Nufarm (NUF) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional owners and confirmation of quorum.

• Hybrid format enabled both in-person and online participation, with voting and Q&A facilitated digitally.

• Board members, executive team, auditor, and returning officer introduced; voting procedures explained.

Financial performance review

• Statutory loss of AUD 165 million for FY 2025, mainly due to non-cash items from seed technology review and performance improvement program.

• Underlying crop protection business delivered 18% EBITDA growth, with strong results across all regions.

• Record profitability in North American turf and ornamental, APAC, and European segments; hybrid seeds and South American revenue improved.

• Omega-3 platform impacted by fish oil price drop; actions taken to reduce costs and reposition for FY 2026.

• Net debt increased due to manufacturing investments and Omega-3 inventory; plan to reduce leverage by end of FY 2026.

Board and executive committee updates

• New CEO and Managing Director, Rico Christensen, appointed, reflecting strong succession planning.

• Board members Alexandra Gartmann and Marie McDonald stood for re-election, highlighting their experience and commitment.

• Board focused on supporting new CEO and delivering shareholder value.