ICL Group Ltd. (ICL), a leading global specialty minerals company, saw its stock soar 5.12% in pre-market trading on Wednesday, following the release of its fourth quarter and full-year 2024 financial results.

The strong pre-market performance was driven by ICL's robust financial results, with its specialties-driven businesses contributing 70% of the company's total adjusted EBITDA for the year and 73% in the fourth quarter.

For the full year 2024, ICL reported annual sales of $6.84 billion, adjusted EBITDA of $1.47 billion, and earnings per share of $0.38. Despite challenges from geopolitical tensions and the security situation in Israel, the company maintained profitability and strong cash flow generation.

The company's Potash segment experienced lower prices and sales volumes but benefited from higher production and operational efficiencies. The Phosphate Solutions segment saw higher sales volumes for certain products like battery materials and food additives, offset by lower prices.

The Growing Solutions segment had mixed results, with higher sales in some regions like North America offset by lower sales in others like Brazil. ICL's specialties-focused businesses, including Industrial Products, Growing Solutions, and Phosphate Solutions, drove the company's performance and contributed significantly to its overall profitability.