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Financial calendar 2026 for FirstFarms A/S
Globenewswire· 2025-12-23 09:38
Financial Calendar - FirstFarms A/S has established its financial calendar for 2026, which includes key dates for financial reporting and shareholder meetings [1][5] - The annual report for 2025 is scheduled to be released on 25 March 2026 [5] - The annual general meeting will take place on 28 April 2026, with proposals from shareholders required by 17 March 2026 [1][5] - Quarterly updates are planned for 27 May 2026 and 24 November 2026, covering the periods ending 31 March 2026 and 30 September 2026 respectively [5] - An interim financial report for the first half of 2026 will be released on 26 August 2026 [5] Company Overview - FirstFarms is a Danish company listed on the stock exchange, focusing on sustainable operations and community responsibility [3] - The company emphasizes delivering high-quality products primarily sold locally, while also seeking new opportunities to create value for investors and the surrounding communities [3]
FirstFarms A/S’ interim financial report 1 January – 30 June 2025
Globenewswire· 2025-08-27 06:51
Core Viewpoint - FirstFarms A/S reported a pre-tax profit of 7 million DKK in the first half of 2025, despite challenges from a foot and mouth disease (FMD) outbreak affecting milk production and lower-than-expected prices in pig and crop production [1][9]. Financial Performance - The company's turnover decreased by 28 million DKK, with EBITDA down by 11 million DKK and EBIT down by 13 million DKK compared to the previous year [1][9]. - The pre-tax result was 12 million DKK lower than the same period last year [1]. Impact of Foot and Mouth Disease - The FMD outbreak in Slovakia led to the culling of 3,521 animals, significantly impacting operations and financial results [2][6]. - The construction of a dairy facility in Plavecky Stvrtok is temporarily on hold due to the FMD outbreak, with plans to resume in the second half of 2025 [2]. - The total positive impact on the value adjustment of pigs, cattle, and unharvested crops was 42 million DKK, while the negative impact from culling milking cows due to FMD was 35 million DKK, resulting in a net impact of 4 million DKK [4]. Future Expectations - The company expects to re-establish full milk production in Plavecky Stvrtok by Q4 2025, with a complete herd restoration anticipated by 2026 [7][8]. - Following the FMD outbreak, the company adjusted its expectations for the year's results downwards by 45 million DKK but later revised them upwards, anticipating subsidies of 40-55 million DKK [10][11]. Operational Developments - The company is focusing on the full re-establishment of milk production and aims to operate the rest of its production more efficiently and sustainably [11]. - Ongoing construction projects, including a silo expansion and irrigation system enhancement in Romania, continue despite the challenges faced [5].