Agrium achieves record results for the quarter and the first half

Release Date: 7/27/2005

ALL AMOUNTS ARE STATED IN U.S.$

CALGARY, Alberta -- Agrium Inc. (TSX and NYSE: AGU) announced today that net earnings for the second quarter of 2005 were a record $133-million ($0.99 diluted earnings per share), an increase of 80 percent over net earnings of $74-million ($0.52 diluted earnings per share) for the same period in 2004.  Net earnings for the first six months of the year were a record $157-million ($1.18 diluted earnings per share), almost double 2004 net earnings of $85-million ($0.60 diluted earnings per share) for the same period.  This quarter marks the sixth consecutive quarter of year-over-year earnings improvement.

To view the full financial results click here.