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ForFarmers (FFARM) investor relations material
ForFarmers Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong Q1 2026 performance with volume growth and robust profitability, supported by acquisitions and stable like-for-like volumes despite animal diseases and buy-out schemes.
Strengthened market positions and maintained competitive pricing amid geopolitical and raw material cost pressures.
Financial highlights
Total volume rose 9.3% year-over-year, mainly due to the German joint venture consolidation; like-for-like volume stable (-0.5%).
Compound feed volume up 4.1%, but declined 1.1% like-for-like due to animal diseases.
Turnover increased 4.5% to €787.6 million; like-for-like turnover down 4.7% due to lower raw material prices.
Gross profit up 17.2% to €161.8 million; like-for-like gross profit up 10.3%.
Underlying EBIT surged 70.8% to €27.5 million; underlying EBITDA up 49.5% to €41.1 million.
Outlook and guidance
Joint venture with KPS in Poland expected to close in Q3 2026, pending regulatory approval.
Continued focus on risk management to mitigate raw material and energy price volatility.
- Record year with 52.5% net profit growth and strong market share gains across all regions.FFARM
H2 202519 Feb 2026 - Record year: 52.5% net profit growth, 18% volume increase, and strong regional expansion.FFARM
H2 2025 (Media)19 Feb 2026 - Profitability surged on volume growth and acquisitions, despite lower revenue.FFARM
H1 20242 Feb 2026 - Q3 2025 saw robust volume and profit growth, fueled by acquisitions and market expansion.FFARM
Q3 2025 TU6 Nov 2025 - Strong volume, profit, and cash flow growth, with margin and sustainability gains.FFARM
H1 20257 Aug 2025 - Profit and volume surged, ROACE hit 13%, and the dividend was raised amid strong acquisitions.FFARM
H2 20245 Jun 2025
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