Company: CF
Filing Date: 2025-11-19
Form Type: 424B2
Source: 0001104659-25-113972
Chunk: 11

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-19
Form: 424B2
Chunk 11
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 our performance and financial strength. Our management uses these measures, and believes they are useful to investors, as supplemental financial measures in the comparison of year-over-year performance. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. In addition, because not all companies use identical calculations, EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures of other companies. Further, EBITDA and Adjusted EBITDA should not be considered alternatives to net earnings or as an indicator of operating performance or as a measure of liquidity.

The following summary consolidated financial data are qualified in their entirety by reference to, and should be read in conjunction with, our audited consolidated financial statements and related notes, our interim unaudited consolidated financial statements and related notes, the information set forth in the section entitled “Risk Factors” herein and in the Annual Report, the information set forth in the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Annual Report and any Quarterly Reports on Form 10-Q filed with the SEC since the filing of the Annual Report, which are incorporated by reference herein, and the other financial information included in this prospectus supplement.

The following summary consolidated financial data does not give effect to this offering and the application of the net proceeds therefrom as described in “Use of Proceeds.” See the section entitled “Capitalization” for our cash and cash equivalents and our capitalization on an as adjusted basis after giving effect to this offering and the application of the net proceeds therefrom as described in “Use of Proceeds.”

Historical results included below and elsewhere in this prospectus supplement are not necessarily indicative of our financial condition, results of operations or cash flows for the year ending December 31, 2025 or any other future period.

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 ​ | Nine Months EndedSeptember 30, 
 2025                           |   |       |   | ​ | ​ | 2024 |   |       |   | ​ 
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 ​ | Year EndedDecember 31, 
 2024                   |   |       |   | ​ | ​ | 2023 |   |       |   | ​ | ​ | 2022 |   |        |   | ​ 
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