ICL Group

ICL Group (NYSE: ICL, TASE: ICL), formerly Israel Chemicals Ltd., is a global specialty minerals and fertilizer company headquartered in Tel Aviv and majority-controlled by Idan Ofer's Israel Corporation. Founded in 1968, ICL produces roughly a third of the world's bromine and ranks as the world's sixth-largest potash producer, extracting both minerals from its concession on the Dead Sea, and reported 2025 revenue of approximately $7.15 billion.

What Does ICL Actually Produce?

ICL organizes its business around agriculture, food and industrial-materials markets, producing potash, phosphate fertilizers and specialty phosphates, bromine and bromine-based flame retardants, magnesium and magnesium alloys, food-grade phosphoric acid, and water-treatment solutions. Its Dead Sea operations alone extracted roughly 476 million cubic meters of water from the Northern Basin's evaporation ponds in 2025, yielding approximately 3.57 million tons of potash, 150,000 tons of bromine, 17,800 tons of metal magnesium, 185,000 tons of salt and 112,000 tons of solid magnesium chloride. ICL employs more than 12,000 people across roughly 125 offices and plants worldwide.

Who Owns and Runs ICL?

Israel Corporation, the holding company controlled by Idan Ofer's Quantum Pacific Group, has historically held roughly 44% of ICL's shares, with the remainder held by institutional investors and the public. Elad Aharonson became president and CEO in 2025, succeeding Raviv Zoller, who led the company from 2018 to 2025; Akiva Mozes had led ICL from 1999 to 2012.

How Has ICL Performed Financially?

Full-year 2025 consolidated sales reached $7,153 million, up 5% from $6,841 million in 2024, with adjusted EBITDA of $1,488 million, roughly flat year over year, and diluted earnings per share of $0.18. ICL distributed approximately $224 million in dividends to shareholders in 2025. Momentum accelerated into 2026: first-quarter sales of $2,023 million, up 14% year over year, and second-quarter sales of $2.1 billion, up 17%, driven by higher prices for potash, bromine and phosphates, with adjusted EBITDA of $448 million in the second quarter, up 28%. The company raised its full-year 2026 adjusted EBITDA guidance to $1.5 billion to $1.7 billion.

What Is Happening With ICL's Dead Sea Concession?

ICL's current Dead Sea mining concession runs through 2030, and the company has been negotiating with the State of Israel over the terms of its successor. In 2025, ICL signed a memorandum of understanding with the state regarding the Dead Sea concession, which CEO Elad Aharonson said provided long-term regulatory clarity; by early 2026, the two sides had signed a binding agreement on the concession assets, reducing uncertainty for the company's future operations. ICL also recorded an $80 million provision in late 2025 following an Israeli Supreme Court ruling on water-extraction fees tied to the Dead Sea concession area. Separately, environmental monitoring group Who Profits has reported that ICL's Dead Sea Works subsidiary extracts minerals from the Northern Basin, an area that includes the occupied West Bank, and that the company's potash reserves fell from 122.7 million tons at the end of 2024 to 97.7 million tons at the end of 2025 due to ongoing extraction.

What Is ICL's Strategic Direction Beyond Mining?

ICL completed a strategic review in 2026 that identified new growth priorities in specialty crop nutrition and specialty food solutions, acquiring Bartek Ingredients, a global producer of food-grade malic and fumaric acids, and opening a new water-soluble fertilizers plant in India to expand its specialty crop-nutrition footprint in one of the world's fastest-growing agricultural markets. The company has said it continues to review non-core assets as part of the same strategic process.