ForFarmers results for the first half of 2025 (with full press release)

Core Insights - ForFarmers has reported strong results for the first half of 2025, with a total volume increase of 21.3% compared to H1 2024, driven by strategic acquisitions and joint ventures [7] - The company is focused on sustainability, aiming to reduce CO2 emissions and enhance circularity through co-products [2][4] Financial Performance - Total volume reached 5.2 million tonnes, with a like-for-like growth of 2.4% [7] - Gross profit increased by 16.8% to €290.8 million, with all clusters contributing positively [7] - Underlying EBITDA and EBIT rose significantly by 42.7% and 57.7%, respectively [7] - Underlying net profit attributable to shareholders increased by 46.3% to €23.4 million [7] - Net cash flow from operating activities grew to €63.8 million, up from €25.5 million in H1 2024, allowing for a reduction in net debt [7] - Return on Average Capital Employed (ROACE) on underlying EBIT improved from 10.7% to 14.3% [7] Market Position and Strategy - The company is expanding its market share in the Netherlands despite a contracting market, and has seen exceptional results in the UK following a reorganization [7] - The launch of organic animal feed production in Germany is a response to high demand in that market [7] - ForFarmers aims to contribute to sustainable agriculture and affordable food through its complete feed solutions [4][5]