NFN
NFN.ASXLatest Earnings
NUFARM LIMITED FINANCIAL RESULTS FOR HY2026
27 May 2026
Nufarm delivered mixed HY2026 results with underlying net profit after tax up 35% to $52.1M, driven by stronger contributions from Seed Technologies (particularly Hybrid Seeds) and improved margins in Crop Protection, despite revenue declining 5% to $1.71B due to lower volumes and adverse FX impacts. The company achieved a 370 basis point underlying gross profit margin expansion to 33.1% and underlying EBITDA growth of 18% to $242.7M, reflecting disciplined cost management and a strategic focus on earnings quality over volume growth. No interim dividend was declared as the board maintains capital discipline with leverage at 3.6x and net debt of $1.23B. Key points: Underlying net profit after tax increased 35% to $52.1M, significantly outperforming statutory NPAT growth of 28% to $38.2M; Underlying EBITDA grew 18% to $242.7M with underlying EBIT up 32% to $135.8M, demonstrating strong operational leverage; Gross profit margin expanded 370 basis points to 33.1% reflecting higher hybrid seed margins and improved Crop Protection product mix, with gross profit up 8% despite lower volumes
Recent Announcements
NUFARM LIMITED FINANCIAL RESULTS FOR HY2026
Nufarm delivered mixed HY2026 results with underlying net profit after tax up 35% to $52.1M, driven by stronger contributions from Seed Technologies (particularly Hybrid Seeds) and improved margins in Crop Protection, despite revenue declining 5% to $1.71B due to lower volumes and adverse FX impacts. The company achieved a 370 basis point underlying gross profit margin expansion to 33.1% and underlying EBITDA growth of 18% to $242.7M, reflecting disciplined cost management and a strategic focus on earnings quality over volume growth. No interim dividend was declared as the board maintains capital discipline with leverage at 3.6x and net debt of $1.23B. Key points: Underlying net profit after tax increased 35% to $52.1M, significantly outperforming statutory NPAT growth of 28% to $38.2M; Underlying EBITDA grew 18% to $242.7M with underlying EBIT up 32% to $135.8M, demonstrating strong operational leverage; Gross profit margin expanded 370 basis points to 33.1% reflecting higher hybrid seed margins and improved Crop Protection product mix, with gross profit up 8% despite lower volumes
Trading Update
Nufarm Limited reported strong 1H FY26 performance with underlying EBITDA between $239m-$244m (17% increase YoY) and net debt reduced to $1.23b. The company announced an additional $50m gross cost savings program as part of its strategy refresh, with full run-rate savings expected by end of FY27.
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