Globon announced on the 15th through a regulatory filing that it recently signed a potassium chloride (MOP) supply contract worth over 3 billion won with the Philippine Phosphate Fertilizer Corporation.

The confirmed value of this contract totals 3,075,714,620 won. This is a meaningful scale, equivalent to 23.75% of the company's revenue (12,948,129,060 won) in the most recent fiscal year (2025).

• *[Key Details of the Filing]**
• Counterparty: Philippine Phosphate Fertilizer Corporation (an existing client with a track record of executing similar contracts over the past three years)
• Product and Region: Potassium chloride (MOP), the Philippines
• Contract Period: July 14, 2026 – November 30, 2026
• Terms: Supply via SPOT trading method, payment to be made via T/T (no deposit or advance payment)

The company explained that the contract amount is based on USD 2,043,800. This figure was converted using the Seoul foreign exchange brokerage exchange rate (1 USD = 1,504.90 KRW) as of the contract date of July 14, 2026.

Additionally, the company noted that the disclosed contract amount is a baseline that does not yet reflect the permissible margin of error in delivery quantities stated in the contract. It also added that the contract end date serves as the scheduled date for receiving sales proceeds and may be subject to change based on future consultations between the two parties.