Fertilizer sales by Australia's CSBP rose by 31pc to 396,000t in the first half of the July 2024-June 2025 financial year compared with a year earlier, according to the company's half-year presentation.
CSBP is the fertilizer division of WesCEF, a subsidiary of Western Australia (WA)-based conglomerate Wesfarmers. The company did not provide a breakdown of fertilizer sales by type.
CSBP's fertilizer revenue increased by 14pc on the year to A$246mn ($155.27mn) in July-December 2024, supported by the higher sales volumes. Revenue from the chemical division of WesCEF rose to A$704mn, up by 12pc from a year earlier, owing to higher ammonium nitrate earnings, while revenue from its energy division fell by 0.8pc to A$260mn over the same period.
WesCEF's overall revenue increased by 9.5pc to A$1.21bn in July-December 2024.
The company expects higher contracted natural gas prices in WA to continue to weigh on earnings, it said in the presentation. CSBP is seeking to boost its ammonium nitrate output by 40,000 t/yr through "planned debottlenecking" of one of its nitric acid plants, which will increase the firm's capacity to 865,000 t/yr in the first half of the 2025-26 financial year, the company said.
