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ForFarmers
ForFarmers (FFARM) investor relations material
ForFarmers H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary19 Feb, 2026
Executive summary
Achieved record performance in 2025 with volumes reaching 10.6 million tonnes and net profit up 52.5%, driven by organic growth, acquisitions, and strengthened market positions across all regions.
Favourable market conditions, including low raw material prices and solid selling prices, supported results, especially in eggs and poultry, though dairy and pig prices declined towards year-end.
Major strategic steps included the integration of Van Triest, joint ventures in Germany and Poland, and the announced partnership with KPS to expand integrated poultry operations.
All clusters contributed to growth, with notable performance in the Netherlands, Poland, Germany, and the UK.
Financial highlights
Total volume reached 10.6 million tonnes, up 18% year-over-year, with compound feed volume up 6.9%.
Underlying net profit rose to €61.9 million, up 52.5% year-over-year; underlying EPS at €0.70.
EBITDA increased to €145.9 million, up 44.7% from 2024; EBIT up 57.7% to €93.2 million.
Dividend proposal of €0.30 per share, up 50% from previous year.
Net cash from operating activities more than doubled to €148.3 million; net cash position at year-end was €6.0 million, reversing previous net debt.
Outlook and guidance
Focus on completing and integrating the Tasomix-KPS joint venture in Poland and expanding capacity in Poland and the UK.
Continued ambition to maintain stable volumes in the Dutch market despite buyout scheme impacts.
New ROIC guidance expected in autumn after review of recent investments.
Emphasis on cost control, advancing sustainability ambitions, and optimizing logistics and chain integration.
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Next ForFarmers earnings date
Q1 2026 TU7 May, 2026
ForFarmers
Next ForFarmers earnings date
Q1 2026 TU7 May, 2026
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Frequently asked questions
ForFarmers N.V. is an international company specializing in comprehensive feed solutions for the organic and conventional livestock farming industry. With a clear mission "For the Future of Farming," ForFarmers is dedicated to promoting sustainable agriculture and enhancing the continuity of farming practices through innovative feed products and expert advice. The company is headquartered in Lochem, Netherlands, and its shares are listed on Euronext Amsterdam.
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