About OMIFCO

Oman India Fertilizer Company

Incorporated in 1998 with its first commercial exports in 2005, OMIFCO is a joint venture between Oman and India, focused on the production of ammonia and urea.

The Company operates a two-train ammonia and a two-train urea fertiliser manufacturing facility in Oman, with a nameplate production capacity of approximately 1.15 million metric tonnes of ammonia per annum and 1.65 million metric tonnes of urea per annum.

It combines Oman's energy advantage – leveraging abundant natural gas as its primary feedstock – with India's agricultural demand as its key offtake market, creating a unique platform for growth in other markets.

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Oman India Fertilizer Company
Sultanate of Oman
50%
India
25%
India
25%

Key Financial Highlights

REVENUE
308.9 mn
PROFIT FOR THE YEAR
123.5 mn
EBITDA
156.3 mn
EBITDA MARGIN
50.6 %

All Figures are for FY 2025

OMIFCO in numbers

UREA CAPACITY
5,060 mtpd nameplate
Ammonia Capacity
3,500 mtpd nameplate
Urea Utilisation
117% of nameplate (2025)
Ammonia Utilisation
109% of nameplate (2025)
Urea Revenue
745 USD mn (2025)
Ammonia Revenue
58 USD mn (2025)
Safe Man-Hours
23.9mn HSSE · cumulative
Workforce
626 employees · 80% Omani

All figures are for FY 2025

Message from the CEO

Message from the CEO
Cheif Executive Officer Dr. Ahmed Said Al Marhoubi

We operate in an essential and resilient industry, underpinned by global food demand and a structurally stable business model. Our long-term gas supply agreement with IGC, secure offtake arrangements with OQ Trading and Kisan International Trading, and fully integrated operations give us a resilient and well-differentiated business model. Our geographic position strengthens this further, providing direct, uninterrupted access to key markets and allowing us to leverage Oman's established gas infrastructure and deep-water export berths to compete both regionally and globally.

We are proud to be a leading Ammonia and Urea producer in the Sultanate of Oman, and remain deeply committed to the country's Vision, contributing to a diversifying and dynamic national economy as it continues to grow.

why invest in omifco?

Investment Highlights

Integrated producer of granular urea and anhydrous ammonia at scale
01

Integrated producer of granular urea and anhydrous ammonia at scale

A modern fertiliser complex with two ammonia trains (3,500 mtpd combined) and two urea trains (5,060 mtpd combined). In-house storage, power, water desalination, and a two-berth deep-water jetty make us fully self-sufficient for robust production and direct international export.

Strong industry fundamentals, supported by urea growth and resilient ammonia demand
02

Strong industry fundamentals, supported by urea growth and resilient ammonia demand

Global demand for urea and ammonia is underpinned by agricultural demand, with additional growth potential from emerging applications of ammonia as a low-carbon energy carrier. OMIFCO is well-placed to serve this demand as a strategic global supplier.

Attractive geographic location and access to global logistics
03

Attractive geographic location and access to global logistics

Strategically located on Oman's coast, away from the geopolitically sensitive Strait of Hormuz, providing uninterrupted access and reliable supply routes. Integrated port positioning reduces inland logistics; OQ Trading's footprint strengthens market access and price realisation.

Contracted business model with competitive cost position
04

Contracted business model with competitive cost position

Fully integrated, low-cost platform underpinned by long-term gas supply and secured offtake. Captive power, water desalination, and gas infrastructure drive self-sufficiency. Plant utilisation of 109% (ammonia) and 117% (urea) between 2015 and 2025, with no major unplanned shutdowns.

Optimally positioned to capitalise on tangible growth opportunities
05

Optimally positioned to capitalise on tangible growth opportunities

Multiple avenues identified — short-term operational efficiency projects, medium-term capacity improvement projects, and long-term decarbonisation and clean-energy initiatives.

Attractive dividend capacity supported by strong cashflow generation
06

Attractive dividend capacity supported by strong cashflow generation

Revenue of US$ 686.4 million (2023), US$ 662.3 million (2024) and US$ 802.3 million (2025); EBITDA margins of 54%, 48% and 51% across the same period.

'Fortress' balance sheet enabling strong shareholder returns
07

'Fortress' balance sheet enabling strong shareholder returns

Net cash position maintained for several years, substantial cash balances, limited lease liabilities, and no interest-bearing debt. Conservative capital structure provides flexibility for growth opportunities and shareholder returns.

Highly skilled management team with a robust execution track record
08

Highly skilled management team with a robust execution track record

Decades of combined operational, commercial, and technical expertise across Oman and India. Proven track record of optimising plant performance, executing major revamps, and maintaining an exceptional safety record.

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