Nutrien Ltd.

4.1 Three-year history Divestitures In 2024, we announced an update to our strategic priorities which included, among others, simplifying our business and focusing on business activities that are core to our long-term vision while pursuing opportunities to exit non-core activities. In line with these priorities, we pursued the divestiture of non-core assets including divesting 13 percent of our total ownership position in Sinofert Holdings Limited ( Sinofert ). We also closed more than 50 locations and suspended operations at all blending facilities in Brazil, to reduce our fixed costs and improve asset efficiency, for non-core Retail assets in South America. We have since also initiated the divestiture of idle facilities in Brazil as part of our continued strategy to exit non-core activities. In 2025, we fully divested our remaining equity ownership interest in Sinofert and sold our 50 percent equity position in Profertil S.A. ( Profertil ). Divestitures Gross Proceeds (US$ millions) Profertil 595 Sinofert 193 Strategic Actions In the fourth quarter of 2025, we completed a controlled shutdown of our Trinidad Nitrogen facility due to uncertainty with respect to port access and a lack of reliable and economic gas supply. In addition, we initiated a review of strategic alternatives for our Phosphate business, which may include reconfiguring operations, strategic partnerships or a potential sale of all or part of the business. We intend to solidify the optimal path for our Phosphate business and Trinidad assets in 2026.