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]

Core Insights - ForFarmers reported strong results for the first half of 2025, with a total volume increase to 5.2 million tonnes and robust profitability [1][6] - The company is expanding its market positions through strategic initiatives, including a joint venture in Germany and the acquisition of Van Triest Veevoeders [1][6] - Sustainability efforts are being prioritized, focusing on reducing CO2 emissions and promoting circularity through co-products [2] Financial Performance - Total volume increased by 21.3% compared to H1 2024, driven by the acquisition and joint venture consolidation, with a like-for-like growth of 2.4% [6] - Compound feed volume rose by 5.4%, with a like-for-like growth of 0.5% [6] - Gross profit increased by 16.8% to €290.8 million, with contributions from all clusters [6] - Underlying EBITDA and EBIT saw significant increases of 42.7% and 57.7%, respectively, compared to the same period last year [6] - Underlying net profit attributable to shareholders rose by 46.3% to €23.4 million [6] - 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 [6] - ROACE on underlying EBIT improved from 10.7% as of June 30, 2024, to 14.3% as of June 30, 2025 [6] Market Position and Strategy - ForFarmers is a leading player in Europe with sales of approximately 10 million tonnes of animal feed [5] - The company has production facilities in the Netherlands, Germany, Poland, and the United Kingdom, and exports to various countries [5] - The reorganization in the United Kingdom has been completed, resulting in substantial profitability improvements [6]