PhosAgro is committed to striking an effective and reasonable balance between the payment of dividends and reinvestment of profit in further development.
Higher transparency and predictability of dividend payments are a priority for the Company as it seeks to ramp up its growth and strengthen its investment case.
All resolutions on the payment of dividends and the timing and amount of such payment are subject to approval by the General Meeting of Shareholders, based on recommendations provided by PhosAgro’s Board of Directors. When preparing recommendations for the General Meeting of Shareholders on any dividend payout (declaration), in addition to the current financial standing assessment, the Board of Directors takes into account the relevant provisions of PhosAgro’s dividend policy whereby the amount of distributed dividends may range from 50% to over 75% (subject to PhosAgro’s leverage ratio) of PhosAgro’s consolidated free cash flow for the respective year under IFRS. At the same time, the amount of declared dividends should not be lower than 50% of adjusted net profit for the year under IFRS.
The full text of the Company’s Dividend Policy is available on the Company’s website
Report on dividends declared and paid
Item
Dividend per share, RUB
Dividend per GDR, RUB
Governance body deciding on the payment of dividends
Date of the General Meeting of Shareholders where the relevant resolution on the payment of dividends was adopted and No. of the minutes
Dividend payment timeframesFor nominee holders and trustees who are securities market professionals and are on PhosAgro’s register of shareholders / other persons on PhosAgro’s register of shareholders.
Item
Dividend per share, RUB
Dividend per GDR, RUB
Governance body deciding on the payment of dividends
Date of the General Meeting of Shareholders where the relevant resolution on the payment of dividends was adopted and No. of the minutes
Dividend payment timeframesFor nominee holders and trustees who are securities market professionals and are on PhosAgro’s register of shareholders / other persons on PhosAgro’s register of shareholders.
2021
Retained earnings as at 31 March 2021
105
35
22 June 2021
No later than 6 July 2021/ 9 August 2021
Retained earnings as at 30 June 2021
156
52
13 September 2021
No later than 8 October 2021/29 October 2021
Retained earnings as at 30 September 2021
234
78
8 December 2021
No later than 21 December 2021/1 February 2022
2022
FY 2021The General Meeting of Shareholders did not approve profit distribution for FY 2021, including payment of dividends.
390 (no resolution passed)
130 (no resolution passed)
30 June 2022
No later than 25 July 2022/15 August 2022
Retained earnings as at 30 June 2022
780
260
21 September 2022
No later than 17 October 2022/8 November 2022
9M 2022
318
106
8 December 2022
No later than 9 January 2023/30 January 2023
2023
FY 2022
465
155
24 March 2023
No later than 18 April 2023/12 May 2023
1Q 2023
216
72
30 June 2023
No later than 25 July 2023/15 August 2023
Retained earnings as at 30 June 2022
48
16
30 June 2023
No later than 25 July 2023/15 August 2023
1H 2023The General Meeting of Shareholders did not approve profit distribution for 1H 2023, including payment of dividends.
126 (no resolution passed)
42
30 September 2023
No later than 25 October 2023/16 November 2023
9M 2023
291
97
14 December 2023
No later than 16 January 2024/6 February 2024
2024
FY 2023
294
98
30 June 2024
No later than 25 July 2024/15 August 2024
1Q 2024
15
5
30 June 2024
No later than 25 July 2024/15 August 2024
1H 2024
117
39
11 September 2024
No later than 4 October 2024/25 October 2024
9M 2024
126
42
11 December 2024
No later than 14 January 2024/4 February 2024
2025
FY 2024
87
29
29 May 2025
No later than 10 June 2025/16 July 2025
1Q 2025The General Meeting of Shareholders did not approve profit distribution for 1Q 2025, including payment of dividends.
No resolution passed
No resolution passed
24 June 2025
—
1H 2025
273
91
11 September 2025
No later than 2 October 2025/6 November 2025
Extraordinary General Meeting of Shareholders
Annual General Meeting of Shareholders
For more information on the Company’s dividend payment history, please visit the Company’s website
Results of the vote held by the Annual General Meeting of Shareholders on the distribution of profits (including payout (declaration) of dividends) and losses of the Company
Votes
Annual General Meeting of Shareholders
of 30 June 2022
of 24 March 2023
of 30 June 2024
of 29 May 2025
For
38,088,321
94,790,985
76,585,045
74,786,383
Against
56,540,778
0
555
14,653,548
Abstained
0
0
221
93,199
For more information on the Company’s dividend payment history, please visit the Company’s website