Exhibit 99.1

THE MOSAIC COMPANY REPORTS FIRST QUARTER 2025 RESULTS

Consolidated Results:

Segment Results:

Potash Results and Outlook:

*Tonnes = finished product tonnes

Phosphate Results and Outlook:

*Tonnes = finished product tonnes

Mosaic Fertilizantes Results and Outlook:

*Tonnes = finished product tonnes

Mosaic Biosciences Update

Capital Reallocation and Financial Strategy

Agriculture Market and Macroeconomic Update

Plant Nutrient Market Update

2025 Guidance Summary

Sensitivities Table

About The Mosaic Company

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about share repurchases, future transactions or strategic plans and other statements about future financial and operating results. Such statements are based upon the current beliefs and expectations of The Mosaic Company’s management and are subject to significant risks and uncertainties. These risks and uncertainties include, but are not limited to: political and economic instability and changes in government policies in countries in

which we have operations; the predictability and volatility of, and customer expectations about, agriculture, fertilizer, raw material, energy and transportation markets that are subject to competitive and other pressures and economic and credit market conditions; the level of inventories in the distribution channels for crop nutrients; the effect of future product innovations or development of new technologies on demand for our products; changes in foreign currency and exchange rates; international trade risks, including the impact of U.S. tariffs and retaliatory tariffs on economic conditions; and other risks associated with Mosaic’s international operations; a material adverse change in our Ma'aden investment with respect to the financial position, performance, operations or prospects of Ma'aden; customer defaults; the effects of Mosaic’s decisions to exit business operations or locations; changes in government policy; changes in environmental and other governmental regulation, including expansion of the types and extent of water resources regulated under federal law, carbon taxes or other greenhouse gas regulation, implementation of numeric water quality standards for the discharge of nutrients into Florida waterways or efforts to reduce the flow of excess nutrients into the Mississippi River basin, the Gulf of America or elsewhere; further developments in judicial or administrative proceedings, or complaints that Mosaic’s operations are adversely impacting nearby farms, business operations or properties; difficulties or delays in receiving, increased costs of or challenges to necessary governmental permits or approvals or increased financial assurance requirements; resolution of global tax audit activity; the effectiveness of Mosaic’s processes for managing its strategic priorities; adverse weather conditions affecting operations in Central Florida, the Mississippi River basin, the Gulf Coast of the United States, Canada or Brazil, and including potential hurricanes, excess heat, cold, snow, rainfall or drought; actual costs of various items differing from management’s current estimates, including, among others, asset retirement, environmental remediation, reclamation or other environmental regulation, Canadian resources taxes and royalties, reduction of Mosaic’s available cash and liquidity, and increased leverage, due to its use of cash and/or available debt capacity to fund financial assurance requirements and strategic investments; brine inflows at Mosaic’s potash mines; other accidents and disruptions involving Mosaic’s operations, including potential mine fires, floods, explosions, seismic events, sinkholes or releases of hazardous or volatile chemicals; and risks associated with cyber security, including reputational loss; as well as other risks and uncertainties reported from time to time in The Mosaic Company’s reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements.

Non-GAAP Financial Measures

This press release includes the presentation and discussion of non-GAAP diluted net earnings per share, or adjusted EPS, non-GAAP gross margin per tonne, or adjusted gross margin per tonne, non-GAAP adjusted EBITDA, non-GAAP cash cost of conversion or production per tonne, or non-GAAP adjusted effective tax rate, collectively referred to as non-GAAP financial measures. Generally, a non-GAAP financial measure is a supplemental numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with U.S. generally accepted accounting principles, or GAAP. Non-GAAP financial measures should not be considered as substitutes for, or superior to, measures of financial performance prepared in accordance with GAAP. In addition, because non-GAAP measures are not determined in accordance with GAAP, they are thus susceptible to varying interpretations and calculations and may not be comparable to other similarly titled measures of other companies. Adjusted metrics, including adjusted EPS, adjusted gross margin, and adjusted EBITDA are calculated by excluding the impact of notable items from the GAAP measure. Notable items impact on gross margin and EBITDA is pretax. Notable items impact on diluted net earnings per share is calculated as the notable item amount plus income tax effect, based on expected annual effective tax rate, divided by diluted weighted average shares. Management believes that these adjusted measures provide securities analysts, investors, management and others with useful supplemental information regarding our performance by excluding certain items that may not be indicative of, or are unrelated to, our core operating results. Management utilizes these adjusted measures in analyzing and assessing Mosaic’s overall performance and financial trends, for financial and operating decision-making, and to forecast and plan for future periods. These adjusted measures also assist our management in comparing our and our competitors' operating results. We are not providing forward looking guidance for U.S. GAAP reported diluted net earnings per share, gross margin per tonne, or a quantitative reconciliation of forward-looking adjusted EPS, adjusted gross margin and adjusted EBITDA because we are unable to predict with reasonable certainty our notable items without unreasonable effort. Historically, our notable items have included, but are not limited to, foreign currency transaction gain or loss, unrealized gain or loss on derivatives and equity securities, acquisition-related fees, discrete tax items, contingencies and certain other gains or losses. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP reported results for the guidance period. Reconciliations for Non-GAAP financial measures contained in this press release are found below. Reconciliations for current and historical periods beginning with the quarter ended June 30, 2023 for consolidated adjusted EPS and adjusted EBITDA, as well as segment adjusted EBITDA and adjusted gross margin per tonne are provided in the Selected Calendar Quarter Financial Information performance data for the related periods. This information is being furnished under Exhibit 99.2 of the Form 8-K and available on our website at www.mosaicco.com in the “Financial Information - Quarterly Earnings” section under the “Investors” tab.

Condensed Consolidated Statements of Earnings (Loss)

(in millions, except per share amounts)

Condensed Consolidated Balance Sheets

(in millions, except per share amounts)

The Mosaic Company						(unaudited)

						March 31, 2025						December 31, 2024
Assets
Current assets:
Cash and cash equivalents						$	259.2					$	272.8
Receivables, net, including affiliate receivables of $106.2 and $109.9, respectively						1,067.4						1,113.3
Inventories						2,782.6						2,548.4
Other current assets						485.6						563.8
Total current assets						4,594.8						4,498.3
Property, plant and equipment, net of accumulated depreciation of $10,783.4 and $10,499.7, respectively						13,516.7						13,352.6
Equity securities and investments in nonconsolidated companies						1,418.1						1,533.4
Goodwill						1,065.1						1,061.1
Deferred income taxes						1,020.3						958.3
Other assets						1,550.7						1,520.3
Total assets						$	23,165.7					$	22,924.0
Liabilities and Equity
Current liabilities:
Short-term debt						$	1,234.4					$	847.1
Current maturities of long-term debt						33.3						45.3
Structured accounts payable arrangements						383.8						402.3
Accounts payable, including affiliate payables of $98.5 and $155.1, respectively						936.0						1,156.5
Accrued liabilities						1,503.5						1,720.1
Total current liabilities						4,091.0						4,171.3
Long-term debt, less current maturities						3,329.9						3,332.3
Deferred income taxes						945.0						942.8
Other noncurrent liabilities						2,883.1						2,862.9
Equity:
Preferred Stock, $0.01 par value, 15,000,000 shares authorized, none issued and outstanding as of March 31, 2025 and December 31, 2024						—						—
Common Stock, $0.01 par value, 1,000,000,000 shares authorized, 391,174,065 shares issued and 317,229,733 shares outstanding as of March 31, 2025, 394,648,654 shares issued and 316,932,047 shares outstanding as of December 31, 2024						3.2						3.2
Capital in excess of par value						8.3						2.1
Retained earnings						14,093.9						13,926.1
Accumulated other comprehensive loss						(2,334.5)						(2,449.0)
Total Mosaic stockholders' equity						11,770.9						11,482.4
Noncontrolling interests						145.8						132.3
Total equity						11,916.7						11,614.7
Total liabilities and equity						$	23,165.7					$	22,924.0

 Condensed Consolidated Statements of Cash Flows

(in millions, except per share amounts)

Reconciliation of Non-GAAP Financial Measures

Earnings Per Share Calculation

Reconciliation of Non-GAAP Financial Measures

Reconciliation of Non-GAAP Financial Measures

Reconciliation of Non-GAAP Financial Measures

Exhibit 99.2

The Mosaic Company

Selected Calendar Quarter Financial Information

(Unaudited)

The Mosaic Company - Phosphate Segment

Selected Calendar Quarter Financial Information

(Unaudited)

The Mosaic Company - Potash Segment

Selected Calendar Quarter Financial Information

(Unaudited)