ForFarmers (FFARM) investor relations material

Executive summary

• Achieved strong results in H1 2026 with significant market share growth, especially in the Netherlands, Germany, and Poland.

• Local, customer-oriented approach, technical feed performance, and operational excellence contributed to gains.

• Underlying profit attributable to shareholders rose by 59.4% year-over-year, supported by strategic acquisitions.

• Approval received for joint venture with KPS in Poland, strengthening the poultry market position.

• Notable improvements in Germany (HaBeMa), Poland, and stable performance in the UK after an exceptional 2025.

Financial highlights

• Total volumes increased by 5.1% to 5.45 million tonnes; compound feed volumes up 3.3%.

• Underlying net profit attributable to shareholders rose nearly 60% to €37.3 million.

• EBITDA grew 39.3% to €84.7 million and EBIT increased 59.8% to €57.2 million compared to H1 2025.

• Gross profit up 12.6% to €327.3 million; revenue stable at €1,577.1 million.

• ROACE on underlying EBIT improved from 14.3% to 22.0%.

Outlook and guidance

• Management agenda focuses on strengthening market positions, supporting emission reductions, and capacity expansion in Poland.

• New financial targets to be announced at Capital Markets Day at year-end, reflecting improved performance and the KPS transaction.

• Continued focus on innovation, sustainability, value chain integration, cost control, and investment to support long-term growth.