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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.
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Q1 2026 TU earnings summary7 May, 2026

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.

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