ICL’s Growing Solutions segment focuses on specialty crop nutrition and other specialty agriculture offerings. Quarterly reports describe specialty agriculture products, turf and ornamental products, and regional growth strategies in markets such as Brazil, Europe, North America and Asia.

Polygon data indicates that maximum revenue is generated from the phosphate solutions segment, which uses phosphate commodity products to produce specialty products and markets phosphate-based fertilizers. The same source notes that ICL develops agriculture, food and engineered material products and services through its four segments.

End markets and sustainability focus

Across multiple news releases and SEC filings, ICL states that it serves food, agriculture and industrial markets. The company emphasizes solutions for crop nutrition and food ingredients, as well as industrial applications such as flame retardants and specialty minerals. It also highlights sustainability as a core theme, referencing sustainability-focused R&D, technological innovation and Task Force on Climate-related Financial Disclosures (TCFD) included in its annual report on Form 20-F.

ICL’s disclosures describe activities in specialty crop nutrition within Growing Solutions and specialty food solutions within Phosphate Solutions as significant growth engines. The company’s strategy materials and earnings commentary refer to these as expected drivers of sustainable and profitable growth, supported by both strategic acquisitions and organic initiatives.

Geographic footprint and markets

Polygon data notes that ICL generates revenue from multiple countries, including Brazil, the United States of America, China, the United Kingdom, Germany, Spain, Israel, France, India and the Netherlands, among others. Company materials also describe a global presence, with production sites and sales across regions such as Europe, Brazil, the U.S., China and other territories. ICL’s specialty food and phosphate businesses reference activity in North America, Latin America, Europe and Asia, and its potash framework agreements cover major importing countries such as China and India.

In addition, ICL’s public communications describe operations related to the Dead Sea Concession in Israel, through subsidiaries such as Dead Sea Works Ltd., Bromine Compounds Ltd. and Dead Sea Magnesium Ltd. A memorandum of understandings with the Government of Israel addresses the value and future transfer of concession-related assets and provides a framework for the end of the current concession period and potential future concession arrangements.

Strategic focus and portfolio optimization

ICL’s third quarter 2025 results release and investor presentations outline a strategy centered on:

• Driving profitable growth engines in specialty businesses, particularly specialty crop nutrition and specialty food solutions.
• Maximizing and improving potash, phosphate and bromine mineral businesses as core activities.
• Pursuing portfolio optimization and cost efficiency, including evaluating non-synergistic and low-potential businesses and reallocating resources toward higher-priority areas.

As part of this portfolio approach, the company has disclosed a decision to discontinue its lithium iron phosphate (LFP) cathode active material activities in the United States and Spain, while continuing to supply raw materials to the battery materials market. This reflects a focus on upstream mineral strengths rather than downstream cathode production.

Acquisitions and growth in food and ag-biologicals

Recent announcements highlight ICL’s activity in specialty food ingredients and ag-biologicals:

• A definitive agreement to acquire Bartek Ingredients, described as a global leader in food-grade malic and fumaric acid, expanding ICL’s portfolio deeper into specialty food solutions and functional food ingredients.
• The completed acquisition of the majority of Lavie Bio’s ag-biologicals activities and assets, including its Biology Driven Design technology platform, microbial bank, pipeline of development programs and commercial product offerings, as well as the MicroBoost AI for agriculture platform. ICL has stated that this acquisition is intended to support its role in the ag-biologicals market and strengthen its ability to deliver biological solutions in agriculture.

These transactions are presented by the company as aligned with its strategic emphasis on specialty crop nutrition and specialty food solutions, and as a way to broaden its offerings in functional food ingredients and biological crop inputs.

Dead Sea Concession and regulatory environment

ICL’s filings provide detailed information on the Dead Sea Concession in Israel. Under the existing concession law, fixed tangible assets in the concession area required for operations are to become the property of the Israeli government upon concession expiry, with compensation mechanisms defined in law. A memorandum of understandings with the Government of Israel sets out principles for valuing concession assets, timing of payments and expectations around investment and maintenance levels until the end of the concession period.

The company has also reported on a draft bill of law concerning the future Dead Sea Concession, which includes proposed regulatory structures, revenue mechanisms for the state (including royalties, corporate tax and surplus profits levy), environmental provisions and transitional arrangements. ICL states that it is reviewing the draft bill and intends to submit comments, while noting that the final law may differ from the draft.

Financial reporting and non-GAAP measures

ICL regularly files reports on Form 20-F and Form 6-K, providing financial statements prepared in accordance with International Financial Reporting Standards (IFRS). The company also discloses non-IFRS measures such as adjusted operating income, adjusted net income, adjusted EBITDA and diluted adjusted earnings per share. Management states that these measures are used to facilitate performance comparisons over time and to exclude items considered not indicative of ongoing operations, while cautioning that such measures should not be viewed as substitutes for IFRS metrics.

ICL’s 2024 annual report on Form 20-F includes TCFD disclosures addressing climate-related risks and mitigation efforts. The company notes that shareholders may request hard copies of its audited financial statements free of charge.

Stock information and investor profile

ICL’s ordinary shares trade under the ticker symbol ICL on both the NYSE and TASE. The company describes itself as employing more than 12,000 people worldwide and reports annual revenues in the multi-billion-dollar range, as disclosed in its news releases and annual filings. It distributes dividends, with several 6-K filings detailing dividend declarations, per-share amounts, record and payment dates, and applicable Israeli withholding tax rates.

FAQs about ICL Group Ltd.

• What does ICL Group Ltd. do?
  ICL Group Ltd. is described as a global specialty minerals company focused on solutions for sustainability challenges in food, agriculture and industrial markets. It leverages bromine, potash and phosphate resources and operates through segments including industrial products, potash, phosphate solutions and growing solutions.
• How is ICL classified within the fertilizer industry?
  Polygon data classifies ICL within fertilizer (mixing only) manufacturing and notes that it manufactures products based on minerals. Its phosphate solutions segment produces phosphate-based fertilizers and specialty products using phosphate rock and fertilizer-grade phosphoric acid.
• What are ICL’s main business segments?
  Company disclosures identify four segments: Industrial Products, Potash, Phosphate Solutions and Growing Solutions. These segments support agriculture, food and industrial applications, including crop nutrition, food phosphates, bromine-based products and specialty minerals.
• In which markets does ICL operate?
  ICL describes a global presence, with Polygon data noting revenue from Brazil, the United States, China, the United Kingdom, Germany, Spain, Israel, France, India, the Netherlands and other countries. Company materials also reference activity across Europe, North America, Latin America, Asia and Israel.
• What are ICL’s stated growth engines?
  In its third quarter 2025 results and strategy presentations, ICL identifies specialty crop nutrition (part of Growing Solutions) and specialty food solutions (part of Phosphate Solutions) as its main growth engines, expected to drive sustainable and profitable growth.
• How is ICL involved in food ingredients?
  ICL’s phosphate solutions segment includes food phosphates, and the company has announced a definitive agreement to acquire Bartek Ingredients, a producer of food-grade malic and fumaric acid used in food and beverage applications. These activities support its specialty food solutions strategy.
• What is the Dead Sea Concession and why is it important to ICL?
  The Dead Sea Concession governs mineral extraction activities by ICL subsidiaries in the Dead Sea area. Under the concession law, assets required for operations transfer to the Israeli government at concession expiry, with compensation. A memorandum of understandings with the government addresses valuation and payment for these assets and provides a framework for planning the end of the concession period and potential future concessions.
• How does ICL report its financial results?
  ICL files an annual report on Form 20-F and periodic reports on Form 6-K with the SEC, prepared under IFRS. It also reports non-IFRS measures such as adjusted EBITDA and adjusted net income, which management uses for performance analysis, while providing reconciliations and explanations in its filings.