Mosaic (MOS) risk factors: FY2025 10-K

1. Our operating results are highly dependent upon and fluctuate based upon business, economic and other conditions and governmental policies affecting the agricultural industry in which we or our customers operate. These factors are outside of our control and may significantly affect our profitability.
2. U.S. tariffs on Canadian potash and retaliatory tariffs could materially adversely affect our business operations and financial condition.Tariffs
3. Unfavorable worldwide economic and market conditions could adversely affect our business, financial condition or operating results.
4. Our crop nutrient business is seasonal and varies based on application rates, which may result in carrying significant amounts of inventory and seasonal variations in working capital, and our inability to predict future seasonal crop nutrient demand accurately may result in excess inventory or product shortages.
5. Changes in transportation costs can affect our sales volumes and selling prices.
6. A disruption at our production, distribution or terminaling facilities could have a material adverse impact on our business. The risk of material disruption increases when demand for our products results in high operating rates at our facilities.
7. Reduced oil refinery operating rates in North America could have a material adverse impact on our business, financial condition or operating results.
8. Key inputs for the production of our finished goods, including fertilizer, sulfur and ammonia, and energy used in our businesses in the past have been and may in the future be the subject of volatile pricing and availability. Changes in the price or availability of these key inputs for production of finished goods have had, and could again have, a material adverse impact on our businesses.
9. We are subject to risks associated with our international sales and operations, which could negatively affect our sales to customers in foreign countries as well as our operations and assets in foreign countries. Some of these factors may also make it less attractive to distribute cash generated by our operations outside the U.S. to our stockholders, or to utilize cash generated by our operations in one country to fund our operations or repayments of indebtedness in another country or to support other corporate purposes.
10. Our assets outside of North America are located in countries with volatile conditions, which could subject us and our assets to significant risks.
11. Adverse weather conditions, including hurricanes, and excess heat, cold, snow, rainfall and drought, have in the past, and may in the future, adversely affect our operations, and result in increased costs, decreased sales or production and potential liabilities.
12. Climate change could adversely affect us.
13. We do not own a controlling equity interest in our non-consolidated companies, some of which are foreign companies, and therefore our operating results and cash flow may be materially affected by how the governing boards and majority owners operate such businesses. There may also be limitations on monetary distributions from these companies that are outside of our control. Together, these factors may lower our equity earnings or cash flow from such businesses and negatively impact our results of operations.
14. Strikes or other forms of work stoppage or slowdown could disrupt our business and lead to increased costs.
15. Our underground potash shaft mines are subject to risks of water inflows.
16. Accidents or equipment failures occurring in the course of our operating activities could result in significant liabilities, interruptions or shutdowns of facilities or the need for significant safety or other expenditures.
17. Our business operations rely on our information systems and any material disruption or slowdown of our systems could cause operational delays or loss of revenue.
18. A shortage or unavailability of trucks, railcars, tugs, barges and ships for carrying our products and the raw materials we use in our business could result in customer dissatisfaction, loss of production or sales and higher transportation or equipment costs.
19. Our success will continue to depend on our ability to attract and retain highly qualified and motivated employees.

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1. Environmental, health and safety regulations and requirements to which we are subject may have a material adverse effect on our business, financial condition and results of operations.
2. Our operations depend on having the required permits and approvals from governmental authorities. Denial or delay by a government agency in issuing any of our permits and approvals or imposition of restrictive conditions in those permits and approvals may impair our business and operations.reworded
3. We are, and may in the future be, involved in legal and regulatory proceedings that could be material to us.
4. Environmental, health and safety and food and crop laws and regulations to which we are subject may become more stringent over time. This could increase the effects on us of these laws and regulations, and the increased effects could be materially adverse to our business, operations, liquidity and/or results of operations.
5. Environmental justice considerations could have a material adverse effect on our business, financial condition or results of operations.
6. We are subject to financial assurance requirements as part of our routine business operations. If we were unable to satisfy financial assurance requirements, we might not be able to obtain or maintain permits we need to operate our business as we have in the past. In addition, our compliance with these requirements could materially affect our business, results of operations or financial condition.
7. Regulatory restrictions on greenhouse gas emissions and climate change regulations in the U.S., Canada or elsewhere could adversely affect us, and these effects could be material.
8. We use tailings, sediments and water dams and other impoundments to manage residual materials generated by our facilities, including Brazilian mining operations. If our safety procedures are not effective, an accident involving these impoundments could result in serious injuries or death, damage to property or the environment, or result in the shutdown of our facilities, any of which could materially adversely affect our results of operations.

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1. Our competitive position could be adversely affected if we are unable to participate in continuing industry consolidation.
2. Our most important products are global commodities, and we face intense global competition from other crop nutrient producers that can affect our prices and volumes.
3. Some of our competitors and potential competitors have greater resources than we do, which may place us at a competitive disadvantage and adversely affect our sales and profitability. These competitors include state-owned and government-subsidized entities in other countries.

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1. Future product or technological innovation could affect our business.
2. The success of our strategic initiatives depends on our ability to effectively manage them, and to successfully integrate and grow acquired businesses.
3. Cyberattacks could disrupt our operations and have a material adverse impact on our business.Cybersecurity
4. Our crop nutrients and other products are subject to price and demand volatility resulting from periodic imbalances of supply and demand, which may cause our results of operations to fluctuate.

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1. During periods when the prices for our products are falling because of falling raw material prices, we could be required to write-down the value of our inventories. Any such write-down could adversely affect our results of operations and the value of our assets.
2. We may incur significant non-cash charges if our goodwill or long-lived assets become impaired in the future.
3. Changes in tax laws or regulations or their interpretation, or exposure to additional tax liabilities, could materially adversely affect our operating results and financial condition.
4. Capital markets access, liquidity and credit ratings.new
5. Our strategy for managing market and interest rate risk may not be effective.Interest rates
6. We extend trade credit to our customers and guarantee the financing that some of our customers use to purchase our products. Our results of operations may be adversely affected if these customers are unable to repay the trade credit from us or financing from their banks. Increases in prices for crop nutrient, other agricultural inputs and grain may increase this risk.
7. Due to the global nature of our operations, we are exposed to currency exchange rate changes, which may cause fluctuations in earnings and cash flows.

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Headings in the FY2024 10-K with no match this year.

1. Pandemics, epidemics or other health outbreaks could materially adversely affect our business operations and financial condition.